888-776-0942 from 8 AM - 10 PM ET
NEW YORK , Nov. 7, 2022 /PRNewswire/ -- Technavio categorizes the global general lighting market as a part of the global electrical components and equipment market within the global electrical equipment market. The parent market, the global electrical components, and equipment market cover companies engaged in the manufacturing of electric cables and wires, electrical components, and electrical equipment. The Global General Lighting Market share is set to increase by USD 50.7 billion from 2022 to 2027. Moreover, the market's growth momentum will accelerate at a CAGR of 6.97% as per the latest market forecast report by Technavio. The market will also record a 6.71% Y-O-Y growth Rate during the forecast period.
To know more about the historic market size – Request a Free Sample Report!
Global General Lighting Market- Customer Landscape
Our analysis of the Life Cycle of the Global General Lighting Market from the innovator's stage to the laggard's stage. The report illustrates the lifecycle of the global General Lighting Market, focusing on the adoption rates of the major countries such as APAC, Europe , North America , the Middle East and Africa , and South America . To help companies evaluate and develop growth strategies for 2022-2027. Our researchers have included –
Global General Lighting Market – Vendor Analysis
Vendor Landscape - The global General Lighting Market is in the early growth stage. It is expected to grow at a very high rate during the forecast period. Some of the prominent vendors in the market include Acuity Brands Inc., Advanced Lighting Technologies LLC, Bridgelux Inc., Citizen Watch Co. of America Inc., Cree Lighting, Delta Electronics Inc., Dialight Plc, Eaton Corp. Plc, General Electric Co., Hafele America Co., Hubbell Inc. As there are significant growth opportunities in this market, the competition will intensify with the entry of new vendors, technological innovations, mergers, and partnerships. Established industry participants in the market are increasing their product offerings to expand their product portfolio, enter emerging markets, and boost their market share.
For instance, Signify NV. through the digital solutions segment, the company offers luminaires, lighting systems, and services related to the Internet of Things to customers in the professional segment. the company's key offerings include general lighting through the Interact and Philips brands.
Global General Lighting Market - Segmentation Assessment
Technavio's market research report entails detailed information on regional opportunities in store for vendors, which will assist in generating sales revenues. The Global General Lighting Market as per geography is categorized into North America , Europe , APAC, South America , and the Middle East and Africa . The report provides an accurate prediction of the contribution of all regions to the growth of the Global General Lighting Market size and actionable market understandings.
Download a FREE Sample Report that can help you to strategize your sales revenue - Get it now!
Global General Lighting Market – Market Dynamics
To know about other factors of market dynamics – Request a Free Sample!
Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform
General Lighting Market 2023-2027: Key Highlights
Accelerate at a CAGR of 6.97%
APAC, Europe, North America, the Middle East and Africa, and South America
US, China, Japan, Germany, and UK
Leading companies, Competitive Strategies, Consumer engagement scope
Acuity Brands Inc., Advanced Lighting Technologies LLC, Bridgelux Inc., Citizen Watch Co. of America Inc., Cree Lighting, Delta Electronics Inc., Dialight Plc, Eaton Corp. Plc, General Electric Co., Hafele America Co., Hubbell Inc., Lumens Co. Ltd, OSRAM GmbH, Panasonic Holdings Corp., Philips International BV, Schneider Electric SE, Selux AG, Signify NV, Wipro Ltd., and Zumtobel Group AG
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
About Us Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/
More news releases in similar topics
Cision Distribution 888-776-0942 from 8 AM - 9 PM ET