(MENAFN Editorial) iCrowdNewswire - Dec 12, 2017
is segmented on the basis of technology as traditional technology and LED technology. The segment of traditional lightings can be further segmented as LFLs, CFLs, and others. Others may include incandescent bulbs, halogens, and high-intensity discharge (HID) lights. It has been observed that the traditional lighting market is likely to face a decline as the popularity of LED is augmenting across the globe.
The deliberate employment of light to attain a practical or aesthetic appearance is defined as Lighting or illumination. Lighting entails the utilization of both artificial light sources including lamps and light fixtures, as well as natural illumination by confining daylight. General lighting offers an area with complete illumination. It is also popularly known as ambient lighting. A comfortable level of brightness is offered by the general lightening so that it is easier to carry out the tasks and move about safely.
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The key players operating in the Global General Lighting Market include General Electric, Koninlijke Philips N. V., OSRAM, Panasonic, Schneider Electric, Acuity brands, Advanced Lighting Technology, Bridgelux, Citizens Electronics, Everlight Electronics, Intematix, Lemnis Lighting, LG Innotek, Luminus Devices, Nichia, NVC Lighting Technology, Seoul Semiconductor, Toshiba, Toyoda Gosei, Cooper Lighting, Cree, Dialight, Dongguan Kingsun Optoelectronic, and Energy Focus.
The prominent factors that are playing a very important role in driving the market include rise in the frequency of households and rise in the urbanization across the globe. The market is currently undergoing a significant trend of rising demand for architectural lighting fixtures. The only factors that are turning as major hurdles in the growth of the market include lack of global LED standardization.
It has been anticipated that the Global General Lighting Market will witness the highest CAGR in the next couple of years as the demand for general lightning has been rising tremendously and its adoption has increased among a number of lighting sources. Global General Lighting Market is segmented on the basis of end users as residential, commercial, industrial, outdoor, and architectural segment. Among all the end users, the residential and commercial sectors are covering the largest share in the market.
Global General Lighting Industry is segmented on the basis of geographical region as geographical region as North America, Europe, Asia Pacific, and Rest of the World. As far as the geographical region is concerned, North America is currently attaining the largest share in the market and it is estimated that the region will display the highest CAGR in the near future. On the contrary, Asia Pacific is also emerging as one of the promising region.
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