About Energy Efficient Lighting
Energy efficient lighting is an energy-saving lighting solution that requires less energy to work along with maintaining the good quality and quantity of lighting. There are halogen incandescent lights, linear fluorescent lamps (LFL), light-emitting diodes (LED), and compact fluorescent lamps (CFL) lighting solutions, these are considered the most effective and efficient lights giving proper illumination with less power consumption. The energy efficient lighting is used widely in residential, commercial, and industrial applications.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Energy Efficient Lighting is a fragmented market due to the presence of less players. The players are focusing on strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Energy Efficient Lighting market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Koninklijke Philips N.V. (Netherlands), Osram Licht AG (Germany), Acuity Brands, Inc. (United States), Cooper Lighting, LLC (Signify) (United States), GE Lighting (Savant Compay) (United States), Cree, Inc. (United States), Nichia Corporation (Japan), Lunera Lighting, Inc. (United States) and Soraa, Inc. (Ecosense) (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Hubbell Lighting, Inc. (Hubbell Incorporated) (United States), Shenzhen Spotlighting (China) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Energy Efficient Lighting market by Type (Light Emitting Diodes (LED), Compact Fluorescent Lamps (CFL), Halogen Incandescent Lights and Linear Fluorescent Lamps (LFL)), Application (Residential, Commercial and Industrial) and Region.
On the basis of geography, the market of Energy Efficient Lighting has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Mounting, the sub-segment i.e. Wall-mounting will boost the Energy Efficient Lighting market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Supermarket will boost the Energy Efficient Lighting market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Consumption of Energy Efficient Light Emitting Diodes (LED) Bulbs and Availability of Energy Efficient Lighting in Various Colors and Patterns
Market Growth Drivers:
Need for Less Energy-Consuming Commercial Lighting Solutions and Growing Demand for Economically Efficient Lighting Solutions
Challenges:
New Entrants in the Market with Counterfeit Low-Quality Lighting Solutions Claiming to be Energy Efficient
Restraints:
Expensive Availability of Energy Efficient Lighting
Opportunities:
Rising E-commerce Availability of Energy Efficient Lighting and Surging Demand for Energy Efficient Lighting from Developing Nations Around the Globe
Market Leaders and their expansionary development strategies
In July 2023, FMI Capital Advisors Inc., a subsidiary of FMI Corporation, announced the merger of Retro-Tech Systems with LRI Energy Solutions ("LRI") under a new holding company Integrated Efficiency Solutions ("IES"), a portfolio company of DFW Capital Partners ("DFW"). FMI Capital Advisors acted as the exclusive financial advisor to RTS for this transaction.
In November 2019, Shenzhen spotlighting is one of the leading global LED light manufacturers and the company has released a variety of LED lights in its energy-saving series in order to provide energy-efficient lighting solutions to customers all over the world. The LED light bulbs are an innovation in technology as compared to the traditional incandescent bulbs.
"The regulation needs to specify the minimum performance levels that will be required. Manufacturers then develop products meeting or exceeding these requirements. Note that the performance requirements could be one level at one point in time, or could be multiple levels, phased in over a longer period of time. The multiple levels approach offers more planning horizon to manufacturers, but a greater degree of regulatory uncertainty when setting the standards as to what level of ambition might be appropriate five to six years into the future."
Key Target Audience
Energy Efficient Lighting Products Manufacturers, Energy Efficient Lighting International Traders, Energy Efficient Lighting Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.