Global Market for Energy Efficient Lighting to Exhibit 13.40% CAGR From 2016 to 2024 With Rapid Development of Wireless Technology: Transparency Market Research

News provided by

Nov 06, 2018, 08:30 ET

ALBANY, New York, November 6, 2018 /PRNewswire/ --

The global energy efficient lighting market is competitive in nature with a few number of players operating worldwide, states a new report by Transparency Market Research. The development of smart lighting technology is anticipated to encourage the growth of the overall market over the forecast period and is likely to experience a healthy competitive scenario over the next few years. The rise in the number of mergers and acquisitions and the expected entry of new player are anticipated to support the growth of the overall market in the near future. The key players engaged in the energy efficient warehouse lighting market across the globe are LIGMAN Lighting Co., Ltd., Digital Lumens, Inc., Philips Lighting Holding B.V., General Electric Company, Dialight, Eaton, Zumtobel Group AG, OSRAM GmbH, Bajaj Electricals Ltd., and Cree, Inc.

(Logo: https://mma.prnewswire.com/media/664869/Transparency_Market_Research_Logo.jpg )

Get PDF Brochure for Research Insights at: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=12989

As per TMR, in 2015, the global market for energy efficient warehouse lighting stood at US$4.2 bn and is predicted to reach a value of US$15 bn by the end of 2024. The market is anticipated to register a promising 13.40% CAGR between 2016 and 2024. Among the key geographical segments, Asia Pacific is anticipated to hold a massive share of the energy efficient warehouse lighting market in the forecast period. This region is expected to remain in the leading position in the next few years.

Favorable Government Support to Drive Energy Efficient Lighting Market

The rising use of fluorescent lights in the limited-space applications, due to their compact size and the rising use of plasma lights in the horticulture are the main factors that are expected to encourage the growth of the overall energy efficient lighting market in the next few years. The favorable government support and the long life and high efficiency offered by energy efficient lighting are further anticipated to ensure the market growth in the next few years.

Browse Research Release at https://www.transparencymarketresearch.com/pressrelease/energy-efficient-lighting-market.htm

In addition to this, the high energy savings by using the energy efficient lightings in comparison with the other forms of lighting is considered to support the growth in the coming few years. Also, the low cost required for maintenance of induction lighting is expected to propel the energy efficient lighting market in the next few years. The increasing adoption of LEDs in the automotive industry is projected to attract a large number of consumers, thus enhancing the market growth in the next few years.

High Cost of Applications to Restrict Growth of Energy Efficient Lighting Market

The global energy efficient warehouse lighting market is expected to face a slight downfall in the growth of the market. The low-efficiency for the heat sensitive applications and the increasing implementation and the high cost of application are some of the major factors that are predicted to restrict the growth of the market in the coming few years. Also, the lack of standardization and the increasing cost of testing are estimated to hamper the market growth in the near future. On the contrary, the high development of the wireless technology is predicted to ensure the development of the market in the coming years.

Request a Sample of Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=12989

This information is based on the findings of a research report published by Transparency Market Research (TMR), titled "Energy Efficient Warehouse Lighting Market (Lighting Source - High-intensity Discharge Lamps (HID), Linear Fluorescent Lamps (LFL), Light Emitting Diodes (LED)) - Global Industry Analysis, Size, Share, Growth Trends, And Forecast 2016 - 2024."

Key Takeaways:

The growing demand for energy efficient lighting from the automotive sector is estimated to encourage the growth of the global market in the next few years.
Asia Pacific market for energy efficient warehouse lighting is likely to experience high growth in coming years.

Request For Discount On This Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=12989

The global Energy Efficient Lighting Market has been segmented as below:

Energy Efficient Lighting Market: By Lighting Source

High-intensity Discharge Lamps (HID)
Linear Fluorescent Lamps (LFL)
Light Emitting Diodes (LED)
Other Lighting Sources

Energy Efficient Lighting Market: By Region

North America
- U.S.
- Canada
- Mexico
Europe
- U.K.
- France
- Germany
- Rest of Europe
Asia Pacific
- China
- Australia
- India
- Rest of Asia Pacific
Middle East and Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Rest of Middle East and Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America

Browse More Electronics & Semiconductors Market Research Reports

Popular Research Reports by TMR:

Terminal LCD Displays Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2022: https://www.transparencymarketresearch.com/terminal-lcd-displays-market.html
Smart Lighting and Control Systems Market (Lighting Source - Fluorescent Lamps and Compact Fluorescent Lamps, High Intensity Discharge Lamps (HID), and Light Emitting Diodes (LED); End-use Application - Residential, Commercial, Industrial and Outdoor Lighting; Control System - Smartphone-enabled Technology, Daylight Sensing Technology, and Proximity Sensing Technology): https://www.transparencymarketresearch.com/smart-lighting-control-systems-market.html
Automotive Lighting Market (Vehicle Type - Passenger and Commercial; Application - Front lighting, Rear lighting, Interior Lighting, and Side lighting; Technology - Halogen, Xenon, and LED; Product Scale - OEMs and Aftermarket Product):https://www.transparencymarketresearch.com/automotive-lighting-market.html

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact
Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: [email protected]