Energy efficient lighting technology includes LED lamps, CFLs and luminaires that are highly energy efficient compared to incandescent and fluorescent lighting solutions. Such lighting solutions utilize light-emitting diodes (LEDs), which are semiconductor lights that convert electricity into light. LED lamps and luminaires last up to 25 times longer than incandescent bulbs and produce high quality white light with minimal heating, making them an economical option for both residential and commercial use cases.

Energy Efficient Lighting Technology Market Demand solutions from both residential and commercial sectors due to benefits such as long lifespan, ecosystem friendliness, and energy savings. Government policies promoting the usage of LED lighting over traditional incandescent and CFL bulbs are also fueling adoption.

The market is witnessing rapid global expansion, especially in Asia Pacific and Latin America, due to high industrial and infrastructure growth along with implementation of favorable energy efficiency regulations. LED lighting manufacturers are investing heavily in these emerging economies to tap new revenue pools.

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