The analysts forecast the Global Lighting Socket Market to grow at a CAGR of 4.63% during the period 2018-2022.
Lighting sockets are used to provide electrical connection between the mains and the electric lamp and securely hold the lamp within the lighting fixture.
The report covers the present scenario and the growth prospects of the lighting socket market. To calculate the market size, the report considers the revenue generated from the sales of lighting socket.
One trend affecting this market is the declining cost of LED manufacturing The cost of manufacturing LED lights declined significantly between 2012 and 2017, prompting greater demand for LED-based lighting products. This decline in cost is mainly attributed to the declining price of semiconductor chips and other components used in LED manufacturing and is expected to drive the growth in demand for LED lighting during the forecast period.
One driver influencing this market is the rise in construction and infrastructure development activities. The rise in investments in construction and infrastructure development activities is a direct factor driving the demand for lighting products in lighting households, commercial facilities, and public infrastructure and institutions. This will present significant opportunities for the growth of the lighting socket market during the forecast period.
The report states that one challenge affecting this market is the slowdown in industrial sector growth. The overall lighting socket market is expected to grow considerably during the next five years, however, the growth rate in several regions worldwide may be stunted, owing to the slowdown in industrial growth and economic recession.
- Acuity Brands Lighting
- GENERAL ELECTRIC
Key Topics Covered:
01. Executive Summary
02. Scope Of The Report
03. Research Methodology
04. Market Landscape
05. Market Sizing
06. Five Forces Analysis
07. Customer Landscape
08. Market Segmentation By End-User
09. Regional Landscape
10. Decision Framework
11. Drivers And Challenges
12. Market Trends
13. Vendor Landscape
14. Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/rkgs76/global_lighting?w=4