Lucintel's latest market report analyzed that smart fluorescent lamp lighting provides attractive opportunities in general lighting, commercial lighting, residential lighting, industrial lighting, outdoor lighting, medical lighting, surgical & treatment lighting, and general/mounted lighting applications. The smart fluorescent lamp lighting market is expected to reach $1.2 billion by 2028 with a CAGR of 3.6%. In this market, compact fluorescent lamp is the largest segment by product type, whereas general lighting is largest by application.
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Based on product type, the smart fluorescent lamp lighting market is segmented into compact fluorescent lamps, linear fluorescent lamps, and cold cathode fluorescent lamps. The compact fluorescent lamps segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to its availability in various shapes and sizes. Also, compact fluorescent lamps are considered as an economical and efficient alternative for situations where lights are utilized for a longer amount of time.
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The Smart Fluorescent Lamp Lighting Market is marked by the presence of several big and small players. Some of the prominent players offering smart fluorescent lamp lighting include Eastar Lighting, Eaton, Emerson Electric, Interlectric Corporation, and Lamar Lighting Company.
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