28 February 2019:
Lighting
Product Market was million US$ in 2018 and is expected to
million US$ by the end of 2024, growing at a CAGR of between 2019 and 2024.This
report studies the Lighting Product market size (value and volume) by players,
regions, product types and end industries, history data 2014-2018 and forecast
data 2019-2024; This report also studies the global Lighting Product market
competition landscape, market drivers and trends, opportunities and challenges,
risks and entry barriers, sales channels, distributors and Porter's Five Forces
Analysis.
Global Lighting Product Market is expected to grow at a
significant CAGR in the upcoming period as the scope and its applications are
rising enormously across the globe. Lighting product uses the power source to
achieve a practical or aesthetic effect. Electrical lighting products comprise
electronic ballasts, incandescent lamps, ferromagnetic (fluorescent lighting),
luminaires, and LED lighting.
Read the full report:
https://www.millioninsights.com/industry-reports/lighting-product-market/request-sample
The factors that are playing a major role in the growth of
market are rising technological enhancement in lighting products, growing
population, and rapid urbanization in emerging countries, and government
initiatives like smart cities across the APAC countries. However, lack of
awareness among populace regarding the efficient utilization of energy may
restrain overall market growth in the years to come. Lighting product market is
segmented based on product type, component, application, and region.
Electric discharge lamps and arc lamps are the product types
that could be explored in the forecast period. Arc lamps sector comprises
tungsten halogen lamps, infrared and ultraviolet lamps, and sealed beam lamps.
On the other hand, the electric discharge lamps sector comprises Portable
electric lamps, Electric ceiling and wall lights, and Electric floor, table,
desk, and bedside lamps.
Lighting Fixture and standalone are the components could be
explored in the forecast period. Lightening fixture sector comprises strip
light fixture, recessed lighting fixture, and ceiling fixture. Whereas standalone
sector comprises T8 led bulbs & tubes, led tubes and bulbs, and others. Led
tubes and bulbs sector accounted for the substantial market share of lighting
product and are estimated to lead the overall market in the years to come.
The key players of lighting product market are FSL, Philips
Electronic, OPPLE, GE Lighting, Hafele, Panasonic, LSI Industries, CREE, DECO
Lighting, OSRAM, Acuity Brands, SAMSUNG, PAK, and Toshiba. These players are
concentrating on inorganic growth to sustain themselves amidst fierce
competition.
For detailed
Information of Market Dynamics, Size, Trends, Visit our report at: https://www.millioninsights.com/industry-reports/lighting-product-market
Lighting Product
Market by Geographical Regions:-
•
North America
•
Europe
•
Asia Pacific
•
Middle East and Africa
•
South America
The market data is given for the following product segments:
•
Arc-lamps
•
Infra-red and ultra-violet lamps
•
Sealed beam lamps
•
Tungsten halogen lamps
•
Other
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