About Energy Efficient Lighting Technology
Energy-efficient lighting is referred to as the situation when energy usage of a product is reduced without affecting its output and final response and user comfort levels. Energy-efficient product consume less energy to perform same function when compared to the same product with more energy consumption. Energy-efficient lighting saves electricity while maintaining good quality & quantity of the light.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market analysis entails a section solely dedicated for major players in the Energy Efficient Lighting Technology Market wherein our analysts provide an insight to the financial statements of all the major players along with its key developments product benchmarking and SWOT analysis. These major players, with a prominent share in the market, are focusing on expanding their customer base across foreign countries. These companies are leveraging strategic collaborative initiatives to increase their market share and increase their profitability. However, with technological advancements and product innovations, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Energy Efficient Lighting Technology 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.
Bajaj Electricals Ltd (India), Bridgelux, Inc. (United States), Cree, Inc. (United States), Digital Lumens, Inc. (United States), LIGMAN Lighting Co., Ltd. (Bangkok), Eaton Corporation (Ireland), General Electric Co. (United States), LED Roadway Lighting Ltd. (Canada), Nichia Corporation (Japan) and OSRAM Licht Group (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Philips Lighting Holding B.V (Netherlands), Toshiba Lighting & Technology Corporation (Japan), Zumtobel Group AG. (Austria), GE Lighting (United States) and Cooper Lighting (United States).
Segmentation Overview
AMA Research has segmented the market of Global Energy Efficient Lighting Technology market by Type (Incandescent Lamp (Halogen Lamps,Others), Light-Emitting Diode, Arc Lamp (Xenon Arc Lamp, Mercury Xenon Arc Lamp, Ultra-High-Performance Lamps,Metal Halide Lamp) and Gas Discharge Lamps (Compact Fluorescent Lamp, Linear Fluorescent Lamps, Mercury Vapor Lamp, Neon Lamp, Sodium Vapor Lamp, Electrode less Lamp)), Application (Commercial, Residential, Industrial and Other) and Region.
On the basis of geography, the market of Energy Efficient Lighting Technology 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 Correlated color temperature, the sub-segment i.e. 2700K-3000K will boost the Energy Efficient Lighting Technology market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The growing sales of electronic ballasts
Market Growth Drivers:
Increasing government initiatives towards adoption of energy efficient solutions coupled with green building initiatives, Increasing awareness among consumers regarding energy efficient products and devices and Increasing adoption of energy efficient lighting technology by various enterprises
Challenges:
Huge environmental damage due to climate change
Restraints:
High initial and implementation cost
Opportunities:
Technological advancements towards product development, Product offering and Growing policy push toward lowering the carbon footprint
Market Leaders and their expansionary development strategies
In November 2022, Midstream Lighting, a LED lighting technology company, announced the completion of its acquisition of Hyperion Grow Lights. Midstream has retain the Hyperion brand as its horticulture offering under the leadership of Jonathan Barton, former Hyperion managing director.
In June 2021, Syska launched their new LED lightings brand T5 LED Batten in India that are equipped with 440V over voltage protection.
Key Target Audience
Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End Use Industry, New Entrants/Investors, Analysts and Strategic Business Planners 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.