Global General Lighting Market Growth 2023-2029

Global General Lighting Market Growth 2023-2029

The lighting industry includes general lighting, automotive lighting, and backlighting. General lighting is based on fixed light source installations, which deliver a practical or aesthetic lighting effect. CFLs, LFLs, HID lights, and LEDs are some of the major general lighting products.

LPI (LP Information)' newest research report, the “General Lighting Industry Forecast” looks at past sales and reviews total world General Lighting sales in 2022, providing a comprehensive analysis by region and market sector of projected General Lighting sales for 2023 through 2029. With General Lighting sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world General Lighting industry.

This Insight Report provides a comprehensive analysis of the global General Lighting landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on General Lighting portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global General Lighting market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for General Lighting and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global General Lighting.

The global General Lighting market size is projected to grow from US$ 31290 million in 2022 to US$ 42170 million in 2029; it is expected to grow at a CAGR of 42170 from 2023 to 2029.

One trend in the market is growing number of households and urbanization. The rapid urbanization worldwide, particularly in emerging economies, is leading to the increasing demand for lighting devices from a growing number of households. The residential segment is one of the major contributors to the growing demand for lighting devices. One driver in the market is the declining manufacturing cost of LEDs. The manufacturing cost of LEDs has declined since 2012 and will continue to decline during the forecast period. This is mainly because of the declining ASP of chips and components used in the manufacturing process of LED devices. The decline in the manufacturing cost of LEDs is leading to a decrease in the initial installation cost of LED lamps and fixtures.

This report presents a comprehensive overview, market shares, and growth opportunities of General Lighting market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Traditional Lighting
LED Lighting

Segmentation by application
Residential
Commercial

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Neff-Perkins Company
Ashtabula Rubber Co
Seals Eastern, Inc
Enbi
Timco Rubber
Dunnage Engineering
KPM Plasto Rubber Co
Athena
HUEHOCO Group
Star-Glo Industries, Inc
Hoffmann GmbH
MikronPMP Aerospace
The Western Group
Teamful
CALVOSEALING
UK Seals & Polymers Ltd
Gorman
KN Rubber LLC
I.B. Moore Co., Inc
Associated Rubber, Inc
Isolation Technology, Inc
Industrial Molded Rubber Products (IMR)
Western Wire of Texas
Chengdu Junma Sealing Technology Co.,Ltd
Rubber Concept (RC)
RD Rubber Technology Corporation
Pierce-Roberts Rubber Company

Key Questions Addressed in this Report

What is the 10-year outlook for the global General Lighting market?

What factors are driving General Lighting market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do General Lighting market opportunities vary by end market size?

How does General Lighting break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.