Global Lighting Socket Market 2018-2022

Global Lighting Socket Industry Overview

Our analysts have identified the rise in construction and infrastructure development activities to be one of the major factors driving market growth. The demand for lighting products in lighting households is increasing due to the rising investments in construction and infrastructure development activities. North America, Asia, and the Middle East are expected to witness a considerable rise in construction activities.The demand for new housing, public infrastructure, and commercial construction is increasing in these countries and this factor will positively influence the lighting socket market size. In the US, residential housing completions grew by 8.79% during 2016 and 2017, due to the increasing demand for new housing projects. US government also proposed a significant investment in numerous infrastructure projects, driving the demand for lighting sockets. 

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Companies covered

The lighting socket market is fragmented owing to the presence of a large number of vendors. This lighting socket industry analysis report will help the clients identify new growth opportunities and design new growth strategies. Also, this report offers a competitive analysis of the players in the market along with information on the products offered by the companies.

The report offers an analysis of a number of lighting socket manufacturer including:

• Acuity Brands Lighting
• Cree
• Eaton
• GENERAL ELECTRIC
• Hubbell

Lighting socket market growth based on geographic regions

• Americas
• APAC
• EMEA

In terms of geographic regions, APAC accounted for the major share in the market in 2017. The economic development and the reducing cost of LED manufacturing in the emerging countries such as China and India will propel the growth of the market during the forecast period.

Lighting socket market growth based on end-user

• Residential
• Commercial
• Industrial
• Outdoor

The residential segment accounted for the major share of the market during 2017. According to our research report, the growth in infrastructure and construction in the emerging countries will drive the growth of the market in the predicted period.

Key highlights of the global lighting socket market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the lighting socket market during the next five years
• Precise estimation of the global lighting socket market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• Growth of the lighting socket industry across various geographies such as the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive information about factors that will challenge the growth of lighting socket manufacturers

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This market research report analyzes the market outlook and provides a list of key trends, drivers, and challenges that are anticipated to impact the lighting socket market and its stakeholders over the forecast years. Technavio’s analysts have also considered how the performance of other related markets in the power will impact the size of the lighting socket market till 2022. One of the markets most likely to influence the growth of the lighting socket market over the coming years is the power tools market.

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