The Business Research Company published its Electric Lighting Equipment Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global Electric Lighting Equipment market. The report provides in-depth analysis of the impact of COVID-19 on the market, along with revised market numbers due to the effects of the coronavirus.
The report covers the electric lighting equipment market’s segments- by type: general lighting, automotive lighting, back lighting, by application: residential, commercial, automotive, others, by sales channel: OEM, aftermarket, and by mode: online, offline. Subsegments covered are incandescent bulbs, halogen, high intensity discharge (HID) bulbs, linear fluorescent (LFL) bulbs, compact fluorescent lamps (CFL), light emitting diode (LED), automotive halogen bulbs, automotive light emitting diode (LED) bulbs, cold cathode fluorescent lamps (CCFL), back lighting-light emitting diode (LED).
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Electric Lighting Equipment Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
The global electric lighting equipment market is expected to decline from $129.5 billion in 2019 to $129.2 billion in 2020 at a compound annual growth rate (CAGR) of -0.3%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 9% from 2021 and reach $164.8 billion in 2023.
Major lighting companies are integrating lighting fixtures with IoT technology to enable remote user control and for controlling lighting in office, work environment and city infrastructure. IoT technology is widely being used in homes and workplaces to integrate and control internal and external light fixtures. Beacons, which are small Bluetooth radio transmitters that give signals to other devices, are used to enable wireless lighting control and broadcast the location of fixtures.
Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Electric Lighting Equipment Market Characteristic
4. Electric Lighting Equipment Market Product Analysis
5. Electric Lighting Equipment Market Supply Chain
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20. Electric Lighting Equipment Market Competitive Landscape
21. Key Mergers And Acquisitions In The Electric Lighting Equipment Market
22. Market Background: Electrical Equipment Market
23. Recommendations
24. Appendix
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Few Points From List Of Table
Table 1: Historic Market Growth, Value ($ Billion)
Table 2: Forecast Market Growth, Value ($ Billion)
Table 3: Global Electric Lighting Equipment Market, 2019, By Region, Value ($ Billion)
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Table 132: Global Electric Lighting Equipment Market In 2023- Growth Countries
Table 133: Global Electric Lighting Equipment Market In 2023- Growth Segments
Table 134: Global Electric Lighting Equipment Market In 2023- Growth Strategies
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