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Lamp Market Expected to Reach $70.07 Billion by 2030, Driven by Rising Demand for Energy-Efficient Lighting Solutions

07-02-2024 07:20 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

๐‹๐š๐ฆ๐ฉ ๐Œ๐š๐ซ๐ค๐ž๐ญ

๐‹๐š๐ฆ๐ฉ ๐Œ๐š๐ซ๐ค๐ž๐ญ

๐‹๐š๐ฆ๐ฉ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐€๐ฌ๐ข๐š ๐๐š๐œ๐ข๐Ÿ๐ข๐œ ๐ซ๐ž๐ ๐ข๐จ๐ง ๐ข๐ฌ ๐ž๐ฑ๐ฉ๐ž๐œ๐ญ๐ž๐ ๐ญ๐จ ๐ก๐จ๐ฅ๐ ๐ญ๐ก๐ž ๐ก๐ข๐ ๐ก๐ž๐ฌ๐ญ ๐ฌ๐ก๐š๐ซ๐ž ๐ข๐ง ๐ญ๐ก๐ž ๐ ๐ฅ๐จ๐›๐š๐ฅ ๐ฆ๐š๐ซ๐ค๐ž๐ญ.

๐‹๐š๐ฆ๐ฉ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐‘๐š๐ญ๐ž ๐…๐จ๐ซ๐ž๐œ๐š๐ฌ๐ญ:

The global lamp market, valued at US$ 50.91 billion in 2023, is expected to grow at a CAGR of 4.67% from 2024 to 2030, reaching US$ 70.07 billion by the end of the forecast period.

๐†๐ซ๐š๐› ๐˜๐จ๐ฎ๐ซ ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: https://www.maximizemarketresearch.com/request-sample/146863/

๐‹๐š๐ฆ๐ฉ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ƒ๐ฒ๐ง๐š๐ฆ๐ข๐œ๐ฌ ๐š๐ง๐ ๐ƒ๐ž๐ฆ๐š๐ง๐ ๐•๐š๐ซ๐ข๐š๐ญ๐ข๐จ๐ง๐ฌ: ๐–๐ก๐š๐ญ ๐’๐ก๐จ๐ฎ๐ฅ๐ ๐–๐ž ๐„๐ฑ๐ฉ๐ž๐œ๐ญ?

The market is witnessing steady growth driven by increasing demand across various applications such as residential, commercial, industrial, automotive, and highways. Government initiatives promoting energy-efficient lighting solutions are also contributing to market expansion.

๐‹๐š๐ฆ๐ฉ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

The lamp market comprises primarily of high-intensity and fluorescent lamps. Fluorescent lamps, which utilize mercury vapor and phosphorus coatings, are known for their energy efficiency, saving between 25% to 35% electricity compared to traditional incandescent bulbs.

๐‹๐š๐ฆ๐ฉ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐œ๐จ๐ฉ๐ž ๐š๐ง๐ ๐Œ๐ž๐ญ๐ก๐จ๐๐จ๐ฅ๐จ๐ ๐ฒ:

This comprehensive report analyzes the lamp market's past performance, current trends, and forecasts future market size. It employs detailed segmentation based on type, application, technology, products, and distribution channels to provide actionable insights.

๐‹๐š๐ฆ๐ฉ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐ƒ๐ฒ๐ง๐š๐ฆ๐ข๐œ๐ฌ: ๐–๐ก๐จ'๐ฌ ๐„๐ฑ๐ฉ๐ž๐ซ๐ข๐ž๐ง๐œ๐ข๐ง๐  ๐ญ๐ก๐ž ๐‡๐ข๐ ๐ก๐ž๐ฌ๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก?

In 2023, the Asia Pacific region dominated the market with a 37.7% share, driven by robust demand from countries like China and India. Europe and North America followed, showcasing significant market presence and adoption of advanced lighting technologies.

๐†๐ž๐ญ ๐˜๐จ๐ฎ๐ซ ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐š๐ง๐ ๐•๐ข๐ฌ๐ฎ๐š๐ฅ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐๐จ๐ฐ: https://www.maximizemarketresearch.com/request-sample/146863/

๐‹๐š๐ฆ๐ฉ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

โ€ข ๐“๐ฒ๐ฉ๐ž: The market is segmented into electric discharge lamps, filament lamps, LEDs, fluorescent lamps, halogen lamps, and others.
1.Electrical Discharge
2.Filament

โ€ข ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง: Indoor applications lead the market, driven by increased usage in residential, commercial, and industrial sectors.
1.Indoor
2.Outdoor

โ€ข ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ: LED technology is witnessing rapid adoption due to its energy efficiency and longevity.
1.LED
2.Fluorescent
3.Halogen
4.Others

โ€ข ๐๐ซ๐จ๐๐ฎ๐œ๐ญ๐ฌ: Various types include reading lamps, decorative lamps, and others.
1.Reading Lamps
2.Decorative Lamps
3.Others

โ€ข ๐ƒ๐ข๐ฌ๐ญ๐ซ๐ข๐›๐ฎ๐ญ๐ข๐จ๐ง ๐‚๐ก๐š๐ง๐ง๐ž๐ฅ: Both offline and online channels play crucial roles in product distribution and market reach.
1.Offline Channel
2.Online Channel

๐€๐œ๐œ๐จ๐ซ๐๐ข๐ง๐  ๐ญ๐จ ๐ญ๐ก๐ž ๐š๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง, indoor applications generated the largest revenue share and are anticipated to hold the top spot in the industry going forward. Growing lamp market utilization in the residential, commercial, and industrial sectors will fuel industry demand. Growing awareness of the advantages of energy-efficient lighting and growing living standards have driven up demand for these bulbs. The use of halogen and fluorescent lights in homes, hotels, and healthcare facilities is expanding quickly, which has stimulated market expansion. The market for lamps has expanded as a result of their growing use in a variety of indoor and outdoor applications, including vehicles, highways, businesses, and residences.

๐‹๐š๐ฆ๐ฉ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:

Key players in the global lamp market companies are focusing on product innovation, strategic collaborations, and expanding their regional presence to gain a competitive edge.

๐๐จ๐ซ๐ญ๐ก ๐€๐ฆ๐ž๐ซ๐ข๐œ๐š
1. Amglo Kemlite Corp
2. EiKO Global, LLC
3. Interlective Corp
4. General Electric
5. Maxlite
6. Eye Lighting International
7. Federal Mogul Corporation
8. Astec Industries Inc
9. Tenneco Inc.
10. Donghia Inc

๐„๐ฎ๐ซ๐จ๐ฉ๐ž
11. Osram Licht
12. Siemens AG
13. Philips Electronics

๐€๐ฌ๐ข๐š ๐๐š๐œ๐ข๐Ÿ๐ข๐œ
14. Hamamastu
15. Samsung
16. Havells India Ltd.
17. Bajaj Group
18. Ajanta Manufacturing Pvt. Ltd. (OREVA Group)
19. Panasonic Corporation
20. Stanley Electric Company

๐‚๐จ๐ง๐œ๐ฅ๐ฎ๐ฌ๐ข๐จ๐ง:

In conclusion, the global lamp market is poised for significant growth driven by technological advancements, increasing consumer awareness of energy efficiency, and favorable government regulations promoting sustainable lighting solutions. As market players continue to innovate and expand their offerings, the future looks promising for the lamp industry worldwide.

๐’๐ญ๐š๐ฒ ๐€๐ก๐ž๐š๐ ๐ข๐ง ๐š ๐‚๐จ๐ฆ๐ฉ๐ž๐ญ๐ข๐ญ๐ข๐ฏ๐ž ๐‹๐š๐ง๐๐ฌ๐œ๐š๐ฉ๐ž: https://www.maximizemarketresearch.com/market-report/lamp-market/146863/

๐“๐š๐›๐ฅ๐ž ๐จ๐Ÿ ๐‚๐จ๐ง๐ญ๐ž๐ง๐ญ๐ฌ: ๐‹๐š๐ฆ๐ฉ ๐Œ๐š๐ซ๐ค๐ž๐ญ

๐’๐ž๐œ๐ญ๐ข๐จ๐ง 01: Overview
๐’๐ž๐œ๐ญ๐ข๐จ๐ง 02: Report Scope for the Lamp Market
๐’๐ž๐œ๐ญ๐ข๐จ๐ง 03: Landscape of the Lamp Market
๐’๐ž๐œ๐ญ๐ข๐จ๐ง 04: Size of the Lamp Market
๐’๐ž๐œ๐ญ๐ข๐จ๐ง 05: Types of Lamp Market Segmentation
๐’๐ž๐œ๐ญ๐ข๐จ๐ง 06: Analysis of Competitive Forces
๐’๐ž๐œ๐ญ๐ข๐จ๐ง 07: Profile of Customers
๐’๐ž๐œ๐ญ๐ข๐จ๐ง 08: Geographic Analysis
๐’๐ž๐œ๐ญ๐ข๐จ๐ง 09: Decision-Making Framework
๐’๐ž๐œ๐ญ๐ข๐จ๐ง 10: Factors Driving and Hindering Growth
๐’๐ž๐œ๐ญ๐ข๐จ๐ง 11: Current Market Developments
๐’๐ž๐œ๐ญ๐ข๐จ๐ง 12: Assessment of Market Participants
๐’๐ž๐œ๐ญ๐ข๐จ๐ง 13: Detailed Analysis of Vendors

๐Š๐ž๐ฒ ๐ข๐ง๐ช๐ฎ๐ข๐ซ๐ข๐ž๐ฌ ๐š๐๐๐ซ๐ž๐ฌ๐ฌ๐ž๐ ๐ข๐ง ๐ญ๐ก๐ž ๐‹๐š๐ฆ๐ฉ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ข๐ง๐œ๐ฅ๐ฎ๐๐ž:

โ€ข What defines Lamp?
โ€ข What was the size of the Lamp market in 2023?
โ€ข What is the growth rate anticipated for the Lamp Market?
โ€ข Who are the leading companies and what are their offerings in the Lamp Market?
โ€ข Which region is experiencing the most rapid growth in the Lamp market?
โ€ข What are the various segments within the Lamp Market?
โ€ข Which segments are encompassed in the Lamp Market?
โ€ข Who are the key players in the Lamp market?
โ€ข What factors are expected to propel growth in the Lamp market?
โ€ข What is the projected CAGR for the ## market during the forecast period?
โ€ข What upcoming opportunities and trends are emerging in the Lamp Market?
โ€ข What recent industry trends could be implemented to enhance revenue streams?

๐Š๐ž๐ฒ ๐Ž๐Ÿ๐Ÿ๐ž๐ซ๐ข๐ง๐ ๐ฌ:

โ€ข Historical Market Size and Competitive Overview (2018-2022)
โ€ข Historical Pricing Trends and Regional Price Analysis (2018-2022)
โ€ข Market Size, Share, and Forecast for Different Segments (2024-2030)
โ€ข Market Dynamics: Growth Drivers, Restraints, Opportunities, and Key Trends by Region
โ€ข Market Segmentation: In-depth Analysis by Segment and Sub-segment, Across Regions
โ€ข Competitive Landscape: Profiles of Key Players from a Strategic Perspective, Across Regions
โ€ข Competitive Analysis: Market Leaders, Followers, and Regional Players
โ€ข Comparative Evaluation of Key Players Across Regions
โ€ข PESTLE Analysis
โ€ข PORTER's Analysis
โ€ข Value Chain and Supply Chain Analysis
โ€ข Legal Considerations for Business Operations by Region
โ€ข Identification of Lucrative Business Opportunities through SWOT Analysis
โ€ข Strategic Recommendations

๐€๐œ๐œ๐ž๐ฌ๐ฌ ๐Œ๐จ๐ซ๐ž ๐ƒ๐ž๐ญ๐š๐ข๐ฅ๐ž๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ:

1. Pet Furniture Market https://www.maximizemarketresearch.com/market-report/global-pet-furniture-market/86628/

2. Tea Market https://www.maximizemarketresearch.com/market-report/global-tea-market/19202/

3. Access Control Market https://www.maximizemarketresearch.com/market-report/global-access-control-market/27435/

4. Temporary Power Market https://www.maximizemarketresearch.com/market-report/global-temporary-power-market/105417/

5. India Refrigerator Market https://www.maximizemarketresearch.com/market-report/india-refrigerator-market/111015/

6. Vertical Farming Market https://www.maximizemarketresearch.com/market-report/global-vertical-farming-market/15221/

7. Dimethyl Ether Market https://www.maximizemarketresearch.com/market-report/global-dimethyl-ether-market/16581/

8. DNA Synthesizer Market https://www.maximizemarketresearch.com/market-report/dna-synthesizer-market/189258/

9. Maternal Health Market https://www.maximizemarketresearch.com/market-report/maternal-health-market/189366/

10. Solar Power Plant Market https://www.maximizemarketresearch.com/market-report/solar-power-plant-market/194196/

๐Ž๐ฎ๐ซ ๐€๐๐๐ซ๐ž๐ฌ๐ฌ:

MAXIMIZE MARKET RESEARCH PVT. LTD.
โฎ 3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
โœ† +91 9607365656
๐Ÿ–‚ sales@maximizemarketresearch.com
๐ŸŒ www.maximizemarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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01-15-2021 | Health & Medicine
Lumebience Salt Lamp
Lumebience Salt lamp Reviews-Does Lumebience Salt lamp Work-Complete Info
Lumebience Salt lamp: As we're all nicely aware of these daysโ€™s scenario, in which there's a splendid amount of pollution global, people cannot live their existence to the fullest. No depend wherein you're residing, whether or not within the US or some other u . S ., you will be going through the equal issues of pollutant air. Pollution is the main motive why many human beings suffer from allergiesโ€ฆ
04-09-2020 | IT, New Media & Software
supplydemandmarketresearch
Global High Intensity Discharge HID Lamp Market By Type (Gas Discharge Lamp, Hig โ€ฆ
The Global High Intensity Discharge HID Lamp Market 2020 report implement in-depth research of the industry with a focus on the current market trends future prospects. The Global High Intensity Discharge HID Lamp Market report aims to provide an overview of High Intensity Discharge HID Lamp Market players with detailed market segmentation by product, application and geographical region. It also provides market share and size, revenue forecast, growth opportunity. Theโ€ฆ