Energy Efficient Lighting Market Overview And Competition Analysis By 2030

Published: 2024-07-16
Views: 70
Author: Pujammr
Published in: Business

Energy Efficient Lighting Market Growth or Demand Increase or Decrease for what contains ?

Following a decline in business activity in 2020, the energy used for lighting and the resulting emissions increased in 2021. Despite the fact that the amount of lighting used in buildings is increasing, with improved efficiency, lighting consumption is expected to decrease. Both the use of light-emitting diodes (LEDs) & advancements in lighting efficiency were accomplished in 2021. While many countries began phasing out incandescent bulbs over a decade ago, several are now beginning to do the same with fluorescent lighting, with the goal of making LEDs the dominant lighting technology. LED technology is used in more than 50% of the worldwide lighting market.

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Energy Efficient Lighting Market CAGR Estimation:

The Energy Efficient Lighting Market was valued at US$ 53.98 billion in 2023 and is expected to grow at a CAGR of 8.1% from 2024 to 2030, reaching nearly US$ 93.12 billion.

Energy Efficient Lighting Market Overview:

The Maximise Market Research research gives clients a thorough overview of the competitive landscape and serves as a valuable resource for strategic planning. The thorough Energy Efficient Lighting Market overview contains detailed information on market size, trade statistics, key players, and a variety of industry indicators such as the life cycle and current trends.

Energy Efficient Lighting Market Segmentation:

By Lighting Source:

1. High-intensity Discharge Lamps (HID)
2. Linear Fluorescent Lamps (LFL)
3. Light Emitting Diodes (LED)
4. Others

According to sources, the light emitting diodes (LED) sector will have the largest market share in 2023, accounting for more than two-fifths of the total energy efficient lighting market, and is likely to maintain its lead position throughout the forecast period. Furthermore, this segment is predicted to have the highest CAGR of x% from 2024 to 2030. This is due to cost reductions in LED lights, increased use in display backlighting, and LED lamps' remarkable efficacy.

By Application:

1. Home
2. Commercial
3. Industrial

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Energy Efficient Lighting Market Growth or Demand in which regions??

• North America:

  • Accounted for more than one-third of the global market in 2023.
  • Dominated by the development of intelligent, energy-efficient lighting solutions.
  • Significant presence of major electrical enterprises.
  • Expected to maintain strong growth due to stringent energy efficiency regulations and major industrial applications.

• Europe:

  • Expected to exhibit the highest CAGR during the forecast period.
  • Strong energy efficiency regulations and significant power consumption in various applications.
  • Major manufacturers and stringent energy policies drive market growth.

• Asia Pacific:

  • Emerged as the second leading region in 2023.
  • Key contributors include Japan, China, and South Korea.
  • Significant investments in modern lighting technologies and rapid industrial growth.
  • Growing demand for green technologies expected to boost market growth.

Energy Efficient Lighting Market Scope Methodology:

The Energy Efficient Lighting market is competitive in terms of technical adoption, financial strength, portfolio, mergers and acquisitions, joint ventures, and strategic alliances. A comprehensive analysis of the Energy Efficient Lighting Market’s drivers, limitations, opportunities, and problems. The Energy Efficient Lighting market estimates and growth rates were obtained using a bottom-up methodology.

To obtain insight into Energy Efficient Lighting Market penetration, pricing dynamics, demand analysis, and competitive landscape, the study did regional analysis at the local, regional, and worldwide levels. Essential information about the Energy Efficient Lighting Market, including players, investors, and new entrants, is provided to help with the creation of marketing strategies and investment plans.

The Energy Efficient Lighting Market was investigated using both primary and secondary data collection techniques. Primary methods included surveys, questionnaires, and interviews with industry executives and business owners, while secondary data sources included news announcements, annual and financial reports, white papers, and so on. The SWOT analysis was used to identify market vulnerabilities and weaknesses, and the PORTER framework was used to assess industry competitiveness in the energy-efficient lighting market.

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Energy Efficient Lighting Market Key Players:

1. Dialight
2. LIGMAN Lighting Co., Ltd.
3. Philips Lighting Holding B.V.
4. Digital Lumens, Inc.
5. OSRAM GmbH
6. Eaton
7. General Electric Company
8. Toshiba Lighting & Technology Corporation
9. Bajaj Electricals Ltd.
10.Acuity Brands
11.Cooper Lighting
12.The Lighting Quotient
13.ABB
14.Eaton
15.Advanced Lighting Technologies Australia Inc.
16.Schneider Electric
17.Bridgelux.

For more insights and a detailed analysis, read the full report: https://www.maximizemarketresearch.com/market-report/global-energy-efficient-lighting-market/33568/ 

Key questions answered in the Energy Efficient Lighting Market are:

• What is Energy Efficient Lighting Market?
• What is the growth rate of the Energy Efficient Lighting Market?
• Which are the factors expected to drive the Energy Efficient Lighting Market growth?
• What are the different segments of the Energy Efficient Lighting Market?
• What are the factors restraining the growth of the Energy Efficient Lighting Market?
• What is the demand pattern of the Energy Efficient Lighting Market?
• What major challenges could the Energy Efficient Lighting Market face in the future? 

Key Offerings:

• Past Market Size and Competitive Landscape
• Past Pricing and price curve by region
• Market Size, Share, Size Forecast by different segment |
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region 
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective 

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