Commercial Fluorescent Lighting Market: Overview
Fluorescent lighting is a device that uses set of chemical
reaction inside a glass structure for illumination. The reaction occurs between
mercury vapour and gas. This results in emission of UV light. Further, the
light illuminates the phosphor powder placed inside the enclosed glass
structure. This, eventually, result in fluorescent light effect.
Energy efficiency and cost-effective product are key factors
driving growth of the market value. The fluorescent lighting is adopted across
the globe because of their high illuminating capabilities. Rapid
industrialization is likely to act as a significant driving factor.
On the other hand, inflow of upcoming alternatives of
lighting products and high instalment cost are likely to interfere with the
growth rate of commercial
fluorescent lighting market in coming years. In addition,
adverse effect of commercial fluorescent lighting on human beings, surrounding
environment, delay in achieving full brightness due to radio interference, and
its inefficiency at extreme temperatures are some of the major challenges posing
threat to expansion of the global commercial fluorescent lighting market.
The upcoming report on commercial fluorescent lighting
market provides insights about various factors affecting growth of the
market during forecast period (2019-2029). The market intelligence report also
provides details about restraining factors that are likely to interfere with
growth of commercial fluorescent lighting market.
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“Commercial Fluorescent Lighting Market” at: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=594
Commercial Fluorescent Lighting Market: Notable
Developments
In May 2018, Acuity Brands Lighting inc. acquired IOTA
Engineering LLC. The acquisition was done with aim to mark its presence in
several regions. Also, the acquisition will aid to enhancement of smart
lighting and building solutions.
Likewise, in April 2018, LEDVANCE Gmbh stated its
acquisition by MLS. LEDVANCE. However, it will continue to operate as a German
Gmbh. The company will be situated at the same headquarters. In addition, the
acquisition will aid to widen product portfolio of both the companies and
enhance their product quality.
Some of the key
players operating in the global commercial fluorescent lighting market are-
-
Koninklijke Philips N.V.
-
Visa Lighting
-
Amerlux
-
SORAA
-
GENERAL ELECTRIC
-
Semiconductor Co. Ltd.
-
Technical Consumer Products Inc.
-
Energy Focus
-
Intematix Corporation
-
Acuity Brands Lighting Inc.
-
Hubbell
-
Waldmann Group
-
AFX Inc
-
LEDVANCE GmbH
-
Eaton
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Commercial Fluorescent Lighting Market: Key Trends
Advancement in lifestyle and rapid urbanization are key
trends driving commercial fluorescent lighting market. It is highly
economical and provides higher lumen efficacy. These are prominent
factors pushing the adoption rate of fluorescent lighting.
Commercial Fluorescent Lighting Market: Regional Analysis
The commercial fluorescent market is widespread in North
America, Latin America, Europe, Asia Pacific, and Middle East Asia Pacific.
Latin America is likely to hold significant share in the global commercial
fluorescent lighting market. The significance is attributed to growing
industrialization, escalating demand for electricity, and growing population in
the region. On the other hand, high installation cost and alternative products
might affect the growth trajectory of the regional market.
Further, Asia Pacific regional market seems to be a
promising one. The market is likely to contribute significantly to growth of
the global commercial fluorescent lighting market. Owing to growing
urbanization, high electrification rate in developing economies, and rise in
per capita income are likely to push the adoption rate of fluorescent lighting
in the region.
The report sheds
light on various aspects and answers pertinent questions on the market. Some of
the important ones are:
1. What can be the best investment choices for venturing
into new product and service lines?
2. What value propositions should businesses aim at while
making new research and development funding?
3. Which regulations will be most helpful for stakeholders
to boost their supply chain network?
4. Which regions might see the demand maturing in certain
segments in near future?
5. What are the some of the best cost optimization
strategies with vendors that some well-entrenched players have gained success
with?
6. Which are the key perspectives that the C-suite are
leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status
of key regional markets?
8. How will the emerging political and economic scenario
affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various
segments?
10. What will be the barrier to entry for new players in the
market?
Have any query?
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