Press release
Lighting Product Market Is Expected To Reach The Value Of US$ 179.81 Bn by 2031
The global lighting products market is negatively affected by the COVID-19 pandemic. Lockdown and shutting down businesses led to disruptions in value chain. The COVID-19 pandemic has weakened all businesses including the lighting products market. The market witnessed a slump in revenue and sales after the COVID-19 pandemic broke out. Several governments issued strict lockdowns and travel restrictions that affected the manufacturing processes. This led to stopping of production processes and logistical operation, therby hampering market growth.Get Report Details- https://www.transparencymarketresearch.com/lighting-product-market.html
However, with the gradual opening of the global economy, the global lighting products market is expected witness staggered recovery in the upcoming months. While the declining construction activities could negatively impact the market, it is forecast to gain from the increasing investments in R&D activities to put renewable power to use. Manufacturers operating in the global lighting products market are making use of innovative business strategies to stay financially afloat. Manufacturers are taking efforts to recover from losses due to the COVID-19 outbreak and exploring different opportunities to overcome challenges in the global market. Rising applications of lighting products in various end-use industries is also creating value-grab opportunities.
Request a Brochure - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=36683
Increasing Applications in Residential Lighting Drives Global Market
Among key applications of lighting products, including residential, commercial, industrial, and outdoor applications, the residential lighting segment emerged dominant. The global lighting products market is gaining traction from the increasing use of LEDs at outdoor places over the past few years. Advanced lighting bulbs and lamps are increasingly being installed across parking areas and for traffic lights in emerging countries. These factors are indicative of a positive run that the lighting products market is forecast to witness in the global lighting products in the near future. The rising adoption of LED tubes and bulbs across the globe is driving the demand for lighting products. This trend is likely to become widespread across the residential sectors, thereby creating business opportunities for the market players across the globe.
Besides rising residential and non-residential construction, the global lighting products market is immensely gaining from the high demand for retrofitting and renovation across the globe. Recent technological advancements in lamps and bulbs aimed at providing improved energy efficiency have catapulted growth in this market. Not only in the household sector, the demand for energy-efficient lighting fixtures and products is rising across industries. This has paved way for several market players to come to the fore. Therefore, the increasing demand for highly efficient bulbs with long life spans will aid in the expansion of the global lighting products market.
Enquiry Before Buying- https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=36683
Increasing Installation of Bulbs and Lighting in Various End-use Industries to Fuel Market Growth
Light acts as an important change marker across almost every industry. The applications of light in different activities such as photography and interior design, among others, are growing with the rise in population. Rise in stringency in regulations in terms of inefficient lighting technologies and increase in government efforts toward sustainable development are key growth drivers. An aggressive decline in the prices of Light-Emitting Diode (LED), coupled with transformation in energy policies across the world, has been driving market growth. Moreover, attractive incentives and rebates provided by governments for the use of LED lighting several countries will leverage the demand.
The rising installation of bulbs and lighting fixtures across major applications will aid the expansion of the lighting products market across the globe. Growth witnessed in the residential and non-residential constructions will thus have an inevitable impact on the overall demand for lighting products. Besides new constructions, the demand for retrofitting advanced bulbs and tubes will emerge as a chief market driver.
How lighting products market will recover after covid-19 - https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=36683
More Trending Latest Reports by Transparency Market Research:
•Flexible Substrate Market- https://www.transparencymarketresearch.com/flexible-substrates-market.html
•Seismic Survey Equipment Market- https://www.transparencymarketresearch.com/seismic-survey-market.html
•Laser Diode Market- https://www.transparencymarketresearch.com/laser-diode-market.html
•RTC (Real-time Clock) IC Market- https://www.transparencymarketresearch.com/real-time-clock-ic-market.html
•Spintronic Devices Market- https://www.transparencymarketresearch.com/spintronic-devices-market.html
•System-On-Chip Market- https://www.transparencymarketresearch.com/soc-market.html
•Conventional and Rapid Prototyping Market- https://www.transparencymarketresearch.com/conventional-and-rapid-prototyping-market.html
•POP Display Market- https://www.transparencymarketresearch.com/middle-east-north-africa-pop-display-market.html
About Transparency Market Research
Transparency Market Research is a global market research reports company providing business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact Us:
Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Lighting Product Market Is Expected To Reach The Value Of US$ 179.81 Bn by 2031 here
News-ID: 2655813 • Views: …
More Releases from Transparency Market Research
Europe Insect Screen Market Poised for Steady Growth on the Back of Rising Healt …
The Europe Insect Screen Market continues to gain momentum, driven by heightened emphasis on public health, energy efficiency, and sustainable building solutions. Valued at US$ 285.4 Mn in 2024, the market is set to grow consistently and reach US$ 480.0 Mn by 2035, expanding at a CAGR of 5.0% during the forecast period.
Increasing focus on maintaining hygienic indoor environments, coupled with advancements in building technologies, is accelerating the adoption of…
Tennis Ball Machines Market to Reach USD 40.3 Million by 2035, Driven by Rising …
According to a new research report published by Transparency Market Research, the global tennis ball machines market was valued at US$ 27.4 Mn in 2024 and is projected to reach US$ 40.3 Mn by 2035, expanding at a CAGR of 3.4% from 2025 to 2035. The market is witnessing steady expansion driven by a surge in tennis participation, rising adoption of advanced training tools, and strong consumer preference for lightweight,…
Global Poultry Farming Equipment Market to Reach USD 6.7 Bn by 2034, Driven by A …
The global poultry industry is entering a new era of modernization as farms worldwide adopt advanced, automated equipment to meet soaring demand for poultry products. According to the latest market assessment, the global poultry farming equipment market was valued at US$ 4.1 Bn in 2023 and is projected to expand steadily at a CAGR of 4.5% from 2024 to 2034, reaching US$ 6.7 Bn by 2034. This growth is fueled…
Europe External Blinds Market Set to Reach USD 22.9 Billion by 2034, Driven by S …
The Europe External Blinds Market is positioned for steady growth over the next decade, with market value expected to rise from US$ 15.2 billion in 2023 to US$ 22.9 billion by 2034, expanding at a CAGR of 3.9% from 2024 to 2034. Increasing adoption of smart home solutions, rising environmental consciousness, and strong government regulations supporting energy efficiency are key factors contributing to this growth.
Introduction: External blinds have emerged as…
More Releases for LED
HSC LED Successfully Delivers Taxi LED Displays to Moldova
HSC LED [https://www.hscled.com/] is pleased to announce the successful completion of a major project involving the delivery of taxi LED displays to Moldova. This achievement underscores our dedication to providing high-quality, innovative LED display solutions to global markets.
Image: https://www.abnewswire.com/upload/2025/03/c632e02b61fa3f45fb036d4012a026b5.jpg
This project involved the production and deployment of state-of-the-art taxi top LED displays, designed for high visibility, durability, and intelligent operation. Equipped with high brightness levels, waterproof protection, and efficient heat dissipation,…
Enhancing LED Lighting: What is a reflective LED light?
Nowadays, LED lights [https://www.cnblight.com/products/] have become the mainstream of lighting. There is an interesting question, why do LED lights in homes nowadays, whether they are desk lamps, pendant lamps, ceiling lamps, etc., often need to add a lamp shell? You should know that LED lights emit solid light, unlike traditional lamps such as incandescent lamps and fluorescent lamps, which require a lamp shell on the outside.
There are many reasons that…
Global Backlight LED Market| Global Backlight LED Industry | Backlight LED Marke …
The backlight LED market comprises of sales of Backlight LED & related services. LED backlight is a flat panel display that uses LED backlighting instead of cold cathode fluorescent (CCFL) backlighting. LED backlight displays also use thin-film-transistor liquid-crystal display (TFT LCD) technologies that offer better contrast and brightness, reduced energy consumption, greater color range more quick response to changes in the scene, and photorefractive effects. These displays are small chips…
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation li …
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation like Lamp-LED, Side-LED, TOP-LED, High-Power LED, SMD-LED, and Flip-Chip LED & more
The LED market is one of the quickly growing segments as they are replacing the traditional lighting equipment like bulbs due to their high efficiency and power saving capability. The LED packaging industry is also growing with innovations along with the LED industry as new technologies are being included…
Global LED Driver (LED Lighting Driver) Market Research Report
This report studies the global LED Driver (LED Lighting Driver) market status and forecast, categorizes the global LED Driver (LED Lighting Driver) market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other regions.
Get sample copy of the report:
https://www.marketdensity.com/contact?ref=Sample&reportid=68754
Table of Contents:
Table of Contents
Global LED Driver (LED Lighting Driver) Market Research Report…
LED Driver And Chipset Market - Tax Exemptions For LED Technology Encourage Use …
Transparency Market Research, in a report titled “LED Driver and Chipset Market - Global Industry Analysis, Trend, Size, Share and Forecast 2015 - 2021,” states that the global LED driver and chipset market is projected to expand at a remarkable CAGR of 23.20% during the forecast period. The report states that the outstanding growth of the overall LED market in recent times will push the value of the LED driver…
