Energy-efficient lighting entails getting more light from fewer bulbs by replacing high-power-consumption lights like incandescents and high-pressure sodium lamps, for example. This is also used in a variety of control technologies, such as GPRS or GSM-based controls or SCADA-based controls. Investments in the market for energy-efficient lamps and ballasts have already resulted in substantial reductions in global energy demand. The market for energy-efficient lamps and ballasts is constantly introducing new products that provide multiple benefits by reducing or limiting energy consumption, as well as a reduction in both international and domestic pressure on energy production and supply systems, resulting in increased system flexibility. This can also have a positive economic impact, such as redirecting funds previously spent on energy production and supply to other economic sectors and lowering government spending.This growth is primarily driven by Rising Demand for Energy-Efficient Lighting Products and Increasing Awareness Among People About Energy Saving Products.
Globally, a noticeable market trend is evident Smart Lighting in Smart Homes. Major Players, such as Savant Systems (United States), OSRAM Licht AG (Germany), Royal Philips Electronics N.V. (Netherlands), Seoul Semiconductor Co., Ltd. (South Korea), General Electric Company (United States), Applied Materials, Inc. (United States), Toyoda Gosei Co., Ltd. (Japan), TCP International Holdings Ltd. (Switzerland), Topanga Technologies, Inc. (United States), Ceravision Ltd (United Kingdom) and SYSKA LED (India) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
July 2020 – Savant Systems Inc, has completed the acquisition of GE Lighting from GE creating GE Lighting, a Savant company. This acquisition will support both these companies to provide unique and cost-effective intelligent lighting and smart home solutions to its customers.
- Rising Demand for Energy-Efficient Lighting Products
- Increasing Awareness Among People About Energy Saving Products
- Smart Lighting in Smart Homes
High Demand Driven By the Modernization and Development of Infrastructures Such as Smart Cities and Development of Wireless Technology for Street Lighting Systems
Various Alternatives Available
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Energy Efficient Lamps and Ballasts Study Sheds Light on
— The Energy Efficient Lamps and Ballasts Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Energy Efficient Lamps and Ballasts industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
— Where Energy Efficient Lamps and Ballasts industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
— How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.