ENERGY EFFICIENT LIGHTING TECHNOLOGY MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

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)

In August 2023, Philips, a leading global provider of innovative lighting solutions, announced the launch of its latest smart LED lighting products, which feature advanced connectivity and energy-saving capabilities. These products can be controlled through a mobile app, enabling users to customize settings for optimal efficiency.
In July 2023, ams OSRAM, a leading global provider of innovative optoelectronic solutions, unveiled a new series of organic LED (OLED) panels designed for architectural and automotive lighting applications. These advanced panels offer improved energy efficiency and design flexibility, catering to the aesthetic demands of modern lighting solutions.
In May 2023, Cree Lighting, a leading innovator in LED lighting solutions, announced the release of its next-generation LED street lights designed to maximize energy efficiency and extend lifespan. These advanced lights contribute to smart city initiatives by providing reliable and sustainable illumination.
In April 2023, Sylvania, a leading provider of innovative lighting solutions, introduced a new range of eco-friendly LED bulbs made from recyclable materials. These products are designed to minimize environmental impact while delivering long-lasting lighting solutions for both residential and commercial applications.