Energy Efficient Lighting Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Energy efficient lighting minimizes the electricity demand and is a cost effective method of lighting system compared to conventional lighting methods. Greater energy saving compared to other forms of lighting is likely to boost the energy efficient lighting market. The automotive lighting market has undergone a tremendous change in the last five years as many innovative and adaptive technologies penetrated the market. However, growing adoption of LEDs in the automotive industry might provide new opportunities for the energy efficient lighting market.
MARKET DYNAMICS
Technological up gradation in the lighting system not only offers energy efficiency but also provides extra benefits such as light ambiance, ventilation, and warmth. Also, these lighting devices add the aesthetic beauty to the house and eliminate the need for artificial heating and cooling. However, these energy efficient A huge amount of energy heat is emitted by buildings because of improper insulation or due to radiation. However, these installation of smart lighting devices assists in efficient energy consumption and effective regulation of thermal room temperatures. The efficient lighting devices also decreases the requirement need are expected to drive the energy efficient lighting market growth over the forecast period.
MARKET SCOPE
The "Global Energy Efficient Lighting Market Analysis to 2031" is a specialized and in-depth study of the energy efficient lighting market with a special focus on the global market trend analysis. The report aims to provide an overview of energy efficient lighting market with detailed market segmentation by source, and application. The global energy efficient lighting market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading energy efficient lighting market player and offers key trends and opportunities in the energy efficient lighting market.
MARKET SEGMENTATION
The global energy efficient lighting market is segmented on the basis of source, and application. On the basis of source, market is segmented as ` high-intensity discharge lamps (HID), linear fluorescent lamps (LFL), light emitting diodes (LED), and Others. On the basis of application, market is segmented as home use, commercial use, and industrial use.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global energy efficient lighting market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The energy efficient lighting market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting energy efficient lighting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the energy efficient lighting market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global energy efficient lighting market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The energy efficient lighting market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting energy efficient lighting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the energy efficient lighting market in these regions.
MARKET PLAYERS
The reports cover key developments in the energy efficient lighting market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from energy efficient lighting market are anticipated to lucrative growth opportunities in the future with the rising demand for energy efficient lighting market. Below mentioned is the list of few companies engaged in the energy efficient LIGHTING market.
The report also includes the profiles of key energy efficient lighting market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Acuity Brands
- Cooper Lighting
- Cree
- GE Lighting
- Hubbell Lighting
- Nichia
- OSRAM
- Philips Lighting
- Soraa
- The Lighting Quotient
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Energy Efficient Lighting Market - By Source
1.3.2 Energy Efficient Lighting Market - By Application
1.3.3 Energy Efficient Lighting Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ENERGY EFFICIENT LIGHTING MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. ENERGY EFFICIENT LIGHTING MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. ENERGY EFFICIENT LIGHTING MARKET - GLOBAL MARKET ANALYSIS
6.1. ENERGY EFFICIENT LIGHTING - GLOBAL MARKET OVERVIEW
6.2. ENERGY EFFICIENT LIGHTING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ENERGY EFFICIENT LIGHTING MARKET - REVENUE AND FORECASTS TO 2028 - SOURCE
7.1. OVERVIEW
7.2. SOURCE MARKET FORECASTS AND ANALYSIS
7.3. HIGH-INTENSITY DISCHARGE LAMPS (HID)
7.3.1. Overview
7.3.2. High-Intensity Discharge Lamps (HID) Market Forecast and Analysis
7.4. LINEAR FLUORESCENT LAMPS (LFL)
7.4.1. Overview
7.4.2. Linear Fluorescent Lamps (LFL) Market Forecast and Analysis
7.5. AND LIGHT EMITTING DIODES (LED)
7.5.1. Overview
7.5.2. and Light Emitting Diodes (LED) Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. ENERGY EFFICIENT LIGHTING MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. HOME USE
8.3.1. Overview
8.3.2. Home Use Market Forecast and Analysis
8.4. COMMERCIAL USE
8.4.1. Overview
8.4.2. Commercial Use Market Forecast and Analysis
8.5. INDUSTRIAL USE
8.5.1. Overview
8.5.2. Industrial Use Market Forecast and Analysis
9. ENERGY EFFICIENT LIGHTING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Energy Efficient Lighting Market Overview
9.1.2 North America Energy Efficient Lighting Market Forecasts and Analysis
9.1.3 North America Energy Efficient Lighting Market Forecasts and Analysis - By Source
9.1.4 North America Energy Efficient Lighting Market Forecasts and Analysis - By Application
9.1.5 North America Energy Efficient Lighting Market Forecasts and Analysis - By Countries
9.1.5.1 United States Energy Efficient Lighting Market
9.1.5.1.1 United States Energy Efficient Lighting Market by Source
9.1.5.1.2 United States Energy Efficient Lighting Market by Application
9.1.5.2 Canada Energy Efficient Lighting Market
9.1.5.2.1 Canada Energy Efficient Lighting Market by Source
9.1.5.2.2 Canada Energy Efficient Lighting Market by Application
9.1.5.3 Mexico Energy Efficient Lighting Market
9.1.5.3.1 Mexico Energy Efficient Lighting Market by Source
9.1.5.3.2 Mexico Energy Efficient Lighting Market by Application
9.2. EUROPE
9.2.1 Europe Energy Efficient Lighting Market Overview
9.2.2 Europe Energy Efficient Lighting Market Forecasts and Analysis
9.2.3 Europe Energy Efficient Lighting Market Forecasts and Analysis - By Source
9.2.4 Europe Energy Efficient Lighting Market Forecasts and Analysis - By Application
9.2.5 Europe Energy Efficient Lighting Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Energy Efficient Lighting Market
9.2.5.1.1 Germany Energy Efficient Lighting Market by Source
9.2.5.1.2 Germany Energy Efficient Lighting Market by Application
9.2.5.2 France Energy Efficient Lighting Market
9.2.5.2.1 France Energy Efficient Lighting Market by Source
9.2.5.2.2 France Energy Efficient Lighting Market by Application
9.2.5.3 Italy Energy Efficient Lighting Market
9.2.5.3.1 Italy Energy Efficient Lighting Market by Source
9.2.5.3.2 Italy Energy Efficient Lighting Market by Application
9.2.5.4 United Kingdom Energy Efficient Lighting Market
9.2.5.4.1 United Kingdom Energy Efficient Lighting Market by Source
9.2.5.4.2 United Kingdom Energy Efficient Lighting Market by Application
9.2.5.5 Russia Energy Efficient Lighting Market
9.2.5.5.1 Russia Energy Efficient Lighting Market by Source
9.2.5.5.2 Russia Energy Efficient Lighting Market by Application
9.2.5.6 Rest of Europe Energy Efficient Lighting Market
9.2.5.6.1 Rest of Europe Energy Efficient Lighting Market by Source
9.2.5.6.2 Rest of Europe Energy Efficient Lighting Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Energy Efficient Lighting Market Overview
9.3.2 Asia-Pacific Energy Efficient Lighting Market Forecasts and Analysis
9.3.3 Asia-Pacific Energy Efficient Lighting Market Forecasts and Analysis - By Source
9.3.4 Asia-Pacific Energy Efficient Lighting Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Energy Efficient Lighting Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Energy Efficient Lighting Market
9.3.5.1.1 Australia Energy Efficient Lighting Market by Source
9.3.5.1.2 Australia Energy Efficient Lighting Market by Application
9.3.5.2 China Energy Efficient Lighting Market
9.3.5.2.1 China Energy Efficient Lighting Market by Source
9.3.5.2.2 China Energy Efficient Lighting Market by Application
9.3.5.3 India Energy Efficient Lighting Market
9.3.5.3.1 India Energy Efficient Lighting Market by Source
9.3.5.3.2 India Energy Efficient Lighting Market by Application
9.3.5.4 Japan Energy Efficient Lighting Market
9.3.5.4.1 Japan Energy Efficient Lighting Market by Source
9.3.5.4.2 Japan Energy Efficient Lighting Market by Application
9.3.5.5 South Korea Energy Efficient Lighting Market
9.3.5.5.1 South Korea Energy Efficient Lighting Market by Source
9.3.5.5.2 South Korea Energy Efficient Lighting Market by Application
9.3.5.6 Rest of Asia-Pacific Energy Efficient Lighting Market
9.3.5.6.1 Rest of Asia-Pacific Energy Efficient Lighting Market by Source
9.3.5.6.2 Rest of Asia-Pacific Energy Efficient Lighting Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Energy Efficient Lighting Market Overview
9.4.2 Middle East and Africa Energy Efficient Lighting Market Forecasts and Analysis
9.4.3 Middle East and Africa Energy Efficient Lighting Market Forecasts and Analysis - By Source
9.4.4 Middle East and Africa Energy Efficient Lighting Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Energy Efficient Lighting Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Energy Efficient Lighting Market
9.4.5.1.1 South Africa Energy Efficient Lighting Market by Source
9.4.5.1.2 South Africa Energy Efficient Lighting Market by Application
9.4.5.2 Saudi Arabia Energy Efficient Lighting Market
9.4.5.2.1 Saudi Arabia Energy Efficient Lighting Market by Source
9.4.5.2.2 Saudi Arabia Energy Efficient Lighting Market by Application
9.4.5.3 U.A.E Energy Efficient Lighting Market
9.4.5.3.1 U.A.E Energy Efficient Lighting Market by Source
9.4.5.3.2 U.A.E Energy Efficient Lighting Market by Application
9.4.5.4 Rest of Middle East and Africa Energy Efficient Lighting Market
9.4.5.4.1 Rest of Middle East and Africa Energy Efficient Lighting Market by Source
9.4.5.4.2 Rest of Middle East and Africa Energy Efficient Lighting Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Energy Efficient Lighting Market Overview
9.5.2 South and Central America Energy Efficient Lighting Market Forecasts and Analysis
9.5.3 South and Central America Energy Efficient Lighting Market Forecasts and Analysis - By Source
9.5.4 South and Central America Energy Efficient Lighting Market Forecasts and Analysis - By Application
9.5.5 South and Central America Energy Efficient Lighting Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Energy Efficient Lighting Market
9.5.5.1.1 Brazil Energy Efficient Lighting Market by Source
9.5.5.1.2 Brazil Energy Efficient Lighting Market by Application
9.5.5.2 Argentina Energy Efficient Lighting Market
9.5.5.2.1 Argentina Energy Efficient Lighting Market by Source
9.5.5.2.2 Argentina Energy Efficient Lighting Market by Application
9.5.5.3 Rest of South and Central America Energy Efficient Lighting Market
9.5.5.3.1 Rest of South and Central America Energy Efficient Lighting Market by Source
9.5.5.3.2 Rest of South and Central America Energy Efficient Lighting Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. ENERGY EFFICIENT LIGHTING MARKET, KEY COMPANY PROFILES
11.1. ACUITY BRANDS
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. COOPER LIGHTING
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CREE
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. GE LIGHTING
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. HUBBELL LIGHTING
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. NICHIA
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. OSRAM
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. PHILIPS LIGHTING
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SORAA
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. THE LIGHTING QUOTIENT
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Acuity Brands
2. Cooper Lighting
3. Cree
4. GE Lighting
5. Hubbell Lighting
6. Nichia
7.OSRAM
8. Philips Lighting
9. Soraa
10. The Lighting Quotient
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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