Energy Efficient Lighting Technology Market, By Technology (LED, CFL, Halogen, and Others), By Application, By End User, By Geography

Description

Global energy efficient lighting technology market is estimated to be valued at USD 237.54 Bn in 2024 and is expected to reach USD 403.52 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.9% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 237.54 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	7.90%	2031 Value Projection:	US$ 403.52 Bn

Figure. Energy Efficient Lighting Technology Market Share (%), By Region, 2024

Energy Efficient Lighting Technology Market - IMG1

Global energy efficient lighting technology market growth is driven by environmental regulations regarding energy consumption and emission reduction across various countries worldwide. Various energy efficient lighting technologies such as LED, CFL, induction lamps provide high quality illumination while consuming comparatively lesser energy than traditional incandescent lamps. Rapid urbanization and industrialization has boosted commercial and residential construction activities, thus, boosting demand for efficient lighting systems in buildings and infrastructure. Moreover, growing awareness about sustainability and cost benefits of green technologies among consumers can boost sales of energy saving bulbs and lamps. However, high initial costs as compared to incandescent bulbs can hamper the market growth in the near future.

Market Dynamics:

Global energy efficient lighting technology market growth is driven by various factors such as stringent government regulations regarding energy consumption, increasing number of green building projects, and rising awareness about environmental protection. However, high initial costs of LED and other energy efficient lamps can hamper the market growth. Rapid technological advancements in lighting systems offering smart connectivity and integration with IoT platforms presents new opportunities for market players. Escalating residential and commercial construction activities in emerging nations of Asia Pacific and Middle East can boost demand for energy efficient lighting technology. Availability of low-cost substitutes can also hamper the market growth. Key players could gain a competitive edge by offering innovative, affordable and sustainable lighting solutions.

Key features of the study:

This report provides in-depth analysis of the global energy efficient lighting technology market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global energy efficient lighting technology market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include Bajaj Electricals Ltd, Bridgelux, Inc., Cooper Lighting, Cree, Inc., Digital Lumens, Inc., Eaton Corporation, General Electric Co., LED Roadway Lighting Ltd., LIGMAN Lighting Co., Ltd., Nichia Corporation, OSRAM Licht Group, Philips Lighting Holding B.V., Toshiba Lighting & Technology Corporation, and Zumtobel Group AG

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

Global energy efficient lighting technology market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global energy efficient lighting technology market

Detailed Segmentation-

Technology Insights (Revenue, USD Bn, 2019 - 2031)
- LED (Light Emitting Diode)
- CFL (Compact Fluorescent Lamp)
- Halogen
- Others
Application Insights (Revenue, USD Bn, 2019 - 2031)
- Residential
- Commercial
- Industrial
- Outdoor
- Others
End User Insights (Revenue, USD Bn, 2019 - 2031)
- Households
- Retail
- Hospitality
- Healthcare
- Education
- Others
Regional Insights (Revenue, USD Bn, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
Key Players Insights
- Bajaj Electricals Ltd
- Bridgelux, Inc.
- Cooper Lighting
- Cree, Inc.
- Digital Lumens, Inc.
- Eaton Corporation
- General Electric Co.
- LED Roadway Lighting Ltd.
- LIGMAN Lighting Co., Ltd.
- Nichia Corporation
- OSRAM Licht Group
- Philips Lighting Holding B.V.
- Toshiba Lighting & Technology Corporation
- Zumtobel Group AG

Product Code: CMI7382

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Technology
- Market Snippet, By Application
- Market Snippet, By End User
- Market Snippet, By Region

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New System Launches/Approvals
Impact of COVID-19 Pandemic

4. Global Energy Efficient Lighting Technology Market, By Technology, 2019-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
LED (Light Emitting Diode)
- Introduction
- Market Size and Forecast, 2019-2031, (USD Bn)
CFL (Compact Fluorescent Lamp)
- Introduction
- Market Size and Forecast, 2019-2031, (USD Bn)
Halogen
- Introduction
- Market Size and Forecast, 2019-2031, (USD Bn)
Others
- Introduction
- Market Size and Forecast, 2019-2031, (USD Bn)

5. Global Energy Efficient Lighting Technology Market, By Application, 2019-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Residential
- Introduction
- Market Size and Forecast, 2019-2031, (USD Bn)
Commercial
- Introduction
- Market Size and Forecast, 2019-2031, (USD Bn)
Industrial
- Introduction
- Market Size and Forecast, 2019-2031, (USD Bn)
Outdoor
- Introduction
- Market Size and Forecast, 2019-2031, (USD Bn)
Others
- Introduction
- Market Size and Forecast, 2019-2031, (USD Bn)

6. Global Energy Efficient Lighting Technology Market, By End User, 2019-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
- Segment Trends
Households
- Introduction
- Market Size and Forecast, 2019-2031, (USD Bn)
Retail
- Introduction
- Market Size and Forecast, 2019-2031, (USD Bn)
Hospitality
- Introduction
- Market Size and Forecast, 2019-2031, (USD Bn)
Healthcare
- Introduction
- Market Size and Forecast, 2019-2031, (USD Bn)
Education
- Introduction
- Market Size and Forecast, 2019-2031, (USD Bn)
Others
- Introduction
- Market Size and Forecast, 2019-2031, (USD Bn)

7. Global Energy Efficient Lighting Technology Market, By Region, 2019-2031, (USD Bn)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020-2031
North America
- Regional Trends
- Market Size and Forecast, By Technology, 2019-2031, (USD Bn)
- Market Size and Forecast, By Application, 2019-2031, (USD Bn)
- Market Size and Forecast, By End User, 2019-2031, (USD Bn)
- Market Size and Forecast, By Country, 2019-2031, (USD Bn)
  - U.S.
  - Canada
Europe
- Regional Trends
- Market Size and Forecast, By Technology, 2019-2031, (USD Bn)
- Market Size and Forecast, By Application, 2019-2031, (USD Bn)
- Market Size and Forecast, By End User, 2019-2031, (USD Bn)
- Market Size and Forecast, By Country, 2019-2031, (USD Bn)
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
Asia Pacific
- Regional Trends
- Market Size and Forecast, By Technology, 2019-2031, (USD Bn)
- Market Size and Forecast, By Application, 2019-2031, (USD Bn)
- Market Size and Forecast, By End User, 2019-2031, (USD Bn)
- Market Size and Forecast, By Country, 2019-2031, (USD Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Latin America
- Regional Trends
- Market Size and Forecast, By Technology, 2019-2031, (USD Bn)
- Market Size and Forecast, By Application, 2019-2031, (USD Bn)
- Market Size and Forecast, By End User, 2019-2031, (USD Bn)
- Market Size and Forecast, By Country, 2019-2031, (USD Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Middle East
- Regional Trends
- Market Size and Forecast, By Technology, 2019-2031, (USD Bn)
- Market Size and Forecast, By Application, 2019-2031, (USD Bn)
- Market Size and Forecast, By End User, 2019-2031, (USD Bn)
- Market Size and Forecast, By Country, 2019-2031, (USD Bn)
  - Israel
  - GCC Countries
  - Rest of the Middle East & Africa
Africa
- Regional Trends
- Market Size and Forecast, By Technology, 2019-2031, (USD Bn)
- Market Size and Forecast, By Application, 2019-2031, (USD Bn)
- Market Size and Forecast, By End User, 2019-2031, (USD Bn)
- Market Size and Forecast, By Country, 2019-2031, (USD Bn)
  - South Africa
  - North Africa
  - Central Africa

8. Competitive Landscape

Company Profiles
- Bajaj Electricals Ltd
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Bridgelux, Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Cooper Lighting
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Cree, Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Digital Lumens, Inc.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- Eaton Corporation
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- General Electric Co.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- LED Roadway Lighting Ltd.
  - Company Overview
  - Product Portfolio
  - Financial Performance
  - Key Strategies
  - Recent Developments/Updates
- LIGMAN Lighting Co., Ltd.
- Nichia Corporation
- OSRAM Licht Group
- Philips Lighting Holding B.V.
- Toshiba Lighting & Technology Corporation
- Zumtobel Group AG

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Research Methodology

References
Research Methodology
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