Energy Efficient Lighting Technology Market is booming: expected to attain a market size of USD 173.

Improvements in the past few years in the area of solid state lighting and CFL are expected to boost the global energy efficient technology market. The report estimates the energy-efficient technology market to grow at a CAGR of 7.9% during the period from 2011 to 2016. The valuation of the market has been also estimated in the report.

The report provides a brief market overview, mentioning the major lighting issues across the globe, global trends, and consumer preference. Three major energy efficient lighting technologies – LED, CFL, and fluorescent – have been discussed in detail. The report further points out the drivers, restraints, and opportunities regarding the market for each of these technologies.

The report studies segments of the market on the basis of correlated color temperature (CCT), application, and geography. In-depth analysis of the technologies in various ranges of correlated color temperature has been mentioned in the report, to understand their influence on lighting applications.

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Overview of global energy efficient lighting technology market

With the increased usage of CFL and LED, traditional incandescent bulbs are expected to become obsolete. The report cites the increased usage of LED lighting applications due to their higher energy efficiency and longer lifetime. The report estimates the LED segment to be the fastest growing segment of the global energy efficient lighting technology market. However, the report points out that the high cost of LED coupled with lack of suitability for heat-sensitive applications is expected to hamper the LED market during the period between 2011 and 2016.

On the other hand, low maintenance cost of CFL is expected to boost the CFL market across the globe. The report covers CFL performance and quality criteria, and discusses the CFL programs around the globe. The report points out that the mercury content in CFL lamps is expected to negatively affect the overall CFL market. The report studies the fluorescent light market and indicates that the suitability issues associated with fluorescent lights for outdoor use in cold weather will hamper market growth. The report compares the energy efficiencies of the three lighting technologies. The cost and performance of the energy efficient lighting sources have also been analyzed in the report.

The report studies the energy efficient lighting sources under various ranges of correlated color temperature in different geographical segments. According to the report, correlated color temperature in the range of 5000K-6500K is expected to dominate the overall efficient energy lighting market.

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The major regional markets covered in the report are Asia, Europe, the U.S., and Rest of the World. The report points out that though U.S. will emerge as one of the largest markets for LED by 2016, Asian countries will witness fastest growth in the LED market.

Companies mentioned in the research report:

The report profiles the major players operating in the global energy-efficient lighting technology market, such as Royal Philips Electronics, GE Lighting, Cooper Lighting, Bridgelux Inc., Nichia Corporation, Osram, and Cree Inc. The report covers the major energy efficient lighting products of the key players in the market.

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