Energy Efficient Lighting Market by Source (High-Intensity Discharge Lamps (HID), Linear Fluorescent Lamps (LFL), and Light Emitting Diodes (LED)): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2024

Global energy efficient lighting market expected to generate revenue of around USD 13.39 billion by the end of 2024, growing at a CAGR of around 13.57% between 2018 and 2024. Technological advancements in the lighting systems not only provide energy efficiency but also offer additional benefits such as light ambiance, ventilation, and warmth.

13-Aug-2018 | Number of pages: 110 | Report Code: ZMR-2526 | Report Format : | Status : Published

Analysis

In this modern world, energy lighting has been playing a critical role in each and every sector irrespective of developing or developed nations. A huge amount of energy can be saved by utilizing energy-efficient hardware, electronics, and lighting gadgets. Utilizing energy efficient lighting lowers heat gain, therefore saving air-conditioning energy and cooling energy thus enhancing warm comfort. Efficient electric lighting outline and design influence visual comfort as it focuses on an appropriate and adequate illumination of light while controlling reflection and glare. The global energy efficient lighting market is anticipated to grow bigger as the industry clients and users are constantly looking for arrangements that can lower the consumption of energy and provide cost-effectiveness. Such factors are contributing to the energy efficient lighting market growth over the forecast period. 
  
Technological advancements in the lighting systems not only provide energy efficiency but also offer additional benefits such as light ambiance, ventilation, and warmth. In addition, these lighting devices add the aesthetic beauty of the house and eliminate the need for artificial heating and cooling. The government initiatives for energy saving in order to maintain sustainability and eco-friendly environment are also factors that are fueling the growth of the market. The energy cost differs among developing and developed countries, governments of respective countries are formulating rules and regulations in order to ensure adequate power generation. In comparison to traditional lighting devices, the energy-efficient lighting devices such as LED and CFL aid the organizations in the conservation of energy and cost-effectiveness. Thus, the rising need and demand for energy-efficient lighting are boosting the market growth and development. 

Global Energy Efficient Lighting Market

Based on source, the energy efficient lighting market is segmented into high-intensity discharge lamps (HID), light emitting diodes (LED), and linear fluorescent lamps (LFL). 
The Asia Pacific held the substantial revenue share of the global energy efficient lighting market in 2017 and the region is anticipated to continue with its regional supremacy over the forecast period. The growth of this regional market is attributed to the rising demand for energy efficient lighting system in order to save energy. Also, the countries such as India, Japan, and China are spending and investing capital in new technologies of lighting systems. As Asia Pacific region is a manufacturing hub, rapid industrialization is also the factor which is contributing to the growth and development of the market. Europe and North America have developed nations, which forecast to have a stable growth in the energy efficient lighting market. Government rules and regulations regarding eco-friendly environment are boosting the market growth in those regions. Such factors are expected to drive the energy efficient lighting market growth over the forecast timeframe.  

Some of the industry players operating in the energy efficient lighting market include Eaton, OSRAM GmbH, Dialight, Digital Lumens, Inc., General Electric Company, Toshiba Lighting & Technology Corporation, Bajaj Electricals Ltd., LIGMAN Lighting Co., Ltd., Zumtobel Group AG, Cree, Inc., and Philips Lighting Holding B.V.


Related Reports

Oil and Gas Fittings Market: by Type (Portable Generator and Stationary Generator), By Power Output (Less than 1.0 KW, 1.0 to 3.0 KW, 3.0 to 5.0 KW, and More than 5.0 KW), By Power Output (Standby Backup Power and Continuous Power) and by End-Use (Commercial, Residential, Industrial, Agricultural, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 - 2026

Dec-2019 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-5163 | Report Format:

The global oil and gas fitting market valued US$ 1.06 Billion in 2018 and is expected to be valued at US$1.32 Billion in 2026 at a CAGR of 2.8%. The report covers forecast and analysis for the oil and gas fittings market on a global and regional level. The research report presents a comprehensive ...Read More

Conductive Fibers Market: by Reinforced Material by Type (Copper, Carbon, Nickel, Lead, Silver, and Others), by Application (Non-Woven Fabric, Woven Fabric, and Knitted Fabric), Base Material Type (Cotton, Nylon, Polyester, Wool, Polyamide, and Others) and by End-Use (Military & Defense, Aerospace & Aviation, Sports & Fitness, Consumer Electronics, Protection & Safety, Fashion & Entertainment, Transportation, Architecture, and Industrial Belts): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 - 2026

Oct-2019 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-4937 | Report Format:

The forecast and analysis for the conductive fibers market on a global and regional level are covered in this report. The study offers a widespread valuation of the market, competition, evolving trends, opportunities, and industry-validated market numbers. The report provides significant data of 2...Read More

Electroplating Market: by Metal Type (Gold, Nickel, Copper, Silver, Chromium, Zinc, and Others), by End-Use Industry (Automotive, Electrical & Electronics, Aerospace & Defense, Jewelry, Machinery Parts & Components, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 - 2026

Oct-2019 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-4936 | Report Format:

The report electroplating market covers forecast and analysis on a global and regional level. The research report offers a huge estimation of the market, opportunities, competition, emerging trends, and industry-validated market numbers. The report provides remarkable data of 2016, 2017, 2018 alo...Read More

Green Mining Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2025

Price : $ 3999.00 | Report Code: ZMR-4817 | Report Format:

Global Green Mining Market: Overview The goal of green mining is to reduce social influences and adverse environmental effects in every stage of mining operations along with attempting to maximize local and social benefits. The expansion of the middle-class population in the emerging economies a...Read More

Ozone Meter Market by Application (Drinking Water Industry, Sewage & Industrial Process Water, Cosmetics Industry, Pharmaceutical Industry, Food Manufacturing Industry, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 - 2026

Sep-2019 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-4737 | Report Format:

The report covers forecast and analysis for the ozone meter market on a global and regional level. The research report presents a comprehensive valuation of the market and contains thoughtful facts, insights, historical data, statistically backed and industry-validated market figures. It also cont...Read More

Request Brochure
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.