Feb 9, 2018   SOURCE: BusinessWire

Technavio Announces New Research on the Global General Lighting Market

Market research firm Technavio has announced the release of their updated report on the global general lighting market. This new report will provide expert market insights for the forecast period 2018-2022.

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Technavio has published a new market research report on the global general lighting market 2018-2022 ...

Technavio has published a new market research report on the global general lighting market 2018-2022 under their hardware and semiconductor library. (Graphic: Business Wire)

The report will present an updated analysis of the market with regards to the current competitive landscape and global environment. It will also provide new forecasts based on the most up-to-date data available.

The report will consider the major products and services offered by multiple vendors operating in this market. It will focus on the general lighting market and provide an overall understanding of the competitive scenario to facilitate better business decisions. The report also segregates the drivers regarding price, volume, and regulatory implications to provide a more comprehensive understanding of the market.

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Global opportunities for growth

Technavio’s 2016 report on the global general lighting market noted that the highest demand came from the residential sector, which had a market share of around 38%. The dominance of this sector was attributable to various aspects such as the rapid increase in the upper-middle class population, the emergence of smart cities, and growing awareness about the adoption of energy-efficient lighting systems in households.

In the previous report, a senior research analyst at Technavio stated, “Lighting consumes approximately one-fifth of the global energy production and the rapid increase in demand for lighting sources has subsequently led to an increase in the demand for electricity. This has induced governments to focus on promoting energy-efficient lighting technologies. Countries have started replacing the use of incandescent lamps with energy-efficient lighting technologies such as CFL and LED that are more durable and energy-efficient as compared to conventional technologies. The introduction of energy saving lighting technologies will have a positive impact on the growth of the market in the coming years.”

Technavio’s report will evaluate the key geographic regions and their behavior over the past four years, introducing new data and observations and providing new predictions.

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Detailed analysis at your fingertips

Some of the topics that will be revisited in the new report include:

  • Market size and growth rate through 2022
  • Top factors driving market growth
  • Competitive landscape and market share of the key players
  • Market opportunities and factors impeding growth

The report on the global general lighting market for the period of 2018-2022 is available to order now and will be delivered within one week of purchase.

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About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides 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 10,000 reports and counting, covering 800 technologies, spanning across 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.

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