Energy Efficient Lighting Market – Global Industry Analysis, Size, Share, Growth Trends, And Forecast 2016 – 2024

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“The demand for energy-efficient warehouse lighting has received significant impetus from companies looking to reduce their energy consumption in warehouses,” a TMR analyst states. Compared to traditional incandescent lighting systems, advanced and smart lighting solutions such as LED and CFL help companies conserve energy and save on costs. The demand for energy-efficient warehouse lighting has risen with their growing usage in refrigeration, lighting, cooling and ventilation, material handling, and others applications in warehouses.

The energy-efficient warehouse lighting market has also been supported by favorable government regulations around the world. For instance, the U.S. government has banned the use of incandescent lighting in warehouse spaces. It has also provided vendors utility rebates, thereby boosting the use of energy-efficient lighting solutions. Several European countries have implemented Energy Performance Certificates, which require commercial spaces to adhere to energy-efficient processes and requirements.

Geographically, the global energy-efficient warehouse lighting market has been segmented into five regions: North America, Asia Pacific, Europe, the Middle East and Africa, and Latin America. In the recent past, lighting companies have shifted their focus from the developed markets of North America and Europe to emerging markets such as India, China, South Africa, Argentina, andBrazil. On account of rapid economic growth, favorable government policies and mega urban projects, these countries present new opportunities for players in the energy-efficient warehouse lighting market.

Source : PR Newswire

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