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  4. Lamps & Lighting

Light Bulbs & Fittings - Guinea

Guinea
  • In Guinea, the revenue generated in the Light Bulbs & Fittings market is estimated to reach US$5.12m in 2024.
  • It is projected that the market will experience an annual growth rate of -2.91% from 2024 to 2029 (CAGR 2024-2029).
  • When compared globally, United States leads in terms of revenue generation with US$12bn in 2024.
  • In relation to the total population, the per person revenue in Guinea is approximately US$0.35 in 2024.
  • The demand for energy-efficient LED light bulbs in Guinea is on the rise, as consumers prioritize cost savings and environmental sustainability.

Definition:

This segment covers a wide range of other lamps and light fixtures which aren't defined as ceiling lights and table or standing lamps. Due to the varied nature of these lamps and light fixtures, their functions can vary. While some decorative lights are used for specific holidays or purposes, for example, Christmas lights, other are used for various occasions. This segment includes filament lamps, fluorescent hot cathode discharge lamps, other discharge lamps, electrical lamps of plastic, other materials, and lighting sets as decoration and for Christmas trees. However, hardware such as transformers, switches, and dimmers are excluded.

Additional Information:

The Light Bulbs & Fittings subsubsegment consists of revenue and average revenue per capita data. Per capita figures consider the whole population. This subsubsegment includes only business to consumer (B2C) sales. Business to business (B2B) sales (e. g., furniture for coffee shops, offices, etc.) are excluded in the figures shown. For more information on the displayed data, click the info button on the right-hand side of each box. In terms of key players in the furniture market, IKEA is the leading furniture company; however, with the rise of eCommerce, players such as Wayfair are gaining ground.

In-Scope

  • Filament lamps
  • Fluorescent lamps
  • Discharge lamps
  • Decoration lighting like Christmas tree lighting sets

Out-Of-Scope

  • Lighting hardware such as transformers, switches, and dimmers
  • Candles

Revenue

Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Nov 2024

Source: Statista Market Insights

Most recent update: Jul 2024

Source: Statista Market Insights

Most recent update: Nov 2024

Source: Statista Market Insights

Global Comparison

Most recent update: Nov 2024

Source: Statista Market Insights

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 categorized by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen & Dining room, Outdoor, Home Office, and Baby & Children's Furniture. The Furniture market also includes Lamps and Lighting and Home Décor because the furnishings and accessories within these categories 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.

Key Market Indicators

Notes: Based on data from IMF, World Bank, UN and Eurostat

Most recent update: Sep 2024

Source: Statista Market Insights

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