Global Energy Saving & Fluorescent Market (2020-2026) | COVID-19 IMPACT, Industry, Revenue, Trends, Companies, Value, Size, Analysis, Outlook, Growth, Forecast & Share

Global Energy saving & fluorescent market demand would continue to accelerate on account of factors such as growing urbanization, development of smart cities, growth in the real estate sector, focus towards reduced GHGs emission and carbon emissions. Further, factors such as energy-efficient initiative taken by the government of several countries, advancement in energy-efficient lighting technology and adoption of UN sustainable development goals, green building initiative, increased awareness of energy-efficient lighting with residential societies and industries would speed up the demand for Energy saving & fluorescent market in the forecast period. Additionally, initial high setup cost and color change of light after a prolonged period are some of the key challenges that restraints the growth of the global energy saving & fluorescent market. Additionally, due to the outbreak of coronavirus pandemic the production and sales of the energy saving & fluorescent products were disrupted on account of global lockdown, unavailability of raw material and closure of factories and production units in several countries.

According to 6Wresearch, Global Energy Saving & Fluorescent Market size is projected to witness substantial growth during 2020-26. Currently, the Asia-Pacific region accounts for the highest revenue share in the overall global energy saving & fluorescent market. Further, countries such as Japan, China and Korea are among the top contributors in the market revenues owing to the rapid urbanization and adoption of Net-Zero energy building concept and set up of waste management system that easily discards LED and Fluorescent lamps. Additionally, the Europe region is expected to emerge as a potentially lucrative market for energy-saving fluorescent lamps during the forecast period, primarily due to the skyrocketing construction activities and rising consumer awareness about the cost-effectiveness of the energy-efficient lighting technology in the region.

The Commercial sector witnessed the maximum deployment of energy saving & fluorescent products, followed by the residential & industrial segment. This could be attributed to the fact that the government of many countries is inclined towards the construction of smart cities, setting up funds to replace traditional street lights with smart and energy-efficient lights and set up of game arena, trade Centers, hotels etc. on account of growing modern urbanization. Moreover, the use of energy saving fluorescent lights across the residential sector is booming due to fast pace residential housing construction and increased awareness among residential societies about the cost-effectiveness of energy-efficient lights having longer product life is becoming a popular trend in some countries such as the USA, Saudi Arabia, Japan and Germany.

Some of the leading players in the global energy saving & fluorescent market are OSRAM, Phillips, ABB ltd, LEDVANCE, GE, SORAA, Acquity Brands.

The global Energy saving & Fluorescent market report thoroughly covers the market by sources, applications, and regions including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa and key countries. The global Energy saving & Fluorescent market outlook provides an unbiased and detailed analysis of the on-going global Energy saving & Fluorescent market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Key Highlights

• Global Energy Saving & Fluorescent Market Outlook
• Global Energy Saving & Fluorescent Market Overview
• Global Energy Saving & Fluorescent Market Forecast
• Historical Data for the period 2016-2019 and Market Forecast of Global Energy Saving & Fluorescent Market Revenues until 2026
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Sources
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Application
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Regions
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Latin America Energy Saving & Fluorescent Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for North America Energy Saving & Fluorescent Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Europe Energy Saving & Fluorescent Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Asia Pacific Energy Saving & Fluorescent Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Middle East Energy Saving & Fluorescent Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Africa Energy Saving & Fluorescent Market
• Market Drivers and Restraints
• Global Energy Saving & Fluorescent Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Global Energy Saving & Fluorescent Market Share, By Players
• Competitive Benchmarking

Markets Covered

The report provides a detailed analysis of the following market segments:

• By Application:
• Commercial
• Residential
• Government
• By Sources:
• High-intensity Discharge Lamps (HID)
• Linear Fluorescent Lamps (LFL)
• Light Emitting Diodes (LED)
• By Regions:
• Latin America
• North America
• Europe
• Asia Pacific
• Middle East
• Africa

Frequently Asked Questions About the Market Study (FAQs):