The global general lighting market is estimated to grow by USD 30.50 billion during 2020-2024, progressing at a CAGR of over 5% during the forecast period.
Factors such as the declining manufacturing cost of LEDs and the growing adoption of energy-efficient lighting technologies will be crucial in driving the growth of the market. But the high average cost per led fixture will restrict the market growth.
The emergence of new technologies will have a positive impact on the growth of vendors. On the other hand, the ban on incandescent bulbs in several countries is expected to reduce the growth potential in the market.
The general lighting market report provides complete insights on key vendors including Acuity Brands Inc., Advanced Lighting Technologies LLC, Cree Inc., Dialight Plc, Eaton Corp. Plc, General Electric Co., OSRAM GmbH, Panasonic Corp., Schneider Electric SE, and Signify NV.
The report includes the competitive scenario, which analyzes and evaluates the position of companies based on their industry position score and market performance score. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
By product, the market is classified into LED lighting and traditional lighting. The LED lighting segment will offer significant opportunities during the forecast period.
By Geography, the market is classified as APAC, Europe, North America, MEA, and South America. APAC will have the largest share of the market.
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Key Topics Covered:
Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Five Forces Summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Product
Comparison by Product placement
LED lighting - Market size and forecast 2019-2024
Traditional lighting - Market size and forecast 2019-2024
Market opportunity by Product
Market Segmentation by Application
Comparison by Application placement
Residential - Market size and forecast 2019-2024
Commercial - Market size and forecast 2019-2024
Outdoor - Market size and forecast 2019-2024
Industrial - Market size and forecast 2019-2024
Others - Market size and forecast 2019-2024
Market opportunity by Application
APAC - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
North America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Drivers, Challenges, and Trends
Volume driver - Demand led growth
Volume driver - Supply led growth
Volume driver - External factors
Volume driver - Demand shift in adjacent markets
Price driver - Inflation
Price driver - Shift from lower to higher priced units
Market positioning of vendors
Acuity Brands Inc.
Advanced Lighting Technologies LLC
Eaton Corp. Plc
General Electric Co.
Schneider Electric SE
Scope of the report
Currency conversion rates for US$
List of abbreviations
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