Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 8.66 Billion | USD 21.77 Billion | 9.66% | 2024 |
FrequentlyAsked Questions
Fluorescent lights are a particular kind of gas-charged luminaire that emits light through a chemical reaction involving gases and mercury vapor that occurs inside a glass tube to create UV light. A phosphor coating within the glass tube is illuminated by UV radiation, producing a white "fluorescent" light.
The global fluorescent lighting market is expected to grow due to Legacy applications in commercial and industrial spaces continue to support demand. However, the shift toward energy-efficient LED alternatives is limiting growth.
According to a study, the global fluorescent lighting market size was worth around USD 8.66 Billion in 2024 and is expected to reach USD 21.77 Billion by 2034.
The global fluorescent lighting market is expected to grow at a CAGR of 9.66% during the forecast period.
The global fluorescent lighting market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market due to the utilization of these products in industrial settings.
Leading players in the global fluorescent lighting market include Signify Holding, Fagerhult Group, OSRAM GmbH, Zumtobel Group AG, LEDVANCE GmbH, Altman Lighting, Astute Lighting Ltd, Bamford Lighting, Dextra Group, Enarlux, Halla, a.s, Hubbell incorporated, Ideal Industries Inc, Reggiani Spa Illuminazione, Sylvania, TRILUX Lighting Ltd, and OLIGO Lichttechnik GmbH among others., among others.
The report explores crucial aspects of the fluorescent lighting market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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