Fluorescent Lighting Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (T8 Fluorescent Lamps, T5 Fluorescent Lamps, T12 Fluorescent Lamps)), By Fixture Type (Troffers, Strips, Recessed Fixtures, Suspended Fixtures), By End User (Hospitals, Offices, Retail Spaces, Educational Institutions, Others), By Region, By Competition, 2019-2029F

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Summary

Report Description

Forecast Period

2025-2029

Market Size (2023)

USD 7.26 billion

Market Size (2029)

USD 12.66 billion

CAGR (2024-2029)

9.54%

Fastest Growing Segment

T5 Fluorescent Lamps

Largest Market

North America

Market Overview

Global Fluorescent Lighting market has experienced tremendous growth in recent years and is poised to maintain strong momentum through 2029. The market was valued at USD 7.26 billion in 2023 and is projected to register a compound annual growth rate of 9.54% during the forecast period.

The fluorescent lighting market is undergoing significant expansion driven by its enduring relevance in diverse industries and evolving technological advancements. With its proven track record of energy efficiency and long lifespan, fluorescent lighting continues to be a preferred choice across commercial, industrial, and residential sectors. However, its growth trajectory extends beyond traditional applications, with emerging sectors such as horticulture, healthcare, and automotive lighting adopting fluorescent solutions for specialized needs. Technological innovations, including high-efficiency fluorescent lamps (HEFL) and compact fluorescent lamps (CFL), are further augmenting market expansion by enhancing energy efficiency and light quality. Moreover, the introduction of electronic ballasts and advanced phosphor coatings has mitigated issues such as flickering and glare, enhancing the overall user experience. Market dynamics such as stringent regulatory standards for energy efficiency and increasing environmental consciousness are also propelling market growth, as businesses and consumers alike prioritize sustainable lighting solutions. As a result, the fluorescent lighting market presents ample opportunities for manufacturers to capitalize on the growing demand for efficient, environmentally friendly lighting solutions across various industries and applications.

Key Market Driver

Energy Efficiency and Cost Savings Driving Adoption

One of the primary drivers propelling the Fluorescent Lighting Market is the heightened emphasis on energy efficiency and the consequential cost savings for both consumers and businesses. Fluorescent lighting systems, including T8, T5, and T12 lamps, have gained widespread popularity due to their inherently efficient illumination capabilities. Compared to traditional incandescent bulbs, fluorescent lamps consume significantly less energy, translating into reduced electricity bills for end-users. The market's momentum is further fueled by the growing awareness of environmental sustainability, with businesses and consumers seeking lighting solutions that minimize energy consumption and carbon footprints. The inherent efficiency of fluorescent lighting aligns with energy conservation initiatives and regulatory standards globally. As businesses strive to optimize operational costs and adhere to environmental regulations, the Fluorescent Lighting Market stands as a key facilitator, offering lighting solutions that not only contribute to cost savings but also align with the broader goals of energy conservation and sustainability.

Versatility Across Diverse Applications and Environments

The Fluorescent Lighting Market experiences robust growth due to the versatile applicability of fluorescent lighting across a broad spectrum of environments, ranging from residential spaces to commercial and industrial establishments. Fluorescent lamps are available in various types and configurations, making them suitable for diverse applications. In commercial settings, such as offices and retail spaces, fluorescent lighting offers uniform illumination, reducing shadows and creating a well-lit environment conducive to productivity. The healthcare sector benefits from fluorescent lighting's ability to provide bright and evenly distributed light, essential for medical examinations and surgeries. Additionally, in industrial settings where consistent and high-intensity lighting is paramount, fluorescent fixtures, such as troffers and high bay lights, play a crucial role. This adaptability and versatility position fluorescent lighting as a preferred choice for different settings, driving its market growth. The Fluorescent Lighting Market, therefore, thrives on its capacity to cater to the diverse and evolving lighting needs of various sectors, providing efficient and reliable illumination solutions tailored to specific applications.

Technological Advancements Enhancing Performance and Aesthetics

A key driver fueling the Fluorescent Lighting Market is the continuous evolution of technology, leading to advancements that enhance the performance, efficiency, and aesthetics of fluorescent lighting systems. The introduction of newer generations of fluorescent lamps, such as T5 and T8, represents a leap forward in terms of efficiency and longevity. These lamps not only provide better illumination but also have longer lifespans, reducing maintenance costs for end-users. Moreover, technological innovations have addressed historical concerns related to flickering and warm-up times associated with fluorescent lighting, improving overall user experience. The incorporation of electronic ballasts and improved phosphor coatings has contributed to enhanced color rendering, allowing fluorescent lamps to produce a more natural and aesthetically pleasing light. As businesses and consumers seek lighting solutions that not only meet functional requirements but also contribute to ambiance and aesthetics, technological advancements in the Fluorescent Lighting Market play a pivotal role in driving adoption. This dynamic landscape reflects a market responsive to innovations that elevate the performance and visual appeal of fluorescent lighting, solidifying its position as a versatile and technologically advanced lighting solution in the broader illumination industry.


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Key Market Challenges

Increasing Competition from LED Lighting Solutions

A significant challenge confronting the Fluorescent Lighting Market is the escalating competition posed by the widespread adoption of Light Emitting Diode (LED) lighting solutions. LED technology has rapidly evolved, offering numerous advantages over traditional fluorescent lighting, such as higher energy efficiency, longer lifespan, and greater design flexibility. The burgeoning popularity of LEDs is attributable to their energy-saving features, which result in reduced electricity consumption and lower operating costs for end-users. LEDs also outperform fluorescents in terms of instant start-up, durability, and the absence of hazardous materials like mercury. As the lighting industry undergoes a paradigm shift towards sustainability and energy conservation, businesses and consumers are increasingly favoring LED lighting, thereby posing a formidable challenge to the Fluorescent Lighting Market. To address this challenge, manufacturers in the fluorescent lighting sector need to focus on innovation, improving the energy efficiency of their products, and differentiating their offerings to meet specific niche requirements where fluorescent lighting still holds advantages. Additionally, strategic marketing efforts to educate consumers about the benefits and advancements in fluorescent technology can play a crucial role in mitigating the impact of LED competition.

Environmental Concerns and Mercury Content

Another significant challenge for the Fluorescent Lighting Market revolves around environmental concerns, particularly related to the mercury content in fluorescent lamps. While fluorescent lighting is renowned for its energy efficiency, the presence of mercury poses environmental and health challenges. Mercury is a hazardous material that can have detrimental effects on ecosystems and human health if not properly managed during disposal. This environmental impact has led to increased scrutiny and regulations regarding the safe disposal and recycling of fluorescent lamps. The challenge lies in creating awareness and establishing effective recycling programs to ensure responsible disposal. Furthermore, the environmental concerns associated with mercury content have fueled the preference for LED lighting, which is mercury-free. To address this challenge, manufacturers in the Fluorescent Lighting Market must invest in research and development to minimize mercury content in lamps, explore alternative materials, and actively promote recycling initiatives. Collaborative efforts with regulatory bodies, environmental organizations, and waste management authorities are essential to mitigate the environmental impact of fluorescent lighting, thereby ensuring the market's sustainability in the face of heightened environmental awareness and stringent regulations.

Key Market Trends

Sustainability and Circular Economy Integration

A prominent trend shaping the Fluorescent Lighting Market is the increasing focus on sustainability and the integration of circular economy principles. As businesses and consumers become more environmentally conscious, there is a growing demand for lighting solutions that align with sustainable practices. In response, the Fluorescent Lighting Market is witnessing a trend toward adopting circular economy models, emphasizing product life extension, reuse, and recycling. Manufacturers are exploring ways to minimize environmental impact by enhancing lamp recyclability, reducing hazardous materials, and implementing responsible disposal practices. This trend not only addresses ecological concerns associated with fluorescent lighting but also positions the market as a participant in the broader movement toward sustainable and circular business practices.

Advanced Phosphor Coatings for Enhanced Performance:

An evolving trend in the Fluorescent Lighting Market is the continuous development of advanced phosphor coatings to enhance the performance and visual appeal of fluorescent lamps. Phosphor coatings play a crucial role in influencing color temperature, color rendering, and overall light quality. Manufacturers are investing in research and development to formulate phosphor coatings that improve color consistency, reduce flickering, and provide a more natural and aesthetically pleasing illumination. This trend caters to the demand for enhanced lighting experiences in various applications, from commercial and industrial settings to residential spaces. The integration of advanced phosphor technologies positions fluorescent lighting as a competitive and technologically advanced solution in the broader lighting industry, addressing historical concerns and meeting the expectations of businesses and consumers for superior lighting performance.

Retrofitting Initiatives for Energy Efficiency

A notable trend in the Fluorescent Lighting Market is the growing focus on retrofitting initiatives aimed at improving energy efficiency and extending the lifespan of existing fluorescent lighting systems. With sustainability at the forefront of industry priorities, businesses and facility managers are exploring cost-effective ways to enhance the efficiency of their lighting infrastructure without undergoing complete replacements. Retrofitting involves upgrading existing fixtures with energy-efficient components, such as electronic ballasts and high-performance phosphor coatings, to optimize energy consumption and reduce operational costs. This trend aligns with the broader movement toward energy conservation and provides a viable solution for those seeking to maintain the advantages of fluorescent lighting while improving overall efficiency. As retrofitting gains traction across various sectors, the Fluorescent Lighting Market is witnessing increased demand for retrofit kits and solutions, positioning itself as a facilitator of energy-efficient lighting upgrades in both commercial and industrial applications.

Segmental Insights

By Type Insights

The T8 fluorescent lamps segment dominated the global Fluorescent Lighting Market in 2023 and is expected to maintain its dominance during the forecast period. T8 fluorescent lamps accounted for nearly 45% share of the overall market revenue in 2023 owing to their energy efficiency and long operational life. T8 lamps consume 25% less energy as compared to traditional T12 lamps and last nearly twice as long. They also produce higher light output with better color rendering. These advantages have made T8 lamps a popular choice for commercial lighting applications across office buildings, retail stores, warehouses, and manufacturing facilities. Additionally, the ongoing replacement of outdated T12 systems with more efficient T8 lamps continues to drive the demand. While T5 lamps are gaining traction due to their compact size and suitability for specialized applications like shelving and display lighting, the T8 segment is expected to remain the largest over the coming years as it offers the best balance of performance, lifespan and cost effectiveness for general-purpose fluorescent lighting needs. The widespread integration of T8 lamps across major end-use sectors positions them as the dominant segment in the global Fluorescent Lighting Market landscape.



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Regional Insights

The Asia Pacific region dominated the global Fluorescent Lighting Market in 2023 based on region and is expected to maintain its dominance during the forecast period. Asia Pacific accounted for over 35% of the total market revenue in 2023. This large share is attributed to the presence of some of the world's largest and fastest growing economies like China and India that are rapidly industrializing. The region is witnessing significant growth in the construction, manufacturing and automotive sectors which are key end-users of fluorescent lighting solutions. Additionally, government initiatives to upgrade infrastructure and promote energy efficiency are driving the replacement of outdated lighting with new efficient technologies. Countries like China, Japan and South Korea are also major global hubs for electronics and semiconductor manufacturing that demands Fluorescent Lighting. The large population and urbanization rate throughout Asia Pacific amplify the demand for commercial lighting. With ongoing industrial expansion and infrastructure development projects in Asia Pacific nations, the regional market is projected to continue dominating globally. While regions like North America and Europe will also grow steadily due to retrofitting programs, Asia Pacific is expected to maintain the highest market share during the forecast period on account of strong economic growth, rising standards of living and increasing investments in new construction.

Recent Developments

  • In December 2023, faced with declining sales and earnings, Signify underwent a restructuring initiative, dividing its operations into four distinct sales divisions. This restructuring involved the creation of a separate group for OEM (Original Equipment Manufacturer) operations, while maintaining three distinct units dedicated to end-users. These units focused on professional LED, consumer LED, and conventional lighting categories, such as fluorescent lighting. This strategic realignment aims to streamline operations, enhance focus on specific market segments, and drive improved performance amid challenging market conditions.

Key Market Players

  • Signify N.V
  • OSRAM GmbH
  • Acuity Brands, Inc
  • Panasonic Holdings Corporation
  • Crompton Greaves Consumer Electricals Limited
  • Feilo Sylvania Group
  • Toshiba Lighting & Technology Corporation
  • Bajaj Electricals Limited
  • Eaton Corporation plc
  • Savant Technologies LLC

By Type 

By Fixture Type

By End User

By Region
  • T8 Fluorescent Lamps
  • T5 Fluorescent Lamps
  • T12 Fluorescent Lamps
  • Troffers
  • Strips
  • Recessed Fixtures
  • Suspended Fixtures
  • Hospitals
  • Offices
  • Retail Spaces
  • Educational Institutions
  • Others
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Fluorescent Lighting Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Fluorescent Lighting Market, By Type:

o   T8 Fluorescent Lamps

o   T5 Fluorescent Lamps

o   T12 Fluorescent Lamps

  • Fluorescent Lighting Market, By Fixture Type:

o   Troffers

o   Strips

o   Recessed Fixtures

o   Suspended Fixtures

  • Fluorescent Lighting Market, By End User:

o   Hospitals

o   Offices

o   Retail Spaces

o   Educational Institutions

o   Others

  • Fluorescent Lighting Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Kuwait

§  Turkey

§  Egypt

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Fluorescent Lighting Market.

Available Customizations:

Global Fluorescent Lighting Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Fluorescent Lighting Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Formulation of the Scope

2.4.  Assumptions and Limitations

2.5.  Types of Research

2.5.1.    Secondary Research

2.5.2.    Primary Research

2.6.  Approach for the Market Study

2.6.1.    The Bottom-Up Approach

2.6.2.    The Top-Down Approach

2.7.  Methodology Followed for Calculation of Market Size & Market Shares

2.8.  Forecasting Methodology

2.8.1.    Data Triangulation & Validation

3.    Executive Summary

4.    Voice of Customer

5.    Global Fluorescent Lighting Market Overview

6.    Global Fluorescent Lighting Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Type (T8 Fluorescent Lamps, T5 Fluorescent Lamps, T12 Fluorescent Lamps)

6.2.2.    By Fixture Type (Troffers, Strips, Recessed Fixtures, Suspended Fixtures)

6.2.3.    By End User (Hospitals, Offices, Retail Spaces, Educational Institutions, Others)

6.2.4.    By Region

6.3.  By Company (2023)

6.4.  Market Map

7.    North America Fluorescent Lighting Market Outlook

7.1.  Market Size & Forecast      

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Type  

7.2.2.    By Fixture Type

7.2.3.    By End User

7.2.4.    By Country

7.3.  North America: Country Analysis

7.3.1.    United States Fluorescent Lighting Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Type  

7.3.1.2.2.           By Fixture Type

7.3.1.2.3.           By End User

7.3.2.    Canada Fluorescent Lighting Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Type  

7.3.2.2.2.           By Fixture Type

7.3.2.2.3.           By End User

7.3.3.    Mexico Fluorescent Lighting Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Type  

7.3.3.2.2.           By Fixture Type

7.3.3.2.3.           By End User

8.    Europe Fluorescent Lighting Market Outlook

8.1.  Market Size & Forecast      

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Type  

8.2.2.    By Fixture Type

8.2.3.    By End User

8.2.4.    By Country

8.3.  Europe: Country Analysis

8.3.1.    Germany Fluorescent Lighting Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Type  

8.3.1.2.2.           By Fixture Type

8.3.1.2.3.           By End User

8.3.2.    United Kingdom Fluorescent Lighting Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Type  

8.3.2.2.2.           By Fixture Type

8.3.2.2.3.           By End User

8.3.3.    Italy Fluorescent Lighting Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Type  

8.3.3.2.2.           By Fixture Type

8.3.3.2.3.           By End User

8.3.4.    France Fluorescent Lighting Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Type  

8.3.4.2.2.           By Fixture Type

8.3.4.2.3.           By End User

8.3.5.    Spain Fluorescent Lighting Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Type  

8.3.5.2.2.           By Fixture Type

8.3.5.2.3.           By End User

9.    Asia-Pacific Fluorescent Lighting Market Outlook

9.1.  Market Size & Forecast      

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Type  

9.2.2.    By Fixture Type

9.2.3.    By End User

9.2.4.    By Country

9.3.  Asia-Pacific: Country Analysis

9.3.1.    China Fluorescent Lighting Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Type  

9.3.1.2.2.           By Fixture Type

9.3.1.2.3.           By End User

9.3.2.    India Fluorescent Lighting Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Type  

9.3.2.2.2.           By Fixture Type

9.3.2.2.3.           By End User

9.3.3.    Japan Fluorescent Lighting Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Type  

9.3.3.2.2.           By Fixture Type

9.3.3.2.3.           By End User

9.3.4.    South Korea Fluorescent Lighting Market Outlook

9.3.4.1.        Market Size & Forecast

9.3.4.1.1.           By Value

9.3.4.2.        Market Share & Forecast

9.3.4.2.1.           By Type  

9.3.4.2.2.           By Fixture Type

9.3.4.2.3.           By End User

9.3.5.    Australia Fluorescent Lighting Market Outlook

9.3.5.1.        Market Size & Forecast

9.3.5.1.1.           By Value

9.3.5.2.        Market Share & Forecast

9.3.5.2.1.           By Type  

9.3.5.2.2.           By Fixture Type

9.3.5.2.3.           By End User

10. South America Fluorescent Lighting Market Outlook

10.1.            Market Size & Forecast        

10.1.1. By Value

10.2.            Market Share & Forecast

10.2.1. By Type  

10.2.2. By Fixture Type

10.2.3. By End User

10.2.4. By Country

10.3.            South America: Country Analysis

10.3.1. Brazil Fluorescent Lighting Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Type  

10.3.1.2.2.         By Fixture Type

10.3.1.2.3.         By End User

10.3.2. Argentina Fluorescent Lighting Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Type

10.3.2.2.2.         By Fixture Type

10.3.2.2.3.         By End User

10.3.3. Colombia Fluorescent Lighting Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Type

10.3.3.2.2.         By Fixture Type

10.3.3.2.3.         By End User

11. Middle East and Africa Fluorescent Lighting Market Outlook

11.1.            Market Size & Forecast        

11.1.1. By Value

11.2.            Market Share & Forecast

11.2.1. By Type

11.2.2. By Fixture Type

11.2.3. By End User

11.2.4. By Country

11.3.            MEA: Country Analysis

11.3.1. South Africa Fluorescent Lighting Market Outlook

11.3.1.1.     Market Size & Forecast

11.3.1.1.1.         By Value

11.3.1.2.     Market Share & Forecast

11.3.1.2.1.         By Type

11.3.1.2.2.         By Fixture Type

11.3.1.2.3.         By End User

11.3.2. Saudi Arabia Fluorescent Lighting Market Outlook

11.3.2.1.     Market Size & Forecast

11.3.2.1.1.         By Value

11.3.2.2.     Market Share & Forecast

11.3.2.2.1.         By Type

11.3.2.2.2.         By Fixture Type

11.3.2.2.3.         By End User

11.3.3. UAE Fluorescent Lighting Market Outlook

11.3.3.1.     Market Size & Forecast

11.3.3.1.1.         By Value

11.3.3.2.     Market Share & Forecast

11.3.3.2.1.         By Type

11.3.3.2.2.         By Fixture Type

11.3.3.2.3.         By End User

11.3.4. Kuwait Fluorescent Lighting Market Outlook

11.3.4.1.     Market Size & Forecast

11.3.4.1.1.         By Value

11.3.4.2.     Market Share & Forecast

11.3.4.2.1.         By Type

11.3.4.2.2.         By Fixture Type

11.3.4.2.3.         By End User

11.3.5. Turkey Fluorescent Lighting Market Outlook

11.3.5.1.     Market Size & Forecast

11.3.5.1.1.         By Value

11.3.5.2.     Market Share & Forecast

11.3.5.2.1.         By Type

11.3.5.2.2.         By Fixture Type

11.3.5.2.3.         By End User

11.3.6. Egypt Fluorescent Lighting Market Outlook

11.3.6.1.     Market Size & Forecast

11.3.6.1.1.         By Value

11.3.6.2.     Market Share & Forecast

11.3.6.2.1.         By Type

11.3.6.2.2.         By Fixture Type

11.3.6.2.3.         By End User

12. Market Dynamics

12.1.            Drivers

12.2.            Challenges

13. Market Trends & Developments

14. Company Profiles

14.1.            Signify N.V

14.1.1.            Business Overview

14.1.2.            Key Revenue and Financials 

14.1.3.            Recent Developments

14.1.4.            Key Personnel/Key Contact Person

14.1.5.            Key Product/Services Offered

14.2.            OSRAM GmbH

14.2.1.            Business Overview

14.2.2.            Key Revenue and Financials 

14.2.3.            Recent Developments

14.2.4.            Key Personnel/Key Contact Person

14.2.5.            Key Product/Services Offered

14.3.            Acuity Brands, Inc

14.3.1.            Business Overview

14.3.2.            Key Revenue and Financials 

14.3.3.            Recent Developments

14.3.4.            Key Personnel/Key Contact Person

14.3.5.            Key Product/Services Offered

14.4.            Panasonic Holdings Corporation

14.4.1.            Business Overview

14.4.2.            Key Revenue and Financials 

14.4.3.            Recent Developments

14.4.4.            Key Personnel/Key Contact Person

14.4.5.            Key Product/Services Offered

14.5.            Crompton Greaves Consumer Electricals Limited

14.5.1.            Business Overview

14.5.2.            Key Revenue and Financials 

14.5.3.            Recent Developments

14.5.4.            Key Personnel/Key Contact Person

14.5.5.            Key Product/Services Offered

14.6.            Feilo Sylvania Group

14.6.1.            Business Overview

14.6.2.            Key Revenue and Financials 

14.6.3.            Recent Developments

14.6.4.            Key Personnel/Key Contact Person

14.6.5.            Key Product/Services Offered

14.7.            Toshiba Lighting & Technology Corporation

14.7.1.            Business Overview

14.7.2.            Key Revenue and Financials 

14.7.3.            Recent Developments

14.7.4.            Key Personnel/Key Contact Person

14.7.5.            Key Product/Services Offered

14.8.            Bajaj Electricals Limited

14.8.1.            Business Overview

14.8.2.            Key Revenue and Financials 

14.8.3.            Recent Developments

14.8.4.            Key Personnel/Key Contact Person

14.8.5.            Key Product/Services Offered

14.9.            Eaton Corporation plc

14.9.1.            Business Overview

14.9.2.            Key Revenue and Financials 

14.9.3.            Recent Developments

14.9.4.            Key Personnel/Key Contact Person

14.9.5.            Key Product/Services Offered

14.10.         Savant Technologies LLC

14.10.1.         Business Overview

14.10.2.         Key Revenue and Financials 

14.10.3.         Recent Developments

14.10.4.         Key Personnel/Key Contact Person

14.10.5.         Key Product/Services Offered

15. Strategic Recommendations

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Fluorescent Lighting Market was USD 7.26 billion in 2023.

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In 2023, "troffers" emerged as the dominant segment by fixture type in the Global Fluorescent Lighting Market due to their widespread use in commercial and industrial spaces for uniform illumination and energy efficiency.

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North America became the dominant region in the Global Fluorescent Lighting Market due to stringent energy efficiency regulations and widespread adoption of fluorescent lighting in commercial and residential buildings.

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The major drivers for the Global Fluorescent Lighting Market are stringent energy efficiency standards and the rising adoption of LED technology.

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Sakshi Bajaal

Business Consultant
Press Release

Fluorescent Lighting Market is expected to register a CAGR of 9.54% during the forecast period

Jan, 2024

Fluorescent Lighting Market is increasing due to its energy efficiency, cost-effectiveness, and versatile applicability across residential, commercial, and industrial sectors in the forecast period,

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