Energy Efficient Lighting Market to reach USD 86.15 Bn by 2029, emerging at a CAGR of 8.1 percent and forecast 2023-2029
Because of its compact size, fluorescent lights are commonly employed in limited-space applications. The growing usage of plasma lights in horticulture is reshaping the market for energy-efficient lighting as a whole. Energy-efficient lighting has a long life and high efficiency, ensuring market growth during the projection period. The demand for energy-efficient warehouse lighting, on the other hand, is likely to slow slightly. High costs and poor efficiency for applications requiring heat sensitivity may stymie market expansion in the future. The lack of standards and the rising cost of testing are projected to stymie future market expansion. Energy Efficient Lighting Market Overview: Maximize Market Research has recently unveiled a comprehensive report titled " Energy Efficient Lighting Market 2023-2029," strategically designed as an indispensable resource for gaining profound insights into the comEnergy Efficient Lighting itive landscape of this market. This all-encom