Global Energy-Efficient Lighting Technology Market was valued at US$ 187.4Bn in 2020 and is expected to reach US$ 377.8Bn by 2026, at a CAGR of 8.1% during a forecast period.

The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.

Global Energy-Efficiency Lighting Technology Market

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The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding Energy-efficient Lighting Technology market dynamics, structure by identifying and analyzing the market segments by component, correlated color temperature, Application, and region and, projects the global market size.

Further, the report also focuses on competitive analysis of key players by Product Type, price, financial position, Product Type portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to a particular market segment.

In the Global Energy-efficient Lighting Technology market, increasing government activities towards the appropriation of energy-efficient solutions coupled with green building initiatives in various countries are major factors driving the growth of the global energy-efficient lighting technology market. In addition, increasing awareness among consumers regarding energy-efficient products and devices is further boosting the growth of the market.

Increasing adoption of energy-efficient lighting technology by various residential, enterprises, commercial buildings and increasing deployment of smart buildings and smart cities that use energy-efficient lighting solutions are some other factors fueling the market growth. Also, popular strategies with companies will plan to merge and acquisitions, which is not just helps them to diversify their product portfolios but also expand their geographical outreach.

Based on product type, Light-Emitting Diodes (LEDs) are expected to see maximum growth in the global energy-efficient lighting technology market due to their swift uptake on the back of surging popularity. This is because they are available in a range of customized shapes for both commercial and residential purposes. The gas discharge lamps are another promising segment that is projected to expand at a healthy clip. Linear Fluorescent Lamps (LFL and) Compact Fluorescent Lamps (CFL) are predicted to be the main drivers of this product type segment.

Geographically, Europe is expected to hold the leading market for energy-efficient lighting technology and accounted for maximum share in the revenue. Europe's dominant position is a result of several countries implementing the Energy Performance Certificates which require commercial spaces to adhere to energy-efficient requirements and processes. The market in Europe is likely to show a CAGR of around 8.8% in the forecast period and is a pull in revenue of an approx US$16.47 Bn in the future.

Also, Asia Pacific follows the European market by the second position in terms of market size vis-à-vis revenue. The Swift pace of economic growth in the market resulting in mega-urban projects and supportive government policies have made the region lucrative for manufacturers. By registering a CAGR of 5.3% over the course of the forecast period, the market in the Asia Pacific is expected to gross revenue of an approx US$82.86 Bn by the future.

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Scope of the Global Energy-efficient Lighting Technology Market: Inquire before buying

Global Energy-efficient Lighting Technology Market, by Product Type:

• Incandescent Lamp
o Halogen Lamps
o Others
• Light-Emitting Diode
• Arc Lamp
o Xenon Arc Lamp
o Mercury Xenon Arc Lamp
o Ultra-High-Performance Lamps
o Metal Halide Lamp
• Gas Discharge Lamps
o Compact Fluorescent Lamp
o Linear Fluorescent Lamps
o Mercury Vapor Lamp
o Neon Lamp
o Sodium Vapor Lamp
o Electrode less Lamp
Global Energy-efficient Lighting Technology Market, by Application:

• Commercial
• Residential
• Government
Global Energy-efficient Lighting Technology Market, by Correlated color temperature

• 2700K-3000K
• 3500K – 4000K
• 4000K- 5000K
• 5000K-6500K
• More Than 6500K
Global Energy-efficient Lighting Technology Market, by Geography

• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• South America
Key Players Operating in the Global Energy-efficient Lighting Technology Market

• Bajaj Electricals Ltd
• Bridgelux, Inc.
• Cree, Inc.
• Digital Lumens, Inc.
• LIGMAN Lighting Co., Ltd.
• Eaton Corporation
• General Electric Co.
• LED Roadway Lighting Ltd.
• Nichia Corporation
• OSRAM Licht Group
• Philips Lighting Holding B.V.
• Toshiba Lighting & Technology Corporation
• Zumtobel Group AG.
• GE Lighting
• Cooper Lighting

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