Fluorescent lighting offers versatile applications, features, and uses. It is commonly used in commercial, residential, and industrial settings, providing bright and efficient illumination. Its energy efficiency and long lifespan make it an economical lighting solution. Fluorescent lighting is available in various sizes and color temperatures, allowing customization to suit different environments. It is used in offices, schools, hospitals, retail spaces, and more. With advancements in technology, features like dim ability, instant start, and improved color rendering have enhanced the versatility and attractiveness of fluorescent lighting for a wide range of lighting needs.
According to Data Bridge Market Research, the Global Fluorescent Lighting Market accounted for USD 6.40 billion in 2021 and is expected to reach USD 14.66 billion by 2029. The market is expected to grow with a CAGR of 10.91% in the forecast period of 2022 to 2029.
“Energy efficiency and low carbon emissions boost the market’s growth”
The fluorescent market is experiencing significant growth due to the focus on energy efficiency and low carbon emissions. Fluorescent lighting solutions offer higher energy efficiency than traditional incandescent bulbs, reducing energy consumption and cost savings. Additionally, fluorescent lights produce lower carbon emissions, making them environmentally friendly. With the growing emphasis on sustainability and environmental regulations, the demand for energy-efficient and low-emission lighting options has increased, driving the growth of the fluorescent market.
What restraints the growth of the global fluorescent lighting market?
“Concerns regarding toxic materials restraints the market’s growth”
Concerns regarding toxic materials restrain the growth of the fluorescent lighting market. Fluorescent lights contain small amounts of mercury, which poses environmental and health risks if not handled or disposed of properly. These concerns have led to increased scrutiny and regulations surrounding the use and disposal of fluorescent lights. Additionally, the availability of alternative lighting technologies with lower or no toxic materials, such as LED lighting, has affected the demand for fluorescent lights. Addressing these concerns requires improved recycling programs, proper disposal methods, and the development of eco-friendly fluorescent lighting options.
Segmentation: Global Fluorescent Lighting Market
The fluorescent lighting market is segmented on the basis of type, installation, and application.
- On the basis of type, the fluorescent lighting market has been segmented into compact fluorescent lamp, linear fluorescent lamp, and cold cathode fluorescent lamp.
- On the basis of installation, the fluorescent lighting market has been segmented into retrofit, and new installation.
- On the basis of application, the fluorescent lighting market has been segmented into general lighting, commercial lighting, residential lighting, industrial lighting outdoor lighting, medical lighting, surgical and treatment lighting, general/mounted lighting, and others.
Regional Insights: North America dominates the global fluorescent lighting market
North America dominates the fluorescent lighting market due to the significant presence of key manufacturing companies and the increasing demand for fluorescent lamps in outdoor applications. This includes their use in pedestrian tunnels and outdoor parking systems. The region benefits from the strong presence of manufacturers, ensuring a steady supply of fluorescent lighting products. The growing demand for these lamps in outdoor settings further fuels market growth, as they provide efficient and reliable lighting solutions for these applications.
Asia-Pacific (APAC) is expected to witness significant growth from 2022 to 2029 due to rapid industrialization. As industries expand and infrastructure develops, there is a greater need for efficient and cost-effective lighting solutions, leading to increased demand for fluorescent lamps to meet the lighting requirements in various industrial and commercial settings.
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The Prominent Key Players Operating in the Global Fluorescent Lighting Market Include:
- Signify Holding (Netherlands)
- Fagerhult Group (Sweden)
- OSRAM GmbH (Germany)
- Zumtobel Group AG (Austria)
- LEDVANCE GmbH (Germany)
- Altman Lighting (U.S.)
- Astute Lighting Ltd (U.K.)
- Bamford Lighting (U.K.)
- Dextra Group (U.K.)
- Enarlux (Spain)
- Halla, a.s (Czechia)
- Hubbell Incorporated (U.S.)
- Ideal Industries, Inc. (U.S.)
- Reggiani Spa Illuminazione (Italy)
- Sylvania (U.S.)
- TRILUX Lighting Ltd (India)
- OLIGO Lichttechnik GmbH (Germany)
Above are the key players covered in the report, to know about more and exhaustive list of global fluorescent lighting market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Fluorescent Lighting Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
