Compact fluorescent lamps (CFLs) are widely employed in lighting systems thanks to their energy efficient characteristics. In contrast to incandescent lamps, CFLs have highly non-linear current–voltage characteristics and exhibit harmonic distortions during their operation. Although nonlinearity and accelerated harmonic effects may cause disturbance in power networks, CFLs are frequently preferred due to their low energy consumption. In this study a test set-up is operated for investigating non-linear characteristics of commercially available CFLs. During these tests non-linear current and voltage waveforms of CFLs are analyzed via oscilloscope and compared with the proposed memristor emulator circuit output waveforms. The non-linear characteristics of CFLs are accurately modelled by proposed memristor emulator circuit, which has a tunable threshold property. To obtain proper comparison wavelet analysis is conducted for current waveforms of CFLs and memristor emulator circuit. The wavelet analysis is an efficient tool for processing non-linear signals, which are prone to display high frequency distortions. In addition to wavelet analysis, the Fourier Transform (FFT) characteristics and total harmonic distortion (THD) levels are also analyzed for correlation of CFLs and proposed memristor.