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I AgreeAnalysis of Vintage Bulb market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Vintage Bulb or Edison Light Bulb are glass covered long, complicated winding with carbon or tungsten filament. The vintage bulb market will witness an optimistic and steady growth during 2021-2031 by a CAGR of 4.3% from the base year 2020. The health issues caused by modern LED`s and growing demand of aesthetic look in commercial areas will help the vintage market to grow.
With the diversifying urbanization, the household areas are reducing, with more and more start-ups of bars and restaurants, which continues to drive the demand for vintage bulb. Therefore, the manufacturers are also producing vintage bulb of different shapes, styles and design, which helps in creating an aesthetic atmosphere.
In addition, the operational functions of a vintage bulb are very efficient as it allows the user to dim the brightness according to their need. Additionally the increase in acknowledgment part of enlightening medium in setting up a polite atmosphere and moving towards popular design is going to drive the demand of vintage bulb.
With the innovation in the electronic industry, LED`s have been making a remarkable progress due to their longer usage period and high output with less energy consumption.
But, in a recent study it has been found that LED`s being used at night are harmful for humans, especially the cool blue light LED which has a temperature of about 4000K-6000K, causes range of health issues from sleep disturbance to cataracts. On the other hand, warm light, which glows from a vintage bulb, has a running temperature of about 2200K-2400K, which is better at night.
In the US market, the vintage bulb market expects to grow since the innovation of LED vintage bulbs, which look like a vintage bulb and consume less energy as they run on LED instead of filament.
In addition, the average projected energy, utilization will differ with the use of LED vintage bulb in business and private and outside lightning applications, as they are defined with high yield and long working hours.
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Until 2019, Europe had been of the largest market for the vintage bulb globally, but COVID-19 crisis had severely affected the market followed by shutdown of many industries. This led to decrease in the operational growth and thus led to reduce in demand of vintage bulb.
Europe vintage bulb market was dependent upon China, which was the main supplier of lightning products. However, in the recent times, Europe had launched products made in Italy and Germany as China focused only on mass production. Whereas, the other manufacturers focused more on innovation and creativity which had become one of the key factors for increasing the sales of vintage bulb in the European market.
Some of the leading manufacturers and suppliers of vintage bulb globally are
Excluding the manufacturing, many brands are also working on launching new products that do not concern any health issue. Optics & Photonics have launched a prototype LED that emits warm white light with reduced blue light wavelength, termed as ‘Human Friendly’ LED.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
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According to Fact.MR's recent study, the vintage bulb market will grow optimistically and steadily between 2022 and 2032, at a CAGR of 4.3% from the base year of 2021.
Because of the health concerns caused by modern LEDs and the increasing demand for an aesthetic look in commercial areas, the vintage bulb market is experiencing rapid growth.
Because of the advancements of LED vintage bulbs, which look like vintage bulbs and use less power since they run on LED rather than filament, the market will generate a huge market share in the U.S.
The vintage bulb market is likely to be worth US$ 2,671.08 Million in 2022.
The vintage bulb market has high growth potential due to rapid urbanization and government subsidiaries in emerging economies.
The manufacturers in the vintage bulb industry are likely to find the most opportunities in the Asia Pacific region.