Fluorescent Lighting Market Size, Demand and Future Outlook: Industry Trends and Forecast to 2029


Fluorescent lighting has gained immense popularity owing to its low heating features and high illuminating capabilities. These lights are being widely deployed in both residential and commercial use due to the UV light-emitting advantage of the light. Various sizes and shapes of this light

.

The Fluorescent lighting market research report includes a thorough analysis of the market drivers, restraints, threats, and opportunities while it also addresses the lucrative investment options for the market players in the coming years. A team involved in creating this market report has kept certain things into focus that include the minds of target markets, feelings, preferences, attitudes, convictions and value systems. The market size, revenue generated from the sales and technologies by various application segments are also evaluated in the reliable fluorescent lighting market report. Estimates at a global as well as regional level are offered by the analysts.

The large scale fluorescent lighting market report compiles comprehensive intelligence studies that explore almost every aspect of the global market. With a formalized and managerial approach, it has been assured that all the above mentioned factors are understood well and explored neatly in the report. The data and information is extensively researched and analyzed in the report to guide market players to improve their business planning and ensure long-term success. The world class fluorescent lighting market report also endows with the complete overview of the market that deals with the various aspects such as product definition, market segmentation, and the prevailing vendor landscape.

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

 

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.

Get a Sample Research Report @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-fluorescent-lighting-market 

Key Growth 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.

The report emphasizes the participation of key entities, notably:

  • 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)
  • Ideal Industries, Inc (US)
  • Reggiani Spa Illuminazione (Italy)
  • Sylvania (US)
  • TRILUX Lighting Ltd (India)
  • OLIGO Lichttechnik GmbH (Germany)

Report Objective:

  • Investigate the fluorescent lighting market, focusing on strategic movements like collaborations, agreements, mergers, and product launches.
  • Explore market diversification avenues such as new products, unexplored regions, recent advancements, and investments in fluorescent lighting market.
  • Streamline initial research efforts by identifying fluorescent lighting market growth, size, key players, and segments, saving valuable time.
  • Highlight pivotal industry trends in the fluorescent lighting market to empower players in devising effective, sustainable strategies.
  • Analyze micro markets for their individual growth trajectories, potential, and contributions to the overall market.
  • Shape or refine business expansion strategies leveraging growth opportunities in both established and emerging markets.

Gain Additional Insight from This Premium Research Report @ https://www.databridgemarketresearch.com/reports/global-fluorescent-lighting-market 

Key Market Segmentation

Type (Compact Fluorescent Lamp, Linear Fluorescent Lamp, Cold Cathode Fluorescent Lamp), Installation (Retrofit, New Installation), Application (General Lighting, Commercial Lighting, Residential Lighting, Industrial Lighting, Outdoor Lighting, Medical Lighting, Surgical and Treatment Lighting, General/Mounted Lighting, Others)

Browse More Reports:

https://www.databridgemarketresearch.com/reports/global-thermistor-market 

https://www.databridgemarketresearch.com/reports/global-automotive-testing-inspection-and-certification-tic-market 

https://www.databridgemarketresearch.com/reports/global-computer-vision-ai-artificial-intelligence-camera-market 

https://www.databridgemarketresearch.com/reports/global-led-digital-signage-market 

https://www.databridgemarketresearch.com/reports/global-wearable-soft-robotics-market 

About Data Bridge Market Research, Private Ltd

Data Bridge Market Research operates as a multinational management-consulting firm, boasting offices situated in both India and Canada. Renowned for our innovative and cutting-edge market analysis methodologies, we pride ourselves on our unparalleled durability and forward-thinking approaches. Our commitment lies in unravelling optimal consumer prospects and nurturing invaluable insights to empower your company's success within the market.

With a team comprising over 500 analysts specializing in various industries, we have been instrumental in serving over 40% of Fortune 500 companies on a global scale. Our extensive network boasts a clientele exceeding 5000+, spanning across the globe. At Data Bridge Market Research, our goal remains steadfast: to provide comprehensive market intelligence and strategic guidance to propel your business toward success.

Contact Us

US: +1 888 387 2818
UK: +44 208 089 1725
Hong Kong: +852 8192 7475


Email – corporatesales@databridgemarketresearch.com

Comments