The market for lamps and bulbs - Germany

The market for lamps and light bulbs comprises the trade in lighting products used for various applications in households, commercial and industrial enterprises and public spaces. This market comprises a wide range of products, including incandescent bulbs, LED lamps, energy-saving lamps, halogen lamps, fluorescent lamps and more. The global market is growing thanks to urbanization in developing countries. It is expected to grow at a CAGR of 7.3% between 2022 and 2028, driven by the global construction market and the development of LED technologies, particularly in Asia. [Expert Market Research] The German market, on the other hand, has been in a contraction phase for several years, as the market structure has completely changed and competition from Asian countries is fierce. The ban on incandescent and halogen lamps has caused an upheaval in the industry and the players have had to close their production lines, often without replacement, as they lacked the know-how for LEDs. Most of the supply was shifted to Asian countries. The most important trends are the massive use of LEDs (as a replacement for other light bulbs), but also the increasing demand for networked light bulbs whose brightness, color, etc. can be controlled remotely via smartphone. The following market study looks at current trends in the industry as well as the market structure and competitive situation in the market.