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Lamp Market: Leading Segments and their Growth Drivers 2020-2024

Author : Ronak Bora | Published Date : 2020-09-10 

Lamp Market is expected to chart a profitable growth map over the coming years, owing to the extensive product usage across the residential, household, healthcare, commercial, hospitality, automotive, retail, and industrial sectors.

This product is heavily deployed in public spaces & highways subject to its beneficial features such as low replacement costs and less power consumption. Favorable government policies for improving the lighting amenities across remote regions will lucratively impact global lamp industry trends. Lamp market is estimated to cross a revenue of USD 18 billion by 2024.

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Lamp industry encompasses a wide spectrum of applications that can be categorized into indoor and outdoor sectors. Lamps are extensively deployed across commercial spaces such as offices and hospitals as well as residential spaces such as high rise buildings, which will spur the growth of lamp industry in the indoor sector over the years ahead.

Over the last few years, there has been a rise in the consumer standard of living and awareness regarding energy saving, which has led to an increase in the usage of energy conserving products such as halogens and fluorescent bulbs. This fact is expected to favorably impact lamp market size, which was valued at USD 40 billion in 2016.

Taking into consideration the geographical landscape, Asia Pacific lamp industry size is anticipated to witness an upswing over the coming seven years, subject to the high spending on the construction activities. In addition, the requirement of these energy-effective lighting systems for performing surgeries will impel APAC market from the healthcare sector. The large-scale presence of key manufacturers across the region will also contribute significantly towards the revenue.

Top Key Players In Lamp Market are General Electric, Interlectric Corporation., Havells India Ltd., Amglo Kemlite Laboratories, Bajaj Group, Ajanta Manufacturing Pvt. Ltd. (OREVA Group), Osram Licht AG, MaxLite, EiKO Limited, Eye Lighting International, Federal Mogul Corporation, Panasonic Corporation, Philips Electronics, Stanley Electric Company, Toshiba Corporation

The U.S. will witness a tremendous growth rate in lamp market subject to the rising consumer demand for power-saving lamps. The popularity of these lamps across residential and commercial arenas is predicted to create lucrative growth avenues for U.S. industry.

The surging popularity of compact fluorescent lamps is anticipated to soar UK lamp market expansion in the near future. Tax benefits offered by the governments of Mexico and Brazil to reduce the product prices will propel Latin America lamp market revenue over the coming timeframe. Ample availability of raw materials in the region will contribute notably towards the business expansion.

Table Of Content:

 

Chapter 4    Lamp Market, By Product

4.1    Lamp  share, by product, 2016 & 2024

4.2    Electrical Discharge Lamps

4.2.1    Market estimates and forecast, by region, 2013-2024

4.2.2    Fluorescent lamps

4.2.2.1    Market estimates and forecast, by region, 2013 – 2024

4.2.3    High density discharge lamps

4.2.3.1    Market estimates and forecast, by region, 2013 – 2024

4.3    Filament Lamps

4.3.1    Market estimates and forecast, by region, 2013-2024

4.3.2    Incandescent Lamps

4.3.2.1    Market estimates and forecast, by region, 2013 – 2024

4.3.3    Halogen Lamps

4.3.3.1    Market estimates and forecast, by region, 2013 – 2024

Chapter 5    Lamp Market, By Application

5.1    Lamp share, by application, 2016 & 2024

5.2    Indoor Use

5.2.1    Market estimates and forecast, by region, 2013-2024

5.2.2    Residential

5.2.2.1    Market estimates and forecast, by region, 2013-2024

5.2.3    Commercial

5.2.3.1    Market estimates and forecast, by region, 2013-2024

5.2.3.2    Retail

5.2.3.2.1    Market estimates and forecast, by region, 2013-2024

5.2.3.3    Hospitality

5.2.3.3.1    Market estimates and forecast, by region, 2013-2024

5.2.3.4    Healthcare

5.2.3.4.1    Market estimates and forecast, by region, 2013-2024

5.2.3.5    Others

5.2.3.5.1    Market estimates and forecast, by region, 2013-2024

5.2.4    Industrial

5.2.4.1    Market estimates and forecast, by region, 2013-2024

5.3    Outdoor Use

5.3.1    Market estimates and forecast, 2013 – 2024

5.3.2    Market estimates and forecast, by region, 2013-2024

5.3.3    Highways

5.3.3.1    Market estimates and forecast, by region, 2013-2024

5.3.4    Public Places

5.3.4.1    Market estimates and forecast, by region, 2013-2024

5.4    Motor Vehicles

5.4.1    Market estimates and forecast, by region, 2013-2024

Chapter 6    Lamps Market, By Region

6.1    Key trends by region

6.2    North America

6.2.4   U.S.

6.2.5   Canada

6.3    Europe

6.3.3   UK

6.3.4   Germany

6.3.5   France

6.3.6   Italy

6.3.7   Spain

6.4    Asia Pacific

6.4.3   China

6.4.4   India

6.4.5   Japan

6.5    Latin America

6.5.3   Brazil

6.5.4   Mexico

6.6    MEA

6.6.3   GCC

6.6.4   South Africa

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/lamp-market

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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