About Artificial Light Sources
Artificial Light Sources are the medium by which one can get light via electricity such as incandescent, fluorescent and LED. These sources work on the principle of thermal excitation or luminescence, on one hand, discharge sources on the other hand. The most famous light used now a day is LED,s because they are based on electroluminescence property and are having a wide variety of application through end-users. The rising trend of technological effort is aimed at producing light that will resemble natural daylight (sunlight) enhancing the features of artificial light sources. The rising demand for these light sources throughout the globe is one of the biggest driving factors in this industry.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that Japan Manufacturers will contribute the maximum growth to Global Artificial Light Sources market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Philips (Netherlands), LEDVANCE (Germany), NEC Lighting (Japan), KEYENCE (Japan) and USHIO LIGHTING (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Artificial Light Sources market by Type (First Generation (Incandescent Lamps), Second Generation (Fluorescent Lamps) and Third generation (Light Emitting Diodes)), Application (Residential and Commercial) and Region.
On the basis of geography, the market of Artificial Light Sources 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).
Influencing Trend:
Rising Trend of Smart Lights That operates through Voice Recognition, Different Varieties of Colors that can Chossen According to the Preference of Consumers and Adoption IoT in these Lights
Market Growth Drivers:
The Rising need for Electricity Globally has Made it Necessary to have Artifical Lights, Artificial light gives extra time for work, studies, and leisure and Artificial Light helps to Increase Safety of a Consumers Space
Challenges:
Issues Related to Environmental Concerns by these Sources and Concern Towards the Electricity Used by these Sources
Restraints:
Release of Harmfull Gases From these Sources such as Ultraviolet and Infrared Lights and High Cost Of these Light Sources
Opportunities:
Increasing Consumer Preference Towards Different Varieties of Designed Lights and Growing Number of Commercial Spaces Globally will, in turn, Give the Need For Light Souces
Market Leaders and their expansionary development strategies
In January 2021, Ushio Deutschland GmbH, the German company of Ushio Europe, merged with BLV Licht- und Vakuumtechnik GmbH, a sister company and producer of horticultural lighting systems. The combined company operates as Ushio Germany GmbH. Ushio Europe is a specialty lighting producer with manufacturing and testing facilities for UV, visible and infrared lighting solutions.
In January 2021, Philips extends its leadership in patient care management solutions for hospitals acquired by Capsule Technologies, Inc. Capsule's platform captures streaming clinical data and transforms it into actionable information for managing patient care, improving patient outcomes, and improving collaboration across care teams. , streamline clinical workflow, and increase productivity.
Key Target Audience
Artificial Light Sources Manufactures, Artificial Light Sources Distributors, Electronics Industries, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.