Energy Efficient Lighting Technology Market, By Technology (LED (Light Emitting Diode), CFL (Compact Fluorescent Lamp), Halogen, and Others), By Application (Residential, Commercial, Industrial, Outdoor, and Others), By End User (Households, Retail, Hospitality, Healthcare, Education, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Sep 2024

Code : CMI7382

Pages :171

Formats :

Excel and PDF

Industry : Energy

Market Concentration and Competitive Landscape

Energy Efficient Lighting Technology Market Concentration By Players

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Government regulations and incentives promoting energy savings

Parallel measures include phasing out incandescent bulbs and forcing upgrading of street lights, traffic signals and public infrastructure to LEDs or other low-power technologies. Strict timelines have been provided for full transition. Non-compliant items face import/export restrictions or high taxation. Such mandates drives lighting industry towards globally recognized efficient designs and driving prices down through economies of scale.

Financial incentives widely used by governments include rebates on efficient lighting, lower taxes on LEDs and exemptions on custom duties. Many administer rebate programs, providing direct price discounts for high-performance bulbs, tubes or luminaries. Energy efficient mortgages at lower interest rates have encouraged home efficiency upgrades including efficient lighting installations. Grants are allocated to cities and organizations retrofitting streets, public spaces and infrastructure. Carbon credits or tradable renewable energy certificates have promoted large scale commercial and industrial lighting energy makeovers.

Strict mandates combined with attractive financial carrots have proved highly impactful in accelerating adoption. Compliance is closely monitored and defaulters penalized, thus, providing regulations added strength. Most incentives are temporary but sufficient to firmly establish efficient lighting in mainstream usage. These promote local industries, jobs and sustainable development priorities. Collective efforts of public and private stakeholders have enabled many nations transition significantly towards efficiently lit future.

Key Players Insights