The Electric Lighting Equipment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).

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According to The Business Research Company’s Electric Lighting Equipment Global Market Report 2024, The electric lighting equipment market size has grown strongly in recent years. It will grow from $121.39 billion in 2023 to $128.6 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to technological advancements, energy efficiency regulations, consumer awareness, urbanization, industrial growth.

The electric lighting equipment market size is expected to see strong growth in the next few years. It will grow to $158.46 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to sustainability initiatives, infrastructure projects, e-commerce and online sales. Major trends in the forecast period include electrification and lightweighting, advanced materials, additive manufacturing, digitalization and connectivity, collaboration and partnerships, .

The increasing adoption of LED lighting is expected to propel the growth of the electric lighting equipment market going forward. LED lighting refers to a type of lighting technology that uses light-emitting diodes (LEDs) as the source of illumination. LED lighting offers numerous benefits in the electric lighting equipment market including energy savings, durability, environmental friendliness, and design flexibility. For instance, in December 2022, according to E-Green Electrical, an Australia-based energy efficiency company, around 50% of all light sources worldwide are already LED lamps, and researchers estimate that by 2030, LEDs would make up about 87% of all light sources. Therefore, the increasing adoption of LED lighting is driving the growth of the electric lighting equipment market going forward .

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The electric lighting equipment market covered in this report is segmented –
1) By Type: General Lighting; Automotive Lighting; Back Lighting
2) By Mode: Online; Offline
3) By Sales Channel: OEM; Aftermarket
4) By Application: Residential; Commercial; Automotive; Other Applications

Subsegments Covered: Incandescent Bulbs; Halogen; High Intensity Discharge (HID) Bulbs; Linear Fluorescent (LFL) Bulbs; Compact Fluorescent Lamps (CFL); Light Emitting Diode (LED); Automotive Halogen Bulbs; High Intensity Discharge [HID] Bulbs; Automotive Light Emitting Diode (LED) Bulbs; Cold Cathode Fluorescent Lamps (CCFL); Back Lighting-Light Emitting Diode (LED)

The electric lighting equipment market report table of contents includes:
1. Executive Summary
2. Electric Lighting Equipment Market Characteristics
3. Electric Lighting Equipment Product/Service Analysis -Product/Service Examples
4. Electric Lighting Equipment Market Trends And Strategies
5. Electric Lighting Equipment Market - Macro Economic Scenario
…..
68. Global Electric Lighting Equipment Market Competitive Benchmarking
69. Global Electric Lighting Equipment Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Electric Lighting Equipment Market
71. Electric Lighting Equipment Market Future Outlook and Potential Analysis
72. Appendix

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