The new report by Expert Market Research titled, ‘Global Lighting Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025’, gives an in-depth analysis of the global lighting market, assessing the market based on its segments like technologies, products, applications, end uses, distribution channels, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2015-2025)
• Historical Market Size (2019): USD 106 billion
• Forecast CAGR (2020-2025): 5.5%
• Forecast Market Size (2025): USD 140 billion
Light emitting diode (LED) lights would be the leading segment in the forecast period based on technology due to its cost-effectiveness when compared to incandescent lights. The reduced heat losses also make them a suitable replacement. The technological advancements in the upcoming period would shift the demand to more energy-efficient products as many governments are leading the beacon to shift from conventional to green lighting. The rising concern regarding the use of conventional sources of energy would propel the growth of more energy-efficient and sustainable lighting in the future.
Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/lighting-market
Industry Definition and Major Segments
Lighting is the planned arrangement of lighting systems in a room, street, shopping complex, and other commercial and public places to achieve practical or aesthetic illumination effects.
The market on the basis of technology can be divided into:
On the basis of product, the market is divided into:
On the basis of application, the market is divided into:
Based on end use, the industry is categorised into:
By distribution channels, the market can be segmented into:
• Supermarkets and Hypermarkets
• Convenience Stores
• Specialty Stores
The major regional markets for the product include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
The lighting market growth is expected to be higher in developing countries due to the increase in the construction activities of residential and commercial infrastructure. The market players would be deploying more energy-efficient lighting, which will be more sustainable over time. The introduction of new cost-effective measures to manufacture LED lighting would lower the production cost of LED lights, making it more accessible. Also, metal-organic chemical vapour deposition (MOCVD) is increasingly being preferred in the manufacturing process of LED devices as governments are providing subsidies on the purchase of this semiconductor equipment.
Key Market Players
The major players in the market are Signify N.V. (AMS: LIGHT), OSRAM GmbH (ETR: OSR), Schneider Electric SE (EPA: SU), Nichia Corporation, GE Lighting (NYSE: GE), Eaton Corporation plc (NYSE: ETN), and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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Note 1: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
Note 2: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.
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