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General Lighting Market Size to Increase by USD 30.50 bn during 2020-2024 | Forecasting Strategies for the New Normal | TechnavioNEW YORK, July 30, 2021 /PRNewswire/ -- Technavio's latest offering, the General Lighting Market report provides a detailed analysis on the competitive scenario, the pre- and post-COVID-19 impact on businesses, and the market growth across various regions. The global general lighting market is estimated to grow by USD 30.50 billion during 2020-2024, progressing at a CAGR of over 5% during the forecast period. Market Dynamics Factors such as the declining manufacturing cost of LEDs and the growing adoption of energy-efficient lighting technologies will be crucial in driving the growth of the market. But the high average cost per led fixture will restrict the market growth. The emergence of new technologies will have a positive impact on the growth of vendors. On the other hand, the ban on incandescent bulbs in several countries is expected to reduce the growth potential in the market. Company Profiles The general lighting market report provides complete insights on key vendors including Acuity Brands Inc., Advanced Lighting Technologies LLC, Cree Inc., Dialight Plc, Eaton Corp. Plc, General Electric Co., OSRAM GmbH, Panasonic Corp., Schneider Electric SE, and Signify NV. Competitive Analysis The report includes the competitive scenario, which analyzes and evaluates the position of companies based on their industry position score and market performance score. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc. Market Segmentation
Related Reports on Industrials Include: Global Decorative Lighting Market - Global decorative lighting market is segmented by product (ceiling, wall-mounted, and others), distribution channel (offline and online), and geography (APAC, Europe, North America, South America, and MEA). Global Industrial Lighting Market - Global industrial lighting market is segmented by type (LED technology and Traditional technology) and geography (APAC, Europe, North America, South America, and MEA). Key Topics Covered: Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Application
Customer landscape
Geographic Landscape
Drivers, Challenges, and Trends
Vendor Landscape
Vendor Analysis
Appendix
About Us Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contact Technavio Research View original content to download multimedia:https://www.prnewswire.com/news-releases/general-lighting-market-size-to-increase-by-usd-30-50-bn-during-2020-2024--forecasting-strategies-for-the-new-normal--technavio-301345017.html SOURCE Technavio |