Global Lamps Market

Global Lamps Market by Product types (Decorative lamps, Reading Lamps, and Others), Technology (Fluorescent, Halogen, Incandescent, LED, and Others), Applications (Commercial and Residential), Distribution channels (Convenience Stores, Specialty Stores, Supermarkets & Hypermarkets, Online, and Others), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Forecasts, 2021-2028

  • Report ID: CG-2946
  • Author: Growth Market Reports
  • Rating: 4.6
  • Total Reviews: 2
  • No. Of Pages: 205
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The global lamps market is estimated to register a high CAGR during the forecast period, between 2021 and 2028. A lamp is a device that uses electric current to produce visible light. It is often compact and modest in size, taking less room and being readily placed on tables. The lamps are portable gadgets that are used as reading lights. Lamps have been used since antiquity as oil lamps, which were commonly used in the majority of countries. Electric lamps were developed as a result of the boom in invention and automation.

Global Lamps Market

Market Trends, Drivers, Restraints, and Opportunities:

  • Increased awareness of new goods, advancement in technology, and the introduction of new features in lamps can drive the market expansion.
  • The presence of remote & mobile application controlling systems, warm white light, and voice detection enabled features and preference for smart home gadgets and numerous light features are major drivers driving the lights market growth.
  • Increased safety insulation, the availability of replacement bulbs, the reduced height and weight of table lamps, and an increase in disposable income are key drivers spurring the growth of the lamps market.
  • High-priced lights, a reduction in the trend of residential lamps, and availability of alternative products can hamper the market growth.
  • The demand for energy-saving bulbs, as well as increased customer preference for energy-efficient products, can provide opportunities for the lamp market.

Scope of the report:

The report on the lamps market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes

Details

Report Title Global Lamps Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast

Base Year

2020

Historic Data

2018 & 2019

Forecast Period

2021–2028

Segmentation types (Decorative lamps, Reading Lamps, and Others), Technology (Fluorescent, Halogen, Incandescent, LED, and Others), Applications (Commercial and Residential), Distribution channels (Convenience Stores, Specialty Stores, Supermarkets & Hypermarkets, Online, and Others)

Regional Scope

Asia Pacific, North America, Europe, Latin America, and Middle East & Africa

Report Coverage

Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast

Lamps Market Segment Insights:

Decorative lamps segment is projected to hold a significant market share

Based on product types, the lamps market can be segmented into decorative lamps, reading lamps, and others. The decorative lamps segment is projected to hold a significant market share due to energy-efficiency, lightweight, and long-lasting items that are employed as attractive interior lighting systems in both home and commercial settings. As a result, ongoing product innovation in terms of technology, designs, different color hues, and shadow patterns that can drive the segment growth. Moreover, the Integration of sophisticated technologies, such as AI assistance enabling direct control via voice commands, can drive the product demand across the globe.

Global Lamps Market

LED segment is anticipated to account for a substantial share

On the basis of technology, the market can be segregated into fluorescent, halogen, incandescent, LED, and others. The LED is estimated to expand at a high CAGR during the forecast period. LEDs provide brighter light while consuming less electricity. With the rising cost of energy and the shortage of resources, LEDs have become the preferred choice for customers all over the world. LED demand is increasing as a result of growing environmental concern and favorable government efforts. This segment's rise can be attributed to the low costs, increasing applications, and durability of LEDs.

Residential segment is estimated to expand at a rapid pace during the forecast period

In terms of applications, the lamps segment can be divided into commercial and residential. The residential segment is estimated to expand at a rapid pace during the forecast period, as a result of the growing requirement for advanced products at regular periods. A-Line bulbs, which are extensively used in homes, is one of the varieties of CFL. Improvements in living conditions, as well as increased awareness of the benefits of using energy-efficient bulbs, have spurred demand in the residential sector. The adoption of halogen and fluorescent lights in the household, hospitality, and healthcare sectors has boosted the segment growth.

Global Lamps Market

Online segment is estimated to register a high CAGR

Based on distribution channels, the market can be fragmented into convenience stores, specialty stores, supermarkets & hypermarkets, online, and others. The online segment is estimated to register a high CAGR in the coming years. Online platforms feature one-of-a-kind offers as well as doorstep delivery services, which are expected to fuel the segment. Additionally, prominent market players such as LED, SYSKA, and Xiaomi are developing their own websites where users can purchase legitimate items.

Asia Pacific is expected to dominate the market

In terms of regions, the lamps market can be categorized as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific is expected to dominate the market. China has established itself as a large-scale supplier of goods to other countries. Another element that has contributed to the expansion of the regional market is the rising population in emerging countries such as India and China.

Global Lamps Market

Segments

Segments Covered in the Report:

By Product Types

  • Decorative lamps
  • Reading lamps
  • Others

By Technology

  • Fluorescent
  • Halogen
  • Incandescent
  • LED
  • Others

By Applications

  • Commercial
  • Residential

By Distribution Channels

  • Convenience Stores
  • Specialty Stores
  • Supermarkets & Hypermarkets
  • Online
  • Others

By Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Competitive Landscape

Key players in the lamps market are OSRAM Lighting, Tenneco Inc., Philips, EYE lighting International, Chicago Miniature Lighting; Panasonic, Eiko Ltd, Opple Lighting, Toshiba, and SYSKA LED. These players have widely engaged in several market development activities including collaborations, agreements, mergers & acquisitions, production capacity expansion, new product launches, and partnerships to increase their market share.

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Lamps Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Lamps Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Lamps Market - Supply Chain
  4.5. Global Lamps Market Forecast
     4.5.1. Lamps Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Lamps Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Lamps Market Absolute $ Opportunity
5. Global Lamps Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Lamps Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Lamps Demand Share Forecast, 2019-2026
6. North America Lamps Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Lamps Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Lamps Demand Share Forecast, 2019-2026
7. Latin America Lamps Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Lamps Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Lamps Demand Share Forecast, 2019-2026
8. Europe Lamps Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Lamps Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Lamps Demand Share Forecast, 2019-2026
9. Asia Pacific Lamps Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Lamps Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Lamps Demand Share Forecast, 2019-2026
10. Middle East & Africa Lamps Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Lamps Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Lamps Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Lamps Market: Market Share Analysis
  11.2. Lamps Distributors and Customers
  11.3. Lamps Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

Segments Covered in the Report:

By Product Types

  • Decorative lamps
  • Reading lamps
  • Others

By Technology

  • Fluorescent
  • Halogen
  • Incandescent
  • LED
  • Others

By Applications

  • Commercial
  • Residential

By Distribution Channels

  • Convenience Stores
  • Specialty Stores
  • Supermarkets & Hypermarkets
  • Online
  • Others

By Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key players in the lamps market are OSRAM Lighting, Tenneco Inc., Philips, EYE lighting International, Chicago Miniature Lighting; Panasonic, Eiko Ltd, Opple Lighting, Toshiba, and SYSKA LED. These players have widely engaged in several market development activities including collaborations, agreements, mergers & acquisitions, production capacity expansion, new product launches, and partnerships to increase their market share.

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