Rise in Demand for Eco-Friendly Lighting Devices Expected to Drive Global Fluorescent Bulbs Market: Ken Research

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Fluorescent bulbs are highly versatile types of bulbs that use fluorescence to produce visible light. Fluorescent bulbs produce an invisible Ultra-Violet (UV) light by performing many chemical reactions between gases and mercury vapors that are present inside of the glass lamp or tube. Fluorescent lighting is a specific technology that depends on the chemical reactions inside the glass tube to create light. This chemical reaction involves mercury vapors & gases, thus producing an invisible light. In other words, the fluorescent bulb is more efficient & cooler than incandescent lamps that produce fluorescence of the phosphor coating.

Fluorescent bulbs further illuminates the phosphor powder coating inside of the glass tube that emits white fluorescent light. There are two mechanisms are used for fluorescent bulbs. In the first mechanism, starter switch & magnetic ballast are used to provide the flow of alternating current to the lamp. In a circuit, the ballast is utilized to convert the alternating current into a stable & direct stream of electricity.

As per analysis, Global Fluorescent Bulbs Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use the key companies operating in the global fluorescent bulbs market include Crompton Greaves Ltd., Ajanta Manufacturing Limited, General Electric Company, Bajaj Electricals Limited, Feit Electric Company, Koninklijke Philips N.V., Havells India Limited, Osram GmbH, Havells USA, Litetronics International, Wipro Enterprises Limited, Surya Roshni Ltd. and among others. Based on type, fluorescent bulbs market is segmented as Linear Fluorescent Bulbs (LFL) and Compact Fluorescent Bulbs (CFL).  CFL segment holds major share in global market owing to large scale availability of CFLs in a variety of shapes & sizes as per the different applications. CFLs are generally found with screw bases & integral ballasts; these are popular and widely used in household fixtures. In addition, based on application, market is divided into commercial and residential.

The fluorescent bulbs market is driven by rise in disposable income in both developing & underdeveloped countries, followed by growth in population, increase in preference for long operational & shelf life of lighting lamps and rise in demand for eco-friendly lighting devices with reduced energy consumption. Apart from this, higher purchase price than substitute product may impact the market. Additionally, growth in product innovation & differentiation along with energy efficiency and increase in government support for energy efficiency lamps are leading opportunities for market. Moreover, advancements in lifestyle and high consumption of energy efficient lamps are key trends for market. Furthermore, availability of substitutes such as conventional lamps and incandescent lamps is a major challenge for global market.

Based on geography, the North-America is a leading region in global fluorescent bulbs market owing to rise in demand for electricity and growth in industrialization across the region. The Asia-Pacific and European regions are likely to witness higher growth rate due to growth in urbanization, rise in per capita income and rapid growth in the electronic component manufacturing, semiconductor industry, and wireless technologies over the forecast period. It is predicted that future of the global fluorescent bulbs market will be optimistic because of high electrification rate in developing economies, rapid development in the semiconductor industry and growth in population during the forecast period.

For More Information, refer to below link:-

Global Fluorescent Bulbs Market

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Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
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