General Purpose Lighting Equipment Market Scope
The global general purpose lighting equipment market is impacted by multiple factors. The macroeconomic environment has an impact on new building, which in turn has an impact on the number of lighting installations. The second reason is legislation governing energy efficiency and increased energy awareness, and the third is government action against energy sources. The background light levels in an area are referred to as "general lighting" or "ambient lighting." The majority of workstations provide a minimum level of general lighting in accordance with best practise guidelines to ensure safety and make it possible to comfortably and effectively carry out daily visual duties. A combination of artificial and natural light may be used to provide general illumination. It is now more frequently done to maintain minimal levels while consuming less energy by adjusting the brightness of artificial lighting in accordance with the quantity of natural daylight entering the space.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | PHILPS (Amsterdam), COOPER (United States), OSRAM (Austria), GE Lighting (United States), Warom Technology (China), Senben (China), Tormin (China), Ocean King Lighting (China), Panasonic (Japan), Schneider Electric (France), Advanced Lighting Technology (United States), Citizens Electronics (United States), Energy Focus (United States) and LG Innotek (South Korea) |
CAGR | % |
Due to the large number of regional and international companies worldwide, the market for general purpose lighting equipment market is fragmented. These significant firms, who hold a sizable portion of the market, are concentrating on growing their consumer base internationally. To expand their market share and profitability, these businesses are utilising strategic collaboration projects. Mid-size and smaller businesses are, however, expanding their market presence by gaining new contracts and by tapping into new markets as a result of technical improvements and product innovations. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global General Purpose Lighting Equipment market throughout the predicted period.
PHILPS (Amsterdam), COOPER (United States), OSRAM (Austria), GE Lighting (United States), Warom Technology (China), Senben (China), Tormin (China), Ocean King Lighting (China), Panasonic (Japan), Schneider Electric (France), Advanced Lighting Technology (United States), Citizens Electronics (United States), Energy Focus (United States) and LG Innotek (South Korea) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Nichia, Toshiba, MIC Electronics Ltd, Reiz Electrocontrols Pvt Ltd, InstaPower Ltd and Abby Lighting & Switchgear Ltd.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global General Purpose Lighting Equipment market by Type , by Application (Residential, Commercial and Outdoor Use) and Region with country level break-up.
On the basis of geography, the market of General Purpose Lighting Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2021.
Market Leaders and their expansionary development strategies
On October 20, 2021 Precision Lighting and Remote Controlled Lighting, two British lighting producers, have been acquired by Luminii, a U.S.-based global provider of LED lighting solutions. The company anticipates that this acquisition would help it improve its commercial presence and grow its clientele, and On December 23, 2020, Lightserve acquired Illumtek. Illumtek was purchased by Lightserve on December 23, 2020. Throughout the United States, Lightserve is a top supplier of specialised lighting distribution, maintenance, and retrofit solutions for industrial and commercial applications. The purchase is intended to increase the operation base in the United States.
On 11 January 2021 the introduction of Opple Lighting's new product line in India was announced. The V7 LED bulb has a wide beam angle more than 180 degrees, the US Spot Utility is a flicker-free clean beam, and the "HPB E-1" has a high lumen output of 100lm/w and is flicker-free. The EcoMax COB Spotlight also includes an innovative lens for a clean beam., and On 8 February 2021, Orient Electric announced the availability of its emergency LED lighting options, which offer backup lighting during a power loss for up to 4 hours. The product line consists of LED Bulkhead, LED Bulb, LED Batten, and LED Recess Panel.
There are several regulation depending on the nation and its laws, such as the EU and US having distinct rules governing the strength and brightness of lights. The market for general-purpose lighting equipment in United States is regulated by the US Department of Energy. A global authority and organisation that establishes lighting and colour standards is the International Commission on Illumination (CIE). Publishing commonly accepted measurements like the colour rendering index and several CIE colour spaces the classification of the illumination requirements of various architectural settings is made possible by the publication of recommendations, standards, and handbooks by the Illuminating Engineering Society (IES), in collaboration with groups like ANSI and ASHRAE.
General Purpose Lighting Equipment Market Dynamics:
Attributes | Details |
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Trends Influencing Market | - Increased use of smart lighting systems and LED display backlighting is anticipated to present productive expansion prospects
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- Decreased LED light production costs would create a profitable LED market opportunity
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Key Restraints | - The general purpose lighting equipment such as LED, Florescent lamp produces heat thus hampering the market growth
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- The general purpose lighting equipment are delicate power electronic product thus restricting the market growth.
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Challenges | - High cost of general purpose lighting technology challenges the market growth
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Market Opportunities | - Increasing energy awareness is creating a tremendous opportunity for the market
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- Increasing government initiative regarding adoption of LED Lights
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Key Target Audience
New Entrants and Investors, Government Bodies, Corporate Entities, Manufacturer and Others