The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.
Learn moreEuromonitor addresses your unique questions and challenges across all B2B and B2C industries and geographies through custom, tailor-made research projects, designed to your specific goals.
Learn moreNov 2018
US$1,325Added to Cart
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!
The global lighting industry is undergoing a major transition from traditional lamps to light-emitting diode (LED) lamps. This report focuses on the current state of the global lighting market, the demand drivers shaping the future of the lighting industry, and the changing competitive landscape
Files are delivered directly into your account within a few minutes of purchase.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.
A strong year in Latin America and the Middle East and Africa, as well as robust growth in Asia Pacific, buoyed global sales of lighting in 2017. A precipitous decline in unit prices has made LED lamps more affordable for consumers in emerging economies, fuelling sales of LED lamps.
Asia Pacific is the largest regional market in the world for lighting. Sales are driven by the sheer population size of the region, as China, India and Indonesia are among the top five markets globally for number of households.
The number of households globally is expected to continue rising steadily over the period to 2030. The bulk of new households will be in Asia Pacific and the Middle East and Africa, owing to dynamic population growth and increases in life expectancy resulting from improved access to healthcare. On the other hand, stagnation is expected in Eastern Europe, Western Europe and North America.
Developing nations hold a wealth of opportunity for the lighting industry, as large swathes of the Middle East and Africa, Asia Pacific and Latin America still remain off the grid. Rural electrification programmes by governments aim to rectify this state of affairs, creating new opportunities for lighting companies.
Changes in business strategies and a flurry of mergers and acquisitions is reflective of a difficult business environment, where the decline of traditional business segments requires companies to restructure in order to remain profitable.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.