Pune, 17, April, 2023: A global Energy & Power business-consulting firm, Maximize Market Research, has published a market intelligence and competitive landscape report on the “Energy Efficient Lighting Market”, which is a combination of primary data and secondary data. According to the report, the market is to grow from USD 49.94 Bn in 2022 to USD 86.15 Bn in 2029 at a CAGR of 8.1 percent.
Energy Efficient Lighting Market Report Scope and Research Methodology
The Energy Efficient Lighting Market research provides a comprehensive market segmentation analysis along with market estimation for the period 2023-2029. The dynamics section in the report provides detailed information on the market drivers, opportunities, restraints, challenges and advantages. The report focuses on the trends and growth prospects of the Energy Efficient Lighting industry. To understand the impact of the various factors on the Energy Efficient Lighting Market, Porter’s five forces analysis is provided in the report. These factors include the bargaining power of suppliers, the competitive intensity of competitors, the threat of substitutes, the threat of new entrants and the bargaining power of buyers, which makes the Energy Efficient Lighting Market report an investor’s guide. SWOT analysis was conducted to provide the strengths and weaknesses of the Energy Efficient Lighting Market, while PORTER, PESTEL analysis was employed to understand the potential impact of macro-economic and micro-economic factors influencing the market.
Energy Efficient Lighting Market Dynamics
The market is primarily driven by the technological advancements in the lighting systems and increasing need for reducing carbon emissions to curb global warming. The Energy Efficient Lighting market is also driven by the increasing demand for smart lighting solutions to enhance security and safety. During the forecast period, the market is expected to be driven by the rising consumer awareness toward energy-saving products.
The factors that are hampering the market growth are the high costs and limited efficiency for applications that require heat sensitivity. The increasing expense of testing is also expected to hamper the market growth in future.
Get a Sample Copy of the Report: https://www.maximizemarketresearch.com/request-sample/33568
Energy Efficient Lighting Market Regional Insights
The North America region held more than one-third of the global Energy Efficient Lighting Market. This dominance was due to the increased production of energy efficient lamps.
During the forecast period, the Energy Efficient Lighting Market in the Asia Pacific region is expected to grow at a high rate. The region emerged as a second largest market in 2022 majorly due to the high investments in modern lightening technologies.
Energy Efficient Lighting Market Segmentation
By Lighting Source
Energy Efficient Lighting Key Competitors include:
Table of Content for Global Energy Efficient Lighting Market
Get the Sample PDF of Report: https://www.maximizemarketresearch.com/request-sample/33568
Key questions answered in the Energy Efficient Lighting Market are:
Key Offerings:
Maximize Market Research is leading Energy & Power research firm, has also published the following reports:
Energy-efficient Lighting Technology Market – The market size is expected to reach USD 377.74 billion by 2029 at a CAGR of 8.1 percent during the forecast period. The market is expected to be driven by the increasing government initiatives towards the appropriation of energy-efficient solutions along with green building initiatives in various countries.
Lighting Transformer Market – The market size is expected to reach USD 3 billion by 2029 at a CAGR of 5.4 percent during the forecast period. The market is expected to be driven by the increasing focus on sustainability and energy efficiency in construction industry.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
Contact Maximize Market Research:
3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
[email protected]
+91 96071 95908, +91 9607365656
Media ContactCompany Name: MAXIMIZE MARKET RESEARCH PVT. LTD.Contact Person: Geeta YevleEmail: Send EmailPhone: +91 9607365656Address:3rd Floor, Navale IT Park, Phase 2, Pune Banglore Highway, Narhe,City: PuneState: MaharashtraCountry: IndiaWebsite: https://www.maximizemarketresearch.com/market-report/global-energy-efficient-lighting-market/33568/