Lamps and Luminaire Market
Lamps and Luminaire Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Lamps and Luminaire Market Size and Growth
The global lamps and luminaire market is experiencing significant growth, driven by increased demand for energy-efficient lighting solutions. Valued at approximately $100 billion in 2023, the market is projected to expand at a CAGR of 5% through 2030, influenced by technological advancements and sustainability initiatives in various sectors.
Companies Covered (Covid 19 Impact Covered)
◍ GE (USA)
◍ Acuity Brands Lighting, Inc. (USA)
◍ Thomas Lighting (USA)
◍ Fagerhults Belysning AB (Sweden)
◍ Amerlux, LLC (USA)
◍ Holophane, Inc. (USA)
◍ Juno Lighting Group (USA)
◍ FW Thorpe Plc (UK)
◍ ELK Group International, Inc. (USA)
◍ Havells India Limited (India)
◍ Crompton Greaves Ltd. (India)
◍ Cree, Inc. (USA)
◍ Bajaj Electricals Ltd. (India)
◍ Lithonia Lighting Company (USA)
◍ Eaton Corporation plc (Ireland)
◍ American Electric Lighting (USA)
◍ Feilo Sylvania (UK)
The Lamps and Luminaire Market features key players like GE, Acuity Brands, and Cree, driving innovation with energy-efficient solutions and smart lighting technologies. Their product diversity boosts market growth by addressing various consumer needs, enhancing visibility, and improving energy efficiency.
Notable sales include Acuity Brands: ~$3 billion, Cree: ~$1 billion.
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Market Segmentation
By Application
Automotive Lighting
General Lighting
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By Product
Portable
Non-Portable
Market Growth
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$ X Billion USD
