Energy Efficient Lighting Market Size, Share Report, Analysis, Trends, Growth 2030

Table Of Content

Methodology

Free 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. 

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.