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Lighting Products Market to Reach Valuation of US$ 179.81 Bn by 2031: Transparency Market Research

Electronics and Semiconductors |

Lighting Products market: Introduction

Transparency Market Research delivers key insights on the global lighting products market. In terms of revenue, the global lighting products market is estimated to expand at a CAGR of 3.7% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global lighting products market.

The global lighting products market is broadly affected by several factors, including end-use market for lighting products such as residential, commercial, industrial, outdoor, offices, etc.

Lighting Products Market: Dynamics

The global lighting products market is witnessing rapid transformation driven by technological changes. The push for energy-efficiency in many parts of the globe has led to regulations aimed at phasing out older lighting technologies.

The shift toward LED and connecting lights is driving the Lighting products market. The decline in LED prices has made a huge impact on the lighting product market. The significant investment on LED chips and packages has also enhanced the penetration of LED products in the lighting products market.

In terms of application, the general lighting segment accounted for a notable share among all other segments, owing to higher demand and volume of lighting products in the segment. Various technological advancements in lighting products such as fixtures, drivers, and power supplies have made lighting products more reliable and efficient.

Lighting Products Market: Prominent Regions

In terms of region, the global market has been dominated by Asia Pacific. The region is expected to continue its dominance over the next few years, owing to a rise in the demand for lighting products in nations such as China, which is also major manufacturer and supplier of the lighting products. The increasing demand, durability, and energy efficiency of lighting product systems has further propelled their demand in developing nations of Asia Pacific such as India.

Lighting Products Market: Key Players

Key players operating in the global lighting products market are GE Lighting Philips NV., Panasonic Corporation, OSRAM Licht AG, Schneider Electric, Cree INC., Citizen Electronics, Lumerica, Havells India Pvt., LEDtronics, Inc., Patriot LED, and Acuity Brands.

Global Lighting Products Market: Segmentation

Lighting Products Market, by Type

  • LEDs
  • CFL
  • LFL
  • HID
  • Halogens
  • Incandescent

Lighting Products Market, by Application

  • General Lighting
  • Automotive Lighting
  • Backlighting
  • Others

Lighting Products Market, by End-use

  • Residential
  • Commercial
  • Industrial
  • Hospitality
  • Outdoor
  • Architectural

Lighting Products Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of America
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • India
    • Japan
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa (MEA)
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

About Electronics & Semiconductors Industry at Transparency Market Research

TMR’s reports on the electronics & semiconductors industry provides a lucid analysis on how IoT is driving innovations in the sector. Revolution in the telecommunication landscape mainly due to the development of 4G and 5G networks, which has deeply influenced the demand in the semiconductors industry is discussed in detail in our reports. The demand analysis of super semiconductors to support Industry 4.0 industrial processes is a highlight of our reports.

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyse information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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