Lighting Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

The lighting industry has been witnessing revolutions in terms of products and technology. Lighting today has become quintessential, and advancements in the lighting technology have made the lighting market more expandable. Thus, several new companies are entering the lighting industry, fueling the growth of the lighting market in the years to come.

MARKET DYNAMICS

The lighting market is anticipated to grow in the forecast period owing to driving factors such as increasing building and construction activities coupled with demand for power-efficient illuminating systems. Reduction in prices of LED is further likely to augment market growth. However, the development of wireless technology is expected to offer a lucrative opportunity for the major players involved in the lighting market during the forecast period.

MARKET SCOPE

The "Global Lighting Market Analysis to 2031" is a specialized and in-depth study of the electronics and semiconductors industry with a special focus on the global market trend analysis. The report aims to provide an overview of lighting market with detailed market segmentation by type, application, technology, industry vertical, and geography. The global lighting market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading lighting market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global lighting market is segmented on the basis of type, application, technology, and industry vertical. Based on type, the market is segmented as Electrically-powered and Solar-powered. On the basis of the application the market is segmented as architectural lighting, signage, backlight, outdoor lighting, and others. By technology, the market is segmented as CFL, fluorescent, halogen, high intensity discharge (HID), light emitting diode (LED), and organic light emitting diode (OLED). The market on the basis of the industry vertical is classified as automotive, retail, corporate and government, hospitality, healthcare, marine and aerospace, agriculture, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global lighting market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The lighting market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting lighting market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the lighting market in these regions.

MARKET PLAYERS

The reports cover key developments in the lighting market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from lighting market are anticipated to lucrative growth opportunities in the future with the rising demand for lighting in the global market. Below mentioned is the list of few companies engaged in the lighting market.

The report also includes the profiles of key lighting companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.

• Acuity Brands, Inc.
• Cree, Inc.
• Crompton Greaves Consumer Electricals Ltd.
• Dialight
• GE Lighting
• Hubbell Incorporated
• Infineon Technologies AG
• Lutron Electronics Co., Inc.
• Osram Licht AG
• Signify Holding

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Lighting Report Scope