Market Overview:
The global energy efficient lighting market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing awareness about energy conservation and rising demand for LED lights across the globe. Based on type, the global energy efficient lighting market is segmented into high-intensity discharge lamps (HID), linear fluorescent lamps (LFL), and light emitting diodes (LED). The LED segment is expected to grow at a CAGR of 9.8% from 2018 to 2030, owing to its low power consumption and long life span as compared to other types of lights. Based on application, the global energy efficient lighting market is segmented into commercial, residential, government, and industrial applications.
Product Definition:
Energy efficient lighting is a type of light that uses less energy than traditional incandescent or fluorescent lighting. It can include LED lights, CFLs, and halogen bulbs.
High-Intensity Discharge Lamps (HID):
High-Intensity Discharge (HID) lamps are used in energy-efficient lighting systems. They produce light by the means of an electric arc, which is produced between a glass globe and a metal reflector. The light produced is concentrated into a beam, which has high intensity compared to conventional incandescent lamps. HID lights use less power than conventional lighting sources; however, they are more expensive due to their complex technology and require skilled professionals for installation & maintenance operations.
Linear Fluorescent Lamps (LFL):
The global market for linear fluorescent lamps (LFL) is expected to witness significant growth over the forecast period owing to increasing demand from end-use industries such as commercial, industrial and residential sectors. The energy efficient lighting industry has witnessed a rapid increase in recent years due to rising awareness among consumers regarding environmental protection coupled with stringent government regulations aimed at reducing greenhouse gas emissions.
Application Insights:
The commercial segment accounted for the largest revenue share of over 60% in 2017. The growth can be attributed to the increasing adoption of energy efficient lighting products in various applications including offices, retail stores, hospitals and clinics, educational buildings and museums. Government initiatives such as LightSavers program by The Climate Group are also encouraging industry players to adopt energy efficient lighting solutions across their operations.
Residential application is expected to grow at a CAGR of XX% from 2018 to 2030 owing to rising awareness about cost-effectiveness along with growing concerns regarding high electricity bills and carbon footprint. Moreover, residential application includes streetlights which add up significantly towards total global energy consumption making it an important segment overall. Governments are taking numerous initiatives such as LED streetlight program by LumaSense Technologies that aim at replacing old-fashioned lamps with LEDs thereby driving demand for efficiency lightingshields in residential applications globally over the forecast period (see figure below).
Regional Analysis:
Asia Pacific region accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing government initiatives, rising disposable income, and growing demand for energy-efficient lighting products. Moreover, increasing investments in infrastructure development coupled with rapid urbanization has led to a rise in commercial construction activities which will further drive the regional market growth.
The Asia Pacific was followed by Europe that accounted for more than 25% of global revenue share in 2017 owing to high adoption rates of advanced technologies such as LEDs across countries such as Germany and France. Furthermore, stringent regulations imposed on energy consumption by regulatory bodies are anticipated to boost product demand over the forecast period.
Growth Factors:
- Increasing demand for energy efficient lighting products from commercial and residential sectors
- Government initiatives and regulations for promoting energy efficiency in lighting
- Rising awareness about the benefits of using energy efficient lighting products
- Technological advancements in LED technology that are making these products more affordable and efficient
- Growing demand for smart, connected lighting systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Energy Efficient Lighting Market Research Report
By Type
High-Intensity Discharge Lamps (HID), Linear Fluorescent Lamps (LFL), Light Emitting Diodes (LED)
By Application
Commercial, Residential, Government, Industrial
By Companies
Bajaj Electricals, Bridgelux, ABB (Cooper Industries), Cree, Digital Lumens, Eaton, GE Lighting, LIGMAN, Nichia, Osram, Bajaj Electricals, Toshiba Lighting & Technology, Zumtobel Group, Seoul Semiconductor, AIXTRON
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
129
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Energy Efficient Lighting Market Report Segments:
The global Energy Efficient Lighting market is segmented on the basis of:
Types
High-Intensity Discharge Lamps (HID), Linear Fluorescent Lamps (LFL), Light Emitting Diodes (LED)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial, Residential, Government, Industrial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bajaj Electricals
- Bridgelux
- ABB (Cooper Industries)
- Cree
- Digital Lumens
- Eaton
- GE Lighting
- LIGMAN
- Nichia
- Osram
- Bajaj Electricals
- Toshiba Lighting & Technology
- Zumtobel Group
- Seoul Semiconductor
- AIXTRON
Highlights of The Energy Efficient Lighting Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- High-Intensity Discharge Lamps (HID)
- Linear Fluorescent Lamps (LFL)
- Light Emitting Diodes (LED)
- By Application:
- Commercial
- Residential
- Government
- Industrial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Energy Efficient Lighting Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Energy efficient lighting is a type of lighting that uses less energy than traditional light sources. This can help save money on your electric bill and reduce the amount of greenhouse gas emissions produced by your home.
Some of the major companies in the energy efficient lighting market are Bajaj Electricals, Bridgelux, ABB (Cooper Industries), Cree, Digital Lumens, Eaton, GE Lighting, LIGMAN, Nichia, Osram, Bajaj Electricals, Toshiba Lighting & Technology, Zumtobel Group, Seoul Semiconductor, AIXTRON.
The energy efficient lighting market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Energy Efficient Lighting Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Energy Efficient Lighting Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Energy Efficient Lighting Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Energy Efficient Lighting Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Energy Efficient Lighting Market Size & Forecast, 2020-2028
4.5.1 Energy Efficient Lighting Market Size and Y-o-Y Growth
4.5.2 Energy Efficient Lighting Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 High-Intensity Discharge Lamps (HID)
5.2.2 Linear Fluorescent Lamps (LFL)
5.2.3 Light Emitting Diodes (LED)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Residential
6.2.3 Government
6.2.4 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Energy Efficient Lighting Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Energy Efficient Lighting Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 High-Intensity Discharge Lamps (HID)
9.6.2 Linear Fluorescent Lamps (LFL)
9.6.3 Light Emitting Diodes (LED)
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Residential
9.10.3 Government
9.10.4 Industrial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 High-Intensity Discharge Lamps (HID)
10.6.2 Linear Fluorescent Lamps (LFL)
10.6.3 Light Emitting Diodes (LED)
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Residential
10.10.3 Government
10.10.4 Industrial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 High-Intensity Discharge Lamps (HID)
11.6.2 Linear Fluorescent Lamps (LFL)
11.6.3 Light Emitting Diodes (LED)
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Residential
11.10.3 Government
11.10.4 Industrial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 High-Intensity Discharge Lamps (HID)
12.6.2 Linear Fluorescent Lamps (LFL)
12.6.3 Light Emitting Diodes (LED)
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Residential
12.10.3 Government
12.10.4 Industrial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 High-Intensity Discharge Lamps (HID)
13.6.2 Linear Fluorescent Lamps (LFL)
13.6.3 Light Emitting Diodes (LED)
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Residential
13.10.3 Government
13.10.4 Industrial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Energy Efficient Lighting Market: Competitive Dashboard
14.2 Global Energy Efficient Lighting Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bajaj Electricals
14.3.2 Bridgelux
14.3.3 ABB (Cooper Industries)
14.3.4 Cree
14.3.5 Digital Lumens
14.3.6 Eaton
14.3.7 GE Lighting
14.3.8 LIGMAN
14.3.9 Nichia
14.3.10 Osram
14.3.11 Bajaj Electricals
14.3.12 Toshiba Lighting & Technology
14.3.13 Zumtobel Group
14.3.14 Seoul Semiconductor
14.3.15 AIXTRON
