Market Research Analysis Lighting Product Market 2021: Analysis By Material | Page 2

Lighting Fixture and standalone are the components could be explored in the forecast period. Lightening fixture sector
comprises strip light fixture, recessed lighting fixture, and ceiling fixture. Whereas standalone sector comprises T8 led
bulbs & tubes, led tubes and bulbs, and others. Led tubes and bulbs sector accounted for the substantial market share
of lighting product and are estimated to lead the overall market in the years to come.
The market may be categorized based on applications like commercial, residential, outdoor, industrial, and others that
could be explored in the forecast period. Residential lighting comprises a desk lamp, table lamp, floor lamp, and others.
The industrial sector accounted for the significant market share of lighting product and is estimated to lead the overall
market in the years to come. The reason could be developing industrial sector in developing countries like India, Japan,
and China. In addition, the residential sector is estimated to grow at highest CAGR in the years to come.
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Globally, Asia Pacific accounted for the substantial market share of lighting product and is estimated to lead the overall
market in the years to come. The reason behind the overall market growth could be the presence of key manufacturers
in this region and rising use in industrial automation in developing countries. The developing countries like Japan, India,
and China are the major consumers of lighting product in this region.
North America and Europe are also estimated to have a positive influence on the future growth. North America is the
second largest region with significant market share. However, Europe is estimated to grow at the highest CAGR in the
forecast period.
The key players of lighting product market are FSL, Philips Electronic, OPPLE, GE Lighting, Hafele, Panasonic, LSI
Industries, CREE, DECO Lighting, OSRAM, Acuity Brands, SAMSUNG, PAK, and Toshiba. These players are concentrating
on inorganic growth to sustain themselves amidst fierce competition.
Market Segment:
The reports help answer the following questions:
• What is the current size of the lighting product market in the world and in the top 10 global countries?
• How much lighting products are produced in the world and in the top 10 global countries?
• How is the market split into different types of lighting products?
• How are the overall market and different product types growing?
• How is the market predicted to develop in the future?