Make sure you also check Magento 2 Speed Optimization extension by Webkul. With multiple features, you can reduce your image files load size and speed up the page loading time.

This all-in-one extension offers various optimizations that benefit all the frontend performance of web store pages:

• Choose preferred image compression format - WebP or JPEG
• Batch image compression using the command line terminal.
• Lazy loading images for the category, product, and search pages.
• Infinite scroll on category and search pages to give a seamless experience.
• Enable srcset attribute of image tag for responsive image loading.
• Defer JavaScript loading for non-blocking JS.

Hope this helps,

Thanks,

Rohit.