Fluorescent lighting applications are gas-based lights produced by the interaction between mercury vapor and gases. Their efficiency, long lifespan, and low expenditure of energy are advantages of fluorescent lighting that have led to their application in malls, hospitals, schools, grocery stores, and homes. The global fluorescent lighting market report by Market Research Future (MRFR) defines solid-state and fluorescent lighting by type, installation, and application for comprehensive understanding of the industry. It covers drivers, restraints, opportunities, and trends for the period of 2019 to 2025 (forecast period) while keeping in mind of the COVID-19 outbreak for resizing projections on revenue and growth.
The global Fluorescent Lighting Market value is expected to reach USD 14.01 billion by the end of the forecast period at a CAGR of 16.3%. It was valued at USD 4.87 billion in 2018.
By type, the fluorescent lighting market has been segmented into linear fluorescent lamps (LFL), cold cathode fluorescent lamp (CCFL), and compact fluorescent lamps (CFL). The CFL segment has been further segmented into plug-in CFL, integral CFL, adapter CFL, screw-based CFL, and pin-mounted CFL.
By installation, the fluorescent lighting market has been segmented into new installation and retrofit.
By application, the fluorescent lighting market has been segmented into residential, commercial, and industrial.
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The market in Asia-Pacific is expected to be in the second position and grow at a faster rate during the forecast period due to rapid development in the semiconductor industry, electronic components manufacturing, and wireless technologies across the region. China, Japan, South Korea, and India are expected to dominate the fluorescent lighting market during the forecast period.
Europe is expected to dominate the fluorescent lighting market during the forecast period. Rapid developments in lighting and smart lighting market are expected to dominate the fluorescent lighting market in this region.
North America is expected to occupy the third position in terms of market share due to the early adoption of the latest technologies and the presence of global players such as General Electric Company.The US is expected to dominate the fluorescent lighting market during the forecast period. However, the market in Canada is expected to grow at a higher rate during forecast period.The market in Mexico is expected to grow at stable rate during the forecast period.
Schneider Electric SE, Emerson Electric Co., Eaton Corporation Inc., General Electric Company, Toshiba Lighting and Technology, Panasonic Corporation, Dialight PLC, Koninklijke Philips NV, Nichia Corporation, OSRAM Licht AG, Cree Inc., Everlight Electronics Co Ltd, and Bridgelux are reputed players of the global fluorescent lighting market.
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