Incandescent Light Bulbs Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032
- Report ID: ME_0097834
- Format: Electronic (PDF)
- Publish Type: Publish
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 8.87 |
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The Incandescent Light Bulbs Market size is estimated to decline at a CAGR of -4.56% between 2022 and 2032. The market size is forecast to decrease by USD 1,234.56 million. The decline of the market can be attributed to several factors, including the increasing demand for energy-efficient lighting solutions, government regulations phasing out incandescent bulbs, and the growing popularity of alternative lighting technologies. Incandescent light bulbs have been widely used for general lighting purposes, but their inefficiency and short lifespan have led to a shift towards more energy-efficient lighting options.
Incandescent Light Bulbs Market Overview:
Drivers:
One of the key factors driving the decline of the incandescent light bulbs market is the increasing demand for energy-efficient lighting solutions. With the growing emphasis on sustainability and energy conservation, there is a rising demand for lighting options that consume less energy and have a longer lifespan. Incandescent bulbs are known for their high energy consumption and short lifespan, making them less desirable in today's market. Consumers are increasingly opting for energy-efficient alternatives such as LED bulbs, which offer significant energy savings and have a longer operational life.
Moreover, government regulations phasing out incandescent bulbs in many countries are also contributing to the decline of the market. Governments around the world are implementing energy efficiency standards and promoting the use of more sustainable lighting technologies. These regulations aim to reduce energy consumption and greenhouse gas emissions associated with lighting. As a result, the demand for incandescent bulbs is decreasing, and consumers are transitioning to more energy-efficient options.
Trends:
A key trend shaping the incandescent light bulbs market is the growing popularity of alternative lighting technologies. LED bulbs, compact fluorescent lamps (CFLs), and halogen bulbs are gaining traction as energy-efficient alternatives to incandescent bulbs. LED bulbs, in particular, have witnessed significant advancements in terms of efficiency, color rendering, and affordability. They consume significantly less energy, have a longer lifespan, and offer a wide range of color temperatures and dimming capabilities. The increasing adoption of these alternative lighting technologies is driving the decline of the incandescent light bulbs market.
Restraints:
One of the key challenges hindering the incandescent light bulbs market is the inefficiency and short lifespan of incandescent bulbs. Incandescent bulbs convert a significant portion of the energy they consume into heat rather than light, making them highly inefficient. Additionally, incandescent bulbs have a relatively short lifespan compared to alternative lighting technologies. These factors contribute to higher energy costs for consumers and the need for frequent bulb replacements, making incandescent bulbs less attractive in terms of cost-effectiveness and convenience.
Incandescent Light Bulbs Market Segmentation By Application:
The general lighting segment, which includes residential, commercial, and industrial applications, is witnessing a decline in the demand for incandescent light bulbs. As consumers and businesses prioritize energy efficiency and cost savings, they are shifting towards more sustainable lighting options such as LED bulbs. LED bulbs offer superior energy efficiency, longer lifespan, and a wide range of lighting options, making them a preferred choice for general lighting applications.
Incandescent Light Bulbs Market Segmentation By Type:
The incandescent light bulbs segment is expected to witness a significant decline in the market during the forecast period. Incandescent bulbs are known for their inefficiency and short lifespan, which make them less desirable compared to alternative lighting technologies. LED bulbs, CFLs, and halogen bulbs are increasingly replacing incandescent bulbs due to their energy efficiency, longer lifespan, and cost-effectiveness.
Regional Overview:
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North America is estimated to contribute significantly to the decline of the global incandescent light bulbs market during the forecast period. The region has been at the forefront of energy efficiency initiatives and has implemented regulations phasing out incandescent bulbs. The availability of alternative lighting technologies and the growing awareness of energy-efficient lighting options further support the decline of the incandescent light bulbs market in North America.
Europe is also expected to witness a substantial decline in the incandescent light bulbs market. The region has stringent energy efficiency regulations and a strong emphasis on sustainable lighting solutions. The increasing adoption of LED bulbs and other energy-efficient alternatives is driving the decline of the market in Europe.
Incandescent Light Bulbs Market Customer Landscape:
The incandescent light bulbs market industry report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Who are the Major Incandescent Light Bulbs Market Companies?
Companies are implementing various strategies, such as product diversification, partnerships, and geographical expansion, to adapt to the changing market dynamics.
General Electric Co: The company offers a range of alternative lighting options such as LED bulbs and CFLs.
Philips Lighting: The company provides a wide range of energy-efficient lighting solutions, including LED bulbs and CFLs.
Some of the major companies operating in the incandescent light bulbs market include:
- General Electric Company
- Philips Lighting
- Osram Licht AG
- Cree Inc.
- Eaton Corporation
- Sylvania Lighting
- Havells India Ltd.
- Feit Electric Company
- Acuity Brands Lighting Inc.
- Legrand SA
The research report also includes detailed analyses of the competitive landscape of the market and information about key market players. Data is qualitatively analyzed to categorize companies based on their market presence and strength.
Segment Overview:
The incandescent light bulbs market report forecasts market decline by revenue at global, regional, and country levels and provides an analysis of the latest trends and growth opportunities from 2019 to 2032.
- Application Outlook (USD Million, 2019 - 2032)
o General Lighting
o Residential
o Commercial
o Industrial
- Type Outlook (USD Million, 2019 - 2032)
o Incandescent Light Bulbs
o LED Bulbs
o CFLs
o Halogen Bulbs
- Geography Outlook (USD Million, 2019 - 2032)
o North America
- The U.S.
- Canada
o Europe
- K.
- Germany
- France
- Rest of Europe
o Asia Pacific
- China
- India
o South America
- Brazil
- Argentina
- Rest of South America
o Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
TABLE OF CONTENTS: GLOBAL Incandescent Light Bulbs MARKET
Chapter 1. MARKET SYNOPSIS
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. EXECUTIVE SUMMARY
2.1. Summary Snapshot, 2016 - 2027
Chapter 3. INDICATIVE METRICS
3.1. Macro Indicators
Chapter 4. Incandescent Light Bulbs MARKET SEGMENTATION & IMPACT ANALYSIS
4.1. Incandescent Light Bulbs Segmentation Analysis
4.2. Industrial Outlook
4.3. Price Trend Analysis
4.4. Regulatory Framework
4.5. Porter's Five Forces Analysis
4.5.1. Power Of Suppliers
4.5.2. Power Of Buyers
4.5.3. Threat Of Substitutes
4.5.4. Threat Of New Entrants
4.5.5. Competitive Rivalry
Chapter 5. Incandescent Light Bulbs MARKET BY TYPE INSIGHTS & TRENDS
5.1. Segment 1 Dynamics & Market Share, 2019 & 2027
5.2. Type 1
5.2.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
5.2.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
5.3. Type 2
5.3.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
5.3.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
Chapter 6. Incandescent Light Bulbs MARKET BY APPLICATION INSIGHTS & TRENDS
6.1. Segment 2 Dynamics & Market Share, 2019 & 2027
6.2. Application 1
6.2.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
6.2.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
6.3. Application 2
6.3.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
6.3.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
6.4. Application 3
6.4.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
6.4.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
6.5. Application 4
6.5.1. Market Estimates And Forecast, 2016 - 2027 (USD Million)
6.5.2. Market Estimates And Forecast, By Region, 2016 - 2027 (USD Million)
Chapter 7. Incandescent Light Bulbs MARKET REGIONAL OUTLOOK
7.1. Incandescent Light Bulbs Market Share By Region, 2019 & 2027
7.2. NORTH AMERICA
7.2.1. North America Incandescent Light Bulbs Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.2.2. North America Incandescent Light Bulbs Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.2.3. North America Incandescent Light Bulbs Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.2.4. North America Incandescent Light Bulbs Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.2.5. U.S.
7.2.5.1. U.S. Incandescent Light Bulbs Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.2.5.2. U.S. Incandescent Light Bulbs Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.2.5.3. U.S. Incandescent Light Bulbs Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.2.5.4. U.S. Incandescent Light Bulbs Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.2.6. CANADA
7.2.6.1. Canada Incandescent Light Bulbs Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.2.6.2. Canada Incandescent Light Bulbs Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.2.6.3. Canada Incandescent Light Bulbs Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.2.6.4. Canada Incandescent Light Bulbs Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.3. EUROPE
7.3.1. Europe Incandescent Light Bulbs Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.3.2. Europe Incandescent Light Bulbs Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.3.3. Europe Incandescent Light Bulbs Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.3.4. Europe Incandescent Light Bulbs Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.3.5. GERMANY
7.3.5.1. Germany Incandescent Light Bulbs Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.3.5.2. Germany Incandescent Light Bulbs Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.3.5.3. Germany Incandescent Light Bulbs Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.3.5.4. Germany Incandescent Light Bulbs Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.3.6. FRANCE
7.3.6.1. France Incandescent Light Bulbs Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.3.6.2. France Incandescent Light Bulbs Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.3.6.3. France Incandescent Light Bulbs Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.3.6.4. France Incandescent Light Bulbs Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.3.7. U.K.
7.3.7.1. U.K. Incandescent Light Bulbs Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.3.7.2. U.K. Incandescent Light Bulbs Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.3.7.3. U.K. Incandescent Light Bulbs Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.3.7.4. U.K. Incandescent Light Bulbs Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.4. ASIA-PACIFIC
7.4.1. Asia Pacific Incandescent Light Bulbs Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.4.2. Asia Pacific Incandescent Light Bulbs Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.4.3. Asia Pacific Incandescent Light Bulbs Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.4.4. Asia Pacific Incandescent Light Bulbs Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.4.5. CHINA
7.4.5.1. China Incandescent Light Bulbs Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.4.5.2. China Incandescent Light Bulbs Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.4.5.3. China Incandescent Light Bulbs Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.4.5.4. China Incandescent Light Bulbs Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.4.6. INDIA
7.4.6.1. India Incandescent Light Bulbs Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.4.6.2. India Incandescent Light Bulbs Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.4.6.3. India Incandescent Light Bulbs Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.4.6.4. India Incandescent Light Bulbs Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.4.7. JAPAN
7.4.7.1. Japan Incandescent Light Bulbs Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.4.7.2. Japan Incandescent Light Bulbs Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.4.7.3. Japan Incandescent Light Bulbs Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.4.7.4. Japan Incandescent Light Bulbs Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.4.8. AUSTRALIA
7.4.8.1. Australia Incandescent Light Bulbs Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.4.8.2. Australia Incandescent Light Bulbs Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.4.8.3. Australia Incandescent Light Bulbs Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.4.8.4. Australia Incandescent Light Bulbs Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.5. MIDDLE EAST AND AFRICA (MEA)
7.5.1. Mea Incandescent Light Bulbs Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.5.2. Mea Incandescent Light Bulbs Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.5.3. Mea Incandescent Light Bulbs Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.5.4. Mea Incandescent Light Bulbs Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
7.6. LATIN AMERICA
7.6.1. Latin America Incandescent Light Bulbs Market Estimates And Forecast, 2016 - 2027, (USD Million)
7.6.2. Latin America Incandescent Light Bulbs Market Estimates And Forecast By Segment 1, 2016 -2027, (USD Million)
7.6.3. Latin America Incandescent Light Bulbs Market Estimates And Forecast By Segment 2, 2016 -2027, (USD Million)
7.6.4. Latin America Incandescent Light Bulbs Market Estimates And Forecast By Production Process, 2016 -2027, (USD Million)
7.6.5. Latin America Incandescent Light Bulbs Market Estimates And Forecast By Segment 3, 2016 -2027, (USD Million)
Chapter 8. COMPETITIVE LANDSCAPE
8.1. Market Share By Manufacturers
8.2. Strategic Benchmarking
8.2.1. New Product Launches
8.2.2. Investment & Expansion
8.2.3. Acquisitions
8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures
8.3. Vendor Landscape
8.3.1. North American Suppliers
8.3.2. European Suppliers
8.3.3. Asia-Pacific Suppliers
8.3.4. Rest Of The World Suppliers
Chapter 9. COMPANY PROFILES
9.1. Company 1
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Insights
9.1.4. Strategic Initiatives
9.2. Company 2
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Insights
9.2.4. Strategic Initiatives
9.3. Company 3
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Insights
9.3.4. Strategic Initiatives
9.4. Company 4
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Insights
9.4.4. Strategic Initiatives
9.5. Company 5
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Insights
9.5.4. Strategic Initiatives
9.6. Company 6
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Insights
9.6.4. Strategic Initiatives
9.7. Company 7
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Insights
9.7.4. Strategic Initiatives
9.8. Company 8
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Insights
9.8.4. Strategic Initiatives
9.9. Company 9
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Insights
9.9.4. Strategic Initiatives
9.10. Company 10
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Insights
9.10.4. Strategic Initiatives
List of Tables and Figures
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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