openPR Logo
Press release

Lamp Market to surpass USD 18 billion by 2024

06-19-2017 08:39 AM CET | Industry, Real Estate & Construction

Press release from: Global Market Insights, Inc.

Global Market Insights, Inc.

Global Market Insights, Inc.

The lamp market trends are analyzed from recent past with an eye on coming years in this report that also offers projections for lamp industry targeted at helping in business decisions. Lamp market size will surpass USD 18 billion by 2024, The global shipments in 2016 were 32 billion units.

Lamps are required in a wide variety of applications such as residential, hospitality, commercial, roadways, etc. Government initiatives for increasing lighting facilities in rural areas have increased the overall lamp market demand. The usage of CFLs has increased in commercial and residential sectors as they have replaced incandescent bulbs that are banned in most regions owing to the excessive mercury content.

Request for a sample of this research report @
https://www.gminsights.com/request-sample/detail/1566

Halogen lamps are widely used in projector bulbs in automobiles owing to their low replacement costs and lesser energy consumption as compared to incandescent bulbs. These bulbs are being increasingly used as a replacement of incandescent bulbs, which are banned in various regions. Rising usage and reliability on these bulbs have fueled the lamp market growth.

Stringent government regulations toward the usage of energy-efficient bulbs and rising spending on residential constructions are anticipated to hamper lamp market demand. Consumer preference shifting towards LED bulbs owing to their lesser energy consumption costs will hamper the industry growth over the forecast timeline. Moreover, government initiatives across the globe for the implementation of LED bulbs have negatively affected the demand for bulbs and will be a threat to the lamp market growth.

Fluorescent and halogen lamps are among the most widely used lighting sources. Modern fluorescent bulbs provide a cost-effective solution for both private and commercial uses. Moreover, they uniformly distribute the light and are featured with long service life, high luminous efficacy, low energy consumption, and superior reliability. Substitution of fluorescent bulbs with advanced LEDs will drastically decrease the demand for raw materials such as Europium and Yttrium.

Browse key industry insights spread across 180 pages with 298 market data tables & 15 figures & charts from the report, “Lamp Market Size By Product (Electrical Discharge [Fluorescent, High Intensity Discharge], Filament [Incandescent, Halogen]), By Application (Indoor [Residential, Commercial, Retail, Hospitality, Healthcare], Industrial), Outdoor [Highways, Public Places], Motor Vehicles), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Russia, China, India, Vietnam, Indonesia, Thailand, Brazil, Mexico) Application Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/lamp-market

The electrical discharge segment growth is attributed to the rising adoption of fluorescent bulbs across various applications. These fluorescent lamps are available in various lumen packages and wattage, which enables consumers to vary the light power and output to accurate load requirements to fulfill the stringent energy codes.

The filament bulbs market will witness a sluggish growth over the forecast timeline due to the phasing out of incandescent bulbs. The aim behind the phasing out of these bulbs is to boost the adoption of advanced efficiency bulbs and specifically HIDs in place of halogen bulbs, reducing the energy wastage.

Residential applications are anticipated to witness high adoption rates due to the increasing demand for cost-effective lighting systems in households. The increasing inclination of consumers towards energy-efficient lighting products, such as HIDs and fluorescent lamps, will further impact the lamp market demand. Consumers are also focusing on the lighting design and adopting various electric lighting approaches to optimize the circulation of light inside their homes.

Rising expenditure on construction and the demand for energy-efficient lighting systems are anticipated to drive the Asia Pacific lamp market. The presence of various manufacturers will also impact the industry. The need for efficient lighting systems for surgical purposes due to a large aging population base will escalate the demand for bulbs in the region.

The global lamp market is highly fragmented with players launching a variety of products. Mergers, collaborations, and partnerships are key strategies adopted by industry players.

Make an inquiry for buying this report @
https://www.gminsights.com/inquiry-before-buying/1566

Lamp market research report includes in-depth coverage of the industry with estimates & forecast in terms of global volume in unit shipments and revenue in USD from 2013 to 2024, for the following segments:
Lamp Market By Product
• Electrical discharge
o Fluorescent lamps
o High intensity discharge lamps
• Filament
o Incandescent lamps
o Halogen lamps
Lamp Market By Application
• Indoor use
o Residential
o Commercial
 Retail
 Hospitality
 Healthcare
 Others
o Industrial
• Outdoor use
o Highways
o Public places
• Motor vehicles
The above information is provided on a regional basis for the following:
• North America
o U.S.
o Canada
• Europe
o Germany
o UK
o France
o Italy
o Russia
• Asia Pacific
o China
o India
o Vietnam
o Indonesia
o Thailand
• Latin America
o Brazil
o Mexico
• MEA

Browse Related Reports:

LED Lamp Market Size By Product (General Purpose, Decorative, Specialty), By Application (Indoor [Residential, Commercial, Retail, Hospitality, Healthcare], Industrial, Outdoor [Highways, Public Places]), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Russia, China, India, Vietnam, Indonesia, Thailand, Brazil, Mexico), Application Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024

https://www.gminsights.com/industry-analysis/led-lamp-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Lamp Market to surpass USD 18 billion by 2024 here

News-ID: 584448 • Views:

More Releases from Global Market Insights, Inc.

Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health. This in turn has led to a surge in demand for various functional foods
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock. According to Global Market Insights Inc estimates
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key players Eaton, Schneider, Siemens, Hitachi, Powell, Hubbell
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight. Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091 Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group
Prenatal Vitamin Ingredients Market New Entrants, Risk Factors, Market Expansion …
The rise in the instances of miscarriages on account of poor diet and hygiene will anchor the consumption of prenatal vitamin ingredients. Excessive intake of junk food has resulted in the scarcity of important nutrients in pregnant women that could adversely affect the fetus health and development. Furthermore, prenatal vitamin ingredients possess additional nutritional components that are not so easily sourced from regular food items and products. Prenatal vitamin ingredients can

All 5 Releases


More Releases for Lamp

Global Examination Lamp Market, Global Examination Lamp Industry, Covid-19 Impac …
The Examination Lamp market is expected to grow from USD X.X million in 2020 to USD X.X million by 2026, at a CAGR of X.X% during the forecast period. The Global Examination Lamp Market report is a comprehensive research that focuses on the overall consumption structure, development trends, sales models and sales of top countries in the global Examination Lamp market. The report focuses on well-known providers in the global
Lumebience Salt lamp Reviews-Does Lumebience Salt lamp Work-Complete Info
Lumebience Salt lamp: As we're all nicely aware of these days’s scenario, in which there's a splendid amount of pollution global, people cannot live their existence to the fullest. No depend wherein you're residing, whether or not within the US or some other u . S ., you will be going through the equal issues of pollutant air. Pollution is the main motive why many human beings suffer from allergies
Global High Intensity Discharge HID Lamp Market By Type (Gas Discharge Lamp, Hig …
The Global High Intensity Discharge HID Lamp Market 2020 report implement in-depth research of the industry with a focus on the current market trends future prospects. The Global High Intensity Discharge HID Lamp Market report aims to provide an overview of High Intensity Discharge HID Lamp Market players with detailed market segmentation by product, application and geographical region. It also provides market share and size, revenue forecast, growth opportunity. The
LED Table Lamp Market Report 2018: Segmentation by Type (Reading Lamp, Decorativ …
Global LED Table Lamp market research report provides company profile for GUANYA, OPPLE, Yingke, DP, Donghia, VAVA, Philips, OSRAM, Liangliang, Panasonic and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides
Solar Simulator Market By Geography Light Source (Xenon arc lamp, Metal halide a …
Global Solar Simulator Market accounted for USD 5.75 billion in 2016 growing at a CAGR of 7.1% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024. Solar Simulator Market By Geography; Light Source (Xenon arc lamp, Metal halide arc lamp, LED lamp, UV lamp, QTH lamp);
High-impact minimalist pendant lamp
The new 40x10 LED pendant lamp, based on GERA's Lighting System 6, is an ultra-slim architectural lamp that redefines room lighting design for interior designers. With its extremely slender aluminium profile and the inconspicuous power supply with the smallest cable cross-sections, this elegant lamp appears very light and virtually floating despite its impressive light emission. This effect is further amplified thanks to the use of LED-based low voltage technology, which