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Lamp Market is expected to chart a profitable growth map over the coming years, owing to the extensive product usage across the residential, household, healthcare, commercial, hospitality, automotive, retail, and industrial sectors. This product is heavily deployed in public spaces & highways subject to its beneficial features such as low replacement costs and less power consumption. Favorable government policies for improving the lighting amenities across remote regions will lucratively impact global lamp industry trends.Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/1566
U.S. is one region which is expected to hold a prominent position in the global market. Increasing consumer inclination toward energy saving bulbs and growing trends of retrofitting energy competent products is leaving a direct impact on U.S lamp market outlook. Fluorescent technology has observed an increasing penetration in the regional market across various utility domains. Alongside, standardization set by the U.S. Department of Energy related to fluorescent lamp ballast efficiency is expected to add a remarkable value to U.S. lamp industry.
Asia Pacific lamp market is also expected to chalk a lucrative growth curve in the years ahead, subject to the increasing spending in construction activities along with surging demand for energy-efficient systems in this region. Presence of various manufacturers is equally complementing the business landscape.
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. Additionally, growing deployment of fluorescent and halogen bulbs across the hospitality, healthcare, and household sectors will influence the product demand positively.
Based on product trends, filament and electric discharge are the major two segmentations of lamp market. Driven by the surging demand for compact fluorescent lamps across residential and commercial arenas, electric discharge lamps are anticipated to cover a major share of the industry in the coming years. Some of the attributing features that are catalyzing the product adoption include minimal energy wastage, appropriate brightness, appropriate brightness, superior quality, and low glare.
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Comparatively filament lamp market will experience a moderate growth in the years ahead due to phasing out of incandescent lamps in most of the regions. However, large scale usage of halogen lamps in work lights, automotive headlights, and under cabinet lighting is expected to regain the revenue share.
Some of the prominent key players actively participating in lamp market include Toshiba Corporation, Amglo Kemlite Laboratories, Stanley Electric Company Limited, Eye Lighting International, Koninklijke Philips N.V., Eye Lighting International, Federal Mogul Corporation, and EiKO Limited.
Some Points From Table Of Content: -
Chapter 5 Lamp Industry, By Application
5.1 Lamp industry 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.gminsights.com/toc/detail/lamp-market
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