Lamp Market 2024: Trend, Industry Share & Forecast Report

LED lamp market has witnessed a series of M&As and strategic collaborations as a part of its growth approach. Product diversification and differentiation have been the prime goals of the organizations behind these strategic moves. The companies are implementing vertical integration tactics across their value chain model. The aforementioned statement is justified by the acquisition of Lightech, a technology leader in LED drivers by GE Lighting, in 2011. Another such move was witnessed in November 2012, when GE, the global lighting magnate acquired Albeo Technologies.

LED Lamp Market scale has witnessed a swift upsurge with the commendable product penetration across the industrial and residential sectors. The LED lamp industry growth is not only attributed to the huge profit residing in its wide spectrum of applications but is also equally driven by the buzzing trend of energy conservation worldwide. Considering the demand curve of LED lamps over the recent years, these products have become a commodity of choice in response to the escalating demand for sustainable lighting solutions and optimal energy usage.

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The lighting companies worldwide are proactively investing in these products making it a significant part of their business portfolios. These investments where on one hand are benefiting the firms financially, on the other hand, are also addressing the corporate responsibility of the organizations. The recent noteworthy initiative in this regard is by Phillips Lighting where the company has developed LED lamps in a research partnership with Dubai Municipality. The company aims to supply 2 million ‘Dubai Lamps’ across the city in 2017, covering the residential and commercial sectors. This number is estimated to reach 10 million lamps by 2021, which signifies the huge expansion of LED lamp market across the country.

The emerging economies such as India and China are becoming popular platforms for the LED lamp market expansion. The rapid economic development, urban projects, and favorable government policies are the factors influencing the investments of the industry players in these regions. For instance, the Government of India, under the UJALA scheme, provides these lamps at lower prices, making it quite a viable option for the lower-income groups as well

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Europe is also one of the prominent regions partaking in the LED lamp industry share. The energy standards set by the European Commission has propelled the adoption of LED lamps across residential, industrial, and public areas. As per the estimates, Europe accounted for 25% of the overall LED lamp market size in 2016 and is forecast to witness phenomenal gains over the years ahead.

Some Point from Table of Contents:

Data Tables:
TABLE 1.          Lamp industry 3600 synopsis, 2013 – 2024

TABLE 2.          Global lamp market, 2013-2016 (USD Million)

TABLE 3.          Global lamp market, 2017-2024 (USD Million)

TABLE 4.          Global lamps market, by product, 2013-2016 (USD Million)

TABLE 5.          Global lamp market, by product, 2017-2024 (USD Million)

TABLE 6.          Global electrical discharge lamps market, by product, 2013-2016 (USD Million)

TABLE 7.          Global electrical discharge lamps market, by product, 2017-2024 (USD Million)

TABLE 8.          Global filament lamps market, by product, 2013-2016 (USD Million)

TABLE 9.          Global filament lamps market, by product, 2017-2024 (USD Million)

TABLE 10.       Global lamps market, by applications, 2013-2016 (USD Million)

TABLE 11.       Global lamps market, by applications, 2017-2024 (USD Million)

TABLE 12.       Global indoor use lamps market, by applications, 2013-2016 (USD Million)

TABLE 13.       Global indoor use lamps market, by applications, 2017-2024 (USD Million)

TABLE 14.       Global outdoor use lamps market, by applications, 2013-2016 (USD Million)

TABLE 15.       Global outdoor use lamps market, by applications, 2017-2024 (USD Million)

TABLE 16.       Global lamps market, by region, 2013-2016 (USD Million)

TABLE 17.       Global lamps market, by product, 2017-2024 (USD Million)

TABLE 18.       Vendor matrix

TABLE 19.       Industry impact forces

TABLE 20.       Competitive landscape, 2016

TABLE 21.       Strategy dashboard

TABLE 22.       Business models

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