lighting Market

MARKET INTRODUCTION

The lighting industry has been witnessing revolutions in terms of products and technology. Lighting today has become quintessential, and advancements in the lighting technology have made the lighting market more expandable. Thus, several new companies are entering the lighting industry, fueling the growth of the lighting market in the years to come.

MARKET DYNAMICS

The lighting market is anticipated to grow in the forecast period owing to driving factors such as increasing building and construction activities coupled with demand for power-efficient illuminating systems. Reduction in prices of LED is further likely to augment market growth. However, the development of wireless technology is expected to offer a lucrative opportunity for the major players involved in the lighting market during the forecast period.

MARKET SCOPE

The "Global Lighting Market Analysis to 2028" is a specialized and in-depth study of the electronics and semiconductors industry with a special focus on the global market trend analysis. The report aims to provide an overview of lighting market with detailed market segmentation by type, application, technology, industry vertical, and geography. The global lighting market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading lighting market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global lighting market is segmented on the basis of type, application, technology, and industry vertical. Based on type, the market is segmented as Electrically-powered and Solar-powered. On the basis of the application the market is segmented as architectural lighting, signage, backlight, outdoor lighting, and others. By technology, the market is segmented as CFL, fluorescent, halogen, high intensity discharge (HID), light emitting diode (LED), and organic light emitting diode (OLED). The market on the basis of the industry vertical is classified as automotive, retail, corporate and government, hospitality, healthcare, marine and aerospace, agriculture, and others.

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