Abstract
Global demand to approach $100 billion in 2010
Worldwide demand for lighting fixtures is forecast to increase around six
percent per year through 2010 to US$98 billion. Gains will improve
substantially over the 2000-2005 pace because of accelerating global economic
growth, which will stimulate construction and manufacturing activity, the two
principal determinants of lighting fixture demand. Dollar value advances will
also benefit from a shift in product mix to more technologically advanced and
energy-efficient products, which typically carry higher price tags. Continuing
rapid urbanization rates and expanding electricity grid networks in rural
areas of developing countries will also bolster sales of lighting fixtures.
Developing regions to post most rapid demand gains
The most rapid growth in lighting fixture demand is forecast for the
developing areas of Asia/Pacific, Eastern Europe, Africa/ Mideast and Latin
America. Increasing industrialization in these regions will lead to
infrastructure-building projects and rising living standards that will benefit
demand in manufactured goods applications. Countries with particularly strong
outlooks include China, India, Poland, Thailand and Indonesia.
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