Custom Market Insights has released a new report on the Fluorescent Lighting Market, predicting significant growth in the industry. The market size was valued at USD 7.88 billion in 2024, expected to reach USD 8.64 billion in 2025, and projected to hit around USD 19.48 billion by 2034, with a CAGR of 9.6%.
The Fluorescent Lighting Market is experiencing growth due to the increasing focus on energy efficiency and sustainable infrastructure. Fluorescent bulbs are popular for new commercial, industrial, and residential applications, offering low energy consumption and eco-friendliness. Policies phasing out incandescent bulbs have also contributed to their popularity.
One key trend driving growth in the fluorescent lighting market is the increasing demand for cleanrooms in various sectors such as healthcare, biotechnology, pharmaceuticals, and electronic manufacturing. Fluorescent tubes are ideal for cleanrooms due to their ability to provide consistent illumination without generating excess heat or particulate emissions.
Another driver of growth in the fluorescent lighting market is the growing prevalence of chronic diseases, leading to increased demand for high-quality lighting solutions in healthcare facilities, biotechnology labs, and semiconductor cleanrooms. Fluorescent lighting offers bright, uniform illumination while minimizing heat and airborne particles, making it ideal for sensitive environments.
Major lighting companies are driving development in the fluorescent lighting market by introducing new product lines focused on longevity, ease of maintenance, and simple replacements. OSRAM and Philips have launched energy-efficient LED replacement tubes and bulbs that offer longer lifespans and simplified retrofit options, catering to various applications such as street lighting and commercial facilities. The global fluorescent lighting market is projected to reach USD 19.48 billion by 2034, with a CAGR growth rate of 9.6%. Companies are focusing on reducing total cost of ownership to stay relevant. Fluorescent lighting offers energy efficiency but faces environmental challenges and competition from LED technology, leading to market decline.
Strengths of fluorescent lighting include energy efficiency and long service life, while weaknesses include environmental impact and performance limitations. Opportunities exist in price-sensitive markets and innovation for efficiency improvements. Threats come from LED technology outperforming fluorescents and regulatory pressure on mercury usage, leading to market contraction. The Fluorescent Lighting Market Report answers key questions about market size, growth rates, top companies, and fastest-growing segments. It offers market share, size, and forecasts, along with market dynamics, segmentation, and competitive landscape. Regional analysis shows North America leading in revenue share, Europe focusing on energy conservation, and Asia-Pacific dominating the market due to strong manufacturing capabilities.
In North America, the US market benefits from retrofitting projects in commercial spaces, while Canada sees a rise in demand for energy-efficient lighting solutions in commercial applications. Europe, particularly Germany, the UK, and France, utilizes fluorescents in retrofitting buildings and emphasizes energy conservation. Asia-Pacific, led by Japan and China, remains the largest market due to industrial and commercial development and a large consumer base still using fluorescent technology. In India, the fluorescent lighting sector is growing due to demand for affordable and efficient lighting in residential and government infrastructure projects. CFLs and linear fluorescent lamps are stable in households, schools, and public buildings.
The LAMEA region, led by Brazil and South Africa, sees moderate growth in the fluorescent lighting market. Despite the rise of LEDs, fluorescent lamps remain popular due to affordability and limited awareness of alternatives.
Brazil’s fluorescent lighting sector is influenced by demand from residential and commercial sectors, especially in urban areas. Middle-income households seek economical lighting options, while government policies promoting energy conservation drive demand.
In South Africa, fluorescent lighting remains popular in residential, public infrastructure, and commercial facilities due to energy shortages and high electricity prices. LED adoption is increasing, but the lower entry price of fluorescent lamps sustains demand in cost-sensitive markets. 1. The stock market saw a significant drop today, with the Dow Jones Industrial Average falling 500 points following news of a trade war escalation between the US and China. This marks the largest single-day drop in over a year, with tech stocks leading the decline.
2. In other news, the latest unemployment numbers show a slight increase in jobless claims, with 215,000 new claims filed last week. Despite this uptick, the overall unemployment rate remains at a historically low 3.6%, indicating a strong job market.
3. A new study published in the Journal of Pediatrics reveals a concerning trend in childhood obesity, with rates continuing to rise in the US. The study found that 18.5% of children and adolescents are now considered obese, highlighting the need for more effective prevention and intervention strategies.
4. On the international front, tensions are escalating in the Middle East as Iran announces plans to exceed limits on its enriched uranium stockpile set by the 2015 nuclear deal. This move comes in response to increased pressure from the US, raising concerns about the future of the agreement.
5. In more positive news, a groundbreaking new treatment for Alzheimer’s disease is showing promising results in clinical trials. The drug, known as Aducanumab, has been found to significantly reduce levels of amyloid plaque in the brain, offering hope for millions of patients suffering from this debilitating condition. 1. The stock market reached record highs today, with the S&P 500 closing at 4,000 points for the first time ever. This milestone comes as investors remain optimistic about the economic recovery and the rollout of COVID-19 vaccines.
2. In other news, the unemployment rate dropped to 6% in March, the lowest level since the start of the pandemic. The economy added 916,000 jobs last month, surpassing expectations and providing a much-needed boost to the labor market.
3. On the international front, tensions continue to escalate between Russia and Ukraine, with reports of increased military activity near the border. The United States and European Union have expressed concern over the situation, calling for a peaceful resolution to the conflict.
4. Meanwhile, tech giant Amazon announced plans to invest $300 million in affordable housing near its headquarters in Seattle. The initiative aims to address the housing crisis in the city and provide more opportunities for low-income residents to find stable housing.
5. Lastly, NASA’s Perseverance rover successfully extracted oxygen from the Martian atmosphere for the first time. This groundbreaking achievement could pave the way for future manned missions to Mars and help sustain human life on the red planet. 1. The stock market reached record highs today, with the Dow Jones Industrial Average closing at 30,000 points for the first time ever. This milestone comes amid positive news about potential COVID-19 vaccines and a strong outlook for the economy.
2. In a groundbreaking discovery, scientists have found water on the moon’s sunlit surface for the first time. This finding opens up new possibilities for future lunar exploration and could provide valuable resources for future missions to the moon and beyond.
3. The United Nations has issued a warning about the growing threat of climate change, citing a recent report that shows greenhouse gas emissions are at record levels. The report calls for urgent action to reduce emissions and mitigate the impacts of global warming on the planet.
4. Tesla’s CEO, Elon Musk, has surpassed Bill Gates to become the second-richest person in the world. Musk’s wealth has soared due to the success of Tesla’s stock, which has surged in recent months. This milestone further solidifies Musk’s position as a leading figure in the tech industry.
5. In sports news, the Los Angeles Lakers have signed LeBron James to a two-year contract extension worth $85 million. James, who led the Lakers to their 17th NBA championship last season, will continue to be a key player for the team as they aim for another title in the upcoming season.
Read more at GlobeNewswire: [Latest] Global Fluorescent Lighting Market Size/Share