North America Energy saving & fluorescent market is estimated to grow on account of the governments initiative of banning incandescent lights in warehouses and several commercial areas and implementation of schemes that offer energy-efficient light at subsidized prices in North America. Additionally, the governments across several countries in the region are taking initiatives to ramp up the construction activity for smart residential housing and implementing smart city projects. This factor will boost the Energy saving & fluorescent market in North America over the coming years.
According to 6Wresearch, North America Energy Saving & Fluorescent Market size is expected to project substantial growth during 2020-2026. Rapid growth in modern urbanization, Government Green building initiative, carbon footprint reduction and greenhouse gas emission initiatives are some of the key growth drivers of the North America energy saving & fluorescent market during the forecast period. Additionally, rising investment by private players like TELUS corps and Ameresco to work towards the implementation of energy-efficient lighting in the North American region will further boost the market during the forecast period.
Based on the sources, LED lights segments is projected to dominant during the forecast period owing to factors such as ease of disposal and long life of LED in comparison to incandescent life. HID and LFL lamps are projected to show significant growth in the coming years. By application, the commercial segment is anticipated to dominate on account of rising construction projects of smart cities and government initiative towards building energy-efficient townships.
Some of the major players operating in the North America energy saving & fluorescent market are OSRAM, Signify lighting (Phillips), ABB, Lumileds and LEDVANCE.
The North America energy saving & fluorescent market report thoroughly covers the market by sources, applications and by key countries including the United States and Canada. The North America energy saving & fluorescent market outlook report provides an unbiased and detailed analysis of the on-going North America 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
- North America Energy Saving & Fluorescent Market Outlook
- North America Energy Saving & Fluorescent Market Overview
- North America Energy Saving & Fluorescent Market Forecast
- Historical Data for the period 2016-2019 and Market Forecast of North America 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 Countries
- Historical Data for the period 2016-2019 and Market Forecast until 2026 for United States Energy Saving & Fluorescent Market
- Historical Data for the period 2016-2019 and Market Forecast until 2026 for Canada Energy Saving & Fluorescent Market
- Market Drivers and Restraints
- North America Energy Saving & Fluorescent Market Trends
- Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- North America 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 Countries:
- United States
- Canada
