The Fluorescent lighting market research report includes a thorough analysis of the market drivers, restraints, threats, and opportunities while it also addresses the lucrative investment options for the market players in the coming years. A team involved in creating this market report has kept certain things into focus that include the minds of target markets, feelings, preferences, attitudes, convictions and value systems. The market size, revenue generated from the sales and technologies by various application segments are also evaluated in the reliable fluorescent lighting market report. Estimates at a global as well as regional level are offered by the analysts.
The large scale fluorescent lighting market report compiles comprehensive intelligence studies that explore almost every aspect of the global market. With a formalized and managerial approach, it has been assured that all the above mentioned factors are understood well and explored neatly in the report. The data and information is extensively researched and analyzed in the report to guide market players to improve their business planning and ensure long-term success. The world class fluorescent lighting market report also endows with the complete overview of the market that deals with the various aspects such as product definition, market segmentation, and the prevailing vendor landscape.
Fluorescent Lighting Market was valued at USD 6.40 billion in 2021 and is expected to reach USD 14.66 billion by 2029, registering a CAGR of 10.91% during the forecast period of 2022-2029
Definition
Fluorescent lighting is a type of illuminating device that utilizes a set of chemical reaction enclosed inside a glass structure. This reaction can be described as a reaction between gas and mercury vapor, which ultimately results in emitting a UV light. This lighting is responsible for illuminating the phosphor powder that is present inside the glass structure which ultimately causes the fluorescent light effect.
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Key Growth Drivers:
Energy Efficiency and Low Carbon Emissions
The growing need for energy-saving and low-carbon-emission-oriented solutions propels the global fluorescent lighting market. Energy efficiency is an important aspect of a country's economic development. There has been a growing demand to reduce energy usage and carbon emissions as a result of rising global warming and regulatory regulations.
Increase in Number of Smart Cities
The increase in demand for LED Lighting encouraged by the modernization and development of infrastructure such as smart cities accelerate the market growth. Also, penetration of LEDs as a light source in general lighting has a positive impact on the market.
High Popularity of LED
The increase in popularity of LEDs among population as they are reliable, efficient, and offer a longer life span further influence the market. These lights are known to be cost-effective compared to incandescent lights.
Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the fluorescent lighting market.
The report emphasizes the participation of key entities, notably:
- Signify Holding (Netherlands)
- Fagerhult Group (Sweden)
- OSRAM GmbH (Germany)
- Zumtobel Group AG (Austria)
- LEDVANCE GmbH (Germany)
- Altman Lighting (US)
- Astute Lighting Ltd (UK)
- Bamford Lighting (UK)
- Dextra Group (UK)
- Enarlux (Spain)
- Halla, a.s (Czechia)
- Hubbell incorporated (US)
- Ideal Industries, Inc (US)
- Reggiani Spa Illuminazione (Italy)
- Sylvania (US)
- TRILUX Lighting Ltd (India)
- OLIGO Lichttechnik GmbH (Germany)
Report Objective:
- Investigate the fluorescent lighting market, focusing on strategic movements like collaborations, agreements, mergers, and product launches.
- Explore market diversification avenues such as new products, unexplored regions, recent advancements, and investments in fluorescent lighting market.
- Streamline initial research efforts by identifying fluorescent lighting market growth, size, key players, and segments, saving valuable time.
- Highlight pivotal industry trends in the fluorescent lighting market to empower players in devising effective, sustainable strategies.
- Analyze micro markets for their individual growth trajectories, potential, and contributions to the overall market.
- Shape or refine business expansion strategies leveraging growth opportunities in both established and emerging markets.
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Key Market Segmentation
Type (Compact Fluorescent Lamp, Linear Fluorescent Lamp, Cold Cathode Fluorescent Lamp), Installation (Retrofit, New Installation), Application (General Lighting, Commercial Lighting, Residential Lighting, Industrial Lighting, Outdoor Lighting, Medical Lighting, Surgical and Treatment Lighting, General/Mounted Lighting, Others)
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