Lamp Market - Electric Discharge Product Segment Is Projected To Witnessed An Appreciable Growth By 2024
Date: 2020-03-03   Author: Ronak Bora  Category: #news

Lamp Market - Electric Discharge Product Segment Is Projected To Witnessed An Appreciable Growth By 2024

Lamp market from electric discharge product segment will register a significant annual growth rate over the coming seven years. Since the last decade, the requirement for CFLs has been increasing considerably, which will amplify lamp industry demand. Electric discharge lamps offer benefits like ease of reliability, superior efficiency, and a long shelf life, which will favorably influence the industry growth.

Indoor applications accounted for the largest revenue share in the application segment of lamp market in 2016 and will record a considerable growth rate over the coming years. Surging product demand across the commercial, industrial, and residential sectors will noticeably stimulate lamp industry share from indoor applications. Rising awareness regarding energy efficient products and the enhanced consumer living standards are the attributing factors for market growth. Shifting focus of consumers toward various electric lighting systems and designs for an appealing ex-factor will favor the product demand.

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Halogen lamps and CFLs produce about 90% and 80% of their energy as heat respectively resulting in high energy consumption costs. Shifting preference of consumers toward LEDs owing to their less energy consumption costs as compared to traditional halogen and fluorescent bulbs will pose a major threat to the lamp market growth over the forecast timespan. Various government initiatives to ban incandescent bulbs due to their inefficiency and implementation of LED bulbs have negatively affected the industry growth.

Regional Overview: -

North America:

Shifting trends toward the adoption of energy efficient products to consume less energy will stimulate the market growth. Presence of strong automotive base across this region will also fuel the demand for the product. Halogen lamps are increasingly used in the automobiles due to their ability to consume lesser energy as compare to incandescent bulbs. Replacing these lamps also costs lesser, subject to which North America lamp market will experience a significant growth.

Asia Pacific:

Asia Pacific lamp market will generate substantial revenue over the coming timeframe. Increasing expenditure on construction activities along with the surging requirement of energy efficient and eco-friendly lighting systems will fuel the market over the coming seven years. Stringent norms enforced by the government to deploy the energy efficient products will also impact notably on lamp market trends.

Lamp market competitors are Osram, Philips, and GE. Manufacturers are involved in collaborations, mergers, and partnerships to gain a competitive edge in the industry. Manufacturers focus on developing energy-efficient products to save electricity consumption. Enhanced products need to comply with industry standards in various wattage levels.

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Glimpse of Table of Content (ToC):  -

Chapter 4    Lamp Market, By Product

4.1    market share, by product, 2016 & 2024

4.2    Electrical Discharge Lamps

4.2.1    Market estimates and forecast, by region, 2013-2024

4.2.2    Fluorescent lamps

4.2.2.1    Market estimates and forecast, by region, 2013 – 2024

4.2.3    High density discharge lamps

4.2.3.1    Market estimates and forecast, by region, 2013 – 2024

4.3    Filament Lamps

4.3.1    Market estimates and forecast, by region, 2013-2024

4.3.2    Incandescent Lamps

4.3.2.1    Market estimates and forecast, by region, 2013 – 2024

4.3.3    Halogen Lamps

4.3.3.1    Market estimates and forecast, by region, 2013 – 2024

Chapter 5    Lamp Market, By Application

5.1    market share, by application, 2016 & 2024

5.2    Indoor Use

5.2.1    Market estimates and forecast, by region, 2013-2024

5.2.2    Residential

5.2.2.1    Market estimates and forecast, by region, 2013-2024

5.2.3    Commercial

5.2.3.1    Market estimates and forecast, by region, 2013-2024

5.2.3.2    Retail

5.2.3.2.1    Market estimates and forecast, by region, 2013-2024

5.2.3.3    Hospitality

5.2.3.3.1    Market estimates and forecast, by region, 2013-2024

5.2.3.4    Healthcare

5.2.3.4.1    Market estimates and forecast, by region, 2013-2024

5.2.3.5    Others

5.2.3.5.1    Market estimates and forecast, by region, 2013-2024

5.2.4    Industrial

5.2.4.1    Market estimates and forecast, by region, 2013-2024

5.3    Outdoor Use

5.3.1    Market estimates and forecast, 2013 – 2024

5.3.2    Market estimates and forecast, by region, 2013-2024

5.3.3    Highways

5.3.3.1    Market estimates and forecast, by region, 2013-2024

5.3.4    Public Places

5.3.4.1    Market estimates and forecast, by region, 2013-2024

5.4    Motor Vehicles

5.4.1    Market estimates and forecast, by region, 2013-2024

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/lamp-market



About Author


Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for algosonline and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport.

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