(I-BusinessNews.Com, February 04, 2019 ) The Business Research companyÂs electric lighting equipment manufacturing global market report, covers the year-on-year growth of the global electric lighting equipment manufacturing market historic and forecast growth. it also includes chapters on the electric lighting equipment manufacturing market trends, geographical analysis, and competitive landscape.
The global electrical lighting equipment manufacturing market size is expected to reach $115 billion by 2022, significantly growing at a CAGR of around 3% during the forecast period.
Electric Lighting Equipment Manufacturing Market Trends
The electrical lighting equipment manufacturing market consists of sales of electrical lighting equipment by entities (organizations, sole traders and partnerships) that produce electric light bulbs and tubes, and parts and components (except glass blanks for electric light bulbs) or electric lighting fixtures (except vehicular), nonelectric lighting equipment, lamp shades (except glass and plastics), and lighting fixture components (except current-carrying wiring devices).
Major lighting companies are integrating lighting fixtures with IoT technology to enable remote user control and for controlling lighting in office, work environment and city infrastructure. IoT technology is widely being used in homes and work places to integrate and control internal and external light fixtures. Beacons, which are small Bluetooth radio transmitters that give signals to other devices, are used to enable wireless lighting control and broadcast the location of fixtures. For instance, Belles, a smart lighting designer based in Cambridge, offers wireless lighting control and broadcast location through
The global electric lighting equipment manufacturing market is primarily driven by rise in disposable income, increase in disposable income and increasing population and demand.
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The global electric lighting equipment manufacturing market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
With greater stability in the oil and gas industry and high consumption of refined petroleum, the global electric lighting equipment manufacturing market is expected to increase in potential and scope. TBRCÂs report also covers the electric lighting equipment manufacturing drivers and restraints in the market.
The global electric lighting equipment manufacturing marketÂs segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the global electric lighting equipment manufacturing market report are General Electric Corporation, Panasonic Corporation, Koninklijke Philips NV, Eaton Corporation Plc, OSRAM GmbH.
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