Press Release

Lighting Market Worth $115.58 Billion By 2026 | CAGR 4.4%

Lighting Market 2019 Trend, Growth, Demand, Size, Segmentation and Opportunities Forecast To 2026

According to a new report by Fortune Business Insights, titled “Lighting Market Size, Share & Industry Analysis, By Lighting Type (LEDs, CFLs, LFLs, HIDs, Halogens and Incandescent), By Application (General Lighting, Automotive Lighting, Backlighting, Others), by End User (Residential, Commercial and Industrial) and Regional Forecasts, 2019-2026”.

The global lighting market is set to reach USD 115.58 billion by 2026, exhibiting a CAGR of 4.4% during the forecast period.

Key players in the global lighting market are increasingly focusing on developing innovative products and integrating different technologies to diversify their product offerings.

Some of the important players in the global lighting market, as identified by Fortune Business Insights, include:

  • Cree, Inc.
  • Panasonic Corporation
  • GE Lighting
  • LED Leader USA
  • OSRAM Licht AG
  • Koninklijke Philips N.V.
  • LEDtronics, Inc.
  • CITIZEN ELECTRONICS CO., LTD.
  • Havells India Ltd.

Browse Complete Report – https://www.fortunebusinessinsights.com/industry-reports/lighting-market-101542

In January 2019, GE Lighting, under its C by GE Triples portfolio, launched its new color light bulbs integrated with Made for Google applications. This enables consumers to conveniently control their home or workplace lighting using one app which will be empowered by the Google Assistant AI. In July 2019, LEDtronics introduced their novel product, LED Rope Light, which is a more energy-efficient alternative to the conventional neon lights, making it ideal for commercial lighting.

Multiple Benefits of LED Lighting to Boost the Market

Light Emitting Diodes (LED) are energy-efficient light bulbs that use electro-luminescence and semiconductors to produce light, offering a variety of economic and ecological benefits. For example, the US Department of Energy estimates that 20% of energy consumption in the US comes from lighting. The department’s calculations suggest that LEDs can reduce lighting costs to just 5% of the total household energy consumption in the US. Moreover, LEDs have a long shelf life. For example, a 6 to 8 Watt LED bulb has a lumen output of 800 and has the ability to last for 50,000 hours; the traditional incandescent bulb lasts just 1200 hours.

Market Segmentation Of Global Lighting Market –

By Lighting Type

  • LEDs
  • CFLs
  • LFLs
  • HIDs
  • Halogens
  • Incandescent

By Application

  • General Lighting
  • Automotive Lighting
  • Backlighting
  • Others

By Geography

  • North America (U.S. and Canada)
  • Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
  • Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
  • Latin America (Brazil, Mexico, and Rest of Latin America)

Sample PDF Brochure –https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/lighting-market-101542

Major Table of Contents:

  1. Introduction
    1. Definition, By Segment
    2. Research Approach
    3. Sources
  2. Executive Summary
  3. Market Dynamics
    1. Drivers, Restraints and Opportunities
    2. Emerging Trends of Market
  4. Key Insights
    1. Macro and Micro Economic Factors
    2. Key Technological Developments
    3. Consolidated SWOT Analysis of Key Players
    4. Porter’s Five Forces Analysis
  5. Global Lighting Market Analysis, Insights and Forecast, 2015-2026
    1. Key Findings / Summary
    2. Market Sizing Estimations and Forecasts – By Lighting (Value and Volume)
      1. LEDs
      2. CFLs
      3. LFLs
      4. HIDs
      5. Halogens
      6. Incandescent
    3. Market Sizing Estimations and Forecasts – By Application (Value)
      1. General Lighting
      2.  Automotive Lighting
      3.  Backlighting
      4.  Others
    4. Market Sizing Estimations and Forecasts – By End User (Value)
      1. Residential
      2.  Commercial
      3.  Industrial
    5. Market Analysis, Insights and Forecast – By Geography (Value and Volume)
      1. North America
      2. Europe
      3. Asia Pacific
      4. Middle East and Africa
      5. Latin America

TOC Continued…!

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Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

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Ruby Arterburn

Ruby is leading the team writing for artificial intelligence. She is a newcomer in the organization and has already made her base and reputation with her hard work and her efficiency towards her field. Being a student of computer science it has become easier for her to understand the objectives and the expected results of this column. She is also an excellent cook, and now and then, and we get the opportunity to taste her deliciously baked cookies.

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