Market Snapshot:
A compact fluorescent lamp (CFL), also called compact fluorescent light, energy-saving light. CFL balanced the emitted light color, energy efficiency, and cost. The lamps use a tube which is curved or folded to fit into the space of an incandescent bulb, and a compact electronic ballast in the base of the lamp. Due to energy efficiency, the government takes initiative to use of these lamps.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Philips Lighting (Switzerland), Osram (Germany), General Electric (United States), Facom (France), Schneider Electric (France), Narva (United States), Sylvania (United States), RS Pro (India) and Megaman (Hong Kong) |
Segment Analysis
AMA Research have segmented the market of Global Compact Fluorescent Lamp market by Type, Application and Region.
On the basis of geography, the market of Compact Fluorescent Lamp 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).
region held largest market share in the year 2022.
Market Trend
High Consumption of Energy Efficient Lamps
Market Drivers
Increasing Population Worldwide and Increasing Disposable Income in both Developing and Underdeveloped Countries
Opportunities
Government Support for Energy Efficiency Lamps and Product Innovation and Differentiation along with Energy Efficiency
Restraints
- Higher Purchase Price than Substitute Product
In addition to the aforementioned factor, Increasing Population Worldwide
is expected to propel the growth of the market over the forecast period.
Competitive Landscape
Compact Fluorescent Lamp market is Fragmented. The market report lists the major players involved in the Compact Fluorescent Lamp Market under the competitive landscape and company profile chapters.
The key Vendors profiled in the study are Philips Lighting (Switzerland), Osram (Germany), General Electric (United States), Facom (France), Schneider Electric (France), Narva (United States), Sylvania (United States), RS Pro (India) and Megaman (Hong Kong). A lot of United States players are profiled in the research study indicating a strong market dependence.