Worldwide demand to reach US$100 billion in 2006
Global demand for electric lighting equipment is forecast to increase approximately five percent per year through 2006 to about $100 billion. The most rapid growth in demand is expected in industrializing areas such as Eastern Europe, the Africa/ Mideast region and the Asia/Pacific region, where building construction activity and greater industrialization will generate more opportunities for lighting equipment.
China to post double-digit demand gains
Lighting equipment demand gains in China are projected to surpass ten percent per year through 2006. Liberalization of housing markets, including the encouragement of private ownership of real estate, is expected to boost home building and renovation for a broad range of Chinese households. Rising living standards and increasing industrial-ization in these developing coun-tries will benefit lighting equipment use in manufactured goods applica-tions as well.
In contrast, advances for lighting equipment in the mature, industrial-ized regions of North America and Western Europe will both be below the global average. While new construction activity will support lighting equipment demand in these regions, activity will also be fueled by efforts to improve energy efficiency in existing buildings.
Lighting fixtures and related components to offer best gains
Among the principal lighting equipment types, lighting fixtures and related components will offer the strongest prospects with annual gains nearing six percent. While demand for lamps in the aggregate will lag the pace projected for lighting fixtures, several types of lamps will exhibit strong advances. Across both product segments, technologically advanced products with improved performance and high energy efficiency will exhibit the most robust growth. These products include fluorescent and high intensity discharge lamps, as well as the fixtures designed to operate the light sources. In the component arena, electronic ballasts, specialized reflectors and other products designed to improve lamp performance will show above-average growth.
Study coverage
Details on these and other findings are contained in World Lighting Equipment, a new Freedonia study available for $4700. This study investigates the worldwide market for electric lighting equipment, in-cluding lamps and lighting fixtures, as well as related components such as ballasts and reflectors. Historical data through 2001 plus forecasts to 2006 and 2011 are presented in US dollars for demand by product type in 6 regions and 20 countries. In addition, the study evaluates market shares and profiles key companies.
This study can help you:
- Determine your market & sales potential
- Identify high-growth international markets
- Learn more about industry competitors
- Assess new products & technologies
- Identify companies to merge with or acquire
- Complement your own research & planning
- Gather data for presentations
- Make better business decisions
Freedonia's methods involve:
- Establishing consistent economic and market forecasts
- Using input/output ratios, flow charts and other economic methods to quantify data
- Employing in-house analysts who meet stringent quality standards
- Interviewing key industry participants, experts and end-users
- Researching a proprietary database that includes trade publications, government reports and corporate literature
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