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MarketResearch.biz delivers in-depth insights in its upcoming report titled, “Global Energy Efficient Lighting Technology Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global energy efficient lighting technology market is estimated to register a CAGR of XX.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global energy efficient lighting technology market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global energy efficient lighting technology market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global energy efficient lighting technology market is segmented on the basis of product type, applications, and region.
An energy efficient device or product consumes less energy/power and incurs lower operating cost as compared to its conventional or traditional counterpart. Initially incandescent bulbs were used for lighting but nowadays compact fluorescent lamps (CFL) and light emitting diodes (LEDs) are used, as they consume around 75% lesser energy.
Increasing government initiatives towards adoption of energy efficient solutions coupled with green building initiatives in various countries are major factors driving growth of the global energy efficient lighting technology market. In addition, increasing awareness among consumers regarding energy efficient products and devices is further driving growth of the global energy efficient lighting technology market. Increasing adoption of energy efficient lighting technology by various enterprises, residential, commercial buildings and increasing deployment of smart buildings and smart cities that use energy efficient lighting solutions are some other factors fueling growth of the global energy efficient lighting technology market.
However, CFL bulb contains various chemical elements and gases such as Mercury, Xenon etc. that are toxic in nature and environmental concerns related to exposure of these gases and elements is a primary factor hampering growth of the global energy efficient lighting technology market to a certain extent. Technological advancements towards product development and product offering can create potential business opportunities for market players in the global energy efficient lighting technology market over the forecast period.
Europe accounts for highest market share in terms of revenue contribution and is expected to maintain its position over the forecast period, followed by the market in North America. The growth in Europe market can be attributed to European Union initiative towards zero energy building by 2020 and high adoption rate of energy efficient solutions. The market in Asia Pacific is expected to register a CAGR of X.X% by 2026, owing to increasing adoption of energy efficient lighting technologies coupled with rapid urbanization in emerging economies in this region.
Global Energy Efficient Lighting Technology Market Segmentation:
Global energy efficient lighting technology market segmentation, by product type:
- Incandescent Lamp
- Light Emitting Diode
- Arc Lamp
- Gas Discharge Lamps
Global energy efficient lighting technology market segmentation, by applications:
Global energy efficient lighting technology market segmentation, by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- GE Lighting
- OSRAM GmbH
- Bajaj Electricals Ltd.
- Apple Inc.
- Bridgelux Inc.
- Cooper Lighting
- Philips Lighting
- Cree Inc.
- Digital Lumens Inc.
- LIGMAN Lighting Co. Ltd.
- Nichia Corporation
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