The
field of lighting has witnessed remarkable technology improvements in
the past few years, especially in the area of compact fluorescent lamps
(CFL) and solid state lighting. Conventional incandescent bulbs are
expected to reach obsolescence with the onset of CFL and LEDs (light
emitting diodes).
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LED
lighting is enjoying robust growth because of its exceptional features
that include high energy-efficiency, long operational life and robust
weather resistant design. Lighting accounts for about 18% to 20% of
total energy consumption globally; and about 27% to 30% of total energy
consumed is for domestic purposes. LED lighting applications are likely
to see double-digit growth with the highest market share in overall
lighting market post 2020. On the contrary, growth of office and
industrial applications of LED lighting will be slower due to the
existing high penetration of cost-competitive CFLs and fluorescent
lamps.
Compact
fluorescent lamps (CFL) are about 70% more energy efficient than
incandescent light bulbs. The advantages of CFL include improved light
quality and longer operational life in comparison to incandescent lamps.
Additionally, CFLs give healthier concentrated light than linear
fluorescent and their sizes are just about one-fourth of the size of
conventional fluorescent lamps. CFLs help fight global warming as their
electricity consumption is appreciably lower than that of incandescent
bulbs. Each CFL is expected to slash carbon dioxide emissions by about
1,300 lbs over its lifetime. CFLs cost a little more up front, but still
offer more savings than incandescent bulbs by using less electricity.
Full spectrum fluorescent lighting may also benefit the immune system,
and thus improve general health and well-being.
Our
report covers the key energy-efficient lighting technologies that
include Light Emitting Diode (LED), Fluorescent and Compact Fluorescent
Lamp (CFL).
The
report has covered in-depth energy-efficiency lighting market on the
basis of correlated color temperature (CCT). The report also covers all
the major products, applications, ingredients, and submarkets under each
of these technologies. We have conducted an exhaustively geographic
analysis for the major regional markets, viz. the U.S, Europe, Asia, and
Rest of the World (ROW). We have not included conventional power
consuming technologies like incandescent and halogen lighting
technologies.