Filament Led Bulb Market Size, Share, Growth, and Industry Analysis, By Type (25W, 40W, 60W, and Others), By Application (Restaurant, Bar, Hotels & Resorts, Family, Café, and Others), Regional Insights, and Forecast To 2031

Updated On: 22 April 2024

FILAMENT LED BULB MARKET REPORT OVERVIEW

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global filament led bulb market size was USD 6574.5 million in 2021 and market is projected to touch USD 34959.11 million by 2031 at CAGR 20.4%.

A filament led bulb, also known as an LED filament bulb or vintage LED bulb, is a type of light bulb that uses light-emitting diodes (LEDs) arranged in a filament-like pattern to mimic the appearance of traditional incandescent filament bulbs. Instead of a single filament, it contains multiple LED filaments or a single continuous LED filament. These bulbs are designed to provide the warm, soft glow similar to incandescent bulbs while offering the energy efficiency and longer lifespan of LED technology.

Filament led bulbs are available in various shapes and sizes, including the popular Edison-style bulbs with visible filaments. They are commonly used in decorative lighting fixtures, such as chandeliers, pendant lights, table lamps, and wall sconces, where the filament-like appearance adds an attractive visual element to the ambiance. Compared to traditional incandescent bulbs, filament led bulbs consume significantly less energy, have a longer lifespan, and emit less heat. They are considered a more eco-friendly and cost-effective lighting option.

COVID-19 IMPACT : Increased Focus on Home Lighting to Boost Demand Significantly

COVID-19 had a life changing impact globally. The filament led bulb market was significantly affected. The virus had various impacts on different markets. Lockdowns were imposed in several nations. This erratic pandemic caused disruptions on all sorts of businesses. Restrictions tightened during the pandemic due to increasing number of cases. Numerous Industries were affected. However, the market for filament led bulb experienced an increased demand.

While the demand for residential lighting increased, the commercial lighting sector experienced a decline during the pandemic. With many businesses operating at reduced capacity or temporarily closed, the demand for commercial lighting products, including filament LED bulbs used in restaurants, hotels, and retail spaces, decreased.

With lockdowns and stay-at-home orders in place during the pandemic, people spent more time at home. This led to increased attention on home lighting and creating comfortable and appealing living spaces. Filament LED bulbs, with their warm and cozy glow, became a popular choice for creating ambient lighting and enhancing the overall atmosphere in residential settings. The market is anticipated to boost the filament led bulb market share following the pandemic.

LATEST TRENDS

"Enhanced Dimming Capabilities to Broaden Market Growth"

Filament LED bulbs are being designed with improved dimming capabilities, allowing users to adjust the brightness to their preferred levels. This provides greater flexibility in creating desired lighting atmospheres and ambiance. Manufacturers are developing bulbs with higher lumens per watt, providing more light output while consuming less energy.

Filament LED bulbs are increasingly incorporating smart features, allowing users to control the bulbs remotely through smartphone apps or voice assistants. This includes dimming control, color temperature adjustment, scheduling, and integration with home automation systems. Manufacturers are continually improving the durability and longevity of filament LED bulbs, providing customers with bulbs that can last for tens of thousands of hours. These latest developments are anticipated to boost the filament led bulb market share.

FILAMENT LED BULB MARKET SEGMENTATION

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• By Type

Based on type, the market is divided into 25W, 40W, 60W, and Others.

40W holds a major share of the global market.

• By Application

Based on application, the market is bifurcated into Restaurant, Bar, Hotels & Resorts, Family, Café, and Others.

Restaurant as application holds a major share of the global market.

DRIVING FACTORS

"Energy Efficiency to Boost Market Share"

Filament LED bulbs are highly energy-efficient compared to traditional incandescent bulbs. They consume significantly less electricity while producing the same amount of light or even more. As energy costs rise and environmental concerns increase, consumers are opting for more energy-efficient lighting solutions, making filament LED bulbs an attractive choice.

"Environmental Friendliness to Boost Market Size"

Filament LED bulbs are more environmentally friendly than incandescent bulbs. They consume less energy, leading to reduced greenhouse gas emissions and a smaller carbon footprint. Additionally, LED bulbs do not contain hazardous materials like mercury, making them easier to dispose of and recycle. Filament LED bulbs provide high-quality lighting with excellent color rendering and brightness. These factors are anticipated to drive the filament led bulb market share.

RESTRAINING FACTORS

"High Initial Cost to Hamper Market Share"

Filament led bulbs typically have a higher upfront cost compared to traditional incandescent bulbs. The initial investment required to purchase filament led bulbs may deter some cost-conscious consumers, especially when they are accustomed to the lower price point of incandescent bulbs. The factors are anticipated to hinder the growth of the filament led bulb market share.

FILAMENT LED BULB MARKET REGIONAL INSIGHTS

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"Asia-Pacific Dominates the Filament Led Bulb Market "

APAC is the largest market shareholder for filament led bulb market share. The APAC region, has emerged as a major manufacturing hub for lighting products, including LED bulbs. The region benefits from cost-effective manufacturing processes, access to raw materials, and a well-established supply chain. Many countries in the APAC region have implemented government initiatives and policies to promote energy efficiency and sustainability. These initiatives often include the adoption of energy-efficient lighting solutions North America is the second major shareholder for the filament led bulb market share.

KEY INDUSTRY PLAYERS

"Market Players Focus on New Product Launches to Strengthen Market Position"

Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and launch of new, technologically-advanced products in the market. Some companies are also adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.   

List of Market Players Profiled

• Ledvance [Germany]
• Philips [Netherlands]
• GE (General Electric) [U.S.]
• OPPLE [China]
• FSL (Forest Lighting) [China]
• SUNSHINE Lighting Limited [Taiwan]
• Opus Lighting Technology [Hong Kong]
• RÁBALUX [Hungary]
• Feit Electric [U.S.]
• Hyperikon, Inc. [U.S.]

REPORT COVERAGE

This research profiles a report with extensive studies that take into description of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.