Lighting Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,850	120 Pages	Fortune Business Insights Pvt. Ltd.	October, 2024	FOB19260653

Best Price Guarantee
Price	from $4,850
Length	120 Pages
Publisher	Fortune Business Insights Pvt. Ltd.
Published Date	October, 2024
SKU	FOB19260653

Lighting Market

Growth Factors of Lighting Market

The global lighting market size was valued at USD 122.03 billion in 2022 and is projected to grow from USD 125.48 billion in 2023 to USD 169.44 billion by 2030, exhibiting a CAGR of 4.4% during the forecast period of 2023-2030.

The COVID-19 pandemic disrupted the lighting fixtures market through delivery chain troubles and decreased calls for closed production projects and commercial areas. Despite this, the call for energy-green and clever lighting fixture solutions in residential regions increased, impeding the lighting market growth.

The lights marketplace is pushed by growing demand for strength-efficient solutions, accelerated adoption of clever lighting fixtures technology, urbanization, and government tasks promoting electricity conservation. These elements collectively beautify a person's comfort, lessen environmental impact, and guide infrastructure improvement.

LED lighting fixtures have revolutionized the light enterprise due to their notably higher power performance than traditional lighting technologies. This efficiency interprets decreased electricity consumption and lower payments, expanding the global lighting market share. LEDs also boast a miles longer lifespan than conventional bulbs, minimizing the need for frequent replacements and reducing preservation charges. Furthermore, LED lights can seamlessly incorporate innovative domestic systems, enabling faraway manipulation and automation.

Comprehensive Analysis of Lighting Market

The lights market is segmented by kind, utility, and give-up user. The LED segment is expected to develop the fastest due to its low price and electricity performance. General lighting dominates packages, making up nearly 80% of the market, pushed by expanded residential and industrial construction and automotive lighting fixtures. In terms of cease customers, the residential phase is predicted to keep the most crucial share, spurred through the call for clever LED lights, at the same time as the commercial section, due to the growth of industrial buildings and public infrastructure.

The Asia Pacific region led the lighting market by benefitting a size of USD 57.56 billion in 2022 due to the presence of numerous registered and unregistered marketplace key gamers on this sector.

The leading players in the lighting market significantly shape its growth trajectory and establish industry standards. Key companies, including GE Lighting (U.S.), Koninklijke Philips N.V. (Netherlands), Panasonic Corporation (Japan), OSRAM Licht AG (Germany), Schneider Electric SE (France), Cree, Inc. (U.S.), CITIZEN ELECTRONICS CO., LTD. (Japan), Lumerica (Canada), Havells India Ltd. (India), LEDtronics, Inc. (U.S.), Patriot LED (U.S.), and Acuity Brands, Inc. (U.S.), contribute to a competitive landscape that drives innovation and market advancement.

In February 2019, Cree, Inc. Has released its next-generation ‘XLamp,’ in particular the XP-E2 Photo Red (660nm) and Far Red (730nm) fashions. This new product is designed to beautify overall performance inside the horticulture region. These horticulture LEDs enhance the performance of LED luminaires and reduce the payback period.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2030

Base Year 2022

Estimated Year 2023

Forecast Period 2023-2030

Historical Period 2019-2021

Growth Rate CAGR of 4.4% from 2023 to 2030

Unit Value (USD Billion)

Segmentation By Lighting Type

LED

CFL

LFL

HID

Halogen

Incandescent

By Application

General Lighting

Automotive Lighting

Backlighting

Others

By End User

Residential

Commercial

Industrial

By Region

North America (By Lighting Type, By Application, By End User, By Country)

U.S. (By End User)
Canada (By End User)

Europe (By Lighting Type, By Application, By End User, By Country)

Germany (By End User)
U.K. (By End User)
France (By End User)
Italy (By End User)
Spain (By End User)
Scandinavia (By End User)
Rest of Europe

Asia Pacific (By Lighting Type, By Application, By End User, By Country)

China (By End User)
India (By End User)
Japan (By End User)
Australia (By End User)
Southeast Asia (By End User)
Rest of Asia Pacific

Middle East & Africa (By Lighting Type, By Application, By End User, By Country)

GCC (By End User)
South Africa (By End User)
Rest of Middle East & Africa

Latin America (By Lighting Type, By Application, By End User, By Country)

Brazil (By End User)
Mexico (By End User)
Rest of Latin America

1. Introduction: 1.1. Definition, By Segment; 1.2. Research Methodology Approach; 1.3. Data Sources
2. Executive Summary
3. Market Dynamics: 3.1. Macro and Micro Economic Indicators; 3.2. Drivers, Restraints and Opportunities and Trends; 3.3. Impact of COVID-19
4. Competition Landscape: 4.1. Business Strategies Adopted by Key Players; 4.2. Consolidated SWOT Analysis of Key Players; 4.3. Global Lighting Market Key Players Market Share Insights and Analysis, 2022
5. Global Lighting Market Size Estimates and Forecast (Quantitative Data), By Segment, 2019-2030: 5.1. Key Findings; 5.2. By Lighting Type (USD); 5.2.1. LED; 5.2.2. CFL; 5.2.3. LFL; 5.2.4. HID; 5.2.5. Halogen; 5.2.6. Incandescent; 5.3. By Application (USD); 5.3.1. General Lighting; 5.3.2. Automotive Lighting; 5.3.3. Backlighting; 5.3.4. Others; 5.4. By End-User (USD); 5.4.1. Residential; 5.4.2. Commercial; 5.4.3. Industrial; 5.5. By Region (USD); 5.5.1. North America; 5.5.2. Europe; 5.5.3. Asia Pacific; 5.5.4. Middle East and Africa; 5.5.5. Latin America
6. North America Lighting Market Size Estimates and Forecast (Quantitative Data), By Segment, 2019-2030: 6.1. Key Findings; 6.2. By Lighting Type (USD); 6.2.1. LED; 6.2.2. CFL; 6.2.3. LFL; 6.2.4. HID; 6.2.5. Halogen; 6.2.6. Incandescent; 6.3. By Application (USD); 6.3.1. General Lighting; 6.3.2. Automotive Lighting; 6.3.3. Backlighting; 6.3.4. Others; 6.4. By End-User (USD); 6.4.1. Residential; 6.4.2. Commercial; 6.4.3. Industrial; 6.5. By Country (USD); 6.5.1. U.S.; 6.5.1.1. By End-User; 6.5.1.1.1. Residential; 6.5.1.1.2. Commercial; 6.5.1.1.3. Industrial; 6.5.2. Canada; 6.5.2.1. By End-User; 6.5.2.1.1. Residential; 6.5.2.1.2. Commercial; 6.5.2.1.3. Industrial
7. Europe Lighting Market Size Estimates and Forecast (Quantitative Data), By Segment, 2019-2030: 7.1. Key Findings; 7.2. By Lighting Type (USD); 7.2.1. LED; 7.2.2. CFL; 7.2.3. LFL; 7.2.4. HID; 7.2.5. Halogen; 7.2.6. Incandescent; 7.3. By Application (USD); 7.3.1. General Lighting; 7.3.2. Automotive Lighting; 7.3.3. Backlighting; 7.3.4. Others; 7.4. By End-User (USD); 7.4.1. Residential; 7.4.2. Commercial; 7.4.3. Industrial; 7.5. By Country (USD); 7.5.1. Germany; 7.5.1.1. By End-User; 7.5.1.1.1. Residential; 7.5.1.1.2. Commercial; 7.5.1.1.3. Industrial; 7.5.2. U.K.; 7.5.2.1. By End-User; 7.5.2.1.1. Residential; 7.5.2.1.2. Commercial; 7.5.2.1.3. Industrial; 7.5.3. France; 7.5.3.1. By End-User; 7.5.3.1.1. Residential; 7.5.3.1.2. Commercial; 7.5.3.1.3. Industrial; 7.5.4. Rest of Europe
8. Asia Pacific Lighting Market Size Estimates and Forecast (Quantitative Data), By Segment, 2019-2030: 8.1. Key Findings; 8.2. By Lighting Type (USD); 8.2.1. LED; 8.2.2. CFL; 8.2.3. LFL; 8.2.4. HID; 8.2.5. Halogen; 8.2.6. Incandescent; 8.3. By Application (USD); 8.3.1. General Lighting; 8.3.2. Automotive Lighting; 8.3.3. Backlighting; 8.3.4. Others; 8.4. By End-User (USD); 8.4.1. Residential; 8.4.2. Commercial; 8.4.3. Industrial; 8.5. By Country (USD); 8.5.1. China; 8.5.1.1. By End-User; 8.5.1.1.1. Residential; 8.5.1.1.2. Commercial; 8.5.1.1.3. Industrial; 8.5.2. India; 8.5.2.1. By End-User; 8.5.2.1.1. Residential; 8.5.2.1.2. Commercial; 8.5.2.1.3. Industrial; 8.5.3. Japan; 8.5.3.1. By End-User; 8.5.3.1.1. Residential; 8.5.3.1.2. Commercial; 8.5.3.1.3. Industrial; 8.5.4. South East Asia; 8.5.4.1. By End-User; 8.5.4.1.1. Residential; 8.5.4.1.2. Commercial; 8.5.4.1.3. Industrial; 8.5.5. Rest of Asia-Pacific
9. Middle East and Africa Lighting Market Size Estimates and Forecast (Quantitative Data), By Segment, 2019-2030: 9.1. Key Findings; 9.2. By Lighting Type (USD); 9.2.1. LED; 9.2.2. CFL; 9.2.3. LFL; 9.2.4. HID; 9.2.5. Halogen; 9.2.6. Incandescent; 9.3. By Application (USD); 9.3.1. General Lighting; 9.3.2. Automotive Lighting; 9.3.3. Backlighting; 9.3.4. Others; 9.4. By End-User (USD); 9.4.1. Residential; 9.4.2. Commercial; 9.4.3. Industrial; 9.5. By Country (USD); 9.5.1. GCC; 9.5.1.1. By End-User; 9.5.1.1.1. Residential; 9.5.1.1.2. Commercial; 9.5.1.1.3. Industrial; 9.5.2. South Africa; 9.5.2.1. By End-User; 9.5.2.1.1. Residential; 9.5.2.1.2. Commercial; 9.5.2.1.3. Industrial; 9.5.3. Rest of Middle East and Africa
10. Latin America Lighting Market Size Estimates and Forecast (Quantitative Data), By Segment, 2019-2030: 10.1. Key Findings; 10.2. By Lighting Type (USD); 10.2.1. LED; 10.2.2. CFL; 10.2.3. LFL; 10.2.4. HID; 10.2.5. Halogen; 10.2.6. Incandescent; 10.3. By Application (USD); 10.3.1. General Lighting; 10.3.2. Automotive Lighting; 10.3.3. Backlighting; 10.3.4. Others; 10.4. By End-User (USD); 10.4.1. Residential; 10.4.2. Commercial; 10.4.3. Industrial; 10.5. By Country (USD); 10.5.1. Brazil; 10.5.1.1. By End-User; 10.5.1.1.1. Residential; 10.5.1.1.2. Commercial; 10.5.1.1.3. Industrial; 10.5.2. Mexico; 10.5.2.1. By End-User; 10.5.2.1.1. Residential; 10.5.2.1.2. Commercial; 10.5.2.1.3. Industrial; 10.5.3. Rest of Latin America
11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases): 11.1. GE Lighting; 11.1.1. Overview; 11.1.1.1. Key Management; 11.1.1.2. Headquarters; 11.1.1.3. Offerings/Business Segments; 11.1.2. Key Details (Key details are consolidated data and not product/service specific); 11.1.2.1. Employee Size; 11.1.2.2. Past and Current Revenue; 11.1.2.3. Geographical Share; 11.1.2.4. Business Segment Share; 11.1.2.5. Recent Developments; 11.2. Koninklijke Philips N.V.; 11.2.1. Overview; 11.2.1.1. Key Management; 11.2.1.2. Headquarters; 11.2.1.3. Offerings/Business Segments; 11.2.2. Key Details (Key details are consolidated data and not product/service specific); 11.2.2.1. Employee Size; 11.2.2.2. Past and Current Revenue; 11.2.2.3. Geographical Share; 11.2.2.4. Business Segment Share; 11.2.2.5. Recent Developments; 11.3. Panasonic Corporation; 11.3.1. Overview; 11.3.1.1. Key Management; 11.3.1.2. Headquarters; 11.3.1.3. Offerings/Business Segments; 11.3.2. Key Details (Key details are consolidated data and not product/service specific); 11.3.2.1. Employee Size; 11.3.2.2. Past and Current Revenue; 11.3.2.3. Geographical Share; 11.3.2.4. Business Segment Share; 11.3.2.5. Recent Developments; 11.4. OSRAM Licht AG; 11.4.1. Overview; 11.4.1.1. Key Management; 11.4.1.2. Headquarters; 11.4.1.3. Offerings/Business Segments; 11.4.2. Key Details (Key details are consolidated data and not product/service specific); 11.4.2.1. Employee Size; 11.4.2.2. Past and Current Revenue; 11.4.2.3. Geographical Share; 11.4.2.4. Business Segment Share; 11.4.2.5. Recent Developments; 11.5. Schneider Electric SE; 11.5.1. Overview; 11.5.1.1. Key Management; 11.5.1.2. Headquarters; 11.5.1.3. Offerings/Business Segments; 11.5.2. Key Details (Key details are consolidated data and not product/service specific); 11.5.2.1. Employee Size; 11.5.2.2. Past and Current Revenue; 11.5.2.3. Geographical Share; 11.5.2.4. Business Segment Share; 11.5.2.5. Recent Developments; 11.6. Cree, Inc.; 11.6.1. Overview; 11.6.1.1. Key Management; 11.6.1.2. Headquarters; 11.6.1.3. Offerings/Business Segments; 11.6.2. Key Details (Key details are consolidated data and not product/service specific); 11.6.2.1. Employee Size; 11.6.2.2. Past and Current Revenue; 11.6.2.3. Geographical Share; 11.6.2.4. Business Segment Share; 11.6.2.5. Recent Developments; 11.7. CITIZEN ELECTRONICS CO., LTD.; 11.7.1. Overview; 11.7.1.1. Key Management; 11.7.1.2. Headquarters; 11.7.1.3. Offerings/Business Segments; 11.7.2. Key Details (Key details are consolidated data and not product/service specific); 11.7.2.1. Employee Size; 11.7.2.2. Past and Current Revenue; 11.7.2.3. Geographical Share; 11.7.2.4. Business Segment Share; 11.7.2.5. Recent Developments; 11.8. Lumerica; 11.8.1. Overview; 11.8.1.1. Key Management; 11.8.1.2. Headquarters; 11.8.1.3. Offerings/Business Segments; 11.8.2. Key Details (Key details are consolidated data and not product/service specific); 11.8.2.1. Employee Size; 11.8.2.2. Past and Current Revenue; 11.8.2.3. Geographical Share; 11.8.2.4. Business Segment Share; 11.8.2.5. Recent Developments; 11.9. Havells India Ltd.; 11.9.1. Overview; 11.9.1.1. Key Management; 11.9.1.2. Headquarters; 11.9.1.3. Offerings/Business Segments; 11.9.2. Key Details (Key details are consolidated data and not product/service specific); 11.9.2.1. Employee Size; 11.9.2.2. Past and Current Revenue; 11.9.2.3. Geographical Share; 11.9.2.4. Business Segment Share; 11.9.2.5. Recent Developments; 11.10. LEDtronics, Inc.; 11.10.1. Overview; 11.10.1.1. Key Management; 11.10.1.2. Headquarters; 11.10.1.3. Offerings/Business Segments; 11.10.2. Key Details (Key details are consolidated data and not product/service specific); 11.10.2.1. Employee Size; 11.10.2.2. Past and Current Revenue; 11.10.2.3. Geographical Share; 11.10.2.4. Business Segment Share; 11.10.2.5. Recent Developments; 11.11. Acuity Brands, Inc.; 11.11.1. Overview; 11.11.1.1. Key Management; 11.11.1.2. Headquarters; 11.11.1.3. Offerings/Business Segments; 11.11.2. Key Details (Key details are consolidated data and not product/service specific); 11.11.2.1. Employee Size; 11.11.2.2. Past and Current Revenue; 11.11.2.3. Geographical Share; 11.11.2.4. Business Segment Share; 11.11.2.5. Recent Developments