Market Overview

The US Market for General Purpose Lighting Fixtures: Analysis & Forecast (2007, 2012, 2017 and 2022) - ResearchAndMarkets.com

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The "General
Purpose Lighting Fixtures in the US by Product, Market and Region, 14th
Edition"
report has been added to ResearchAndMarkets.com's
offering.

This industry study presents historical demand data (2007, 2012, and
2017) and forecasts for 2022 by product (nonportable fixtures, portable
fixtures, and parts and accessories), market (construction markets and
consumer and commercial markets), and region (Northeast, Midwest, South,
and West).

The study also evaluates company market share and provides
analysis on industry competitors, including:

  • Acuity Brands
  • Cree
  • Eaton (Cooper Lighting)
  • Energizer
  • Evolution Lighting
  • Flex
  • General Electric
  • Generation Brands
  • Hubbell
  • LSI Industries
  • Mag Instrument
  • Masco (LD Kichler)
  • MLS Company
  • Signify (formerly Philips Lighting)
  • Valmont Industries

Lighting Fixture Demand Will Grow Steadily Amid Expansion in
Construction and High-Efficiency Lighting Markets

Because lighting fixtures are installed at the point of new construction
and renovations, the overarching trends are linked to variations in
construction activity. However, upgrade and retrofit trends associated
with energy efficiency, along with high-value developments in new
product innovations, will propel demand in different ways.

Fixture Replacements Will Continue to Boost Growth as Lighting
Systems are Overhauled to Improve Energy Efficiency

Particularly in nonresidential building and roadway applications,
fixture sales will be boosted by upgrades for the sake of improving
lighting systems' energy efficiency. Businesses, utilities, and
municipalities are often proactive in making such upgrades, since
roadway, commercial, and industrial lighting can be energy-intensive
applications, allowing for significant reductions in operating costs
when older fixtures and light sources are replaced with LED lighting.

Many users, especially consumers with less of a budget for lighting
overhauls, will prefer to retrofit existing fixtures, and plenty of
retrofit light sources are available for this purpose. Further, many
other energy-saving upgrades, such as occupancy sensors, often do not
require fixture replacement, and these can even lower replacement rates
by reducing the strain placed on fixtures and extending their service
lives. However, many users will opt for new fixtures optimized for the
greatest efficiency and energy savings.

Trends in Upgrades Will Vary by End Market

Despite the widespread interest in energy-saving upgrades in
nonresidential markets, the residential market has a different
perspective. Homeowners are more likely to adapt energy-efficient LED
bulbs to existing fixtures rather than redo their lighting systems in
order to retain fixtures of a particular style and to limit costs and
replacement hassles. Manufacturers still need to work to make a
compelling case to consumers for upgrades as a value proposition.
However, consumers' concern with their fixtures' aesthetic value will
sustain occasional replacement in addition to installations tied to new
construction.

LEDs and Smart Technology Will Affect Fixture Design as Lighting
Becomes a More Value-Added Market

The growing dominance of LED lighting will continue to change the way
fixtures are designed, both functionally and aesthetically.
Increasingly, LEDs are integrated directly into fixtures, freeing
designers from having to accommodate a light bulb. LEDs can be used in
compact and modular arrangements, which will allow LED-integrated
fixtures to take on new shapes and sizes. This will create significant
new opportunities for manufacturers, and as new styles are introduced,
they are likely to inspire new interest in replacing older fixtures.

Smart lighting technologies - such as wireless controls, occupancy
sensors, and automatic switches - are still typically located outside of
fixtures, either in bulb products or control networks. Nevertheless, as
these features are further developed, fixtures will continue to be
enhanced for compatibility and optimized performance.

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