Market Snapshot:
Fluorescent lighting is a highly versatile type of lighting that most likely encounter at the office, school, or grocery store that depends on a chemical reaction inside of a glass tube to create light. This lighting is energy efficient compared to incandescent and halogen light bulbs, and a lower price compared to LEDs.
Highlights from Fluorescent Lighting Market Study
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 14.3% |
The key Manufacturers profiled in the report are Osram (Germany), General Electric (United States), Panasonic (Japan), Schneider Electric (France), Acuity Brands, Inc. (United States), Advanced Lightning Technology, Ltd. (ALT) (United States), Bridgelux, Inc. (United States), Cree Inc. (United States), Nichia Corporation (Japan), Dialight (United Kingdom) and Eaton Corporation (Ireland). Additionally, other players that are part of this comprehensive study are Emerson Electric Co. (United States), Everlight Electronics (Taiwan) and Toshiba Lighting and Technology (Japan).
Geographic Breakdown and Segment Analysis
The Global Fluorescent Lighting market presents a comprehensive analysis of the Fluorescent Lighting market by product type (Linear Fluorescent Tubes, Fluorescent Bent Tubes, Fluorescent Circline Tubes and CFLs (Compact Fluorescent Lamps)), by end-user/application (Residential, Commercial and Industrial), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Fluorescent Lighting industry. Investors and Manufacturers can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Fluorescent Lighting market
Analyst at AMA have segmented the market study of Global Fluorescent Lighting market by Type, Application and Region.
Influencing Trend:
Increasing Use of IoT and Increasing Number of Online Customers
Market Growth Drivers:
High Demand for Environment-Friendly Lighting Technologies and Increased Disposable Income of the People in Developing Regions
Challenges:
Concerns Regarding the Recycling of the Products
Restraints:
High Cost of Fluorescent Lighting
Opportunities:
Rapid Urbanization Around the Globe and Growing Demand from End-users
Market Developments Activities:
On December 15, 2023, The US Department of Energy announced new energy efficiency standards for general service lamps, including LED and compact fluorescent lamps. These standards will take effect in 2025 and are expected to further accelerate the transition away from traditional fluorescent lighting.
In September 2023, GE Lighting introduced a new line of T5 fluorescent lamps with improved lumen maintenance and energy efficiency. These lamps are designed to last longer and generate more light while consuming less energy.
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations.
Key Target Audience
Fluorescent Lighting Manufacturers, Raw Material Suppliers, Distributors, Emerging Economies and End-users