Energy Efficient Lighting Market Advanced Technology and New Innovations by 2030 โ Bridgelux In, Schneider Electric
WILMINGTON, DE , UNITED STATES, April 10, 2024 /EINPresswire.com/ -- The energy efficient lighting market was valued at $46.2 billion in 2021, and is estimated to reach $93.3 billion by 2030, growing at a CAGR of 8.1% from 2022 to 2030.
LED lighting, in particular, has seen a rapid rise in popularity due to its numerous advantages. LEDs consume up to 80% less energy than incandescent bulbs and last significantly longer, reducing the frequency of replacements. Additionally, LED technology allows for more precise control over brightness and color, making it highly versatile for various applications, including residential, commercial, and outdoor lighting.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
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Energy-efficient lighting is a crucial aspect of modern living, as it not only helps to reduce energy consumption but also contributes to environmental conservation efforts. With the increasing awareness of climate change and the need to reduce carbon emissions, the adoption of energy-efficient lighting solutions has become more important than ever.
Traditional incandescent bulbs are notorious for their inefficiency, as they waste a significant amount of energy in the form of heat. In contrast, energy-efficient lighting options such as Light Emitting Diodes (LEDs) and Compact Fluorescent Lamps (CFLs) consume much less energy while providing the same level of illumination. This results in lower electricity bills for consumers and reduced strain on power grids.
๐๐ง๐๐ซ๐ ๐ฒ ๐๐๐๐ข๐๐ข๐๐ง๐ญ ๐๐ข๐ ๐ก๐ญ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ
๐๐ฒ ๐๐จ๐ฎ๐ซ๐๐
โข High-Intensity Discharge Lamps (HID)
โข Linear Fluorescent Lamps (LFL)
โข Light Emitting Diodes (LED)
โขOthers
๐๐ฒ ๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง
โข Home
โข Commercial
โข Industrial
๐๐๐ฒ ๐ ๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐ญ๐ฎ๐๐ฒ:
โข On the basis of source, the light emitting diodes (LED) emerged as the global leader in 2021 and is anticipated to hold the major be the largest market during the forecast period.
โข On the basis of application, the commercial segment emerged as the global leader in 2021 and is anticipated to be the largest market during the forecast period.
โข On the basis of region, Europe is projected to have the fastest growth rate in the energy efficient lighting market during the forecast period.
๐๐ฎ๐ฒ ๐๐จ๐ฐ & ๐๐๐ญ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ ๐๐ง ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ:
https://www.alliedmarketresearch.com/checkout-final/3d4a5deabf9d318e316360d09bf05333
Compared to traditional lighting, energy-efficient lighting helps to reduce electricity demand and is a cost-effective method of lighting. This lighting provides brighter illumination while consuming less energy. It is a replacement for traditional lamps that waste energy in the form of heat and power.
The energy efficeint lighthing growth is primarily due to rising infrastructure progress, particularly in developing countries such as China and India. Furthermore, increased emphasis on infrastructure development, including the modification of existing structures and acceptance of smart life, is expected to boost demand for LED solutions. Investment in smart city projects in Singapore, India, China, Spain, the United Arab Emirates, and Austria is also expected to boost the global energy efficient lighting industry. The government of Dubai (UAE), for example, has announced plans to launch a smart city project that will include more than 100 initiatives to improve transportation, communications, and civil infrastructure. Furthermore, one of the critical factors expected to foster the adoption of energy efficient lighting is government support.
energy-efficient lighting contributes to sustainability by conserving natural resources. Traditional light bulbs often contain hazardous materials such as mercury, which can pose risks to both human health and the environment if not disposed of properly. In contrast, LED and CFL bulbs contain fewer harmful substances and are more easily recyclable, reducing their environmental footprint.
In addition to their energy-saving benefits, energy-efficient lighting solutions offer improved quality of light. LEDs, in particular, produce bright, uniform illumination with excellent color rendering properties, making them ideal for tasks that require accurate color representation, such as reading or cooking. This enhances visibility and comfort for users while reducing eye strain and fatigue.
๐๐๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ฐ๐ข๐ญ๐ก ๐ฒ๐จ๐ฎ'๐ซ๐ ๐๐๐ช๐ฎ๐ข๐ซ๐๐ฆ๐๐ง๐ญ๐ฌ:
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๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
โข Digital Lumens, Inc.
โข Nichia corporation
โข Eaton Corporation
โข Bridgelux, In
โข Schneider Electric
โข General Electric
โข toshiba corporation
โข philips lumec
โข advanced lighting technologies australia inc.
โข ABB
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
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1 https://www.alliedmarketresearch.com/fibre-batteries-market-A47254
2 https://www.alliedmarketresearch.com/alternators-market-A09824
3 https://www.alliedmarketresearch.com/power-grid-market-A14864
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