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Global Energy-Efficient Lighting Technology Market to Reach USD 377.74 Billion by 2029, Growing at a CAGR of 8.1 Percentage

12-11-2024 04:44 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD.

Global Energyefficient Lighting Technology Market

Global Energyefficient Lighting Technology Market

Global Energy-Efficient Lighting Technology Market was valued at US$ 218.98 Bn in 2022 and is expected to reach US$ 377.74 Bn by 2029, at a CAGR of 8.1% during a forecast period.

๐†๐ฅ๐จ๐›๐š๐ฅ ๐„๐ง๐ž๐ซ๐ ๐ฒ๐ž๐Ÿ๐Ÿ๐ข๐œ๐ข๐ž๐ง๐ญ ๐‹๐ข๐ ๐ก๐ญ๐ข๐ง๐  ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

The global energy-efficient lighting technology market is rapidly growing as a result of the increasing focus on reducing energy consumption and carbon emissions. Advancements in lighting technologies such as LED and OLED have significantly reduced energy use while enhancing the overall efficiency of lighting systems across residential, commercial, and industrial sectors.

๐†๐ž๐ญ ๐˜๐จ๐ฎ๐ซ ๐…๐ซ๐ž๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐ญ๐ก๐ž ๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: https://www.maximizemarketresearch.com/request-sample/26030/

๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐†๐ฅ๐จ๐›๐š๐ฅ ๐„๐ง๐ž๐ซ๐ ๐ฒ๐ž๐Ÿ๐Ÿ๐ข๐œ๐ข๐ž๐ง๐ญ ๐‹๐ข๐ ๐ก๐ญ๐ข๐ง๐  ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ:

The key drivers of the market include stricter government regulations aimed at promoting sustainability, cost-effectiveness in energy consumption, and growing awareness about environmental issues. Additionally, advancements in smart lighting systems and the integration of IoT are further boosting market demand.

๐†๐ฅ๐จ๐›๐š๐ฅ ๐„๐ง๐ž๐ซ๐ ๐ฒ๐ž๐Ÿ๐Ÿ๐ข๐œ๐ข๐ž๐ง๐ญ ๐‹๐ข๐ ๐ก๐ญ๐ข๐ง๐  ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ:

Trends in the energy-efficient lighting market reflect a shift towards smart, connected lighting systems, where energy savings and enhanced control are central. With the rising adoption of smart homes and smart cities, the integration of energy-efficient lighting solutions is expected to increase, further expanding the market.

๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐“๐จ๐๐š๐ฒ ๐Ÿ๐จ๐ซ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ: https://www.maximizemarketresearch.com/inquiry-before-buying/26030/

๐Œ๐ž๐ซ๐ ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐€๐œ๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐†๐ฅ๐จ๐›๐š๐ฅ ๐„๐ง๐ž๐ซ๐ ๐ฒ๐ž๐Ÿ๐Ÿ๐ข๐œ๐ข๐ž๐ง๐ญ ๐‹๐ข๐ ๐ก๐ญ๐ข๐ง๐  ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ

๐„๐ง๐ž๐ซ๐ ๐ฒ-๐„๐Ÿ๐Ÿ๐ข๐œ๐ข๐ž๐ง๐ญ ๐‹๐ข๐ ๐ก๐ญ๐ข๐ง๐  ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ

Vietnam's energy-efficient lighting market has been experiencing robust growth. This trend can be attributed to the government's push for sustainable solutions and the increasing demand for smart city infrastructure. Leading companies like ๐„๐ฏ๐ž๐ซ๐ฅ๐ข๐ ๐ก๐ญ ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐จ๐ง๐ข๐œ๐ฌ have expanded their presence in the region. Mergers and partnerships are set to boost this growth, providing enhanced technology and product offerings in the region. With a favorable regulatory environment and a strong focus on energy conservation, Vietnam presents a huge opportunity for further market penetration.

๐„๐ง๐ž๐ซ๐ ๐ฒ-๐„๐Ÿ๐Ÿ๐ข๐œ๐ข๐ž๐ง๐ญ ๐‹๐ข๐ ๐ก๐ญ๐ข๐ง๐  ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐

In Thailand, the energy-efficient lighting market is seeing an uptick due to government incentives and the country's efforts to reduce carbon emissions. ๐“๐ก๐š๐ข ๐‹๐ข๐ ๐ก๐ญ๐ข๐ง๐  and ๐Ž๐ฌ๐ซ๐š๐ฆ are key players in Thailand, focusing on both residential and industrial sectors. The Thai government's support for energy-efficient buildings and green initiatives is a major driver of this growth. Recent partnerships and acquisitions in the region, especially by multinational companies, provide a solid foundation for continued market expansion.

๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐„๐ง๐ž๐ซ๐ ๐ฒ-๐„๐Ÿ๐Ÿ๐ข๐œ๐ข๐ž๐ง๐ญ ๐‹๐ข๐ ๐ก๐ญ๐ข๐ง๐  ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ ๐ข๐ง ๐‰๐š๐ฉ๐š๐ง

Japan stands at the forefront of energy-efficient lighting technology in Asia. The country's technological advancements in smart cities and sustainability initiatives have fostered a growing market for innovative lighting solutions. ๐๐š๐ง๐š๐ฌ๐จ๐ง๐ข๐œ and ๐’๐ก๐š๐ซ๐ฉ ๐‚๐จ๐ซ๐ฉ๐จ๐ซ๐š๐ญ๐ข๐จ๐ง are leading the way in developing advanced LED and OLED lighting systems. Mergers such as the recent acquisition of ๐“๐จ๐ฌ๐ก๐ข๐›๐š'๐ฌ ๐‹๐ข๐ ๐ก๐ญ๐ข๐ง๐  ๐๐ฎ๐ฌ๐ข๐ง๐ž๐ฌ๐ฌ by ๐’๐ข๐ ๐ง๐ข๐Ÿ๐ฒ reflect Japan's role in consolidating global market positions, driving increased competition and product development.

๐„๐ง๐ž๐ซ๐ ๐ฒ-๐„๐Ÿ๐Ÿ๐ข๐œ๐ข๐ž๐ง๐ญ ๐‹๐ข๐ ๐ก๐ญ๐ข๐ง๐  ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š

South Korea's commitment to energy efficiency and reducing environmental impact is reflected in its energy-efficient lighting market. As part of the "Green New Deal," South Korea is investing heavily in energy-saving technologies. Companies like ๐’๐š๐ฆ๐ฌ๐ฎ๐ง๐  ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐จ๐ง๐ข๐œ๐ฌ and LG ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐จ๐ง๐ข๐œ๐ฌ are significantly contributing to the sector's growth. The market is also witnessing consolidation, as local companies are forming strategic alliances with global players to enhance their technological offerings.

๐„๐ง๐ž๐ซ๐ ๐ฒ-๐„๐Ÿ๐Ÿ๐ข๐œ๐ข๐ž๐ง๐ญ ๐‹๐ข๐ ๐ก๐ญ๐ข๐ง๐  ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž

Singapore is becoming a key player in the global energy-efficient lighting market, driven by government incentives and smart city initiatives. The city-state's demand for sustainable infrastructure and cutting-edge lighting technologies has attracted significant foreign investment. ๐Ž๐ฌ๐ซ๐š๐ฆ and ๐๐ก๐ข๐ฅ๐ข๐ฉ๐ฌ ๐‹๐ข๐ ๐ก๐ญ๐ข๐ง๐  are expanding their operations here, focusing on smart lighting solutions for residential and commercial buildings. Recent partnerships, such as ๐’๐ข๐ง๐ ๐ญ๐ž๐ฅ'๐ฌ collaboration with ๐๐ก๐ข๐ฅ๐ข๐ฉ๐ฌ, are set to drive further innovations in the lighting sector.

๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐Ÿ๐จ๐ซ ๐„๐ง๐ž๐ซ๐ ๐ฒ-๐„๐Ÿ๐Ÿ๐ข๐œ๐ข๐ž๐ง๐ญ ๐‹๐ข๐ ๐ก๐ญ๐ข๐ง๐  ๐ข๐ง ๐ญ๐ก๐ž ๐”๐ง๐ข๐ญ๐ž๐ ๐’๐ญ๐š๐ญ๐ž๐ฌ

The United States remains a dominant market for energy-efficient lighting, driven by both governmental regulations and increasing consumer demand for cost-effective, eco-friendly solutions. Key players like ๐‚๐ซ๐ž๐ž, ๐†๐ž๐ง๐ž๐ซ๐š๐ฅ ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ, and ๐€๐œ๐ฎ๐ข๐ญ๐ฒ ๐๐ซ๐š๐ง๐๐ฌ are leveraging technological advancements to capture a larger share of the market. Recent mergers and acquisitions, such as ๐‚๐ซ๐ž๐ž'๐ฌ purchase of ๐‹๐ฎ๐ฆ๐ข๐ง๐ฎ๐ฌ ๐ƒ๐ž๐ฏ๐ข๐œ๐ž๐ฌ, are positioning U.S. companies for continued growth, innovation, and market dominance in energy-efficient lighting technologies.

๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐ญ๐ก๐ž ๐„๐ฎ๐ซ๐จ๐ฉ๐ž๐š๐ง ๐„๐ง๐ž๐ซ๐ ๐ฒ-๐„๐Ÿ๐Ÿ๐ข๐œ๐ข๐ž๐ง๐ญ ๐‹๐ข๐ ๐ก๐ญ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ

Europe is experiencing a wave of consolidation in its energy-efficient lighting market, with major acquisitions and strategic partnerships. Companies like ๐’๐ข๐ ๐ง๐ข๐Ÿ๐ฒ and ๐Ž๐ฌ๐ซ๐š๐ฆ are actively acquiring smaller firms to strengthen their market position. In addition, regulatory frameworks like the EU's Green Deal are fostering market growth by providing incentives for energy-efficient building solutions. The rising demand for energy-saving lighting in both residential and commercial sectors presents further opportunities for expansion in the European market.

๐‚๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐€๐›๐จ๐ฎ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ? ๐†๐ซ๐š๐› ๐˜๐จ๐ฎ๐ซ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐“๐จ๐๐š๐ฒ: https://www.maximizemarketresearch.com/request-sample/26030/

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐†๐ฅ๐จ๐›๐š๐ฅ ๐„๐ง๐ž๐ซ๐ ๐ฒ๐ž๐Ÿ๐Ÿ๐ข๐œ๐ข๐ž๐ง๐ญ ๐‹๐ข๐ ๐ก๐ญ๐ข๐ง๐  ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ:

๐›๐ฒ ๐๐ซ๐จ๐๐ฎ๐œ๐ญ

Incandescent Lamp
Light Emitting Diode
Arc Lamp

๐†๐š๐ฌ ๐ƒ๐ข๐ฌ๐œ๐ก๐š๐ซ๐ ๐ž ๐‹๐š๐ฆ๐ฉ๐ฌ ๐›๐ฒ

Application
Commercial
Residential

๐†๐จ๐ฏ๐ž๐ซ๐ง๐ฆ๐ž๐ง๐ญ ๐›๐ฒ

Correlated color temperature
2700K-3000K
3500K - 4000K
4000K- 5000K
5000K-6500K
More Than 6500K

๐–๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ž ๐ฅ๐š๐ซ๐ ๐ž๐ฌ๐ญ ๐ฆ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ž๐ซ๐ฌ ๐จ๐Ÿ ๐†๐ฅ๐จ๐›๐š๐ฅ ๐„๐ง๐ž๐ซ๐ ๐ฒ๐ž๐Ÿ๐Ÿ๐ข๐œ๐ข๐ž๐ง๐ญ ๐‹๐ข๐ ๐ก๐ญ๐ข๐ง๐  ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐ž?

1. Bajaj Electricals Ltd
2. Bridgelux, Inc.
3. Cree, Inc.
4. Digital Lumens, Inc.
5. LIGMAN Lighting Co., Ltd.
6. Eaton Corporation
7. General Electric Co.
8. LED Roadway Lighting Ltd.
9. Nichia Corporation
10.OSRAM Licht Group
11.Philips Lighting Holding B.V.
12.Toshiba Lighting & Technology Corporation
13.Zumtobel Group AG.
14.GE Lighting
15.Cooper Lighting

๐Š๐ง๐จ๐ฐ ๐Œ๐จ๐ซ๐ž ๐€๐›๐จ๐ฎ๐ญ ๐“๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/market-report/global-energy-efficient-lighting-technology-market/26030/

๐Š๐ž๐ฒ ๐Ž๐Ÿ๐Ÿ๐ž๐ซ๐ข๐ง๐ ๐ฌ:

โ€ข Past Market Size and Competitive Landscape
โ€ข Global Energyefficient Lighting Technology Market Size, Share, Size & Forecast by different segment
โ€ข Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
โ€ข Global Energyefficient Lighting Technology Market Segmentation - A detailed analysis by Product
โ€ข Competitive Landscape - Profiles of selected key players by region from a strategic perspective
โ€ข Competitive landscape - Market Leaders, Market Followers, Regional player
โ€ข Competitive benchmarking of key players by region
โ€ข PESTLE Analysis
โ€ข PORTER's analysis
โ€ข Value chain and supply chain analysis
โ€ข Legal Aspects of business by region
โ€ข Lucrative business opportunities with SWOT analysis
โ€ข Recommendations

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐Œ๐จ๐ซ๐ž: ๐•๐ข๐ฌ๐ข๐ญ ๐Ž๐ฎ๐ซ ๐–๐ž๐›๐ฌ๐ข๐ญ๐ž ๐Ÿ๐จ๐ซ ๐€๐๐๐ข๐ญ๐ข๐จ๐ง๐š๐ฅ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ:

โ™ฆ Global Health Insurance Exchange Market https://www.maximizemarketresearch.com/market-report/global-health-insurance-exchange-market/6532/

โ™ฆ Global Returnable Glass Bottle Inks Market https://www.maximizemarketresearch.com/market-report/global-returnable-glass-bottle-inks-market/100431/

โ™ฆ Ethernet PHY Chip Market https://www.maximizemarketresearch.com/market-report/global-ethernet-phy-chip-market/64611/

โ™ฆ Simulator Gaming Machines Market https://www.maximizemarketresearch.com/market-report/simulator-gaming-machines-market/79187/

โ™ฆ Automobile Muffler Market https://www.maximizemarketresearch.com/market-report/global-automobile-muffler-market/22318/

โ™ฆ Cloud IDS/IPS Market https://www.maximizemarketresearch.com/market-report/global-cloud-intrusion-detection-system/1374/

โ™ฆGas Cutting Machine Market https://www.maximizemarketresearch.com/market-report/gas-cutting-machine-market/77015/

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