Global Lamps Market 2024-2028
Lamps Market 2024-2028
The lamps market is forecasted to grow by USD 3290.7 mn during 2023-2028, accelerating at a CAGR of 4.3% during the forecast period. The report on the lamps market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising household income, growth of construction industry, and rapid urbanization.
Technavio's lamps market is segmented as below:
By Type
- Decorative lamp
- Reading lamp
By Application
By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
This study identifies the government initiatives toward sustainability as one of the prime reasons driving the lamps market growth during the next few years. Also, seasonal demand for decorative lamps and mergers and acquisitions will lead to sizable demand in the market.
The report on the lamps market covers the following areas:
- Lamps Market sizing
- Lamps Market forecast
- Lamps Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading lamps market vendors that include Acuity Brands Inc., ams OSRAM AG, Cree LED, Crompton Greaves Consumer Electricals Ltd., Eaton Corp plc, Foshan Electrical and Lighting Co Ltd., General Electric Co., Havells India Ltd., Heliospectra AB, Koninklijke Philips N.V., LEDtronics Inc., MillerKnoll Inc., NVC Lighting Ltd., Opple Lighting Co. Ltd., Panasonic Holdings Corp., Patriot Lighting, Samsung Electronics Co. Ltd., Schneider Electric SE, SORAA, and Toshiba Corp.. Also, the lamps market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.