Abstract
US demand to grow 5% annually through 2011
US demand for lamps is projected to advance 5.0 percent per year through 2011
to $6.8 billion. Growth will be driven by a shift in product mix away from
inexpensive incandescent lamps toward more expensive, energy efficient lamps
such as compact fluorescents (CFLs). Strong new and improvement and repair
nonresidential building construction activity through 2011 will bolster demand
for lamps. Advances will also benefit from a modest recovery in motor vehicle
production and greater lamp use per vehicle, which includes the use of
higher-priced high intensity discharge lamps and halogens instead of
conventional incandescent lamps. However, the switch to longer-lived lamps
such as CFLs will dampen replacement demand in the longer term.
Unit price increases for lamps will be constrained by alternative lighting
products, such as light emitting diodes (LEDs) and fiber optics, and by import
competition. For example, LEDs pose a particularly strong competitive threat
to lamps in smaller markets such as motor vehicles and indicator lighting.
This competition will continue to place pricing pressures on lamp
manufacturers, particularly as the prices of LEDs and other competitive
technologies fall themselves. Low cost lamp imports, particularly in the
incandescent, fluorescent and halogen segments, will continue to penetrate the
US market, gaining share from domestic production of those products.
Study coverage
It presents historical demand data plus forecasts for 2011 and 2016 by type
and market. This study also considers market environment factors, evaluates
company market share data and profiles 34 US industry competitors.
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