Abstract
Summary
The electric lighting equipment market valued for $105.3 billion in 2022 and is estimated to reach $217.4 billion by 2032, exhibiting a CAGR of 7.64% from 2023 to 2032.
The electric lighting equipment consists of tools and parts that produce and regulate light for illumination. Electrical equipment used to generate light by converting electrical energy into electromagnetic radiation in the visible spectrum is known as electric lighting equipment.
Electric lighting equipment is employed in a variety of applications including the commercial, residential, and industrial sectors. Moreover, it is utilized in lighting, environments and mood, energy efficiency, media and entertainment, agriculture, and automobiles. They can help ensure people safely navigate, reduce eye strain, and result in cost savings and reduced environmental impact market dynamics.
Owing to the increase in residential and commercial building around the world as well as the rise in the number of skyscrapers, it is projected that the market for electric lighting equipment would grow significantly over the forecast period. Electric lighting equipment is also projected to profit from lighting equipment's technological progress during the forecast period and is likely to present a market expansion opportunity. On the other side, it is projected that over the projection period, government regulation for energy efficiency standards for lighting equipment will impede market expansion.
The electric lighting equipment market is segmented on the basis of type, application, sales channel, and region. On the basis of type, the market is divided into general lighting, automotive lighting, and backlighting. Based on sales channels, the market is segregated into online and offline. Based on application the market is classified into residential, commercial, and others.
Region-wise, the electric lighting equipment market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The key players profiled in the report include General Electric, Acuity Brand Inc., Philips Lighting (Signify Holding), Stanley Electric Co Ltd., Osram GmbH, Nichia Corporation, Hubbell Incorporated, Everlight Electronics Co.ltd., Eaton Corporation plc., and Toshiba Corporation. Market players have adopted various strategies such as product launch, and acquisition, to expand their foothold in the electric lighting equipment market.
Key Benefits For Stakeholders
●This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the electric lighting equipment market analysis from 2022 to 2032 to identify the prevailing electric lighting equipment market opportunities.
●The market research is offered along with information related to key drivers, restraints, and opportunities.
●Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
●In-depth analysis of the electric lighting equipment market segmentation assists to determine the prevailing market opportunities.
●Major countries in each region are mapped according to their revenue contribution to the global market.
●Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
●The report includes the analysis of the regional as well as global electric lighting equipment market trends, key players, market segments, application areas, and market growth strategies.
Additional benefits you will get with this purchase are:
● Quarterly Update and* (only available with a corporate license, on listed price)
● 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
● Free Upcoming Version on the Purchase of Five and Enterprise User License.
● 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
● 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 20% is equivalent to 3 working days of free work, applicable once)
● Free data Pack on the Five and Enterprise User License. (Excel version of the report)
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Possible Customization with this report (with additional cost and timeline talk to the sales executive to know more)
● End user preferences and pain points
● Product Life Cycles
● Market share analysis of players by products/segments
● New Product Development/ Product Matrix of Key Players
● Additional company profiles with specific to client's interest
● Additional country or region analysis- market size and forecast
● Expanded list for Company Profiles
● Key player details (including location, contact details, supplier/vendor network etc. in excel format)
● Market share analysis of players at global/region/country level
● SWOT Analysis
Key Market Segments
By Type
● General Lighting
● Automotive Lighting
● Back Lighting
By Sales Channel
● Online
● Offline
By Application
● Residential
● Commercial
● Others
By Region
● North America
○ U.S.
○ Canada
○ Mexico
● Europe
○ UK
○ Germany
○ France
○ Rest of Europe
● Asia-Pacific
○ China
○ Japan
○ India
○ South Korea
○ Rest of Asia-Pacific
● LAMEA
○ Latin America
○ Middle East
○ Africa
● Key Market Players
○ Acuity Brand, Inc.
○ Eaton Corporation Plc
○ Everlight Electronics co.,Ltd.
○ GENERAL ELECTRIC
○ Hubbell.Inc
○ NICHIA CORPORATION
○ OSRAM GmbH.
○ Signify Holding.
○ Stanley Electric Co Ltd.
○ TOSHIBA CORPORATION
Table of Contents
1 INTRODUCTION
1.1 Report description
1.2 Key market segments
1.3 Key benefits to the stakeholders
1.4 Research Methodology
1.4.1 Primary research
1.4.2 Secondary research
1.4.3 Analyst tools and models
2 EXECUTIVE SUMMARY
2.1 CXO Perspective
3 MARKET OVERVIEW
3.1 Market definition and scope
3.2 Key findings
3.2.1 Top impacting factors
3.2.2 Top investment pockets
3.3 Porter’s five forces analysis
3.3.1 Low to high threat of new entrants
3.3.2 Moderate to high threat of substitutes
3.3.3 Low to high intensity of rivalry
3.3.4 Moderate to high bargaining power of buyers
3.3.5 Moderate to high bargaining power of suppliers
3.4 Market dynamics
3.4.1 Drivers
- 3.4.1.1 Surge in demand for smart lighting solutions
- 3.4.1.2 Rise in the number of residential and commercial construction across the globe
- 3.4.1.3 Increase in demand for energy-efficient lighting solutions
3.4.2 Restraints
- 3.4.2.1 Government regulation for energy efficiency standards
3.4.3 Opportunities
- 3.4.3.1 Technological advancement
3.5 COVID-19 Impact Analysis on the market
4 ELECTRIC LIGHTING EQUIPMENT MARKET, BY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 General Lighting
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3 Automotive Lighting
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country
4.4 Back Lighting
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market share analysis by country
5 ELECTRIC LIGHTING EQUIPMENT MARKET, BY SALES CHANNEL
5.1 Overview
5.1.1 Market size and forecast
5.2 Online
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3 Offline
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country
6 ELECTRIC LIGHTING EQUIPMENT MARKET, BY APPLICATION
6.1 Overview
6.1.1 Market size and forecast
6.2 Residential
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market share analysis by country
6.3 Commercial
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market share analysis by country
6.4 Others
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market share analysis by country
7 ELECTRIC LIGHTING EQUIPMENT MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast By Region
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 Market size and forecast, by Type
7.2.3 Market size and forecast, by Sales Channel
7.2.4 Market size and forecast, by Application
7.2.5 Market size and forecast, by country
- 7.2.5.1 U.S
- 7.2.5.1.1 Key market trends, growth factors and opportunities
- 7.2.5.1.2 Market size and forecast, by Type
- 7.2.5.1.3 Market size and forecast, by Sales Channel
- 7.2.5.1.4 Market size and forecast, by Application
- 7.2.5.2 Canada
- 7.2.5.2.1 Key market trends, growth factors and opportunities
- 7.2.5.2.2 Market size and forecast, by Type
- 7.2.5.2.3 Market size and forecast, by Sales Channel
- 7.2.5.2.4 Market size and forecast, by Application
- 7.2.5.3 Mexico
- 7.2.5.3.1 Key market trends, growth factors and opportunities
- 7.2.5.3.2 Market size and forecast, by Type
- 7.2.5.3.3 Market size and forecast, by Sales Channel
- 7.2.5.3.4 Market size and forecast, by Application
- 7.2.5.1 U.S
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Market size and forecast, by Type
7.3.3 Market size and forecast, by Sales Channel
7.3.4 Market size and forecast, by Application
7.3.5 Market size and forecast, by country
- 7.3.5.1 UK
- 7.3.5.1.1 Key market trends, growth factors and opportunities
- 7.3.5.1.2 Market size and forecast, by Type
- 7.3.5.1.3 Market size and forecast, by Sales Channel
- 7.3.5.1.4 Market size and forecast, by Application
- 7.3.5.2 Germany
- 7.3.5.2.1 Key market trends, growth factors and opportunities
- 7.3.5.2.2 Market size and forecast, by Type
- 7.3.5.2.3 Market size and forecast, by Sales Channel
- 7.3.5.2.4 Market size and forecast, by Application
- 7.3.5.3 France
- 7.3.5.3.1 Key market trends, growth factors and opportunities
- 7.3.5.3.2 Market size and forecast, by Type
- 7.3.5.3.3 Market size and forecast, by Sales Channel
- 7.3.5.3.4 Market size and forecast, by Application
- 7.3.5.4 Rest of Europe
- 7.3.5.4.1 Key market trends, growth factors and opportunities
- 7.3.5.4.2 Market size and forecast, by Type
- 7.3.5.4.3 Market size and forecast, by Sales Channel
- 7.3.5.4.4 Market size and forecast, by Application
- 7.3.5.1 UK
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Market size and forecast, by Type
7.4.3 Market size and forecast, by Sales Channel
7.4.4 Market size and forecast, by Application
7.4.5 Market size and forecast, by country
- 7.4.5.1 China
- 7.4.5.1.1 Key market trends, growth factors and opportunities
- 7.4.5.1.2 Market size and forecast, by Type
- 7.4.5.1.3 Market size and forecast, by Sales Channel
- 7.4.5.1.4 Market size and forecast, by Application
- 7.4.5.2 Japan
- 7.4.5.2.1 Key market trends, growth factors and opportunities
- 7.4.5.2.2 Market size and forecast, by Type
- 7.4.5.2.3 Market size and forecast, by Sales Channel
- 7.4.5.2.4 Market size and forecast, by Application
- 7.4.5.3 India
- 7.4.5.3.1 Key market trends, growth factors and opportunities
- 7.4.5.3.2 Market size and forecast, by Type
- 7.4.5.3.3 Market size and forecast, by Sales Channel
- 7.4.5.3.4 Market size and forecast, by Application
- 7.4.5.4 South Korea
- 7.4.5.4.1 Key market trends, growth factors and opportunities
- 7.4.5.4.2 Market size and forecast, by Type
- 7.4.5.4.3 Market size and forecast, by Sales Channel
- 7.4.5.4.4 Market size and forecast, by Application
- 7.4.5.5 Rest of Asia-Pacific
- 7.4.5.5.1 Key market trends, growth factors and opportunities
- 7.4.5.5.2 Market size and forecast, by Type
- 7.4.5.5.3 Market size and forecast, by Sales Channel
- 7.4.5.5.4 Market size and forecast, by Application
- 7.4.5.1 China
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 Market size and forecast, by Type
7.5.3 Market size and forecast, by Sales Channel
7.5.4 Market size and forecast, by Application
7.5.5 Market size and forecast, by country
- 7.5.5.1 Latin America
- 7.5.5.1.1 Key market trends, growth factors and opportunities
- 7.5.5.1.2 Market size and forecast, by Type
- 7.5.5.1.3 Market size and forecast, by Sales Channel
- 7.5.5.1.4 Market size and forecast, by Application
- 7.5.5.2 Middle East
- 7.5.5.2.1 Key market trends, growth factors and opportunities
- 7.5.5.2.2 Market size and forecast, by Type
- 7.5.5.2.3 Market size and forecast, by Sales Channel
- 7.5.5.2.4 Market size and forecast, by Application
- 7.5.5.3 Africa
- 7.5.5.3.1 Key market trends, growth factors and opportunities
- 7.5.5.3.2 Market size and forecast, by Type
- 7.5.5.3.3 Market size and forecast, by Sales Channel
- 7.5.5.3.4 Market size and forecast, by Application
- 7.5.5.1 Latin America
8 COMPETITIVE LANDSCAPE
8.1 Introduction
8.2 Top winning strategies
8.3 Product Mapping of Top 10 Player
8.4 Competitive Dashboard
8.5 Competitive Heatmap
8.6 Top player positioning, 2022
9 COMPANY PROFILES
9.1 GENERAL ELECTRIC
9.1.1 Company overview
9.1.2 Key Executives
9.1.3 Company snapshot
9.1.4 Operating business segments
9.1.5 Product portfolio
9.1.6 Business performance
9.1.7 Key strategic moves and developments
9.2 Acuity Brand, Inc
9.2.1 Company overview
9.2.2 Key Executives
9.2.3 Company snapshot
9.2.4 Operating business segments
9.2.5 Product portfolio
9.2.6 Business performance
9.2.7 Key strategic moves and developments
9.3 Stanley Electric Co Ltd
9.3.1 Company overview
9.3.2 Key Executives
9.3.3 Company snapshot
9.3.4 Operating business segments
9.3.5 Product portfolio
9.3.6 Business performance
9.4 OSRAM GmbH
9.4.1 Company overview
9.4.2 Key Executives
9.4.3 Company snapshot
9.4.4 Operating business segments
9.4.5 Product portfolio
9.4.6 Business performance
9.4.7 Key strategic moves and developments
9.5 NICHIA CORPORATION
9.5.1 Company overview
9.5.2 Key Executives
9.5.3 Company snapshot
9.5.4 Operating business segments
9.5.5 Product portfolio
9.5.6 Key strategic moves and developments
9.6 Hubbell.Inc
9.6.1 Company overview
9.6.2 Key Executives
9.6.3 Company snapshot
9.6.4 Operating business segments
9.6.5 Product portfolio
9.6.6 Business performance
9.7 Everlight Electronics co.,Ltd
9.7.1 Company overview
9.7.2 Key Executives
9.7.3 Company snapshot
9.7.4 Operating business segments
9.7.5 Product portfolio
9.7.6 Business performance
9.8 Eaton Corporation Plc
9.8.1 Company overview
9.8.2 Key Executives
9.8.3 Company snapshot
9.8.4 Operating business segments
9.8.5 Product portfolio
9.8.6 Business performance
9.9 TOSHIBA CORPORATION
9.9.1 Company overview
9.9.2 Key Executives
9.9.3 Company snapshot
9.9.4 Operating business segments
9.9.5 Product portfolio
9.9.6 Business performance
9.10 Signify Holding
9.10.1 Company overview
9.10.2 Key Executives
9.10.3 Company snapshot
9.10.4 Operating business segments
9.10.5 Product portfolio
9.10.6 Business performance
9.10.7 Key strategic moves and developments