LED Globe Bulbs
LED Globe Bulbs Market Size and Growth
The LED globe bulbs market is experiencing significant growth, driven by rising energy efficiency demands and consumer preferences for sustainable lighting solutions. As of 2023, the market size is projected to reach approximately $2.5 billion, with a compound annual growth rate of around 8%, reflecting strong adoption across residential and commercial sectors.
Companies Covered (Covid 19 Impact Covered)
◍ "Philips"
◍ "Westinghouse"
◍ "TCP"
◍ "Geeni"
◍ "Bioluz"
◍ "Torchstar"
◍ "Sunco Lighting"
◍ "GE"
◍ "iLC"
The LED Globe Bulbs market is competitive, with companies like Philips, GE, and TCP leading through innovation, diverse product offerings, and energy efficiency. They enhance market growth via advertising and strategic partnerships. Sales figures include:
- Philips: €7.8 billion (lighting segment)
- GE: $21.46 billion (total revenue)
- TCP: $290 million.
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Market Segmentation
By Application
◍ "Outdoor Lighting"
◍ "Indoor Lighting"
By Product
◍ "Bellow 10 Watt"
◍ "10-19 Watt"
◍ "20-29 Watt"
◍ "30-49 Watt"
◍ "50-59 Watt"
◍ "60-69 Watt"
◍ "Above 70 Watt"
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Market Growth
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$ X Billion USD
