Fluorescent Lighting Market Research Report - Global Forecast till 2027

Fluorescent Lighting Market Research Report: By Type (Linear Fluorescent Lamps [LFL], Cold Cathode Fluorescent Lamp [CCFL], [Plug-In CFL, Integral CFL, Adapter CFL, Screw-Based CFL, Pin-Mounted]), by Installation (New Installation and Retrofit), By Application (Residential, Commercial, Industrial) and by Region (North America, Europe, Asia-Pacific, Middle East and Africa, South America) - Forecast till 2027

ID: MRFR/SEM/7029-HCR | February 2021 | Region: Global | 111 pages

Market Synopsis


Global Fluorescent Lighting Market was valued at USD 4.87 Billion in 2018; it is expected to reach USD 14.01 Billion by the end of the forecast period at a CAGR of 16.3%.


Fluorescent lighting is a technology that depends on chemical reactions inside the glass tube for creating light. This chemical reaction involves mercury vapors and gases, thereby producing an invisible light. In other words, the fluorescent lamp is more efficient and cooler than incandescent lamps that produce fluorescence of the phosphor coating. This light further illuminates the phosphor powder coating inside of the glass tube which emits white fluorescent light. There are two mechanisms used for fluorescent lamps. In the first method, starter switch and magnetic ballast are used to provide flow of AC current to the lamp. In a circuit, ballast is used for converting the alternating current into a stable and direct stream of electricity.


The increasing demand for environment-friendly lighting technologies and increasing adoption of lighting products with long shelf-life is expected to drive the fluorescent light market during the forecast period. However, initial cost of equipment is expected to restrain the market during the forecast period. increasing use of IoT is expected to become an opportunity for the fluorescent lighting market.


Panasonic corporation developed FCL 22D and FCL 32D, fluorescent circular tubes that provide non-directional light for decorative and functional luminaires. Philips compact fluorescent light (CFL) bulbs offer comfortable and soft light for an inviting atmosphere. These bulbs combine fluorescent lighting with the convenience and popularity of incandescent fixtures.    


Segmentation


The Global Fluorescent Lighting Market has been segmented based on type, installation, application, and region.


By type, the fluorescent lighting market has been segmented into linear fluorescent lamps (LFL), cold cathode fluorescent lamp (CCFL), and compact fluorescent lamps (CFL). The CFL segment has been further segmented into plug-in CFL, integral CFL, adapter CFL, screw-based CFL, and pin-mounted CFL


By installation, the fluorescent lighting market has been segmented into new installation and retrofit.


By application, the fluorescent lighting market has been segmented into residential, commercial, and industrial.


By region, the fluorescent lighting market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.


Regional Analysis


Globally, the fluorescent lighting market has been categorized into five regions—North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. The market in Asia-Pacific is expected to be in the second position and grow at a faster rate during the forecast period due to rapid development in the semiconductor industry, electronic components manufacturing, and wireless technologies across the region. China, Japan, South Korea, and India are expected to dominate the fluorescent lighting market during the forecast period.


Europe is expected to dominate the fluorescent lighting market during the forecast period. Rapid developments in lighting and smart lighting market are expected to dominate the fluorescent lighting market in this region.


North America is expected to occupy the third position in terms of market share due to the early adoption of the latest technologies and the presence of global players such as General Electric Company.The US is expected to dominate the fluorescent lighting market during the forecast period. However, the market in Canada is expected to grow at a higher rate during forecast period.The market in Mexico is expected to grow at stable rate during the forecast period.


Global Fluorescent Lighting Market, USD Billion
 Fluorescent Lighting Market


 Source: MRFR Analysis


Competitive landscape


The global fluorescent lighting market consists of various global, regional, and local service providers who are continually enhancing their product portfolios to enhance their market positions. The major players are likely to strengthen their presence worldwide through the mergers and acquisition of local and regional players for expanding the reach of their solutions during the review period. Improvements in the global economic scenario combined with technological advancements in the emerging economies in India, South Africa, China, Brazil, and Argentina, are likely to fuel the market growth, thereby making it an ideal time for the vendors to expand the fluorescent lighting market to untapped geographies and increase the market share.   


Therefore, vendors must develop new technologies and stay abreast of emerging technologies that could affect the continuing competitiveness of their product lines in the market.


Key Players


The key players in the Fluorescent Lighting Market are OSRAM Licht AG (Germany), General Electric Company (US), Panasonic Corporation (Japan), Schneider Electric SE (France), Bridgelux (US), Cree Inc. (US), Nichia Corporation (Japan), Dialight PLC (US), Eaton Corporation Inc. (US), Emerson Electric Co. (US), Everlight Electronics Co Ltd (Taiwan), Toshiba Lighting and Technology (Japan), and Koninklijke Philips NV (Netherlands), among others.


Intended Audience



  • Component Manufacturers

  • Semiconductor Vendors

  • System Integrators

  • Distribution Centers

  • Software Developers

  • Manufacturing Companies

  • Research Institutes and Organizations

  • Technology Standards Organizations



Frequently Asked Questions (FAQ) :


Plug-In CFL, Integral CFL, Cold Cathode Fluorescent Lamp [CCFL], Screw-Based CFL, Adapter CFL, Linear Fluorescent Lamps [LFL], Pin-Mounted, are the types of fluorescent lighting.

Commercial, industrial and residential are the primary applications given in the report.

Mounting demand for environment-friendly lighting technologies along with the rising adoption of lighting products with longer shelf-life are some of the most important growth-stimulating factors in the market.

The main segments with respect to installation are new installation and retrofit.

Rapid advancements in lighting and the expansion of the smart lighting industry make Europe the top market for florescent lighting.