General Lighting Market by Product, Application, and Geography - Forecast and Analysis 2021-2025

  • Published: Aug 2021
  • Pages: 120
  • SKU: IRTNTR40442
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The general lighting market size is expected to grow by USD 39.06 billion and record a CAGR of 6.40% during 2021-2025.

This post-pandemic general lighting market report has assessed the shift in consumer behavior and has identified and explored the upcoming trends and drivers that the vendors can capitalize on to support prompt business decisions. In this general lighting market analysis report, key drivers such as the declining manufacturing cost of LEDs have been discussed with emerging growth regions, which will offer immense business opportunities. Our analysts have also identified challenges such as high average cost per LED fixture, which will impede market growth. With these insights, the vendors can recreate their plan of action to obtain growth opportunities in the future.

What will the General Lighting Market Size be in 2021?

General-Lighting-Market-Market-Size-2020-2025

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Who are the Key Vendors in the General Lighting Market?

The general lighting market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles include information on the production, competitive landscape, sustainability, and prospects of the leading companies including:

 

  • Acuity Brands Inc.
  • Advanced Lighting Technologies LLC
  • Dialight Plc
  • Eaton Corporation Plc
  • General Electric Co.
  • Lumens Co. Ltd.
  • OSRAM GmbH
  • Panasonic Corp.
  • Schneider Electric SE
  • Signify NV

 

The general lighting market is fragmented and the vendors are deploying various growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.

This general lighting market report further entails segmentation by product (LED lighting and traditional lighting), application (residential, commercial, outdoor, industrial, and others), and geography (APAC, Europe, North America, MEA, and South America). View our sample report to gather market insights on the segmentations.

To make the most of the opportunities, vendors should focus on fast-growing segments, while maintaining their positions in the slow-growing segments. Fetch actionable market insights on post COVID-19 impact on each product and service segments.

 

Which are the Key Regional Markets for General Lighting Market?

General-Lighting-Market-Market-Share-by-Region-2020-2025

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The report offers an up-to-date analysis of the geographical composition of the market. APAC will record a fast growth rate during 2021-2025, owing to which the region should offer several growth opportunities to market vendors. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

50% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for general lighting in the region. This report provides estimations of the contribution of all regions to the growth of the general lighting market size.

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What are the Key Factors Covered in this General Lighting Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive general lighting market growth during the next five years
  • Precise estimation of the general lighting market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the general lighting industry across APAC, Europe, North America, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of general lighting market vendors

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General Lighting Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 6%

Market growth 2021-2025

$ 39.06 billion

Market structure

Fragmented

YoY growth (%)

8.97

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 50%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Acuity Brands Inc., Advanced Lighting Technologies LLC, Dialight Plc, Eaton Corporation Plc, General Electric Co., Lumens Co. Ltd., OSRAM GmbH, Panasonic Corp., Schneider Electric SE, and Signify NV

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The general lighting market growth will increase by $30.50 billion during 2019-2024.
The general lighting market is expected to grow at a CAGR of 5.46% during 2019-2024.
Technavio has segmented the general lighting market by product (LED lighting and Traditional lighting) and geographic (APAC, Europe, North America, MEA, and South America).
Acuity Brands Inc., Advanced Lighting Technologies LLC, Cree Inc., Dialight Plc, Eaton Corp. Plc, General Electric Co., OSRAM GmbH, Panasonic Corp., Schneider Electric SE, Signify NV are a few of the key vendors in the general lighting market.
APAC will register the highest growth rate of 54.16% among the other regions. Therefore, the general lighting market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the general lighting market growth are:
  • Declining manufacturing cost of LEDs
The general lighting market vendors should focus on grabbing business opportunities from the led lighting segment as it accounted for the largest market share in the base year.
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