Drivers, trends and limitations of the global electric lighting equipment market for 2022-2031

Drivers, trends and limitations of the global electric lighting equipment market for 2022-2031

2022 Global Electric Lighting Equipment Market Report

The Business Research Company Global Electric Lighting Market Report 2022: Market Size, Trends and Forecast to 2026

LONDON, GREATER LONDON, UK, September 21, 2022 /EINPresswire.com/ — According to The Business Research Company’s 2022 Global Electric Lighting Market Report, the electric lighting market is expected to grow from $104.18 billion in 2021 to $115.16 billion in 2022 at a CAGR ( CAGR) 10.5%. The growth of the electric lighting equipment market is mainly due to companies restructuring their operations and recovering from the impact of COVID-19, which previously led to restrictive containment measures, including social distancing, remote work, and business closures, which led to the expected demand in the electric lighting equipment market. will reach $164.37 billion in 2026 at a CAGR of 9.3%.

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Key trends in the market of electric lighting equipment
Large lighting companies are integrating lighting products with IoT technology to enable remote user management and control lighting in the office, work environment and urban infrastructure. IoT technology is widely used in homes and workplaces to integrate and control indoor and outdoor lighting fixtures. Beacons, which are small Bluetooth radio transmitters that transmit signals to other devices, are used to enable wireless control of lighting and relay the location of fixtures.

Market overview of electric lighting equipment
The electric lighting equipment industry consists of the sale of electric lighting equipment by entities (organizations, individual entrepreneurs and partnerships) that produce electric light bulbs and tubes, as well as parts and assemblies (except for glass blanks for electric light bulbs) or electric lighting fittings (except for automobiles). ), non-electric lighting equipment, lampshades (except glass and plastic ones) and parts of lighting fixtures (except current-carrying wired devices).

Learn more about the Global Electric Lighting Market Report at:
https://www.thebusinessresearchcompany.com/report/electric-lighting-equipment-global-market-report

TBRC’s 2022 Global Electric Lighting Market Report contains the following information:
Market size data
• Forecast period: historical and future
• By region: Asia Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• By country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Market segmentation
• By type: general lighting, automotive lighting, background lighting.
• By Application: Residential, Commercial, Automotive, Other
• Sales channels: OEM, aftermarket
• By mode: online, offline
• Sub-segments covered: incandescent lamps, halogen lamps, high intensity discharge lamps (HID), linear fluorescent lamps (LFL), compact fluorescent lamps (CFL), light emitting diodes (LED), automotive halogen lamps, automotive LED lamps, cold lamps. Cathode fluorescent lamps (CCFL), backlight-light emitting diode
• By geography: the global market for electric lighting equipment is divided into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, the Middle East and Africa. Among these regions, the Asia-Pacific region has the largest market share.

Major market players such as Stanley Electric Co ltd, Panasonic Corporation, Robert Bosch GmbH, Eaton Corporation plc, Acuity Brands Inc., OSRAM GmbH, Alstom SA, Toshiba Corporation, Hubbell Incorporated and LG Electronics.
Trends, opportunities, strategies and more.

2022 Global Electric Lighting Equipment Market Report one of Detailed reports of Business Research Company which gives an overview of the electric lighting equipment market. The market report analyzes the global Electric Lighting Equipment Market Size, Electric Lighting Equipment Market Share, Electric Lighting Equipment Market Growth Drivers, Global Electric Lighting Equipment Market Segments, Major Players of the Global Electric Lighting Equipment Market, Electric Lighting Equipment Market Growth by Geographic Regions, and Electric Lighting. revenues of competitors in the equipment market and market positioning. The Electric Lighting Market Research Report provides insight into opportunities and strategies, and identifies countries and segments with the highest growth potential.

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About the business research company
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