General Lighting Market 2016 to 2020 Global Analysis, Research and Forecast

The report covers the present scenario and the growth prospects of the global general lighting market for 2016-2020. To calculate the market size, the report covers the revenue generated from the sales of general lighting products across these five segments: residential, commercial, outdoor, industrial, and architectural.

The report covers the present scenario and the growth prospects of the global general lighting market for 2016-2020. To calculate the market size, the report covers the revenue generated from the sales of general lighting products across these five segments: residential, commercial, outdoor, industrial, and architectural.

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The analysts forecast global general lighting market to grow at a CAGR of 5.45% during the period 2016-2020. The lighting industry includes general lighting, automotive lighting, and backlighting. The general lighting market is the major revenue-generating segment, followed by automotive lighting and backlighting. The general lighting market includes lighting applications for residential, industrial, commercial, architectural, and outdoor purposes. The commercial and residential segments are the major drivers for the general lighting market. The general lighting can be either traditional or LED lighting. The traditional lightings are categorized into LFLs, CFLs, and others which include incandescent bulbs, halogens, and high-intensity discharge (HID) lights. The traditional lighting market will observe a decline in the sales due to the rising popularity of LED.

The following companies are the key players in the global general lighting market: General Electric, Koninlijke Philips N. V., OSRAM, Panasonic, and Schneider Electric. Other Prominent Vendors in the market are: Acuity brands, Advanced Lighting Technology, Bridgelux, Citizens Electronics, Cooper Lighting, Cree, Dialight, Dongguan Kingsun Optoelectronic, Energy Focus, Everlight Electronics, Intematix, Lemnis Lighting, LG Innotek, Luminus Devices, Nichia, NVC Lighting Technology, Seoul Semiconductor, Toshiba, and Toyoda Gosei.

The market is divided into the following segments based on geography: America, APAC and EMEA

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A trend that will positively impact market growth is the increasing demand for architectural lighting fixtures. With the growing sophisticated lifestyle and the increasing trend of decorating domestic interiors, the Chinese market is seeing demand for personalized luminaires. Architectural lighting is used to emphasize the important features of a building or a setting. It can be floor luminaires, outdoor floodlights, and decorative lamps that come in different shapes and sizes. Philips has introduced its stylish range of lighting known as Hue, which can connect with Nest Thermostat and fire alarm and sense the presence in the home to switch on the lights and detect smoke and emit red light.

According to the report, a key growth driver is the increasing urbanization in countries around the globe. The increasing urbanization particularly from emerging economies has led to the increasing demand for lighting devices for the growing number of households. It is expected that the demand for lighting sources in the residential sector will grow at a rate of 5.08% during the forecast period. As the residential sector is the major revenue contributor in the global general lighting market, the growth in the residential sector is analogous to the growth in this market. In addition, the rise in the number of households will foster growth in two ways: By increasing the demand for new lighting source installations and by increasing the number of lamps/light sources sold in the aftermarket.

Further, the report states that one challenge that could impede market growth is the absence of standardization of LED lights across the globe. A number of countries have passed stringent legislation for the use of energy-efficient technologies. The specifications and standards for LED lighting vary in different countries. As there is no single international standard for LED lighting, it acts as a hurdle for vendors as they need to qualify the standards for the countries where they want to do business. This prevents the vendors from entering the foreign markets. There is also a lack of industry-wide dimming standards for LED lighting. This can adversely affect the adoption rate of LED lighting products.

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