GIA announces the release of a comprehensive global report on Lamps market. The global market for Lamps is forecast to reach US$40.4 billion by the year 2017, driven primarily by increasing population and urbanization worldwide. Growth in the market would also be driven by the scheduled phase out of incandescent bulbs across various countries worldwide, which would in turn surge the demand for the relatively high-priced, yet efficient substitutes such as CLFs and LED lamps. Additionally, the market would benefit from the increasing use of lamps in other applications, such as LEDs in mobile phones and other consumer applications.
San Jose, California (PRWEB) November 22, 2011
Follow us on LinkedIn - Lighting industry is witnessing a sea change, with constant replacement of old technologies with new-fangled lighting technologies so as to reduce energy costs and address issues such as global warming. The emergence of novel technologies and the subsequent developments have captured the industry's attention in recent years. Cost reduction and energy savings have been the key factors behind the replacement of inefficient and conventional lighting solutions, including HID fixtures and lamps, electronic ballasts and T12, with new and integrated systems and sophisticated solid-state technologies such as T8 and T5 fixtures, and lamps. Solid-state lighting controls products help reduce energy costs by efficiently controlling lighting energy. Due to the high price, these new technologies initially embrace high-end markets as exotic substitute of existing technologies. Novel light sources, such as CFLs and LEDs, are fostering the current trend by providing better power and energy-efficiency.
Globally, several governments have initiated the process of phasing out the traditional incandescent (GLS) lamps from use. Countries that have formally adopted/initiated policies to phase out GLS lamps include countries across the EU, signatories to IEA (with the exception of Norway), virtually all OECD countries and several non-OECD countries across the world. By the end of 2006, as many as 37 countries worldwide have embarked on policies to phase out incandescent lamps from use within their geographies. However, regulations towards this end vary in terms of timelines, scope, and stringency among these countries.
Advanced lighting options currently available for consumers are helping them in easily replacing the traditional incandescent lights. Alternative lighting technologies that have garnered significant demand over the recent years include LED lamps, compact fluorescent lamps (CFLs), and advanced halogen lamps. Of late, compact fluorescent lamps (CFLs) have witnessed significant improvement in terms of performance and diversity. Superior quality products in this segment have made their way into the market over the recent years. Resultantly, CFLs currently emerge as the most likely replacement technology for to-be-phased-out incandescent lamps, before LEDs make their full fledge entry into the market. Through this transition, halogen lamps are also garnering significant success, owing to factors such as close characteristics of these lamps to incandescent and their lower prices. The lower prices as well as the positives in the characteristics of halogen lamps, as opposed to relatively higher prices and deterring features of products such as CFLs, such as longer time to gain full brightness, are currently making halogen lamps more favorable across some markets worldwide.
As stated by the new market research report on Lamps, Europe continues to remain the largest regional market. Growth in the global lamps market would be driven by developing countries worldwide. Asia-Pacific represents the fastest growing regional market displaying a CAGR of about 10.3% over the analysis period. Growth in the market would be spearheaded by Halogen Lamps, and Fluorescent Lamps. Of the various options, compact florescent lamps and LED lamps have attracted significant attention over the recent years.
LEDs continue to be a technology serving a niche application, although there is no doubt about its potential to spread its wings to several other applications. The technology is touted to play a major role in minimizing energy consumption in lighting across various settings. LED technology has witnessed significant success in applications such as flashlights or torches. These advanced lighting sources are known to provide superior performance in this segment when compared to other technologies, hence their significant success in this application. On the other hand, LEDs are finding significant adoption in architectural lighting, use in retail sector such as in jewelry and fashion stores, and in supermarkets. Given the time being taken by CFLs to outshine demand for GLS lamps, LED is expected to witness much of its growth from professional lighting segment and decorative luminary segment of the residential market in the next few years. LEDs are expected to take several years to oust other energy-efficient technologies in the residential lighting market.
Major players profiled in the report include Crompton Greaves Ltd., General Electric Company, Havells Sylvania, Iwasaki Electric Co., Panasonic Electric Works Ltd., Nichia Corp., Osram GmbH, Osram Sylvania, Koninklijke (Royal) Philips Electronics N.V., Philips Lumileds Lighting Company, Toshiba Lighting & Technology Corp., Valeo SA, Valeo Sylvania, among others.
The research report titled “Lamps: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the lamps market, current market trends, key growth drivers, comprehensive discussion on the phase-out of traditional incandescent lamps, recent product launches in the lamps market, recent industry activity, and profiles of major/niche global as well as regional market participants. The report provides annual sales estimates and projections for lamps market for the years 2009 through 2017 for the following geographic markets - US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World. The report analyzes the lamps market by the following segments – Traditional Incandescent Lamps, Fluorescent Lamps, Halogen Lamps, and HID & Other Lamps. Also, a six-year (2003-2008) historic analysis is provided for additional perspective.
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Lamps_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/
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