Singapore Electric lighting equipment Market (2024-2030) | Forecast, Growth, Analysis, Outlook, COVID-19 IMPACT, Trends, Size, Value, Revenue, Industry, Share & Companies

Market Forecast By Type (General Lighting, Automotive Lighting, Back Lighting), By Application (Residential, Commercial, Automotive, Others), By Sales Channel (OEM, Aftermarket ), By Mode (Offline, Online) And Competitive Landscape
Product Code: ETC018227 Publication Date: Jul 2023 Updated Date: Jan 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Singapore Electric lighting equipment Market Synopsis

The electric lighting equipment market in Singapore is expected to register a CAGR of approximately 6.5% during the forecast period (2020-2026). The growth of the market can be attributed to increasing investments in smart lighting, rising awareness about energy efficiency, and government initiatives. Moreover, technological advancements and growing demand for LED lighting are anticipated to drive the overall industry growth.

Market Drivers

Rising Investments in Smart Lighting ??? Government has been making huge investments in smart cities and IoT technologies such as connected lights across various countries including Singapore which will propel the growth of electrical lighting equipment markets over the forecast period.Increasing Awareness About Energy Efficiency ??? There is an increased focus on energy efficient solutions due to rising concerns about greenhouse gas emissions which is driving adoption of energy efficient products like LED bulbs and fixtures by residential consumers as well as commercial customers. This trend is further accentuated by escalating electricity tariffs resulting from higher power consumption levels leading up more investment into energy savings solutions like motion sensors for lightings systems ETC, thereby propelling industry sales growth potentials significantly over 2020-2026 timeline periods.

Market challenges

High Initial Investment Cost ??? Installation cost associated with switching from traditional light sources such as fluorescent lamps can be relatively expensive when compared with conventional bulbs making it difficult for some users to switch over easily affecting adoption rate.2) Limited Accessibility To Low Voltage Systems???Most areas within Singapore lack access low voltage wiring systems therefore restricting availability efficient LED based solutions hence hindering development of electric lightning equipments market during 2020-2026.

Key players

Major players operating Singapore electric lightning equipments market include ABB Ltd., Schneider Electric SE, Philips Lighting Holding BV, OSRAM Licht AG, Eaton Corporation Plc., Acuity Brands Inc., Cree Inc., Hubbell Incorporated, Havells India Ltd.

Covid-19 Impact

Due to Covid 19 pandemic, lockdown imposed across most parts world led decrease construction activities thus hampering sales electrical lightning equipments adversely affecting market growth during 2020 - 2026.However, rising importance safety measures implemented protect workers health jobsites likely propel demand these products keeping business operations going post covid 19 outbreak.

Key Highlights of the Report:

  • Singapore Electric lighting equipment Market Outlook
  • Market Size of Singapore Electric lighting equipment Market, 2023
  • Forecast of Singapore Electric lighting equipment Market, 2030
  • Historical Data and Forecast of Singapore Electric lighting equipment Revenues & Volume for the Period 2020-2030
  • Singapore Electric lighting equipment Market Trend Evolution
  • Singapore Electric lighting equipment Market Drivers and Challenges
  • Singapore Electric lighting equipment Price Trends
  • Singapore Electric lighting equipment Porter's Five Forces
  • Singapore Electric lighting equipment Industry Life Cycle
  • Historical Data and Forecast of Singapore Electric lighting equipment Market Revenues & Volume By Type for the Period 2020-2030
  • Historical Data and Forecast of Singapore Electric lighting equipment Market Revenues & Volume By General Lighting for the Period 2020-2030
  • Historical Data and Forecast of Singapore Electric lighting equipment Market Revenues & Volume By Automotive Lighting for the Period 2020-2030
  • Historical Data and Forecast of Singapore Electric lighting equipment Market Revenues & Volume By Back Lighting for the Period 2020-2030
  • Historical Data and Forecast of Singapore Electric lighting equipment Market Revenues & Volume By Application for the Period 2020-2030
  • Historical Data and Forecast of Singapore Electric lighting equipment Market Revenues & Volume By Residential for the Period 2020-2030
  • Historical Data and Forecast of Singapore Electric lighting equipment Market Revenues & Volume By Commercial for the Period 2020-2030
  • Historical Data and Forecast of Singapore Electric lighting equipment Market Revenues & Volume By Automotive for the Period 2020-2030
  • Historical Data and Forecast of Singapore Electric lighting equipment Market Revenues & Volume By Others for the Period 2020-2030
  • Historical Data and Forecast of Singapore Electric lighting equipment Market Revenues & Volume By Sales Channel for the Period 2020-2030
  • Historical Data and Forecast of Singapore Electric lighting equipment Market Revenues & Volume By OEM for the Period 2020-2030
  • Historical Data and Forecast of Singapore Electric lighting equipment Market Revenues & Volume By Aftermarket? for the Period 2020-2030
  • Historical Data and Forecast of Singapore Electric lighting equipment Market Revenues & Volume By Mode for the Period 2020-2030
  • Historical Data and Forecast of Singapore Electric lighting equipment Market Revenues & Volume By Offline for the Period 2020-2030
  • Historical Data and Forecast of Singapore Electric lighting equipment Market Revenues & Volume By Online for the Period 2020-2030
  • Singapore Electric lighting equipment Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Application
  • Market Opportunity Assessment By Sales Channel
  • Market Opportunity Assessment By Mode
  • Singapore Electric lighting equipment Top Companies Market Share
  • Singapore Electric lighting equipment Competitive Benchmarking By Technical and Operational Parameters
  • Singapore Electric lighting equipment Company Profiles
  • Singapore Electric lighting equipment Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
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1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 Singapore Electric lighting equipment Market Overview

3.1 Singapore Country Macro Economic Indicators

3.2 Singapore Electric lighting equipment Market Revenues & Volume, 2020 & 2030F

3.3 Singapore Electric lighting equipment Market - Industry Life Cycle

3.4 Singapore Electric lighting equipment Market - Porter's Five Forces

3.5 Singapore Electric lighting equipment Market Revenues & Volume Share, By Type, 2020 & 2030F

3.6 Singapore Electric lighting equipment Market Revenues & Volume Share, By Application, 2020 & 2030F

3.7 Singapore Electric lighting equipment Market Revenues & Volume Share, By Sales Channel, 2020 & 2030F

3.8 Singapore Electric lighting equipment Market Revenues & Volume Share, By Mode, 2020 & 2030F

4 Singapore Electric lighting equipment Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 Singapore Electric lighting equipment Market Trends

6 Singapore Electric lighting equipment Market, By Types

6.1 Singapore Electric lighting equipment Market, By Type

6.1.1 Overview and Analysis

6.1.2 Singapore Electric lighting equipment Market Revenues & Volume, By Type, 2020-2030F

6.1.3 Singapore Electric lighting equipment Market Revenues & Volume, By General Lighting, 2020-2030F

6.1.4 Singapore Electric lighting equipment Market Revenues & Volume, By Automotive Lighting, 2020-2030F

6.1.5 Singapore Electric lighting equipment Market Revenues & Volume, By Back Lighting, 2020-2030F

6.2 Singapore Electric lighting equipment Market, By Application

6.2.1 Overview and Analysis

6.2.2 Singapore Electric lighting equipment Market Revenues & Volume, By Residential, 2020-2030F

6.2.3 Singapore Electric lighting equipment Market Revenues & Volume, By Commercial, 2020-2030F

6.2.4 Singapore Electric lighting equipment Market Revenues & Volume, By Automotive, 2020-2030F

6.2.5 Singapore Electric lighting equipment Market Revenues & Volume, By Others, 2020-2030F

6.3 Singapore Electric lighting equipment Market, By Sales Channel

6.3.1 Overview and Analysis

6.3.2 Singapore Electric lighting equipment Market Revenues & Volume, By OEM, 2020-2030F

6.3.3 Singapore Electric lighting equipment Market Revenues & Volume, By Aftermarket , 2020-2030F

6.4 Singapore Electric lighting equipment Market, By Mode

6.4.1 Overview and Analysis

6.4.2 Singapore Electric lighting equipment Market Revenues & Volume, By Offline, 2020-2030F

6.4.3 Singapore Electric lighting equipment Market Revenues & Volume, By Online, 2020-2030F

7 Singapore Electric lighting equipment Market Import-Export Trade Statistics

7.1 Singapore Electric lighting equipment Market Export to Major Countries

7.2 Singapore Electric lighting equipment Market Imports from Major Countries

8 Singapore Electric lighting equipment Market Key Performance Indicators

9 Singapore Electric lighting equipment Market - Opportunity Assessment

9.1 Singapore Electric lighting equipment Market Opportunity Assessment, By Type, 2020 & 2030F

9.2 Singapore Electric lighting equipment Market Opportunity Assessment, By Application, 2020 & 2030F

9.3 Singapore Electric lighting equipment Market Opportunity Assessment, By Sales Channel, 2020 & 2030F

9.4 Singapore Electric lighting equipment Market Opportunity Assessment, By Mode, 2020 & 2030F

10 Singapore Electric lighting equipment Market - Competitive Landscape

10.1 Singapore Electric lighting equipment Market Revenue Share, By Companies, 2023

10.2 Singapore Electric lighting equipment Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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