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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