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Global Industrial Lighting Market to Grow at a CAGR of 2.18% During 2017-2021 - GE Lighting, Cree, LG Innotek, Philips, OSRAM


Albany, NY -- (SBWIRE) -- 08/16/2017 -- The lighting industry includes general lighting, automotive lighting, and backlighting. The general lighting market is the major revenue-generating segment, followed by automotive lighting and backlighting. The general lighting market includes lighting applications for residential, industrial, commercial, outdoor, and architectural purposes. The residential and commercial segments are the major drivers for the general lighting market. General lighting can be either traditional or LED lighting. Traditional lighting is categorized into linear fluorescent lamps (LFLs), compact fluorescent lamps (CFLs), and others which include incandescent bulbs, halogens, and high-intensity discharge (HID) lights. The traditional lighting market will observe a decline in sales due to the rising popularity of LED technology.

The global industrial lighting market to grow at a CAGR of 2.18% during the period 2017-2021. The report covers the present scenario and the growth prospects of the global industrial lighting market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of industrial lighting.

The market is divided into the following segments based on geography:
- Americas

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Technavio's report, Global Industrial Lighting Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors
- GE Lighting
- Cree
- LG Innotek
- Philips
- Panasonic
- Schneider Electric

Other prominent vendors
- Acuity Brands
- Advanced Lighting Technologies
- Bridgelux
- Citizen Electronics
- Eaton Lighting
- Dialight
- Kingsun LED Lighting
- Energy Focus
- Everlight Electronics
- Intematix
- Lemnis Lighting
- Luminus Devices
- Nichia
- NVC Lighting Technology
- Seoul Semiconductor
- Toyoda Gosei

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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