Global Light Bulb Market by Type (LED Light Bulbs, Incandescent Bulbs, Other), By Application (Residential, Office, Shop, Hospitality, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028
The Global Light Bulb Market size is expected to grow at a CAGR of 3.5% during the forecast period, 2021-2028. The growth can be attributed to factors such as increasing demand for energy efficiency and environmental awareness in developing economies, rising adoption of LED bulbs in developed countries, and technological advancements in the lighting industry.
A Light Bulb is a device used to produce light for general illumination or task lighting. It consists of an electric lamp, usually in the shape of a glass "A" which lets visible light pass through and then reflects other types of radiation (including infrared and ultraviolet) to give off its pleasant glow. Light bulbs are one type of electric light that can be found in many places all around us such as offices, houses, hospitals, hotels, etc.
On the basis of Type, the market is segmented into LED Light Bulbs, Incandescent Bulbs, and Other. The global light bulb market has been witnessing rapid growth in recent years due to the shift from incandescent bulbs to more energy-efficient alternatives such as LEDs.
LED Light Bulbs:
LED stands for light-emitting diodes, which are semiconductor devices that emit visible light when an electric current passes through them. These lights have a long lifespan and last 25 times longer than traditional incandescent bulbs. LED lighting is also much more energy-efficient and produces less heat, so they’re well suited to outdoor use in cold climates or indoors where people need maximum flexibility in controlling the amount of natural daylight available.
Incandescent Bulbs:
Incandescent bulbs, the oldest of all light bulb technologies, were invented by Thomas Edison. They're still in use today because they remain inexpensive to produce and distribute. These lights have many applications but are no longer used for general lighting purposes due to their low efficiency and high heat production.
Others:
Other types of Light bulb includes fluorescent, halogen and others. Fluorescent lights are more efficient than incandescent bulbs because they use less energy to produce the same amount of light. They're also more environmentally friendly because their mercury content is low in comparison with other lighting technologies such as HID fixtures which contain a large quantity of mercury. Halogens were initially developed for use in street lamps but have been popularized by industry giants Philips and Osram who pioneered them for residential applications due to their efficiency at producing high levels of illumination while consuming minimal electricity. Other types include LED lights which last 25 times longer than traditional incandescent bulbs and can be used outdoors or indoors where people need maximum flexibility in controlling the amount of natural daylight available.
On the basis of Application, the market is segmented into Residential, Office, Shop, Hospitality, and Others. The market for Other application is expected to witness the fastest growth in terms of value during the forecast period. LED light bulbs are mostly used as residential lighting. Incandescent lights can be found in most offices where desk lamps or task-oriented lamps that offer directional illumination are required by workers who need a bright area on their work surfaces.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America lead over other regions with significant market size followed by Europe which accounted for almost 28% share in 2018. The Asia Pacific has been emerged as a key driving region due to rapidly increasing demand from countries like India and China. The Middle East & Africa commands lower sales compared to other regions mainly because incandescent bulbs are still dominant in these areas where LEDs have yet penetrated into households or businesses spaces sufficiently enough to compete against them on price too much even though this may soon change thanks to rapid economic development underway.
Up Market Research published a new report titled “Light Bulb Market research report which is segmented by Types (LED Light Bulbs, Incandescent Bulbs, Other), By Applications (Residential, Office, Shop, Hospitality, Others), By Players/Companies Osram, Philips, GE Lighting, Acuity Brands, Eaton, Cree, Panasonic, Toshiba, Sharp, Yankon Lighting, Opple, Hubbell, Zumtobel Group, NVC (ETI), Nichia, FSL, TCP, Havells, Mitsubishi, MLS”.
Report Scope
Report Attributes | Report Details |
Report Title | Light Bulb Market Research Report |
By Type | LED Light Bulbs, Incandescent Bulbs, Other |
By Application | Residential, Office, Shop, Hospitality, Others |
By Companies | Osram, Philips, GE Lighting, Acuity Brands, Eaton, Cree, Panasonic, Toshiba, Sharp, Yankon Lighting, Opple, Hubbell, Zumtobel Group, NVC (ETI), Nichia, FSL, TCP, Havells, Mitsubishi, MLS |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 221 |
Number of Tables & Figures | 155 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
Global Light Bulb Market Report Segments:
The market is segmented by Type LED Light Bulbs, Incandescent Bulbs, Other and By Application Residential, Office, Shop, Hospitality, Others.
Some of the companies that are profiled in this report are:
- Osram
- Philips
- GE Lighting
- Acuity Brands
- Eaton
- Cree
- Panasonic
- Toshiba
- Sharp
- Yankon Lighting
- Opple
- Hubbell
- Zumtobel Group
- NVC (ETI)
- Nichia
- FSL
- TCP
- Havells
- Mitsubishi
- MLS
Light Bulb Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Light Bulb Market
Overview of the regional outlook of the Light Bulb Market:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
Highlights of The Light Bulb Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Light Bulb Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
- By Type:
1. LED Light Bulbs
2. Incandescent Bulbs
3. Other
7. By Application:1. Residential
2. Office
3. Shop
4. Hospitality
5. Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Light Bulb Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
Reasons to Purchase the Light Bulb Market Report:
- The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
- Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
- Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
- The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
- Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Light Bulb Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Light Bulb Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Light Bulb Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Light Bulb Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Light Bulb Market Size & Forecast, 2018-2028
4.5.1 Light Bulb Market Size and Y-o-Y Growth
4.5.2 Light Bulb Market Absolute $ Opportunity
Chapter 5 Global Light Bulb Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Light Bulb Market Size Forecast by Type
5.2.1 LED Light Bulbs
5.2.2 Incandescent Bulbs
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Light Bulb Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Light Bulb Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Office
6.2.3 Shop
6.2.4 Hospitality
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Light Bulb Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Light Bulb Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Light Bulb Analysis and Forecast
9.1 Introduction
9.2 North America Light Bulb Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Light Bulb Market Size Forecast by Type
9.6.1 LED Light Bulbs
9.6.2 Incandescent Bulbs
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Light Bulb Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Office
9.10.3 Shop
9.10.4 Hospitality
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Light Bulb Analysis and Forecast
10.1 Introduction
10.2 Europe Light Bulb Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Light Bulb Market Size Forecast by Type
10.6.1 LED Light Bulbs
10.6.2 Incandescent Bulbs
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Light Bulb Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Office
10.10.3 Shop
10.10.4 Hospitality
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Light Bulb Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Light Bulb Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Light Bulb Market Size Forecast by Type
11.6.1 LED Light Bulbs
11.6.2 Incandescent Bulbs
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Light Bulb Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Office
11.10.3 Shop
11.10.4 Hospitality
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Light Bulb Analysis and Forecast
12.1 Introduction
12.2 Latin America Light Bulb Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Light Bulb Market Size Forecast by Type
12.6.1 LED Light Bulbs
12.6.2 Incandescent Bulbs
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Light Bulb Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Office
12.10.3 Shop
12.10.4 Hospitality
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Light Bulb Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Light Bulb Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Light Bulb Market Size Forecast by Type
13.6.1 LED Light Bulbs
13.6.2 Incandescent Bulbs
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Light Bulb Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Office
13.10.3 Shop
13.10.4 Hospitality
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Light Bulb Market: Competitive Dashboard
14.2 Global Light Bulb Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Osram
14.3.2 Philips
14.3.3 GE Lighting
14.3.4 Acuity Brands
14.3.5 Eaton
14.3.6 Cree
14.3.7 Panasonic
14.3.8 Toshiba
14.3.9 Sharp
14.3.10 Yankon Lighting
14.3.11 Opple
14.3.12 Hubbell
14.3.13 Zumtobel Group
14.3.14 NVC (ETI)
14.3.15 Nichia
14.3.16 FSL
14.3.17 TCP
14.3.18 Havells
14.3.19 Mitsubishi
14.3.20 MLS