Government Energy Efficiency Initiatives Driving Growth In The Energy-Efficient Lighting Market: Strategic Insights Driving Energy-Efficient Lighting Market Momentum in 2025

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How Large Will the Energy-Efficient Lighting Market Size By 2025?
The market size of energy-efficient lighting has seen a significant increase in the recent past. It is projected to expand from its value of $55.27 billion in 2024 to an estimated $60.3 billion in 2025, maintaining a compound annual growth rate (CAGR) of 9.1%. The notable growth during the historic period is a result of government policies, heightened environmental consciousness, savings on cost, and the rising demand from consumers.

How Big Is the Energy-Efficient Lighting Market Size Expected to Grow by 2029?
The market for energy-efficient lighting is predicted to witness significant growth in the upcoming years, with its market size projected to rise to $80.9 billion by 2029 at a CAGR of 7.6%. This surge in growth over the forecast period is primarily due to factors such as the integration of smart lighting, urbanization and infrastructure advancements, energy efficiency goals, the growth of the market in developing nations, and promotional programs and incentives. The forecast period will also see major trends like the incorporation of the Internet of Things (IoT), the rise of human-centric lighting solutions, the adoption of circadian lighting, the development of Li-Fi technology, and growth in the horticultural lighting market.

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Which Key Market Drivers Powering Energy-Efficient Lighting Market Expansion and Growth?
Growth in the energy-efficient lighting market is projected to be boosted by the governmental schemes aimed at improving energy efficiency. These programs, policies, or strategies are designed to minimize energy use and enhance energy efficiency. The promotion of energy-efficient lighting is supported by these government initiatives through the introduction of standards, the backing of research and development, and the encouragement of cooperation across sectors. For example, the Department for Energy Security and Net Zero, a governmental department based in the UK, reported in March 2024 that government schemes had installed around 318,600 energy efficiency measures in 2023, marking a 49% rise from 2022. As a result, these government-led energy efficiency initiatives are propelling the energy-efficient lighting market.

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Which Fast-Growing Trends Are Poised to Disrupt the Energy-Efficient Lighting Market?
Key players in the energy-saving lighting industry are concentrating on creating cutting-edge products like color temperature variants available in cooler tones (3000K and 4000K). The term 'color temperature' means the visual perception of light emitted by a source and is evaluated in Kelvin (K). It signifies if the light seems warm (more towards yellow/red) or cool (more towards blue). For example, in November 2022, Signify, a lighting company from the Netherlands, introduced their ultra-efficient lighting solutions, reported to be approximately 50% more efficient than conventional LED items. A fresh collection of exceptionally efficient lighting products provides impressive energy savings of around 60% compared to regular LEDs. These items adhere to the newest energy efficiency rules and guarantee lifetimes of up to 100,000 hours. Perfect for a range of commercial environments, they assure considerable cost savings and a reduced carbon footprint. Moreover, these are available in various wattages and color temperatures to meet varying consumer tastes.

What Are the Emerging Segments in the Energy-Efficient Lighting Market?
The energy-efficient lighting market covered in this report is segmented -

1) By Type: High-Intensity Discharge Lamps (HID), Linear Fluorescent Lamps (LFL), Light Emitting Diodes (LED), Other Types
2) By Application: Residential, Commercial, Industrial, Outdoor, Other Applications
3) By End-User: Government, Healthcare, Education, Retail, Hospitality, Other End-Users

Subsegments:
1) By High-Intensity Discharge Lamps (HID): Metal Halide Lamps, High Pressure Sodium (HPS) Lamps, Low Pressure Sodium (LPS) Lamps
2) By Linear Fluorescent Lamps (LFL): T5 Fluorescent Lamps, T8 Fluorescent Lamps, T12 Fluorescent Lamps
3) By Light Emitting Diodes (LED): LED Bulbs, LED Tubes, LED Fixtures
4) By Other Types: Compact Fluorescent Lamps (CFL), Organic Light Emitting Diodes (OLED), Induction Lamps

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Who Are the Global Leaders in the Energy-Efficient Lighting Market?
Major companies operating in the energy-efficient lighting market are General Electric Company, Schneider Electric SE, ABB Group, Toshiba corporation, Philips Lighting, Eaton Corporation, Signify N.V., OSRAM GmbH, Hubbell Lighting Inc., Acuity Brands, Zumtobel Group AG, Seoul Semiconductor Co. Ltd., Cree Inc., Bajaj Electricals Ltd., Leviton Manufacturing Co. Inc., Dialight, Lumileds Holding B.V., Cooper Lighting, The Lighting Quotient, Bridgelux Inc., Soraa Inc., Advanced Lighting Technologies Australia Inc., Nichia Corporation, Savant Systems Inc.

Which are the Top Profitable Regional Markets for the Energy-Efficient Lighting Industry?
Europe was the largest region in the energy-efficient lighting market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the energy-efficient lighting market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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