Energy Efficient Lighting Market with Covid-19 Impact Analysis, Share, Size, Leading Players, Industry Growth and Forecast 2029

In 2022, the Energy Efficient Lighting Market dazzled with a valuation of US$ 49.94 billion, a figure that is set to illuminate further at an impressive 8.1% growth rate, projecting a dazzling US$ 86.15 billion by 2029.

Shaping the Lightscape: Market Overview

Fluorescent lights, with their petite size, have long adorned limited-space applications. However, the energy-efficient lighting realm is undergoing a metamorphosis, with plasma lights taking center stage in horticulture. Offering longevity and exceptional efficiency, the market anticipates a radiant future. Yet, the sector of energy-efficient warehouse lighting might experience a gentle deceleration due to high costs and limited efficiency in heat-sensitive applications. Challenges loom in the form of standards' absence and rising testing expenses, casting a shadow on future market growth.

Illuminating Insights: Market Report Scope

Delving into the Energy Efficient Lighting market's nooks, the report's segmentation based on Lighting Source and Region unveils a panorama of growth factors. A bottom-up approach, fueled by secondary and primary research, spotlights key players like Dialight, LIGMAN Lighting Co., Ltd, Philips Lighting Holding B.V., ABB, and Eaton. The report not only showcases global players but also sheds light on local market dynamics, mergers, acquisitions, alliances, and partnerships, painting a comprehensive industry outlook.

Know More About The Report:

https://www.maximizemarketresearch.com/market-report/global-energy-efficient-lighting-market/33568/

Lighting the Path: Market Dynamics

In the wake of the 2020 business decline, 2021 witnessed increased energy use for lighting, emphasizing the need for efficiency. LED technology's ascent is pivotal, with some developed markets phasing out incandescents and fluorescents. LED dominance, however, hinges on sustained progress, aligning with Net Zero Emissions by 2050. Amid rising CO2 emissions, LED adoption and electricity decarbonization emerge as crucial pillars for a sustainable future.

Brilliance in Demand: Market Drivers

The synergy of burgeoning building space, population growth, and decreasing lighting costs propels a surge in demand for lighting. LED sales have surged globally, capturing over 50% of the market in 2021. The efficiency of LEDs continues to soar, with an imperative to reach 140 lumens per watt by 2030 for Net Zero alignment. LEDs, boasting efficacy exceeding 100 lm/W, outshine other alternatives, driving their dominance in the market.

For detailed information regarding our Research Methodology, please request the Free Sample Report:

https://www.maximizemarketresearch.com/request-sample/33568

Energy Efficient Lighting Market Segment Analysis

The efficiency of LEDs has surpassed that of all other commercially viable alternatives. More advancements could be made with the help of sophisticated LED modules (like those built from printed circuit boards with multiple chip packages) or continuing developments in optics. Direct current (DC) grids have the potential to reduce losses during the conversion from alternating current (AC) to DC (since LEDs are DC systems).

by Lighting Source

High-intensity Discharge Lamps (HID)
Linear Fluorescent Lamps (LFL)
Light Emitting Diodes (LED)
Others
According to the source, in 2022, the light emitting diodes (LED) segment held the largest market share, accounting for over 50% of the energy efficient lighting market. This trend is anticipated to continue as the LED segment maintains its leading position throughout the forecast period. Furthermore, from 2022 to 2029, this segment is anticipated to see the highest CAGR of **%.

by Application

Home
Commercial
Industrial

Please connect with our representative, who will ensure you to get a report sample here @ :

https://www.maximizemarketresearch.com/request-sample/33568

Who are 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.

Table of content for the Energy Efficient Lighting Market includes:

Part 01: Executive Summary

Part 02: Scope of the Energy Efficient Lighting Market Report

Part 03: Energy Efficient Lighting Market Landscape

Part 04: Energy Efficient Lighting Market Sizing

Part 05: Energy Efficient Lighting Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

For more Information Click Here @ :

https://www.maximizemarketresearch.com/request-sample/33568

Regional Rays: Market Insights

In 2022, North America illuminated the Energy Efficient Lighting market, contributing over a third of the global revenue. Europe, with stringent regulations and major manufacturers, is projected to exhibit the highest CAGR. Asia Pacific, led by Japan, China, and South Korea, secured the second-highest position, fueled by investments in modern lighting technologies and rapid industrial growth.

Our Top Trending Reports :

Global Mini Excavators Market https://www.maximizemarketresearch.com/market-report/global-mini-excavators-market/20883/

Lecithin and Phospholipids Market https://www.maximizemarketresearch.com/market-report/lecithin-and-phospholipids-market/165068/

Roadside Drug Testing Devices Market https://www.maximizemarketresearch.com/market-report/roadside-drug-testing-devices-market/169768/

Water-Based Resins Market https://www.maximizemarketresearch.com/market-report/global-water-based-resins-market/25008/

Smart Finance Hardware Market https://www.maximizemarketresearch.com/market-report/smart-finance-hardware-market/183575/

Contact Maximize Market Research:

3rd Floor, Navale IT Park, Phase 2

Pune Banglore Highway, Narhe,

Pune, Maharashtra 411041, India

sales@maximizemarketresearch.com

+91 96071 95908, +91 9607365656

About Maximize Market Research:

Maximize Market Research is a swiftly growing enterprise that specializes in market research and corporate advisory services, serving clients globally. With our substantial impact on revenue and unwavering commitment to research excellence, we have positioned ourselves as a trusted partner to a significant portion of Fortune 500 companies. Our comprehensive range of services caters to a diverse array of industries, including but not limited to IT, telecommunications, chemicals, food and beverages, aerospace and defense, healthcare, and beyond.

This release was published on openPR.