Global Fluorescent Lighting Market – Industry Analysis and Forecast (2020-2027)

Increased energy efficiency compared to incandescent light and a lower price compared to LED lighting are major driving factors behind the growth of market. Rapid industrialization across the globe, high adoption of fluorescent lightings in commercial applications such as in offices, retail stores, shopping mall parking, schools, cafeterias and hallways, growing demand of fluorescent lamps in the outdoor applications such as in pedestrian tunnel and outdoor parking system and surge in the adoption of compact fluorescent lamps are expected to improve the growth of market during forecast period. Fluorescent lighting provides some benefits such as energy efficiency, cost savings, bright illumination for wide area and long light life which are ultimately propelling the growth of market.

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