PUBLISHER: TechNavio | PRODUCT CODE: 1714121
PUBLISHER: TechNavio | PRODUCT CODE: 1714121
The general lighting market is forecasted to grow by USD 68.9 bn during 2024-2029, accelerating at a CAGR of 8.1% during the forecast period. The report on the general lighting 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 declining manufacturing cost of leds, growing adoption of energy-efficient lighting technologies, and growing demand for leds from the automotive sector.
Market Scope | |
---|---|
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 7.3% |
CAGR | 8.1% |
Incremental Value | $68.9 bn |
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 size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's general lighting market is segmented as below:
By Product
By Application
By Geographical Landscape
This study identifies the growing number of households and urbanization as one of the prime reasons driving the general lighting market growth during the next few years. Also, growing traction of intelligent lighting systems and growing guidelines and government policies for smart lighting will lead to sizable demand in the market.
The report on the general lighting market covers the following areas:
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 general lighting market vendors that include Acuity Brands Inc., Advanced Lighting Technologies LLC, Bridgelux Inc., Citizen Watch Co. of America Inc., Cree Lighting, Delta Electronics Inc., Dialight PLC, Eaton Corp. plc, General Electric Co., Hafele America Co., Hubbell Inc., Koninklijke Philips N.V., Lumens Co. Ltd., OSRAM GmbH, Panasonic Holdings Corp., Schneider Electric SE, Selux AG, Signify NV, Wipro Ltd., and Zumtobel Group AG. Also, the general lighting 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 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.
Exhibits: