General lighting, or ambient lighting, is defined as a lighting system used to illuminate indoor and outdoor areas with sufficient or natural brightness without any glare. They are cost-effective, use less energy, and beautify the ambiance.
The main product types of general lighting are LED, CFL, LFL, HID, halogens, incandescent, and others. The incandescent light bulb generates light by heating a wire filament to a temperature that causes light to be produced. A translucent glass bulb, either filled with inert gas or evacuated, surrounds the metal wire (a vacuum). The various applications include general lighting, automotive lighting, backlighting, and others that are used by residential, commercial, outdoor, industrial, and other end-users.
The global general lighting market size will grow from $87.74 billion in 2022 to $93.93 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global general lighting market size is expected to grow to $119.85 billion in 2027 at a CAGR of 6.3%.
The continuous increase in the rate of construction activities increases the demand for general lighting globally. Lighting equipment is required in office spaces and apartments and with increasing construction activities, the requirement for such lighting also increases. According to a report by Global Construction Perspectives and Oxford Economics, the global construction market is forecast to grow by over 70% by 2025. The increase in demand for construction activities will have a positive impact on the growth of the general lighting market.
Major players in the general lighting market are Schneider Electric, Panasonic, Koninklijke Philips N.V., General Electric, Acuity Brands, Cree Inc., Eaton, Bridgelux, and Citizens Electronics.
Asia-Pacific was the largest region in the general lighting market in 2022. North America was the second-largest region in the global general lighting market. The regions covered in the global general lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The countries covered in the general lighting market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
