Global Fluorescent Lighting Market, By Type (Compact Fluorescent Lamp, Linear Fluorescent Lamp, Cold Cathode Fluorescent Lamp), Installation (Retrofit, New Installation), Application (General Lighting, Commercial Lighting, Residential Lighting, Industrial Lighting, Outdoor Lighting, Medical Lighting, Surgical and Treatment Lighting, General/Mounted Lighting, Others) - Industry Trends and Forecast to 2029
Market Analysis and Size
Fluorescent lighting has gained immense popularity owing to its low heating features and high illuminating capabilities. These lights are being widely deployed in both residential and commercial use due to the UV light-emitting advantage of the light. Various sizes and shapes of this light are suitable in any area.
Global Fluorescent Lighting Market was valued at USD 6.40 billion in 2021 and is expected to reach USD 14.66 billion by 2029, registering a CAGR of 10.91% during the forecast period of 2022-2029. Commercial Lighting is expected to witness significant growth in the application segment of the market owing to the rapid industrialization. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Market Definition
Fluorescent lighting is a type of illuminating device that utilizes a set of chemical reaction enclosed inside a glass structure. This reaction can be described as a reaction between gas and mercury vapor, which ultimately results in emitting a UV light. This lighting is responsible for illuminating the phosphor powder that is present inside the glass structure which ultimately causes the fluorescent light effect.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020 (Customizable to 2014 - 2019)
|
|
Quantitative Units
|
Revenue in USD Billion, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Type (Compact Fluorescent Lamp, Linear Fluorescent Lamp, Cold Cathode Fluorescent Lamp), Installation (Retrofit, New Installation), Application (General Lighting, Commercial Lighting, Residential Lighting, Industrial Lighting, Outdoor Lighting, Medical Lighting, Surgical and Treatment Lighting, General/Mounted Lighting, Others)
|
|
Countries Covered
|
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA).
|
|
Market Players Covered
|
Signify Holding (Netherlands), Fagerhult Group (Sweden), OSRAM GmbH (Germany), Zumtobel Group AG (Austria), LEDVANCE GmbH (Germany), Altman Lighting (US), Astute Lighting Ltd (UK), Bamford Lighting (UK), Dextra Group (UK), Enarlux (Spain), Halla, a.s (Czechia), Hubbell incorporated (US), Ideal Industries, Inc (US), Reggiani Spa Illuminazione (Italy), Sylvania (US), TRILUX Lighting Ltd (India), and OLIGO Lichttechnik GmbH (Germany), among others
|
|
Market Opportunities
|
|
Fluorescent Lighting Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Energy Efficiency and Low Carbon Emissions
The growing need for energy-saving and low-carbon-emission-oriented solutions propels the global fluorescent lighting market. Energy efficiency is an important aspect of a country's economic development. There has been a growing demand to reduce energy usage and carbon emissions as a result of rising global warming and regulatory regulations.
- Increase in Number of Smart Cities
The increase in demand for LED Lighting encouraged by the modernization and development of infrastructure such as smart cities accelerate the market growth. Also, penetration of LEDs as a light source in general lighting has a positive impact on the market.
- High Popularity of LED
The increase in popularity of LEDs among population as they are reliable, efficient, and offer a longer life span further influence the market. These lights are known to be cost-effective compared to incandescent lights.
Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the fluorescent lighting market.
Opportunities
Furthermore, increase in research and development activities, and emergence of industry 5.0 extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, high adoption rate of fluorescent lights are higher due to their long life will further expand the market.
Restraints/Challenges
On the other hand, concerns regarding toxic materials and environmental consciousness among end users regarding use in a residential setting are expected to obstruct market growth. Also, high initial cost is projected to challenge the fluorescent lighting market in the forecast period of 2022-2029.
This fluorescent lighting market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on fluorescent lighting market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Covid-19 Impact on Fluorescent Lighting Market
The COVID-19 had a negative impact on the fluorescent lighting market owing to the strict lockdowns and social distancing to contain the spread of the virus. The economic uncertainty, partial shutdown of the business and low consumer confidence impacted demand indoor lighting market. The supply chain got hampered during the pandemic along with delay logistics activities. However, the fluorescent lighting market is expected to regain its pace during the post pandemic scenario due to the easing on the restrictions.
Fluorescent Lighting Market Scope and Market Size
The fluorescent lighting market is segmented on the basis of type, installation and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Compact Fluorescent Lamp
- Linear Fluorescent Lamp
- Cold Cathode Fluorescent Lamp
Installation
- Retrofit
- New Installation
Application
- General Lighting
- Commercial Lighting
- Residential Lighting
- Industrial Lighting
- Outdoor Lighting
- Medical Lighting
- Surgical and Treatment Lighting
- General/Mounted Lighting
- Others
Fluorescent Lighting Market Regional Analysis/Insights
The fluorescent lighting market is analysed and market size insights and trends are provided by country, type, installation and application as referred above.
The countries covered in the fluorescent lighting market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the fluorescent lighting market due to the massive presence of key manufacturing companies, and growing demand of fluorescent lamps in the outdoor applications such as in pedestrian tunnel and outdoor parking system within the region.
Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 because of the rapid industrialization in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Fluorescent Lighting Market
The fluorescent lighting market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to fluorescent lighting market.
Some of the major players operating in fluorescent lighting market are
- Signify Holding (Netherlands)
- Fagerhult Group (Sweden)
- OSRAM GmbH (Germany)
- Zumtobel Group AG (Austria)
- LEDVANCE GmbH (Germany)
- Altman Lighting (US)
- Astute Lighting Ltd (UK)
- Bamford Lighting (UK)
- Dextra Group (UK)
- Enarlux (Spain)
- Halla, a.s (Czechia)
- Hubbell incorporated (US)
- Ideal Industries, Inc (US)
- Reggiani Spa Illuminazione (Italy)
- Sylvania (US)
- TRILUX Lighting Ltd (India)
- OLIGO Lichttechnik GmbH (Germany)
SKU-