Global Fluorescent Lighting Market

Gaarti08 Dec, 2021Finance

By type, compact fluorescent lamp (CFL) segment dominated the market in 2019 and is expected to maintain its dominance at CAGR of XX% during forecast period. The growth is attributed to the large scale availability of CFLs in various shapes and sizes as per the different applications. CFLs are generally found with screw bases and integral ballasts, these are popular lamps widely used in household fixtures. CFLs use about 75% less energy than incandescent bulbs. Also CFLs are most efficient and cost-effective in areas where the need of lighting is for long periods of time, which is ultimately a result into the growth of market.