The Business Research Company’s General Lighting Global Market Report – COVID-19 Impact And Recovery
The Business Research Company’s General Lighting Market Report – COVID-19 Impact And Recovery
LONDON, GREATER LONDON, UK, September 17, 2021 /EINPresswire.com/ — Companies are increasingly using Li-Fi (Light Fidelity) networks to manufacture general lighting equipment. Li-Fi is a wireless optical networking technology that uses light-emitting diodes (LEDs) for data transmission. The Li-Fi bulbs are equipped with a small chip that modulates the light used for data transmission with speeds up to 224 gigabits per second. Keeping up with the trend, in 2018, VLNComm, a USA based provider of Li-Fi technology, launched its LumiNex LED panel. LumiNex LED panel is a Li-Fi-enabled general lighting luminaire that is capable of providing 108Mbps download speed. In 2018, Philips, a Netherland based electrical provider, announced its own Li-Fi platform. The platform is being used by a French real estate investment company Lcade.
The global general lighting market size is expected to grow from $99.44 billion in 2020 to $102.97 billion in 2021 at a compound annual growth rate (CAGR) of 3.5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The general lighting market is expected to reach $140.71 billion in 2025 at a CAGR of 8%.
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TBRC’s global general lighting market report is segmented by product type into LED, CFL, LFL, HID, halogens, incandescent, others, by end user into residential, commercial, outdoor, industrial, others, by application into general lighting, automotive lighting, backlighting, others.
Major players covered in the global general lighting market are Schneider Electric, Panasonic, Koninklijke Philips N.V., GENERAL ELECTRIC, Acuity Brands, Cree, Inc., Eaton, Bridgelux, Citizens Electronics, OSRAM, Selux Corp, Zumtobel Group AG, Signify Holding, Wipro Lighting, Häfele, Hubbell, Amerlux, Decon Lighting Pvt. Ltd., 3G Lighting, NICOR Lighting, Axis Lighting, Louis Poulsen, Vantage Lighting, v2 Lighting Group, SPI Lighting.
General Lighting Global Market Report 2021 – By Product Type (LED, CFL, LFL, HID, Halogens, Incandescent), By End User (Residential, Commercial, Outdoor, Industrial), By Application (General Lighting, Automotive Lighting, Backlighting), COVID-19 Impact And Recovery is one of a series of new reports from The Business Research Company that provides general lighting market overview, forecast general lighting market size and growth for the whole market, general lighting market segments, and geographies, general lighting market trends, general lighting market drivers, restraints, leading competitors’ revenues, profiles, and market shares.
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Electric Lighting Equipment Global Market Report 2021 – By Type (General Lighting, Automotive Lighting, Back Lighting), By Application (Residential, Commercial, Automotive), By Sales Channel (OEM, Aftermarket), By Mode (Online, Offline), COVID-19 Impact And Recovery
Smart Lighting Global Market Report 2021 – By Product (Smart Bulbs, Fixtures, Lighting Controls), By Application (Commercial, Government, Residential), By Light Source (LED, HID), By Communication Technology (Wired, Wireless), COVID-19 Implications And Growth
Automotive Lighting Global Market Report 2021 – By Vehicle Type (Passenger Vehicle, Commercial Vehicle), By Technology (Halogen, Xenon/HID (High-Intensity Discharge Lamp), LED (Light Emitting Diode)), By Application (Front/Headlamps, Rear Lighting, Side, Interior Lighting), COVID-19 Impact And Recovery
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