Precision Business Insights has published a report on the global lighting fixtures and lamps market, estimating its value at USD 137.7 million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 4.3% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/lighting-fixtures-and-lamps-market
Market Definition:
An electrical lighting equipment with one or more light sources, like lamps, and all the auxiliary parts needed to operate it to illuminate the surroundings is called a light fixture (US English), light fitting (UK English), or luminaire. Every light fixture has one or more lights and a fixture body. Depending on the LED fixture, the bulbs may be hard-wired in place or in sockets for convenient replacement.
Drivers:
1) Increasing in demand for hospitality industry
2) Rising prevalence of construction industry
The global Lighting fixtures and lamps market segmentation:
1) By Type: LED Lighting Fixtures, Fluorescent Lighting Fixtures, Incandescent Lighting Fixtures, Halogen Lighting Fixtures, High-Intensity Discharge (HID) Lighting Fixtures.
2) By Application: Residential, Commercial, Industrial.
Based on its Type a fluorescent tube, also known as a fluorescent lamp, is a low-pressure mercury vapor gas discharge lamp that generates visible light by fluorescence. Mercury vapor is excited by an electric current in the gas, producing ultraviolet light and causing the lamp's phosphor coating to shine. Although they are less efficient than the majority of LED lights, fluorescent lamps are far more effective than incandescent lamps at converting electrical energy into useable light.
Regional Overview:
The report also examines the current concerns and their Future Effects on the lighting fixtures and lamps market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the lighting fixtures and lamps market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
· North America (U.S., Canada)
· Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
· Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
· Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
· Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The key players profiled in the global lighting fixtures and lamps market report are Acuity Brands Lighting, Inc., General Electric Company, OSRAM Licht AG, Koninklijke Philips N.V., Panasonic Corporation, Cree, Inc., Eaton Corporation, Hubbell Incorporated, Zumtobel Group, Soraa Inc.
About Precision Business Insights:
We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.
Precision Business Insights offers a variety of cost-effective and customized research services to meet research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.
Contact:
Mr. Satya
Precision Business Insights | Toll Free: +1 866 598 1553
Email: [email protected]
Kemp House, 152 – 160 City Road, London EC1V 2NX
Web: https://precisionbusinessinsights.com/ | D U N S® Number: 852781747
