Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 7.2 Billion | USD 14.8 Billion | 9.5% | 2022 |
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 market for fluorescent lights is anticipated to be driven during the projected period by increased acceptance of lighting goods with extended shelf life and expanding demand for environmentally friendly lighting technologies.
According to the report, the global fluorescent lighting market size was worth around USD 7.2 billion in 2022 and is predicted to grow to around USD 14.8 billion by 2030.
The global fluorescent lighting market is expected to grow at a CAGR of 9.5% 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.
The global fluorescent lighting market is dominated by players like 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.
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