High Demand For Energy-Efficient LEDs To Boost SSL And Fluorescent Lighting Market

MarketResearchReports.biz has announced the addition of a new report, titled “Global SSL And Fluorescent Lighting Market 2016-2020.” The report covers the market’s competitive landscape and its growth prospects over the coming years. A comprehensive overview of the global SSL and fluorescent lighting market, including its definition, specifications, classification, application, and industry chain structure, is presented in the report. According to the report, the global SSL and fluorescent lighting market is expected to expand at a 15.02% CAGR from 2016 to 2020. One of the key drivers of the market is the strong government support it receives in the form of subsidies.

The introduction of energy-efficient lighting technologies is driving the demand for lighting products. The increased focus of governments in many countries on the promotion of energy-efficient lighting technologies is primarily fueling the global SSL and fluorescent lighting market. The restrictions on the use of incandescent bulbs in several regions are also aiding the growth of the market across the globe. There has been an increase in the adoption of linear fluorescent bulbs (LFL), halogen lamps, light emitting diode (LED) lamps, and compact fluorescent lamps (CFL) in the residential and corporate sectors in recent years. This increased use has boosted the demand for SSL and fluorescent lighting across the globe.

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The prime focus of manufacturers operating in the global SSL and fluorescent lighting market is on the use of energy-efficient, environment-friendly technologies such as LED. The cost benefits offered by these technologies are encouraging their adoption across the world. Manufacturers have also developed intelligent lighting for stage and other applications; intelligent lighting is programmed with software that automates the intensity and duration of lighting. This not only saves energy, but also the cost. Such efforts and developments by manufacturers are encouraging the growth of the global SSL and fluorescent lighting market. Moreover, the decline in the manufacturing cost of LED lighting is boosting the growth of the market across the globe.

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The global SSL and fluorescent lighting market is challenged by the absence of global LED standardization. However, the emergence of smart cities will open new opportunities for growth of the market, as there will be a surge in the demand for SSL and fluorescent lighting in smart cities.

The report segments the global SSL and fluorescent lighting market on the basis of application, and geography. On the basis of application, the market is segmented into architectural, commercial, industrial, outdoor, and residential SSL and fluorescent lighting. The residential segment is anticipated to lead the global SSL and fluorescent lighting market in the coming years. The growing demand for LED lights is benefitting the demand for these lighting solutions in the residential sector.

Key vendors profiled in the report include: GE Electric, Dialight, OSRAM, Eaton, Panasonic, MLS Electronics, and Schneider Electrica.

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