Market Insights Consumer Furniture Lamps & Lighting

Light Bulbs & Fittings - Equatorial Guinea

Equatorial Guinea

in Equatorial Guinea, a country known for its rich history and cultural heritage, is also a player in the global market segment of Light Bulbs & Fittings market.
In 2024, the revenue generated in this segment amounts to US$3.14m.
Looking ahead, the market is projected to experience an annual growth rate of -7.47% from 2024 to 2029 (CAGR 2024-2029).
When comparing the revenue generated in the Light Bulbs & Fittings market on a global scale, it is notable that in the United States leads the way with a staggering revenue of US$11,940m in 2024.
This highlights the significant market presence and economic strength of the United States in this industry.
In terms of per capita revenue, in Equatorial Guinea generates US$1.79 per person in 2024.
This figure provides insight into the average contribution of each individual in the country to the overall revenue in the Light Bulbs & Fittings market.
Equatorial Guinea has seen a shift towards energy-efficient LED light bulbs, driven by the government's focus on sustainability.

Key regions: Denmark, France, United Kingdom, Brazil, China

Market

Region

Region comparison

Currency

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is segmented by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen and Dining room, Bathroom, Outdoor, and Home Office. The Furniture market also includes Lamps and Lighting and Home Decor because the furnishings and accessories within these segments are not specific to any room.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as consumer spending and GDP. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing is well suited for forecasting the Furniture market with a projected steady growth. The main drivers are furniture and furnishings, carpets and other floor coverings, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.