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- The latest edition of the UK Lighting Market Report 2024-2028 offers analysis of the UK markets current state and forecasting significant trends over the next five years. This report presents detailed insights into the market dynamics, driven by technological advancements, environmental considerations, and changing consumer preferences.
www.amaresearch.co.uk/led-technologies-driving-uk-lighting-market/
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The UK Lighting Market Report 2024-2028 includes detailed analysis of market size, summary, trends, and product innovations such as LED lighting.
The global lighting industry reached a value of about USD 128.76 billion in 2023. The market is projected to grow at a CAGR of 7.3% in the forecast period of 2024-2032 to reach a value of approximately USD 242.71 billion by 2032.
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- In 2023, the global lighting market attained a value of nearly USD 128.76 billion.
- The market is projected to grow at a CAGR of 7.3% between 2024 and 2032.
- The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 242.71 billion by 2032.
- The major drivers of the industry, such as rising disposable incomes, increasing population, rapid urbanisation, growing infrastructure projects, a...
- The key trends guiding the growth of the lighting market include the adoption of smart lighting products and the rising technological advancements.
- The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
- The leading types of lighting in the market are LED, fluorescent, incandescent, and halogen.
- The major lighting products in the industry are bulbs, streetlights, downlights, tube lights, and flood lights, among others.
- The dominant application segments in the industry are indoor and outdoor.
- The major end-use sectors in the industry are residential, commercial, industrial, agricultural, and hospital, among others.
- Covid-19 Impact
- Latest Trends
- Lighting Market Growth Factors
- Restraining Factor
- Segmentation
- Regional Insights
- Key Industry Players
- Key Industry Developments
- Report Coverage
Instant Shutdown in Manufacturing Units due to COVID-19 Impacted the Growth of Commercial Sector The COVID-19 pandemic slightly affected the growth of the market owing to the immediate shutdowns in the commercial sector and industries such as automotive and retail. According to a survey conducted by the Lighting Industry Association (LIA) during th...
Request a Free sampleto learn more about this report. Rising Adoption of Solar in Developing and Under-Developing Nations to Aid Market Growth The off-grid solar sector is growing significantly, as it is more energy efficient and provides Pay-As-You-Go (PAYGO) enabled products. Since the past few years, the application of LEDs in the solar system h...
Demand for Artificial Lightings in the Construction Industry is Driving Market Growth The rise of the construction industry has opened up a massive potential to drive the market growth. This growth is attributable to the rising government initiatives across the world to provide accommodation to the homeless people; an activity that requires light e...
Constraints in Setting up Newer Manufacturing Hubs is Hindering the Market Growth Investors are facing issues while setting up newer light manufacturing hubs in several countries, mainly due to the strict government policies which include the rules and regulations related to environmental actions. There are several other challenges that investors o...
By Lighting Type Analysis
LED Segment is Projected to Grow at the Highest CAGR due to Low Cost Based on lighting type, the market is segmented into LED, CFL, LFL, HID, halogen, and incandescent. The LED segment is expected to grow at a highest CAGR over the forecast period. The growth of this segment is attributable to increasing applications, low costs, and durability of LEDS. LEDs offer brighter light with less consumption of electricity. Several manufacturers have shifted from CFLs to LEDs over the past decade. The...
By Application Analysis
General Lighting Segment to Dominate the Lights Industry Owing to Surge in Construction Projects On the basis of application, the market is divided into general lighting, automotive lighting, backlighting, and others. The general lighting segment accounts for almost 80% of the total light industry due to increasing residential and commercial construction projects, which increases the use of these systems. This is followed by the automotive light segment in the market. In the automotive sector...
By End User Analysis
To know how our report can help streamline your business, Speak to Analyst Residential Segment is Expected to Hold the Largest Market Share Owing to the Adoption of Smart LED Lights By end user, the market is classified into residential, commercial, and industrial. The residential segment is anticipated to dominate the market, owing to increasing demand for new products at regular intervals. However, light manufacturing companies are more focused on developing new LEDs that consume less elect...
To get more information on the regional analysis of this market, Request a Free sample The market in Asia Pacific was worth USD 57.56 billion in 2022 and is expected to dominate in the lighting market share in the coming years. There are multiple registered and unregistered market key players that are involved in this sector. In Asia Pacific, China...
Koninklijke Philips N.V., Panasonic Corporation, and Cree, Inc.are More Focused on Increasing their Regional Presence GE Lighting holds the largest market share in the global lights industry, followed by Koninklijke Philips N.V. and Cree, Inc. The production of various lights products with innovative technology is the primary reason behind holding ...
February 2019 - Cree, Inc. introduced the next-generation ‘XLamp,' which is named as XP-E2 Photo Red (660nm) and Far Red (730nm). The newly launched product is especially developed to provide enhan...September 2019 - OSRAM launched new LiDAR (Light Detection and Ranging)lasers, which will be deployed in the autonomous vehicles. These new LiDARs will allow the driver to see farther with enhanced...September 2022 – OSRAM, a global manufacturer of lights and related products, entered into a partnership with Continental AG, an automotive lights manufacturer company. With this partnership, Conti...January 2022 - Acuity Brands, Inc., a prominent industrial technology company, strengthened its partnership with Microsoft to introduce enhanced features to its smart lights, lights controls, and b...To get information on various segments, share your queries with us The report provides a detailed analysis of the global market and focuses on key aspects such as leading companies, product/service types, and leading end-use applications of the product. Besides this, the report offers insights into the market trends and highlights the key industry ...
- 2022
- 2019-2030
- 2023
Find the most up-to-date statistics about the lighting and lighting equipment market in the United Kingdom (UK).
The global lighting market size was USD 122.01 Billion in 2022 and is likely to reach USD 172.48 Billion by 2031, expanding at a CAGR of 4.5% during 2023–2031. The market is driven by advancements in LED technology.
The LED Lighting Market is segmented by various categories including indoor lighting, outdoor lighting, and automotive utility lighting. The market analysis reveals significant industry trends that are shaping the future of LED lighting.
The Lamps and Lighting Market has generated a revenue of USD 83.94 billion in the current year and is poised to register a CAGR of greater than 4.47% during the forecast period. The lighting market encompasses a wide range of products, including lamps, fixtures, bulbs, and related accessories.
