NEW YORK, Oct. 25, 2021 /PRNewswire/ -- The lighting market size is expected to increase by USD 16.32 bn from 2021 to 2025, registering a CAGR of 3.36%. Technavio analyzes the market by type (LED technology and traditional technology), geography (APAC, Europe, North America, South America, and MEA), and application (general lighting, automotive lighting, and backlighting). This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
The lighting market report offers a comprehensive analysis of the strategies adopted by vendors and the trends, drivers, and challenges affecting the market size. Strong government support and incentive programs are expected to have a positive impact on the growth of the lighting market during the forecast period.
LED Industrial Lighting Market: The LED industrial lighting market has been segmented by product (lamps and luminaires), type (lamp and luminaire), and geography (APAC, Europe, North America, South America, and MEA). Download Free Sample Report
Industrial Lighting Market: The industrial lighting market has been segmented by type (LED technology and traditional technology) and geography (APAC, Europe, North America, South America, and MEA). Download Free Sample Report
Lighting Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 3.36%
Market growth 2021-2025
USD 16.32 billion
YoY growth (%)
APAC, Europe, North America, South America, and MEA
Performing market contribution
APAC at 45%
Key consumer countries
US, China, Germany, Japan, and UK
Leading companies, competitive strategies, consumer engagement scope
Acuity Brands Inc., HELLA GmbH and Co. KGaA, Hubbell Inc., IDEAL INDUSTRIES INC., Marelli Holdings Co. Ltd., Nichia Corp., OSRAM GmbH, Signify NV, Stanley Electric Co. Ltd., and Zumtobel Group AG
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period
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