Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 207.4 Billion | USD 330.9 Billion | 8.1% | 2021 |
FrequentlyAsked Questions
Increasing focus on sustainability, rising investments in energy conservation and strict government mandates to conserve energy are some major trends that guide Energy Efficient Lighting market growth.
According to the Market Research report, the global Energy Efficient Lighting market was worth about US$ 207.4 billion in 2021 and is predicted to grow to around US$ 330.9 billion by 2028, with a compound annual growth rate (CAGR) of around 8.1 percent.
The Europe region is predicted to have the most bright outlook over the forecast period owing to its increasing regulations supporting sustainable alternatives to attain zero carbon footprint.
Some of the main competitors dominating the global Energy Efficient Lighting market include -- ABB (Switzerland), Eaton (Ireland), General Electric (US), Philips (Netherlands), Toshiba Corporation (Japan), Advanced Lighting Technologies Australia Inc. (Australia), Schneider Electric (France), NICHIA CORPORATION (Japan), Digital Lumens, Inc. (US), Bridgelux (US).
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