Energy efficient lighting is an energy-saving lighting solution that requires less energy to work along with maintaining the good quality and quantity of lighting. There are halogen incandescent lights, linear fluorescent lamps (LFL), light-emitting diodes (LED), and compact fluorescent lamps (CFL) lighting solutions, these are considered the most effective and efficient lights giving proper illumination with less power consumption. The energy efficient lighting is used widely in residential, commercial, and industrial applications.This growth is primarily driven by Need for Less Energy-Consuming Commercial Lighting Solutions and Growing Demand for Economically Efficient Lighting Solutions.
Globally, a noticeable market trend is evident Increasing Consumption of Energy Efficient Light Emitting Diodes (LED) Bulbs
. Major Players, such as Koninklijke Philips N.V. (Netherlands), Osram Licht AG (Germany), Acuity Brands, Inc. (United States), Cooper Lighting, LLC (Signify) (United States), GE Lighting (Savant Compay) (United States), Cree, Inc. (United States), Nichia Corporation (Japan), Lunera Lighting, Inc. (United States), Soraa, Inc. (Ecosense) (United States), Hubbell Lighting, Inc. (Hubbell Incorporated) (United States) and Shenzhen Spotlighting (China) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On 22nd November 2019, Shenzhen spotlighting is one of the leading global LED light manufacturers and the company has released a variety of LED lights in its energy-saving series in order to provide energy-efficient lighting solutions to customers all over the world. The LED light bulbs are an innovation in technology as compared to the traditional incandescent bulbs.
"The regulation needs to specify the minimum performance levels that will be required. Manufacturers then develop products meeting or exceeding these requirements. Note that the performance requirements could be one level at one point in time, or could be multiple levels, phased in over a longer period of time. The multiple levels approach offers more planning horizon to manufacturers, but a greater degree of regulatory uncertainty when setting the standards as to what level of ambition might be appropriate five to six years into the future."
- Need for Less Energy-Consuming Commercial Lighting Solutions
- Growing Demand for Economically Efficient Lighting Solutions
- Increasing Consumption of Energy Efficient Light Emitting Diodes (LED) Bulbs
- Availability of Energy Efficient Lighting in Various Colors and Patterns
- Expensive Availability of Energy Efficient Lighting
Rising E-commerce Availability of Energy Efficient Lighting and Surging Demand for Energy Efficient Lighting from Developing Nations Around the Globe
New Entrants in the Market with Counterfeit Low-Quality Lighting Solutions Claiming to be Energy Efficient
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