Lighting Product Market – Analysis and Forecast (2016-2024)
Lighting Product Market is estimated to surpass $0.220 Trillion market in 2019 and reach USD 0.3 Trillion by 2024, at a Compound Annual Growth Rate (CAGR) of 5.5% during the forecast period 2016-2024 globally. Lighting Product is having a major impact on rising industries and household sector alike consequently changing the face of global economy in upcoming future. Accordingly, 242.63 Billion lighting products are to be produced in the market by 2020, product efficiency and growing demand being the major driving force. An efficient Lighting Product market to manage such high device volumes, diversity, and geographies is the need of the time.
Mainly in Lighting Product Market, product segment is usually named as Standalone Type. Standalone Type covers LED Tubes & Bulbs, Incandescent, T8 LED Tubes & Bulbs, and High Intensity Discharge. Of these, the LED tubes will hold largest market i.e. around 50% in the forecast period. Simultaneously other product segments are expected to lose their shares in the forecast period.
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Basically key applications consist of Residential Lighting, Table Lamp, Floor Lamp, Desk Lamp, Commercial Lighting, Industrial Lighting, Outdoor Lighting (Street Lights, Parking Garage, Landscape, etc.) and others. Amongst these, Outdoor Lighting is estimated to grow at higher rate in the forecast period. Usage in the usage of LEDs at outdoor places has increased in last few decades. Usually, parking areas and traffic lights install it prominently.
Lighting Fixture spending will reach XX billion in 2018, making it the third largest industry segment in Lighting Product Market. The leading consumer use cases will be related to the Application. Retailers of Lighting Product Market will experience strong spending growth over the forecast period with an overall CAGR of over XX%.
The market on the basis of geography is segmented by North America, Asia-Pacific, Europe, Middle East & Africa and Latin America. APAC is going to emerge as one of the highest growing region in forecast period followed by Europe. Increasing manufacturing and sales of the product and technology in the country such as North America will fuel the Lighting Product Market.
Maximize Market Research has comprehensively analyzed Lighting Product Market emphasizing on each and every segment keeping global and regional dynamics in perspective. The driving forces, as well as considerable restraints, have been explained in depth to attain a balanced scenario in the market. Report classifies Lighting Product Market into various segments such as Product, Application, Lighting Fixture, Retailers and Regions providing the thorough understanding of the Lighting Product. Importantly, the report delivers forecasts of the market, giving an insight into the future opportunities that exist in the Lighting Product Market.
The Scope of the Lighting Product Market:
Lighting Product Market, By Product:
LED Tubes & Bulbs, T8 LED tubes & bulbs and Others (Incandescent, High Intensity Discharge)
Lighting Product Market, By Application:
Residential Lighting, Table Lamp, Floor Lamp, and Desk Lamp, Commercial Lighting, Industrial Lighting, Outdoor Lighting (Street Lights, Parking Garage, Landscape, etc.) and Others
Lighting Product Market, By Lighting Fixture:
Ceiling Fixtures, Recessed Lighting Fixture, Strip Light Fixture and Others (Chandeliers, Pendants, etc.
Lighting Product Market, By Retailers:
The Home Depot, Lowes Target, Wal-Mart, Bed Bath & Beyond, Sam’s Club, Costco, and Menards
Lighting Product Market, By Geography:
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North America, Europe, Asia Pacific, Middle East & Africa and Latin America
Key Players of the Lighting Product Market:
Home Depot
Lowes
Target
Wal-Mart
Bed Bath & Beyond
Sam’s Club
Costco
Menards
Philips
Kim Lighting
Innovative Lighting
Cree
Baja Designs
Grote
Rigid Industries
DECO Lighting
BIOS
LSI Industries
Nichia
Osram
Brightlux
Everlight
Epistar
Osram
Moser Baer
Oreva
SYSKA
Eveready
Havells
Wipro
Browse Full Report with Facts and Figures of Lighting Product Market Report at: https://www.maximizemarketresearch.com/market-report/lighting-product-market/11116/
MAJOR TOC OF THE REPORT
Chapter One: Lighting Product Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Lighting Product Market Competition, by Players
Chapter Four: Global Lighting Product Market Size by Regions
Chapter Five: North America Lighting Product Revenue by Countries
Chapter Six: Europe Lighting Product Revenue by Countries
Chapter Seven: Asia-Pacific Lighting Product Revenue by Countries
Chapter Eight: South America Lighting Product Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Lighting Product by Countries
Chapter Ten: Global Lighting Product Market Segment by Type
Chapter Eleven: Global Lighting Product Market Segment by Application
Chapter Twelve: Global Lighting Product Market Size Forecast (2019-2026)
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