World - Electric Lamps - Market Analysis, Forecast, Size, Trends and Insights
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The global electric lamp market is forecasted to continue its downward trend over the next eight years, with both market volume and value expected to contract. China, the United States, and India are key players in terms of consumption and production in the market. LED lamps and electric filament lamps are the most consumed products, while electric filament lamps dominate production. The United States is the largest importer and Germany is the largest exporter of electric lamps. Prices for electric lamp imports and exports have seen some fluctuations over the years.
Market Forecast
Depressed by shrinking demand for electric lamp worldwide, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -2.0% for the period from 2022 to 2030, which is projected to depress the market volume to 35B units by the end of 2030.
In value terms, the market is forecast to contract with an anticipated CAGR of +1.1% for the period from 2022 to 2030, which is projected to bring the market value to $91.9B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Electric Lamps
In 2022, consumption of electric lamps was finally on the rise to reach 41B units for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Global consumption peaked at 43B units in 2012; however, from 2013 to 2022, consumption failed to regain momentum.
The global electric lamp market size reduced sharply to $84.1B in 2022, falling by -16.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a mild curtailment. Over the period under review, the global market reached the peak level at $110.5B in 2019; however, from 2020 to 2022, consumption failed to regain momentum.
Consumption By Country
China (17B units) remains the largest electric lamp consuming country worldwide, comprising approx. 40% of total volume. Moreover, electric lamp consumption in China exceeded the figures recorded by the second-largest consumer, the United States (5B units), threefold. India (3.3B units) ranked third in terms of total consumption with a 7.9% share.
From 2012 to 2022, the average annual rate of growth in terms of volume in China stood at +4.0%. In the other countries, the average annual rates were as follows: the United States (+1.8% per year) and India (-1.4% per year).
In value terms, the largest electric lamp markets worldwide were Germany ($15B), the United States ($9.8B) and Japan ($7.1B), with a combined 38% share of the global market.
Among the main consuming countries, the United States, with a CAGR of +1.9%, recorded the highest growth rate of market size over the period under review, while market for the other global leaders experienced mixed trends in the market figures.
The countries with the highest levels of electric lamp per capita consumption in 2022 were the United States (15 units per person), South Korea (12 units per person) and China (12 units per person).
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by China (with a CAGR of +3.9%), while consumption for the other global leaders experienced mixed trends in the per capita consumption figures.
Consumption By Type
The products with the highest volumes of consumption in 2022 were electric filament lamps (18B units), LED lamps (12B units) and tungsten halogen lamps (8.9B units), together accounting for 92% of global consumption.
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consumed products, was attained by LED lamps (with a CAGR of +25.8%), while consumption for the other products experienced mixed trends in the consumption figures.
In value terms, LED lamps ($44.8B) led the market, alone. The second position in the ranking was held by tungsten halogen lamps ($13.6B). It was followed by electric filament lamps.
For LED lamps, market increased at an average annual rate of +6.9% over the period from 2012-2022. With regard to the other consumed products, the following average annual rates of growth were recorded: tungsten halogen lamps (-5.5% per year) and electric filament lamps (+4.2% per year).
Production
World Production of Electric Lamps
In 2022, production of electric lamps decreased by -0.9% to 50B units, falling for the second year in a row after four years of growth. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 13% against the previous year. Global production peaked at 53B units in 2012; however, from 2013 to 2022, production remained at a lower figure.
In value terms, electric lamp production rose to $91.9B in 2022 estimated in export price. Overall, the total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.5% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 51%. Global production peaked at $94.2B in 2020; however, from 2021 to 2022, production remained at a lower figure.
Production By Country
The country with the largest volume of electric lamp production was China (33B units), comprising approx. 65% of total volume. Moreover, electric lamp production in China exceeded the figures recorded by the second-largest producer, the United States (3.1B units), tenfold. India (3.1B units) ranked third in terms of total production with a 6.2% share.
In China, electric lamp production expanded at an average annual rate of +1.6% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: the United States (+4.2% per year) and India (-1.6% per year).
Production By Type
Electric filament lamps (24B units) constituted the product with the largest volume of production, accounting for 51% of total volume. Moreover, electric filament lamps exceeded the figures recorded for the second-largest type, LED lamps (10B units), twofold. Tungsten halogen lamps (9.2B units) ranked third in terms of total production with a 19% share.
From 2012 to 2022, the average annual rate of growth in terms of the volume of electric filament lamps production stood at +1.4%. With regard to the other produced products, the following average annual rates of growth were recorded: LED lamps (+31.0% per year) and tungsten halogen lamps (-6.3% per year).
In value terms, LED lamps ($25.4B), electric filament lamps ($15B) and tungsten halogen lamps ($11.6B) constituted the products with the highest levels of production in 2022, with a combined 76% share of global production.
In terms of the main produced products, LED lamps, with a CAGR of +20.0%, saw the highest rates of growth with regard to market size over the period under review, while production for the other products experienced mixed trends in the production figures.
Imports
World Imports of Electric Lamps
In 2022, global imports of electric lamps reduced to 9.8B units, dropping by -12.3% on the previous year's figure. In general, imports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of 11% against the previous year. Global imports peaked at 16B units in 2013; however, from 2014 to 2022, imports remained at a lower figure.
In value terms, electric lamp imports dropped to $12.9B in 2022. Overall, imports continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2017 when imports increased by 37% against the previous year. Over the period under review, global imports attained the maximum at $16.5B in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.
Imports By Country
In 2022, the United States (2B units), distantly followed by Russia (664M units) and Mexico (659M units) represented the key importers of electric lamps, together constituting 34% of total imports. Brazil (293M units), India (280M units), the United Arab Emirates (274M units), China (259M units), Malaysia (246M units), Indonesia (223M units), Turkey (222M units), Germany (193M units), France (192M units) and Argentina (191M units) held a minor share of total imports.
Imports into the United States decreased at an average annual rate of -1.9% from 2012 to 2022. At the same time, Malaysia (+8.9%) and Russia (+1.5%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in the world, with a CAGR of +8.9% from 2012-2022. Mexico and Argentina experienced a relatively flat trend pattern. By contrast, India (-2.6%), Indonesia (-3.0%), the United Arab Emirates (-3.1%), Turkey (-6.5%), Brazil (-6.6%), China (-7.7%), Germany (-12.3%) and France (-14.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States, Russia, Mexico and Malaysia increased by +5.5, +3.3, +2.7 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the United States ($3B) constitutes the largest market for imported electric lamps worldwide, comprising 23% of global imports. The second position in the ranking was held by Germany ($812M), with a 6.3% share of global imports. It was followed by France, with a 4.9% share.
In the United States, electric lamp imports increased at an average annual rate of +2.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Germany (-2.0% per year) and France (-3.2% per year).
Imports By Type
In 2022, electric filament lamps (6.5B units) represented the major type of electric lamps, generating 65% of total imports. LED lamps (1.5B units) ranks second in terms of the total imports with a 15% share, followed by tungsten halogen lamps (9.9%) and fluorescent discharge lamps (8.7%).
From 2012 to 2022, average annual rates of growth with regard to electric filament lamps imports of stood at -6.9%. At the same time, LED lamps (+8.0%) displayed positive paces of growth. Moreover, LED lamps emerged as the fastest-growing type imported in the world, with a CAGR of +8.0% from 2012-2022. By contrast, tungsten halogen lamps (-9.8%) and fluorescent discharge lamps (-16.4%) illustrated a downward trend over the same period. LED lamps (+12 p.p.) and electric filament lamps (+4.7 p.p.) significantly strengthened its position in terms of the global imports, while tungsten halogen lamps and fluorescent discharge lamps saw its share reduced by -2.7% and -14.8% from 2012 to 2022, respectively.
In value terms, the largest types of imported electric lamps were ultraviolet or infrared lamps and arc lamps ($1.6B), fluorescent discharge lamps ($1.6B) and LED lamps ($1.5B), with a combined 66% share of global imports.
Among the main imported products, ultraviolet or infrared lamps and arc lamps, with a CAGR of +1.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other products experienced a decline in the imports figures.
Import Prices By Type
In 2022, the average electric lamp import price amounted to $1.3 per unit, approximately mirroring the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2017 an increase of 26%. Global import price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by the product type; the product with the highest price was ultraviolet or infrared lamps and arc lamps ($15 per unit), while the price for electric filament lamps ($0.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by tungsten halogen lamp (+3.1%), while the other products experienced more modest paces of growth.
Import Prices By Country
The average electric lamp import price stood at $1.3 per unit in 2022, remaining relatively unchanged against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2017 when the average import price increased by 26%. Global import price peaked in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($4.2 per unit), while the United Arab Emirates ($0.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+12.7%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Electric Lamps
In 2022, after two years of growth, there was significant decline in shipments abroad of electric lamps, when their volume decreased by -34.9% to 18B units. Overall, exports continue to indicate a noticeable setback. The most prominent rate of growth was recorded in 2017 when exports increased by 32% against the previous year. The global exports peaked at 28B units in 2021, and then fell sharply in the following year.
In value terms, electric lamp exports fell notably to $8B in 2022. In general, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 43% against the previous year. Over the period under review, the global exports attained the maximum at $16.1B in 2013; however, from 2014 to 2022, the exports failed to regain momentum.
Exports By Country
The biggest shipments were from China (16B units), together recording 89% of total export.
China experienced a relatively flat trend pattern with regard to volume of exports of electric lamps. While the share of China (+22 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($2.3B) also remains the largest electric lamp supplier worldwide.
In China, electric lamp exports plunged by an average annual rate of -9.1% over the period from 2012-2022.
Exports By Type
Electric filament lamps dominates exports structure, finishing at 13B units, which was near 83% of total exports in 2022. Fluorescent discharge lamps (1.3B units) ranks second in terms of the total exports with a 7.8% share, followed by tungsten halogen lamps (7.8%).
Electric filament lamps was also the fastest-growing in terms of exports, with a CAGR of -4.8% from 2012 to 2022. tungsten halogen lamps (-9.4%) and fluorescent discharge lamps (-14.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of electric filament lamps increased by +15 percentage points.
In value terms, the largest types of exported electric lamps were ultraviolet or infrared lamps and arc lamps ($2B), fluorescent discharge lamps ($1.8B) and tungsten halogen lamps ($1.3B), with a combined 83% share of global exports.
Ultraviolet or infrared lamps and arc lamps, with a CAGR of +2.8%, saw the highest growth rate of the value of exports, in terms of the main exported products over the period under review, while shipments for the other products experienced a decline in the exports figures.
Export Prices By Type
The average electric lamp export price stood at $0.4 per unit in 2022, reducing by -16.5% against the previous year. Overall, the export price saw a perceptible decrease. The most prominent rate of growth was recorded in 2013 when the average export price increased by 18% against the previous year. As a result, the export price attained the peak level of $0.7 per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major exported products. In 2022, the product with the highest price was ultraviolet or infrared lamps and arc lamps ($16 per unit), while the average price for exports of electric filament lamps ($0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by ultraviolet, infrared, or arc lamp (+3.4%), while the other products experienced more modest paces of growth.
Export Prices By Country
In 2022, the average electric lamp export price amounted to $0.4 per unit, shrinking by -16.5% against the previous year. Over the period under review, the export price continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2013 when the average export price increased by 18% against the previous year. As a result, the export price reached the peak level of $0.7 per unit. From 2014 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to -8.6% per year.
This report provides an in-depth analysis of the global electric lamp market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27401100 - Sealed beam lamp units
- Prodcom 27401250 - Tungsten halogen filament lamps for motorcycles and motor vehicles (excluding ultraviolet and infrared lamps)
- Prodcom 27401293 - Tungsten halogen filament lamps, for a voltage > .100 V (excluding ultraviolet and infra-red lamps, for motorcycles and motor vehicles)
- Prodcom 27401295 - Tungsten halogen filament lamps for a voltage . .100 V (excluding ultraviolet and infrared lamps, for motorcycles and motor vehicles)
- Prodcom 27401300 - Filament lamps of a power . .200 W and for a voltage > .100 V including reflector lamps (excluding ultraviolet, infrared lamps, t ungsten halogen filament lamps and sealed beam lamp units)
- Prodcom 27401460 - Filament lamps for motorcycles or other motor vehicles excluding sealed beam lamp units, tungsten halogen lamps
- Prodcom 27401490 - Filament lamps n.e.c.
- Prodcom 27401510 - Fluorescent hot cathode discharge lamps, with double ended cap (excluding ultraviolet lamps)
- Prodcom 27401530 - Fluorescent hot cathode discharge lamps (excluding ultraviolet lamps, with double ended cap)
- Prodcom 27401550 - Other discharge lamps (excluding ultraviolet lamps)
- Prodcom 27401570 - Ultraviolet or infrared lamps, arc lamps
- Prodcom 27403090 -
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
This report provides an in-depth analysis of the global electric lamp market.
This report provides an in-depth analysis of the global market for ultraviolet, infrared, or arc lamp.
This report provides an in-depth analysis of the global tungsten halogen lamp market.
This report provides an in-depth analysis of the global sealed beam market.
This report provides an in-depth analysis of the global market for electric filament lamp parts.
This report provides an in-depth analysis of the global fluorescent discharge lamps market.
This report provides an in-depth analysis of the global electric filament lamp market.
In 2016, the amount of lamp imported worldwide amounted to X tons, lowering by -X% against the previous year figure. Overall, lamp imports continue to indicate a moderate decrease. The pace of ...
In 2016, the amount of lamp imported worldwide amounted to X tons, lowering by -X% against the previous year figure. Overall, lamp imports continue to indicate a moderate decrease. The pace of ...
Germany held the second spot in the global trade of electric filament, discharge lamps and arc lamps. In 2014, Germany exported X thousand tons of electric filament, discharge lamps and arc lamps totaling X million USD, X% under the previous y