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.
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.
One challenge in the market is high average cost per LED fixture. Though the total cost of owning LED lamps and fixtures is low compared with traditional incandescent and halogen bulbs, the high initial cost acts as a hindrance. The total cost of installation includes the cost of LED luminaires and labor cost. In addition, consumers who install smart lighting fixtures require a huge amount of money for the Internet of Things (IoT) infrastructure.
The global General Lighting market was valued at xx million US$ in 2018 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on General Lighting volume and value at global level, regional level and company level. From a global perspective, this report represents overall General Lighting market size by analyzing historical data and future prospect.
Regionally, this report categorizes the production, apparent consumption, export and import of General Lighting in North America, Europe, China, Japan, Southeast Asia and India.
For each manufacturer covered, this report analyzes their General Lighting manufacturing sites, capacity, production, ex-factory price, revenue and market share in global market.
The following manufacturers are covered:
Acuity Brands
Cree
Eaton
General Electric
Koninklijke Philips
Osram
Panasonic
...
Segment by Regions
North America
Europe
China
Japan
Southeast Asia
India
Summary: Get latest Market Research Reports on General Lighting. Industry analysis & Market Report on General Lighting is a syndicated market report, published as Global General Lighting Market Professional Survey Report 2019. It is complete Research Study and Industry Analysis of General Lighting market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.