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Trends and Future of the Electric Lighting Equipment Manufacturing Industry

The revenue of the electric lighting equipment keeps growing over the last

few years. All thanks to the development of high-quality and advanced

lighting products. However, this industry has experienced some

constraints in terms of revenue growth. This can be attributed to

unfavorable demand conditions and import competition in several major

construction markets.

Lighting is a crucial part of all building systems. Electric lighting equipment

manufacturing plays a crucial role in the development of some electronic

products.

Table of Contents

What is Electric Lighting Equipment?

Electric lighting equipment produces light through the flow of electric

current. This source of light is the commonest form of artificial lightning.

Electric lightning offers exterior light for nighttime activities and interior

lighting for buildings. The majority of electric lighting is usually powered by

electric power. However, battery systems or electric generators can also

power lighting.

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Since the introduction of incandescent light bulb and arc lamps, electric

lighting’s efficiency has radically increased. Examples of electric light

equipment include electric lamp, light bulbs, electric light tubes and

components. Electric lightning equipment is designed to produce light for

electrical products. It is widely integrated for household and commercial

applications.

Electrical lighting equipment are available in different types. However, the

main types include backlighting, general lighting, and automotive lighting.

Automotive lighting system enhances visibility, particularly in low-light

scenarios. The global electric lighting equipment manufacturing industry

saw a growth from 112.99 billion dollar in 2022 to 121.23 billion dollar in

2023.

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Overview of the Electric Lighting Equipment Industry

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The electric lighting equipment manufacturing industry is involved in the

production of tubes and light bulbs, electric lighting fixtures and lighting

fixture components, parts and components amongst others. This also

includes the production of ceiling fans featuring integrated lighting

fixtures.

Furthermore, the electric lighting equipment industry manufactures

lighting items like incandescent, infra-red, fluorescent, lamps, and

bulbs. In 2022, the Asia-pacific region was the largest producer of electric

lightning equipment while North America was ranked the second largest

producer of electric lightning equipment.

As electric lighting continues to become a crucial element for residential,

industrial, and commercial, environment in world, electric lighting

equipment manufacturing companies has continued to experience some

growth. Also, the LED lighting sector has continued to make impact in the

electric lighting industry due to its constant and increasing growth.

The demand for electric lighting equipment across the globe keeps

increasing. This could be linked to progress in lighting technology

alongside increasing infrastructure and housing contributions across the

world. Light emitting diode is the most recent lighting technology which

offers a wide range of beneficial features. This lighting equipment now

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accounts for the biggest market share in the electric lighting equipment

manufacturing market.

Furthermore, more top leading electric lighting equipment manufacturing

companies are now concerned about the development of new LED

lightings to help them remain competitive in the world market. Therefore,

this will contribute to the growth and development of the electric lighting

equipment industry in the near future.

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The Future and Trends of the Electric Lighting Equipment

Manufacturing Industry

A recent research report made from Technavio revealed that the size of

the global electric lighting equipment market was worth around $121.2

billion in 2019. This growth is projected to get to $151.7 billion by the year

2024. Rapid urbanization and the increasing number of households

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contributed to this market growth. As a result of this more commercial

and residential buildings will be developed around the world.

Asia Pacific remains the biggest electric lighting equipment market in the

world, with more than $57.2 billion in the year 2019. According to

Technavio, more than 54% of the growth of the global will come from Asia

Pacific in the next five years.

There are a number of factors that contributes to the development of the

lighting market in the Asia Pacific. Some of these factors include the

increasing demand for better and more efficient lighting solutions,

presence of so many LED packaging and chip companies, and rapid

urbanization in countries like India, China, and Japan.

In terms of production and market growth, the LED lighting segment will

keep being the biggest segment in the electrical lighting equipment

market in the near future. LED is basically the most recent lighting

technology that produces photons via semiconductor materials. Light

emitting diodes are usually small and powerful. This makes them widely

integrated in a huge range of applications like traffic signals, general

lighting, advertising, medical devices, and automotive headlights.

LEDs are a cost-effective lighting solution that saves energy. Their low

energy consumption helps to achieve high efficiency. According to the

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most recent market research report, the world’s LED market size will get to

almost $100 billion by the year 2023. Therefore, this LED market will have

a CAGR of about 10%.

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Top 7 Electric Lighting Equipment Manufacturing Companies

Samsung LED

Samsung LED is one of the leading electric lighting and LED manufacturing

companies in South Korea. As a division of the South Korean

multinational electronics company, Samsung LED supplies electric lighting

equipment to various industries like automotive, consumer electronics,

and more. Also, this company focuses on delivering innovative and

advanced lighting solutions for use in several applications.

This lighting company is one of the top leading providers for LED lighting

solutions across the world. Some of its lighting systems include modules

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for different uses smart lighting solutions, mobile devices, and automotive.

Samsung has a vast experience and skills in the manufacturing of

semiconductor. This contributed to its continued innovation and

production of advanced LED devices.

OSRAM

This German multinational electric lighting equipment manufacturing

company has its headquarter in Munich, Germany. Osram is a popular

lighting company that mainly focuses on technologies that are

semiconductor-based. As one of the leading supplier for lighting and

electronics products in Germany and across the globe, Osram’s product

portfolio includes optical sensors, lamps, automotive LED products,

luminaries, lighting and projection systems, infrared LEDs, lighting

solutions, and laser diodes for infrared and visible light.

In the year 2019, the total revenue of this lighting company amounted

$3.9 billion. Osram is an innovative electric lighting equipment company

that believes in creating new ideas that will transform the global electric

lighting equipment market. Over time, this company has continued to

integrate new technologies to provide advanced lighting solutions to

several applications.

Sharp

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Sharp is a Japanese electric lighting equipment company that

manufactures a wide range of electric lighting products for various

applications. As a global leader in electric lighting technology, this

company has a vast experience in the production and development of

lighting solutions. One of its best products is the lighting emitting diode

(LED). Another popular product of Sharp is luminaries.

The LED luminaires of Sharp provides high standards for the electric

lighting industry. Sharp’s lighting products are popular for the benefits

they offer. Some of these benefits include optimal lighting design, long

service life, visual comfort, and high system efficiency among others.

Another great benefit of Sharp electric lighting equipment is its

eco-friendliness. The team at Sharp is dedicated to creating innovative

lighting solutions.

Signify

Signify is one of the most popular lighting companies in the world. This

electric lighting company was formerly referred to as Philips Lighting.

Signify has its headquarters in Eindhoven, the Netherlands. As a highly

ranked electric lighting equipment manufacturing company, Signify

provides high-quality lighting solution to various industries.

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To date, Signify still remains a global market leader with vast expertise in

the production and application of innovative lighting solutions for

commercial and residential purposes. The product portfolio of this

company includes Indoor and Outdoor luminaries, Hue personal wireless

lighting, Conventional tubes and lamps, Bulbs, and LED lights. The total

revenue of this company amounted to a whopping $7.2 billion in the year

2019.

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Acuity Brands, Inc

LED Aluminum Substrate

Acuity Brands is a popular electric lighting company that focuses on the

production and development of lighting solutions in the world. Its

headquarters is in Atlanta, GA, United States. This electric lighting

equipment manufacturing company has operations across countries in

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Europe, Asia, and North America. It supplies a wide range of electric

lighting widely integrated in various applications.

Acuity Brand provides various outdoor and indoor lighting solutions ideal

for different applications and environment. The LED lighting solutions of

this company are sold under different brands like Lithonia Lighting,

American Electric Lighting, Atrius, Holophane, Healthcare Lighting, Aculux,

IOTA, etc. This company has earned a high reputation in the production of

electric lighting.

Everlight

Everlight is a Taiwan based electric lighting company. It is one of the

largest LED lighting company in the world based by volume. Everlight

supplies a wide range of lighting solutions and products like opto-couplers,

high-power LEDs, infrared components, SMD LEDs, digital displays, lamps,

LED lighting modules, and lighting components for different industries. In

2019, the annual revenue of this reputable lighting company reached $150

million. Two years after, its annual revenue reached a whopping $897.84

million.

For more than two decades, Everlight has continued to focus on the

improvement of electric lighting manufacturing process via research and

development. This company provides lighting solutions that feature

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efficiency and high quality for different applications. Everlight designed a

global business contact network where the needs of customers are met.

Cree

This US-based electric lighting manufacturer mainly focuses on the

production of LED lighting. Cree is one of the world’s largest LED lighting

companies. Asides LED lighting production, Cree manufactures

semiconductor products for different industries. It has been able to install

more than 125 million LED lights since 2008. Cree’s integration of

cutting-edge technology helps in providing reliable and high-performance

lighting for commercial and residential purposes.

The headquarter of this company is in North Carolina, United States. As a

large supplier of LED lighting, Cree provides the widest portfolio of

advanced and high-quality LED components in the industry. This includes

LED modules for displays and lighting, discrete LEDs, and LED arrays.

Some of Cree’s LED products are LED Modules, XLamp LEDs, and the J

Series LEDs.

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Segments of the Electric Lighting Equipment Market

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The electric lighting equipment market comprises electrical lighting

solutions like lighting fixtures, general indoor lighting, outdoor electric

lighting equipment, and lamp shades. The global electric lighting

equipment manufacturing industry is in various classifications:

 By application: commercial, residential, and automotive

 By mode: offline, online

 By type: Back lighting, general lighting, and automotive lighting

 By sales channel: OEM and aftermarket

Sub-segments include:

Halogen, Compact Fluorescent Lamps, High Density Discharge, Bulbs,

Linear Fluorescent, Cold Cathode Fluorescent Lamps, Light Emitting

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Diodes (LED), Compact Fluorescent Lamps, Back Lighting-Light Emitting

Diode, Automotive LED, and more.

Importance of Electric Lighting Equipment

Functionality

It is easier to see when there is light. We need light for watching TV,

reading, and doing some activities. Electric lighting equipment serves

several functions. However, the light levels also determine how we see.

For instance, if the light from the TV is too much, it makes it difficult to see

the screen.

Security

Electric Lighting equipment provides security. Lighting for security

purpose makes you feel safe and as well deters potential buglers. A bugler

will more likely target a home in darkness than a well lit home.

Homeowners feel safer when they can easily spot an intruder or burglar.

Also, potential burglars are afraid of being caught when there is light.

Outdoor lighting equipment is usually installed for security and safety

purposes.

Mood and ambience

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Another benefit of electric lighting is how its elevates our mood. Lighting

can help to create a welcoming and warm feeling.

Other applications

Electric lighting equipment is widely used in several applications. For

instance, automotive lighting equipment helps drivers and pedestrians to

know the direction of a vehicle. Electric lighting equipment is also

integrated in other applications like medical, consumer electronics, and

more.

Conclusion

As electric lighting continues to become a crucial element for residential,

industrial, and commercial, environment in world, electric lighting

equipment manufacturing companies has continued to experience some

growth. Also, the LED lighting sector has continued to make impact in the

electric lighting industry due to its constant and increasing growth.

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