Abstract
Demand to rise more than 3% annually through 2012
Demand for lighting fixtures in the US is forecast to grow in excess of three
percent per annum through 2012 to $21.6 billion. While that pace is similar to
the pace achieved during the 2002-2007 period, growth in that period was
mostly the result of price increases, whereas growth through 2012 will be
based on unit gains. A stronger outlook for construction markets will drive
growth, especially the increased construction of housing and transportation
infrastructure. Demand from the manufacturing market will also improve through
2012, as domestic production of motor vehicles rebounds. Across all markets,
demand will increase fastest for advanced products such as high intensity
discharge (HID) fixtures and light emitting diodes (LEDs), which are typically
more energy efficient than traditional incandescent lighting systems.
Study coverage
It presents historical demand data (1997, 2002, 2007) plus forecasts for 2012
and 2017 by product, market, and region of the US. The study also assesses
market environment factors, evaluates market shares and profiles 36 industry
players.
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