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PUBLISHER: Polaris Market Research | PRODUCT CODE: 1421792
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1421792
Bulb Market Share, Size, Trends, Industry Analysis Report, By Type (Incandescent Bulbs, Fluorescent Bulbs, CFLs, Halogens, LEDs); By Application; By Region; Segment Forecast, 2023- 2032
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The global bulb market size is expected to reach USD 89.73 billion by 2032, according to a new study by Polaris Market Research. The report "Bulb Market Share, Size, Trends, Industry Analysis Report, By Type (Incandescent Bulbs, Fluorescent Bulbs, CFLs, Halogens, LEDs); By Application; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The growing innovations driven by rising research and development activities among key market players are boosting the expansion of the global market. Sengled introduced its smart health monitoring light bulb A19. It is equipped with radar technology and a dual-system (WiFi/Bluetooth) health monitoring bulb. This smart bulb enables users to monitor their sleep, track vitals, & detect falls. As companies come forward to innovate and renovate new bulbs with technological advancements, this will further drive demand from consumers, which, in a way, will contribute to the growth of the global bulb market in the coming years.
Furthermore, the growth of the Internet of Things created new growth opportunities for bulbs as it enabled the control of the use of electrical appliances, including lights, refrigerators, coffee makers, and more, with gadgets. This will further fuel the demand and growth of the bulb market in the coming years.
The evolution of technological innovations, from the initial incandescent bulb by Thomas Edison to the latest LED lights, has changed the way we illuminate houses and our surroundings. The rising technological adoption is further expected to fuel the growth of the bulb with the latest product designs by scientists to cater to ongoing consumer needs. Furthermore, the developments in bulb technology not only assist users in saving energy costs but also cut down on greenhouse gas emissions at the global level.
According to the US Department of Energy, with the growing adoption of LED lights across the nation, by 2027, it can save around 348 TWh of electricity. Lower consumption of energy can contribute to environmental sustainability as it reduces the emission of greenhouse gases. Governments are initiating new policies to fuel research activities on developing efficient bulbs to save energy, along with the intention of improving the availability of bulbs to the population. This will further enhance the market outreach of bulbs and fuel the growth of the global market in the next few years.
Bulb Market Report Highlights
The LED segment is anticipated to witness the highest growth due to its ability to cut energy costs.
Automobile headlights held the largest share owing to the growing need for bulbs in vehicles to increase safety at night.
Asia Pacific will grow at a rapid pace, owing to favorable government initiatives to promote energy-efficient bulbs
North America is expected to have the fastest growth owing to the rising environmental concerns attributable to the higher energy consumables.
The global players include: Acuity Brands, Cree, Eaton, Everlight Electronics, GE Lighting, Osram, Philips Lighting, Seoul Semiconductor & Zumtobel Group.
Polaris Market Research has segmented the bulb market report based on type, application and region:
Bulb, Type Outlook (Revenue - USD Billion, 2019 - 2032)
- Incandescent Bulbs
- Fluorescent Bulbs
- CFLs
- Halogens
- LEDs
Bulb, Application Outlook (Revenue - USD Billion, 2019 - 2032)
- Lamps & Light Bulbs
- Operation Theatre (OT Instruments)
- Torchlights and Flashlights
- Automobile Headlights
- Mining Headgears
- Others
Bulb, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Product Code: PM4113
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Bulb Market Insights
- 4.1. Bulb Market - Industry Snapshot
- 4.2. Bulb Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising product innovations in the global space
- 4.2.1.2. Smart Lighting Solutions and Home Automation Trends
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Energy-Efficiency Transition
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Bulb Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Bulb Market, by Product Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Bulb, by Product Type, 2019-2032 (USD Billion)
- 5.3. Incandescent Bulbs
- 5.3.1. Global Bulb Market, by Incandescent Bulbs, by Region, 2019-2032 (USD Billion)
- 5.4. Fluorescent Bulbs
- 5.4.1. Global Bulb Market, by Fluorescent Bulbs, by Region, 2019-2032 (USD Billion)
- 5.3. CFLs
- 5.3.1. Global Bulb Market, by CFLs, by Region, 2019-2032 (USD Billion)
- 5.4. Halogens
- 5.4.1. Global Bulb Market, by Halogens, by Region, 2019-2032 (USD Billion)
- 5.3. LEDs
- 5.3.1. Global Bulb Market, by LEDs, by Region, 2019-2032 (USD Billion)
6. Global Bulb Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Bulb Market, by Application, 2019-2032 (USD Billion)
- 6.3. Lamps & Light Bulbs
- 6.3.1. Global Bulb Market, by Lamps & Light Bulbs, by Region, 2019-2032 (USD Billion)
- 6.4. Operation Theatre (OT Instruments)
- 6.4.1. Global Bulb Market, by Operation Theatre (OT Instruments), by Region, 2019-2032 (USD Billion)
- 6.5. Torchlights and Flashlights
- 6.5.1. Global Bulb Market, by Torchlights and Flashlights, by Region, 2019-2032 (USD Billion)
- 6.6. Automobile Headlights
- 6.6.1. Global Bulb Market, by Automobile Headlights, by Region, 2019-2032 (USD Billion)
- 6.7. Mining Headgears
- 6.7.1. Global Bulb Market, by Mining Headgears, by Region, 2019-2032 (USD Billion)
- 6.8. Others
- 6.8.1. Global Bulb Market, by Others, by Region, 2019-2032 (USD Billion)
7. Global Bulb Market, by Geography
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. Bulb Market Assessment, By Geography, 2019-2032 (USD Billion)
- 7.3. Bulb Market - North America
- 7.3.1. North America: Bulb Market, by Application, 2019-2032 (USD Billion)
- 7.3.2. North America: Bulb Market, by Product Type, 2019-2032 (USD Billion)
- 7.3.3. Bulb Market - U.S.
- 7.3.3.1. U.S.: Bulb Market, by Application, 2019-2032 (USD Billion)
- 7.3.3.2. U.S.: Bulb Market, by Product Type, 2019-2032 (USD Billion)
- 7.3.4. Bulb Market - Canada
- 7.3.4.1. Canada: Bulb Market, by Application, 2019-2032 (USD Billion)
- 7.3.4.2. Canada: Bulb Market, by Product Type, 2019-2032 (USD Billion)
- 7.4. Bulb Market - Europe
- 7.4.1. Europe: Bulb Market, by Application, 2019-2032 (USD Billion)
- 7.4.2. Europe: Bulb Market, by Product Type, 2019-2032 (USD Billion)
- 7.4.3. Bulb Market - UK
- 7.4.3.1. UK: Bulb Market, by Application, 2019-2032 (USD Billion)
- 7.4.3.2. UK: Bulb Market, by Product Type, 2019-2032 (USD Billion)
- 7.4.4. Bulb Market - France
- 7.4.4.1. France: Bulb Market, by Application, 2019-2032 (USD Billion)
- 7.4.4.2. France: Bulb Market, by Product Type, 2019-2032 (USD Billion)
- 7.4.5. Bulb Market - Germany
- 7.4.5.1. Germany: Bulb Market, by Application, 2019-2032 (USD Billion)
- 7.4.5.2. Germany: Bulb Market, by Product Type, 2019-2032 (USD Billion)
- 7.4.6. Bulb Market - Italy
- 7.4.6.1. Italy: Bulb Market, by Application, 2019-2032 (USD Billion)
- 7.4.6.2. Italy: Bulb Market, by Product Type, 2019-2032 (USD Billion)
- 7.4.7. Bulb Market - Spain
- 7.4.7.1. Spain: Bulb Market, by Application, 2019-2032 (USD Billion)
- 7.4.7.2. Spain: Bulb Market, by Product Type, 2019-2032 (USD Billion)
- 7.4.8. Bulb Market - Netherlands
- 7.4.8.1. Netherlands: Bulb Market, by Application, 2019-2032 (USD Billion)
- 7.4.8.2. Netherlands: Bulb Market, by Product Type, 2019-2032 (USD Billion)
- 7.4.9. Bulb Market - Russia
- 7.4.9.1. Russia: Bulb Market, by Application, 2019-2032 (USD Billion)
- 7.4.9.2. Russia: Bulb Market, by Product Type, 2019-2032 (USD Billion)
- 7.5. Bulb Market - Asia Pacific
- 7.5.1. Asia Pacific: Bulb Market, by Application, 2019-2032 (USD Billion)
- 7.5.2. Asia Pacific: Bulb Market, by Product Type, 2019-2032 (USD Billion)
- 7.5.3. Bulb Market - China
- 7.5.3.1. China: Bulb Market, by Application, 2019-2032 (USD Billion)
- 7.5.3.2. China: Bulb Market, by Product Type, 2019-2032 (USD Billion)
- 7.5.4. Bulb Market - India
- 7.5.4.1. India: Bulb Market, by Application, 2019-2032 (USD Billion)
- 7.5.4.2. India: Bulb Market, by Product Type, 2019-2032 (USD Billion)
- 7.5.5. Bulb Market - Malaysia
- 7.5.5.1. Malaysia: Bulb Market, by Application, 2019-2032 (USD Billion)
- 7.5.5.2. Malaysia: Bulb Market, by Product Type, 2019-2032 (USD Billion)
- 7.5.6. Bulb Market - Japan
- 7.5.6.1. Japan: Bulb Market, by Application, 2019-2032 (USD Billion)
- 7.5.6.2. Japan: Bulb Market, by Product Type, 2019-2032 (USD Billion)
- 7.5.7. Bulb Market - Indonesia
- 7.5.7.1. Indonesia: Bulb Market, by Application, 2019-2032 (USD Billion)
- 7.5.7.2. Indonesia: Bulb Market, by Product Type, 2019-2032 (USD Billion)
- 7.5.8. Bulb Market - South Korea
- 7.5.8.1. South Korea: Bulb Market, by Application, 2019-2032 (USD Billion)
- 7.5.8.2. South Korea: Bulb Market, by Product Type, 2019-2032 (USD Billion)
- 7.6. Bulb Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Bulb Market, by Application, 2019-2032 (USD Billion)
- 7.6.2. Middle East & Africa: Bulb Market, by Product Type, 2019-2032 (USD Billion)
- 7.6.3. Bulb Market - Saudi Arabia
- 7.6.3.1. Saudi Arabia: Bulb Market, by Application, 2019-2032 (USD Billion)
- 7.6.3.2. Saudi Arabia: Bulb Market, by Product Type, 2019-2032 (USD Billion)
- 7.6.4. Bulb Market - UAE
- 7.6.4.1. UAE: Bulb Market, by Application, 2019-2032 (USD Billion)
- 7.6.4.2. UAE: Bulb Market, by Product Type, 2019-2032 (USD Billion)
- 7.6.5. Bulb Market - Israel
- 7.6.5.1. Israel: Bulb Market, by Application, 2019-2032 (USD Billion)
- 7.6.5.2. Israel: Bulb Market, by Product Type, 2019-2032 (USD Billion)
- 7.6.6. Bulb Market - South Africa
- 7.6.6.1. South Africa: Bulb Market, by Application, 2019-2032 (USD Billion)
- 7.6.6.2. South Africa: Bulb Market, by Product Type, 2019-2032 (USD Billion)
- 7.7. Bulb Market - Latin America
- 7.7.1. Latin America: Bulb Market, by Application, 2019-2032 (USD Billion)
- 7.7.2. Latin America: Bulb Market, by Product Type, 2019-2032 (USD Billion)
- 7.7.3. Bulb Market - Mexico
- 7.7.3.1. Mexico: Bulb Market, by Application, 2019-2032 (USD Billion)
- 7.7.3.2. Mexico: Bulb Market, by Product Type, 2019-2032 (USD Billion)
- 7.7.4. Bulb Market - Brazil
- 7.7.4.1. Brazil: Bulb Market, by Application, 2019-2032 (USD Billion)
- 7.7.4.2. Brazil: Bulb Market, by Product Type, 2019-2032 (USD Billion)
- 7.7.5. Bulb Market - Argentina
- 7.7.5.1. Argentina: Bulb Market, by Application, 2019-2032 (USD Billion)
- 7.7.5.2. Argentina: Bulb Market, by Product Type, 2019-2032 (USD Billion)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. Acuity Brands
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. Cree
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. Eaton
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. Everlight Electronics
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. GE Lighting
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. Nichia Corporation
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. Osram
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. Philips Lighting
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. Seoul Semiconductor
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. Zumtobel Group
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
Product Code: PM4113
List of Tables
- Table 1 Global Bulb Market, by Application, 2019-2032 (USD Billion)
- Table 2 Global Bulb Market, by Product Type, 2019-2032 (USD Billion)
- Table 3 Bulb Market Assessment, By Geography, 2019-2032 (USD Billion)
- Table 4 North America: Bulb Market, by Application, 2019-2032 (USD Billion)
- Table 5 North America: Bulb Market, by Product Type, 2019-2032 (USD Billion)
- Table 6 U.S.: Bulb Market, by Application, 2019-2032 (USD Billion)
- Table 7 U.S.: Bulb Market, by Product Type, 2019-2032 (USD Billion)
- Table 8 Canada: Bulb Market, by Application, 2019-2032 (USD Billion)
- Table 9 Canada: Bulb Market, by Product Type, 2019-2032 (USD Billion)
- Table 10 Europe: Bulb Market, by Application, 2019-2032 (USD Billion)
- Table 11 Europe: Bulb Market, by Product Type, 2019-2032 (USD Billion)
- Table 12 UK: Bulb Market, by Application, 2019-2032 (USD Billion)
- Table 13 UK: Bulb Market, by Product Type, 2019-2032 (USD Billion)
- Table 14 France: Bulb Market, by Application, 2019-2032 (USD Billion)
- Table 15 France: Bulb Market, by Product Type, 2019-2032 (USD Billion)
- Table 16 Germany: Bulb Market, by Application, 2019-2032 (USD Billion)
- Table 17 Germany: Bulb Market, by Product Type, 2019-2032 (USD Billion)
- Table 18 Italy: Bulb Market, by Application, 2019-2032 (USD Billion)
- Table 19 Italy: Bulb Market, by Product Type, 2019-2032 (USD Billion)
- Table 20 Spain: Bulb Market, by Application, 2019-2032 (USD Billion)
- Table 21 Spain: Bulb Market, by Product Type, 2019-2032 (USD Billion)
- Table 22 Netherlands: Bulb Market, by Application, 2019-2032 (USD Billion)
- Table 23 Netherlands: Bulb Market, by Product Type, 2019-2032 (USD Billion)
- Table 24 Russia: Bulb Market, by Application, 2019-2032 (USD Billion)
- Table 25 Russia: Bulb Market, by Product Type, 2019-2032 (USD Billion)
- Table 26 Asia Pacific: Bulb Market, by Application, 2019-2032 (USD Billion)
- Table 27 Asia Pacific: Bulb Market, by Product Type, 2019-2032 (USD Billion)
- Table 28 China: Bulb Market, by Application, 2019-2032 (USD Billion)
- Table 29 China: Bulb Market, by Product Type, 2019-2032 (USD Billion)
- Table 30 India: Bulb Market, by Application, 2019-2032 (USD Billion)
- Table 31 India: Bulb Market, by Product Type, 2019-2032 (USD Billion)
- Table 32 Malaysia: Bulb Market, by Application, 2019-2032 (USD Billion)
- Table 33 Malaysia: Bulb Market, by Product Type, 2019-2032 (USD Billion)
- Table 34 Japan: Bulb Market, by Application, 2019-2032 (USD Billion)
- Table 35 Japan: Bulb Market, by Product Type, 2019-2032 (USD Billion)
- Table 36 Indonesia: Bulb Market, by Application, 2019-2032 (USD Billion)
- Table 37 Indonesia: Bulb Market, by Product Type, 2019-2032 (USD Billion)
- Table 38 South Korea: Bulb Market, by Application, 2019-2032 (USD Billion)
- Table 39 South Korea: Bulb Market, by Product Type, 2019-2032 (USD Billion)
- Table 40 Middle East & Africa: Bulb Market, by Application, 2019-2032 (USD Billion)
- Table 41 Middle East & Africa: Bulb Market, by Product Type, 2019-2032 (USD Billion)
- Table 42 Saudi Arabia: Bulb Market, by Application, 2019-2032 (USD Billion)
- Table 43 Saudi Arabia: Bulb Market, by Product Type, 2019-2032 (USD Billion)
- Table 44 UAE: Bulb Market, by Application, 2019-2032 (USD Billion)
- Table 45 UAE: Bulb Market, by Product Type, 2019-2032 (USD Billion)
- Table 46 Israel: Bulb Market, by Application, 2019-2032 (USD Billion)
- Table 47 Israel: Bulb Market, by Product Type, 2019-2032 (USD Billion)
- Table 48 South Africa: Bulb Market, by Application, 2019-2032 (USD Billion)
- Table 49 South Africa: Bulb Market, by Product Type, 2019-2032 (USD Billion)
- Table 50 Latin America: Bulb Market, by Application, 2019-2032 (USD Billion)
- Table 51 Latin America: Bulb Market, by Product Type, 2019-2032 (USD Billion)
- Table 52 Mexico: Bulb Market, by Application, 2019-2032 (USD Billion)
- Table 53 Mexico: Bulb Market, by Product Type, 2019-2032 (USD Billion)
- Table 54 Brazil: Bulb Market, by Application, 2019-2032 (USD Billion)
- Table 55 Brazil: Bulb Market, by Product Type, 2019-2032 (USD Billion)
- Table 56 Argentina: Bulb Market, by Application, 2019-2032 (USD Billion)
- Table 57 Argentina: Bulb Market, by Product Type, 2019-2032 (USD Billion)
List of Figures
- Figure 1 Global Bulb Market, 2019-2032 (USD Billion)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Geography
- Figure 5 Porter's Five Forces
- Figure 6 Market by Application
- Figure 7 Global Bulb Market, by Application, 2022 & 2032 (USD Billion)
- Figure 8 Market by Product Type
- Figure 9 Global Bulb Market, by Product Type, 2022 & 2032 (USD Billion)
- Figure 10 Bulb Market Assessment, By Geography, 2019-2032 (USD Billion)
- Figure 11 Strategic Analysis - Bulb Market
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