Lighting equipment manufacturing includes the production of lighting elements such as incandescent bulbs, fluorescent lamps, halogen incandescent bulbs, high intensity discharge [HID] bulbs, light emitting diodes [LED] with their fixtures, accessory components and products providing the illumination and artificial lighting. The new and advanced lighting elements are now holding global markets due to distinct manufacturing processes for every lighting element technology. The present capital equipment and technology markets for lighting equipment are in global flux as the traditional (incandescent) light bulb is now being displaced by market dynamics or as per the new regulation by more-efficient fluorescent consumer lighting like CFLs and LEDs. The electric lighting equipment manufacturing market are often classified into lamp Bulb, and fixture Manufacturing companies producing fixed and portable residential electric lighting, electric lighting for commercial, industrial, and institutional use.
According to the study, “Electric Lighting Equipment Manufacturing Global Market Report 2019” Some of the companies in the sector include Phillips Lighting Holding B.V., General Electric Company, OSRAM Licht AG, Cree, Inc., Cooper Industries, Inc., Virtual Extension, Dialight plc., Zumtobel Group AG, Samsung, Sharp Corporation Panasonic Corporation, Koninklijke, and Eaton Corporation
General Lighting segment was the most important segment within the electric lighting equipment manufacturing market majority of market share. This will be further attributed to comparatively high demand for light bulb bulbs and tubes from individual customers and commercial establishments. The increasing consumer demand for energy-efficient lighting systems, reduction in prices of LEDs, and high penetration of LEDs as a light-weight source within the general lighting market are expected to drive the expansion of this market.
Automotive Lighting segment was the second largest segment within the electric lighting equipment manufacturing market. Back lighting segment was the third largest segment within the electric lighting equipment manufacturing market. Major lighting companies are integrating lighting with IoT technology to enable remote user control and for controlling lighting in office, work environment and city infrastructure. IoT technology is widely getting used in homes and work places to integrate and control internal and external lighting fixtures. Supported application market is further segmented by an application residential, commercial, automotive segment
The increase in construction based activities driving global lighting market, Moreover growth is also attributed to government initiatives, lighting equipment requirement for schools, colleges, universities, hospitals, and institutions. Moreover, the construction industry has also been growing gradually in developed countries, such as in North America and Europe. Additionally, the construction activities have also registered significantly growth in developing regions, such as Asia Pacific, Latin America, and Middle East and Africa. Moreover, the light manufacturing companies are now more attentive for producing and selling lights (LEDs and CFLs) at low rates, so that people can afford and use it for a long period. The Asia Pacific region holds largest lighting market share, owing to increase in regional population and the demand for lighting equipment in residential, commercial, and industrial segments. Additionally, itis expected that market to grow substantially in the forecasted period owing to continuously increase in demand for innovative, durable, and affordable lighting equipment.
For More Information, click on the link below:-
Global Electric Lighting Equipment Manufacturing Market Research Report
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