Artificial Lights Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
Artificial Lights Market is segmented By Type (LED, CFL, LFL, HID, Halogen, Incandescent), By Applic....
Artificial Lights Market Size
Market Size in USD Bn
CAGR3.1%
| Study Period | 2024 - 2031 |
| Base Year of Estimation | 2023 |
| CAGR | 3.1% |
| Market Concentration | High |
| Major Players | General Electric (GE Lighting), Panasonic Corporation, Osram Licht AG, Schneider Electric SE, Cree, Inc. and Among Others |
*Disclaimer: Major players are listed in no particular order.
*Source: Coherent Market Insights
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Artificial Lights Market Analysis
Artificial lights market is estimated to be valued at USD 99.89 Bn in 2024 and is expected to reach USD 123.69 Bn by 2031. It is projected to grow at a compound annual growth rate (CAGR) of 3.1% from 2024 to 2031. The artificial lights market has been witnessing significant growth driven by various factors. They include growth in construction and infrastructure development activities and demand for artificial lights for interior and exterior illumination.