Feb 26, 2021   SOURCE: BusinessWire

Global Electric Lighting Equipment Market Report 2021: $175+ Billion Market - COVID-19 Impact and Recovery to 2030 - ResearchAndMarkets.com

The "Electric Lighting Equipment Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.

The global electric lighting equipment market is expected to grow from $125.3 billion in 2020 to $129.47 billion in 2021 at a compound annual growth rate (CAGR) of 3.3%.

The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $175.67 billion in 2025 at a CAGR of 8%.

Major companies in the electrical lighting equipment market include General Electric Corporation; Panasonic Corporation; Koninklijke Philips NV; Eaton Corporation Plc and OSRAM GmbH

The electrical lighting equipment market consists of sales of electrical lighting equipment by entities (organizations, sole traders and partnerships) that produce electric light bulbs and tubes, and parts and components (except glass blanks for electric light bulbs) or electric lighting fixtures (except vehicular), nonelectric lighting equipment, lamp shades (except glass and plastics), and lighting fixture components (except current-carrying wiring devices). The electrical lighting equipment market is segmented into general lighting; automotive lighting and back lighting.

Asia Pacific was the largest region in the global electric lighting equipment market, accounting for 31% of the market in 2020. Western Europe was the second largest region accounting for 25% of the global electric lighting equipment market. Africa was the smallest region in the global electric lighting equipment market.

Major lighting companies are integrating lighting fixtures with IoT technology to enable remote user control and for controlling lighting in office, work environment and city infrastructure. IoT technology is widely being used in homes and work places to integrate and control internal and external light fixtures.

Beacons, which are small Bluetooth radio transmitters that give signals to other devices, are used to enable wireless lighting control and broadcast the location of fixtures.

Key Topics Covered:

1. Executive Summary

2. Report Structure

3. Electric Lighting Equipment Market Characteristics

3.1. Market Definition

3.2. Key Segmentations

4. Electric Lighting Equipment Market Product Analysis

4.1. Leading Products/ Services

4.2. Key Features and Differentiators

4.3. Development Products

5. Electric Lighting Equipment Market Supply Chain

5.1. Supply Chain

5.2. Distribution

5.3. End Customers

6. Electric Lighting Equipment Market Customer Information

6.1. Customer Preferences

6.2. End Use Market Size and Growth

7. Electric Lighting Equipment Market Trends and Strategies

8. Impact of COVID-19 on Electric Lighting Equipment

9. Electric Lighting Equipment Market Size and Growth

9.1. Market Size

9.2. Historic Market Growth, Value ($ Billion)

9.2.1. Drivers of the Market

9.2.2. Restraints on the Market

9.3. Forecast Market Growth, Value ($ Billion)

9.3.1. Drivers of the Market

9.3.2. Restraints on the Market

10. Electric Lighting Equipment Market Regional Analysis

10.1. Global Electric Lighting Equipment Market, 2020, by Region, Value ($ Billion)

10.2. Global Electric Lighting Equipment Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region

10.3. Global Electric Lighting Equipment Market, Growth and Market Share Comparison, by Region

11. Electric Lighting Equipment Market Segmentation

11.1. Global Electric Lighting Equipment Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

  • General Lighting
  • Automotive Lighting
  • Back Lighting

11.2. Global Electric Lighting Equipment Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

  • Residential
  • Commercial
  • Automotive
  • Others

11.3. Global Electric Lighting Equipment Market, Segmentation by Sales Channel, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

  • OEM
  • Aftermarket

11.4. Global Electric Lighting Equipment Market, Segmentation by Mode, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

  • Online
  • Offline

12. Electric Lighting Equipment Market Segments

12.1. Global General Lighting Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Incandescent Bulbs; Halogen; High Intensity Discharge (HID) Bulbs; Linear Fluorescent (LFL) Bulbs; Compact Fluorescent Lamps (CFL); Light Emitting Diode (LED)

12.2. Global Automotive Lighting Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Automotive Halogen Bulbs; High Intensity Discharge [HID] Bulbs; Automotive Light Emitting Diode (LED) Bulbs

12.3. Global Back Lighting Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion) - Cold Cathode Fluorescent Lamps (CCFL); Back Lighting-Light Emitting Diode (LED)

13. Electric Lighting Equipment Market Metrics

13.1. Electric Lighting Equipment Market Size, Percentage of GDP, 2015-2025, Global

13.2. Per Capita Average Electric Lighting Equipment Market Expenditure, 2015-2025, Global

Companies Mentioned

  • General Electric Corporation
  • Panasonic Corporation
  • Koninklijke Philips NV
  • Eaton Corporation Plc
  • OSRAM GmbH

For more information about this report visit https://www.researchandmarkets.com/r/j8tvxi