Lighting Market, By Lighting Type (LEDs, CFLs, LFLs, HIDs, Halogens, and Incandescent), By Application (General Lighting, Automotive Lighting, Backlighting, and Others), By End User (Residential, Commercial, and Industrial) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis, and Forecast till 2029

Light plays a crucial role in every sector. The applications of light in activities like interior designing, photography and other uses are rising with the rise in population. Numerous scientists have indicated the usage of LEDs in growing plants through practical evidence. The demand for LEDs light plays a crucial role in plant growth and development, because it converts electricity into light by using the properties of metals, thereby delivering the white light. For instance, as per the European Commission, lighting holds 15% to 18% of electricity consumption, globally. Furthermore, over the past few day decades, the industry has experienced continuous technological transformation. The global lighting market accounted for US$ 119.3 billion in 2019 and is estimated to be US$ 181.8 billion by 2029 and is anticipated to register a CAGR of 4.3%.

Impact of Covid-19 pandemic on market

With the outbreak of the COVID-19, various businesses are at the forefront to combat this pandemic. The pandemic has hindered the industrial supply chain and also disrupted the product segment. Government across the countries has imposed strict lockdown to limit the spread of disease. Instant shutdown in manufacturing units due to COVID-19 has impacted the growth of the commercial sector. This report will quantify the impact of a pandemic on the lighting market.

Increasing demand of light emitting diodes (LEDs)

LEDs are highly efficient, reliable, and they yield a longer life span, which is anticipated to boost their application in both indoor and outdoor settings. These lights are cost-effective compared to incandescent lights, delivering around 50,000 hours of illumination with a small amount of energy consumed. Their lower cost of operation and reduced heat losses also make them a suitable replacement for incandescent lights. Technological advancements, shift from conventional to green lighting, enhanced energy efficiency standards, and declining prices have also spurred the demand.

Favorable government’s initiatives

Government organizations in different countries are taking several steps to develop smart cities and installation of smart lighting is one of the significant programs that is being undertaken. Rapid urbanization, development of smart buildings and government initiatives in smart city projects are some of the top factors driving demand for various smart lighting products such as lighting control, fixture and others. In 2017, the lighting control segment was valued at more than US$ 3,400 mn, and is expected to witness steady growth in terms of revenue throughout the forecast period. However, the time required to set up newer manufacturing hubs might be hampering the growth of the market.

The global lighting market is segmented based on lighting type, application, end user and region.

On the basis of lighting type, the global lighting market is segmented into LEDs, CFLs, LFLs, HIDs, halogens, and incandescent. Based on application, the target market is segmented into general lighting, automotive lighting, backlighting, and others. Based on end user, the target market is segmented into residential, commercial, and industrial.

Regional Insights:

On region the global lighting market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia- Pacific accounted for the highest market share of the global lighting market and the region is also expected to maintain its dominance over the forecast period. Some major factors contributing to the present growth are, because of the increasing regional population and therefore the demand for lighting equipment in residential, commercial, and industrial sectors. Furthermore, this region is also expected to grow substantially within the forecast period due to continuously increasing demand for innovative, durable, and reasonable lighting equipment. There are multiple registered and unregistered players that are manufacturing and providing lights to customers. Within the Asia Pacific, China will hold the most important market share, due to the fragmentation of the market by many vendors. Additionally, China also exports its lighting products to different countries.

Report Scope:

Attribute	Details
Base year for estimation	2020
Forecast period	2020 – 2029
Market representation	Revenue in USD Million & CAGR from 2020 – 2029
Market Segmentation	By Lighting Type: LEDs, CFLs, LFLs, HIDs, Halogens, and Incandescent By Application: General Lighting, Automotive Lighting, Backlighting, and Others By End User: Residential, Commercial, and Industrial
Delivery Mode Regional scope	North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
sReport coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the global lighting market report based on lighting type, application, end user and region.

Global Lighting Market, By Lighting Type:

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

Global Lighting Market, By Application:

• General Lighting
• Automotive Lighting
• Backlighting
• Others

Global Lighting Market, By End User:

• Residential
• Commercial
• Industrial

Global Lighting Market, By Region:

• • • North America
      • • U.S.
        • Canada
    • Europe
      • • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa

The key players operating in the global lighting market includes GE Lighting, Koninklijke Philips N.V., Panasonic Corporation, OSRAM Licht AG, Schneider Electric SE, Cree, Inc., CITIZEN ELECTRONICS CO., LTD., Lumerica, Havells India Ltd., and LEDtronics, Inc. The market is especially characterized by collaborations and partnerships between the businesses and acquisitions of smaller players as a part of strategic expansion as well as launching their new product specimen. For instance, 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.

• GE Lighting
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

• Koninklijke Philips N.V.
• Panasonic Corporation
• OSRAM Licht AG
• Schneider Electric SE
• Cree, Inc.
• CITIZEN ELECTRONICS CO., LTD.
• Lumerica
• Havells India Ltd.
• LEDtronics, Inc.

1. Research Objective and Assumption
   • Preface
   • Research Objectives
   • Study Scope
   • Years Considered for the study
   • Assumptions
   • Abbreviations
2. Research Methodology
   • Research data
   • Primary Data
     • Primary Interviews
     • Primary Breakdown
     • Key data from Primary Sources
     • Key Thickness Insights
   • Secondary Data
     • Major Secondary Sources
     • Secondary Sources
   • Market Estimation
   • Top-Down Approach
     • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
   • Bottom-Up Approach
     • Approach for estimating market share by Bottom-up Analysis (Demand Side)
   • Market Breakdown and Data Triangulation
   • Research Assumptions
3. Market Purview
   • Executive Summary
   • Key Findings—Global Outlook for Lighting Strategies
     • Key Questions this Study will Answer
     • Market Snippet, By Lighting Type
     • Market Snippet, By Application
     • Market Snippet, By End User
     • Market Snippet, By Region
   • Opportunity Map Analysis
   • Executive Summary—3 Big Predictions
4. Market Dynamics, Regulations, and Trends Analysis
   • Market Dynamics
     • Drivers
     • Restraints
     • Market Opportunities
     • Market Trends
   • DR Impact Analysis
   • PEST Analysis
   • Porter’s Five Forces Analysis
   • Opportunity Orbit
   • Market Investment Feasibility Index
   • Macroeconomic Factor Analysis
5. Global Lighting Market, By Lighting Type, 2019 – 2029, (US$ Mn)
   • Overview
     • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
     • Y-o-Y Growth Analysis (%), 2019 – 2029
     • Segment Trends
   • LEDs
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
   • CFLs
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
   • LFLs
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
   • HIDs
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
   • Halogens
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
   • Incandescent
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
6. Global Lighting Market, By Application, 2019 – 2029, (US$ Mn)
   • Overview
     • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
     • Y-o-Y Growth Analysis (%), 2019 – 2029
     • Segment Trends
   • General Lighting
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
   • Automotive Lighting
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
   • Backlighting
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
   • Others
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
7. Global Lighting Market, By End User, 2019 – 2029, (US$ Mn)
   • Overview
     • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
     • Y-o-Y Growth Analysis (%), 2019 – 2029
     • Segment Trends
   • Residential
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
   • Commercial
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
   • Industrial
     • Overview
     • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2019 – 2029
8. Global Lighting Market, By Region, 2019 – 2029, (US$ Mn)
   • Overview
     • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 – 2029
     • Y-o-Y Growth Analysis (%), 2019 – 2029
     • Regional Trends
   • North America
     • Market Size and Forecast (US$ Mn), By Lighting Type, 2019 – 2029
     • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
     • Market Size and Forecast (US$ Mn), By End User, 2019 – 2029
     • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
       • U.S.
       • Canada
   • Europe
     • Market Size and Forecast (US$ Mn), By Lighting Type, 2019 – 2029
     • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
     • Market Size and Forecast (US$ Mn), By End User, 2019 – 2029
     • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
       • Germany
       • UK
       • France
       • Russia
       • Italy
       • Rest of Europe
   • Asia Pacific
     • Market Size and Forecast (US$ Mn), By Lighting Type, 2019 – 2029
     • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
     • Market Size and Forecast (US$ Mn), By End User, 2019 – 2029
     • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
       • China
       • India
       • Japan
       • South Korea
       • Rest of Asia Pacific
   • Latin America
     • Market Size and Forecast (US$ Mn), By Lighting Type, 2019 – 2029
     • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
     • Market Size and Forecast (US$ Mn), By End User, 2019 – 2029
     • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
       • Brazil
       • Mexico
       • Rest of Latin America
   • Middle East & Africa
     • Market Size and Forecast (US$ Mn), By Lighting Type, 2019 – 2029
     • Market Size and Forecast (US$ Mn), By Application, 2019 – 2029
     • Market Size and Forecast (US$ Mn), By End User, 2019 – 2029
     • Market Size and Forecast (US$ Mn), By Country, 2019 – 2029
       • GCC
       • Israel
       • South Africa
       • Rest of Middle East
9. Competitive Landscape
   • Heat Map Analysis
   • Market Presence and Specificity Analysis
10. Company Profiles
    • • GE Lighting
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
        • Business Strategies
      • Koninklijke Philips N.V.
      • Panasonic Corporation
      • OSRAM Licht AG
      • Schneider Electric SE
      • Cree, Inc.
      • CITIZEN ELECTRONICS CO., LTD.
      • Lumerica
      • Havells India Ltd.
      • LEDtronics, Inc.
11. The Last Word
    • Future Impact
    • About Us
    • Contact

List of Tables

TABLE List of data sources

TABLE Market drivers; Impact Analysis

TABLE Market restraints; Impact Analysis

TABLE Lighting Market: Lighting Type Snapshot (2019)

TABLE Segment Dashboard; Definition and Scope, by Lighting Type

TABLE Global Lighting Market, by Lighting Type 2019-2029 (USD Million)

TABLE Lighting Market: Application Snapshot (2019)

TABLE Segment Dashboard; Definition and Scope, by Application

TABLE Global Lighting Market, by Application 2019-2029 (USD Million)

TABLE Lighting Market: End User Snapshot (2019)

TABLE Segment Dashboard; Definition and Scope, by End User

TABLE Global Lighting Market, by End User 2019-2029 (USD Million)

TABLE Lighting Market: Regional snapshot (2019)

TABLE Segment Dashboard; Definition and Scope, by Region

TABLE Global Lighting Market, by Region 2019-2029 (USD Million)

TABLE North America Lighting Market, by Country, 2019-2029 (USD Million)

TABLE North America Lighting Market, by Lighting Type, 2019-2029 (USD Million)

TABLE North America Lighting Market, by Application, 2019-2029 (USD Million)

TABLE North America Lighting Market, by End User, 2019-2029 (USD Million)

TABLE Europe Lighting Market, by Country, 2019-2029 (USD Million)

TABLE Europe Lighting Market, by Lighting Type, 2019-2029 (USD Million)

TABLE Europe Lighting Market, by Application, 2019-2029 (USD Million)

TABLE Europe Lighting Market, by End User, 2019-2029 (USD Million)

TABLE Asia Pacific Lighting Market, by Country, 2019-2029 (USD Million)

TABLE Asia Pacific Lighting Market, by Lighting Type, 2019-2029 (USD Million)

TABLE Asia Pacific Lighting Market, by Application, 2019-2029 (USD Million)

TABLE Asia Pacific Lighting Market, by End User, 2019-2029 (USD Million)

TABLE Latin America Lighting Market, by Country, 2019-2029 (USD Million)

TABLE Latin America Lighting Market, by Lighting Type, 2019-2029 (USD Million)

TABLE Latin America Lighting Market, by Application, 2019-2029 (USD Million)

TABLE Latin America Lighting Market, by End User, 2019-2029 (USD Million)

TABLE Middle East and Africa Lighting Market, by Country, 2019-2029 (USD Million)

TABLE Middle East and Africa Lighting Market, by Lighting Type, 2019-2029 (USD Million)

TABLE Middle East and Africa Lighting Market, by Application, 2019-2029 (USD Million)

TABLE Middle East and Africa Lighting Market, by End User, 2019-2029 (USD Million)

List of Figures

FIGURE Lighting Market segmentation

FIGURE Market research methodology

FIGURE Value chain analysis

FIGURE Porter’s Five Forces Analysis

FIGURE Market Attractiveness Analysis

FIGURE COVID-19 Impact Analysis

FIGURE Pre & Post COVID-19 Impact Comparison Study

FIGURE Competitive Landscape; Key company market share analysis, 2019

FIGURE Lighting Type segment market share analysis, 2019 & 2029

FIGURE Lighting Type segment market size forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Application segment market share analysis, 2019 & 2029

FIGURE Application segment market size forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE End User segment market share analysis, 2019 & 2029

FIGURE End User segment market size forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Regional segment market share analysis, 2019 & 2029

FIGURE Regional segment market size forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE North America Lighting Market share and leading players, 2019

FIGURE Europe Lighting Market share and leading players, 2019

FIGURE Asia Pacific Lighting Market share and leading players, 2019

FIGURE Latin America Lighting Market share and leading players, 2019

FIGURE Middle East and Africa Lighting Market share and leading players, 2019

FIGURE North America market share analysis by country, 2019

FIGURE U.S. Lighting Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Canada Lighting Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Europe Lighting Market share analysis by country, 2019

FIGURE Germany Lighting Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Spain Lighting Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Italy Lighting Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE UK Lighting Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE France Lighting Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Rest of the Europe Lighting Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Asia Pacific Lighting Market share analysis by country, 2019

FIGURE India Lighting Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE China Lighting Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Japan Lighting Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE South Korea Lighting Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Rest of APAC Lighting Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Latin America Lighting Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Latin America Lighting Market share analysis by country, 2019

FIGURE Brazil Lighting Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Mexico Lighting Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Argentina Lighting Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Rest of LATAM Lighting Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Middle East and Africa Lighting Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Middle East and Africa Lighting Market share analysis by country, 2019

FIGURE Saudi Arabia Lighting Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE United Arab Emirates Lighting Market size, forecast and trend analysis, 2019 to 2029 (USD Million)

FIGURE Rest of Middle East & Africa Lighting Market size, forecast and trend analysis, 2019 to 2029 (USD Million)