General Lighting Market Share, Size, Analysis and Forecasts 2016-2020

Technavio Announces the Publication of its Research Report Global General Lighting Market 2016-2020

Technavio recognizes the following companies as the key players in the global general lighting market: General Electric, Koninlijke Philips N. V., OSRAM, Panasonic, and Schneider Electric.

Other Prominent Vendors in the market are: Acuity brands, Advanced Lighting Technology, Bridgelux, Citizens Electronics, Cooper Lighting, Cree, Dialight, Dongguan Kingsun Optoelectronic, Energy Focus, Everlight Electronics, Intematix, Lemnis Lighting, LG Innotek, Luminus Devices, Nichia, NVC Lighting Technology, Seoul Semiconductor, Toshiba, and Toyoda Gosei.

Browse full report with TOC@ https://marketreportscenter.com/reports/368520/global-general-lighting-market-2016-2020

Commenting on the report, an analyst from Technavios team said: A trend that will positively impact market growth is the increasing demand for architectural lighting fixtures. With the growing sophisticated lifestyle and the increasing trend of decorating domestic interiors, the Chinese market is seeing demand for personalized luminaires. Architectural lighting is used to emphasize the important features of a building or a setting. It can be floor luminaires, outdoor floodlights, and decorative lamps that come in different shapes and sizes. Philips has introduced its stylish range of lighting known as Hue, which can connect with Nest Thermostat and fire alarm and sense the presence in the home to switch on the lights and detect smoke and emit red light.”

According to the report, a key growth driver is the increasing urbanization in countries around the globe. The increasing urbanization particularly from emerging economies has led to the increasing demand for lighting devices for the growing number of households. It is expected that the demand for lighting sources in the residential sector will grow at a rate of 5.08% during the forecast period. As the residential sector is the major revenue...