Press release
Energy Efficient Lighting Market: The global market is expected to grow at a CAGR of 8.4% during the forecasted period.
The energy-efficient lighting market has experienced significant growth due to increased awareness of energy conservation, advancements in technology, and supportive government policies. Businesses and consumers alike are recognizing the benefits of adopting energy-efficient lighting solutions, not only in terms of cost savings but also in contributing to a more sustainable and eco-friendly future.
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Key Highlights:
• The global Energy Efficient Lighting Market size was valued at USD 47.2 billion in 2022 growing at a CAGR of 8.4% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has just unveiled its latest market research report focusing on the Global Energy Efficient Lighting Market. This comprehensive report delves into various facets of the market, including market size and projections, market dynamics, competitor market share analysis, market value and volume, SWOT analysis, product comparisons, recent advancements by major players, and prospective opportunities. Furthermore, the market's evaluation in the dynamic chapter considers four key indicators: Drivers, Constraints, Emerging Trends, and Challenges..
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Key Players
Some of the major Energy Efficient Lighting Market players holding high market shares include Cree, GE Lighting, Hubbell Lighting and Nichia. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
• Acuity Brands
• Cooper Lighting
• Cree
• GE Lighting
• Hubbell Lighting
• Nichia
• OSRAM
• Philips Lighting
• Soraa
Segmental Analysis
Market Segment By Source
• High-Intensity Discharge Lamps (HID)
• Linear Fluorescent Lamps (LFL)
• Light Emitting Diodes (LED)
• Others
Market Segment By Application
• Home
• Commercial
• Industrial
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Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
Reasons to Buy this Report:
• Comprehensive insights.
• Reliable and accurate data.
• Market size and dataforecast
• Competitive analysis.
• Identification of market opportunities.
• Risk identification and mitigation strategies.
• SWOT analysis.
• TAM Analysis
• Recent industry developments.
• Customization options.
• Expertise and guidance for strategic decision-making
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About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from Fortune's global 2000 companies.
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