The
electric lighting equipment manufacturing market comprise establishments
manufacturing electric lamp bulbs and lighting fixtures for residential,
institutional, commercial, industrial and automotive purposes. Some products
manufactured by this market include are lamp bulbs such as automotive lighting,
decorative bulbs, halogen bulbs, mercury halide bulbs etc. and their
components. Electric lighting fixtures includes products ranging from simple
table lamp fixtures to underwater lighting fixtures.
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The
electric lighting equipment manufacturing market is valued at $103 billion in
2017 due to the increase in demand for electric lighting by individual
customers and commercial establishments. Asia Pacific was the largest region in
the electric lighting equipment manufacturing market in 2017, accounting for
more than two-fifth of the market share.
The
electric lighting equipment manufacturing market in The Business Research
Company’s report is segmented into general lighting, automotive lighting and
back lighting. While the first two segments account for 99% of the market
share, the remaining is attributed to the back-lighting segment.
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China
was the largest country in the electric lighting equipment manufacturing market
in 2017, accounting for more than one-fifth of the market share. This was the
result of China’s growing economy and rise in living standard. China was
followed by the USA and India.
General
Electric Corporation (GE) was the largest competitor in the electric lighting
equipment manufacturing market in 2017, followed by Panasonic Corporation and
Koninklijke Philips N.V. General Electric Corporation operates through power,
aviation, oil & gas, healthcare, renewable energy. The company aims at
making the lighting division more profitable by pulling out from Asian and
Latin American markets.
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