"Fluorescent Lighting Market research report considers the important parameters namely market analysis, market definition, market segmentation, key market trends, competitive analysis and research methodologies. For detailed market reports, you can request an analyst meeting or submit an inquiry at any time. This report provides an estimate of Compound Annual Growth Rate (CAGR) % for the forecast period and helps clients to make decisions based on future graphs. The Premium Fluorescent Lighting Market report provides the CAGR value changes during the forecast period 2023-2030 of the market.
Authoritative Fluorescent Lighting Market Report is a helpful resource providing current and upcoming technical and financial details of the industry to 2030. Industry reports are primarily distributed to users in PDF or spreadsheet format. However, PPT format can also be specified upon request. Moreover, statistical and numerical data such as facts and figures are very well presented in the report through charts, tables, or graphs. You can rest assured that the information in the trusted Fluorescent Lighting Market Report comes from only valuable and authentic resources.
Global 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. Commercial Lighting is expected to witness significant growth in the application segment of the market owing to the rapid industrialization. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Market 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.
Explore Further Details about This Research Fluorescent Lighting Market Report https://www.databridgemarketresearch.com/reports/global-fluorescent-lighting-market
Fluorescent Lighting Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
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.
Opportunities
Furthermore, increase in research and development activities, and emergence of industry 5.0 extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, high adoption rate of fluorescent lights are higher due to their long life will further expand the market.
Some of the major players operating in fluorescent lighting market are
- 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)
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Fluorescent Lighting 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
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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