Press release
General Lighting Market Report 2023 By Trends, Share, Growth And Forecast To 2032 | Schneider Electric, Panasonic, Koninklijke Philips N.V., General Electric, Acuity Brands
General Lighting Market Trends
As per the general lighting market report by The Business Research Company, the continuous increase in the rate of construction activities increases the demand for general lighting globally. Lighting equipment is required in office spaces and apartments and with increasing construction activities, the requirement for such lighting also increases. According to a report by Global Construction Perspectives and Oxford Economics, the global construction market is forecast to grow by over 70% by 2025.
The global general lighting market size will grow from $87.74 billion in 2022 to $93.93 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global general lighting market size is expected to grow to $119.85 billion in 2027 at a CAGR of 6.3%.
Read More On The General Lighting Market Report Here:
https://www.thebusinessresearchcompany.com/report/general-lighting-global-market-report
Major competitors in the General Lighting market include Schneider Electric, Panasonic, Koninklijke Philips N.V., General Electric, Acuity Brands, Cree Inc., Eaton, Bridgelux, and Citizens Electronics.
The General Lighting market is segmented -
1) By Product Type: LED, CFL, LFL, HID, Halogens, Incandescent, Other Products
2) By End User: Residential, Commercial, Outdoor, Industrial, Other End-Users
3) By Application: General Lighting, Automotive Lighting, Backlighting, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the General Lighting market.
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General Lighting are the devices that work within an electronic system to have an effect on their associated fields. These components have a number of electrical terminals that are connected to form an electronic circuit with a particular function, such as an amplifier or oscillator.
The Table Of Content For The General Lighting Market Include:
1. Executive Summary
2. General Lighting Market Characteristics
3. General Lighting Market Trends And Strategies
4. General Lighting Market - Macro Economic Scenario
5. General Lighting Market Size And Growth
……
26. Africa General Lighting Market
27. General Lighting Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The General Lighting Market
29. General Lighting Market Future Outlook and Potential Analysis
30. Appendix
The "Global General Lighting Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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