Global Demand for Lighting Fixtures to Grow at 6.9% CAGR to Reach $153 Million in 2016
FARMINGTON, Conn., Oct. 2, 2012 /PRNewswire-iReach/ -- The lighting fixture industry is segmented into three major markets: construction, vehicles and machinery, and consumer and commercial goods. The construction market is the largest segment for lighting fixtures and gains in this market will be led by the residential building segment. Meanwhile, sales gains in the vehicles and machinery market will nearly match those of the construction market over the forecast period as vehicle production rates improve.
Global Information, Inc. (GII) is pleased to announce the availability of three new market research reports highlight the global market for lighting fixtures and LED lighting.
World Lighting Fixtures
Global demand for lighting fixtures is projected to climb 6.9 percent annually through 2016 to $153 billion. Product sales will be driven primarily by a strong global rebound in motor vehicle output and an acceleration in building construction activity. Efforts to conserve energy and convert to more efficient light source technologies will also boost gains, particularly as sales of incandescent and other less efficient lamps are being phased out through much of the world. Increased use of these higher-end fixtures will also contribute to gains in value terms. In the developing world, ongoing efforts to modernize the building stock, coupled with increasing urbanization and rising incomes will further aid advances.
The new Freedonia industry study presents historical demand data for 2001, 2006 and 2011, plus forecasts for 2016 and 2021 by product, market, world region and for 24 major countries. The study also considers market environment factors, evaluates company market share and profiles 39 industry competitors, including Acuity Brands, Cooper Industries, HELLA and Koito Group.
An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch.com/report/fd128460-lighting-fixture.html
LEDs and the worldwide market for lighting fixtures
The worldwide market for LED lighting fixtures (excluding retrofit lamps) is close to 8 billion USD, equal to over 10% of the worldwide consumption (and probably some 3% in terms of physical units). Yearly growth has been close to 70% during 2011.
The third edition of the CSIL multi-client report, "LEDs and the worldwide market for lighting fixtures" is mainly based on around 500 interviews with manufacturers and retailers of lighting fixtures worldwide during the first half of 2012, plus statistical data and overall CSIL market knowledge in the lighting fixtures sector. Consumption of LED based lighting fixtures is estimated for the years 2006-2011 and forecasted for the years 2012-2015.
An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch.com/report/csi251781-leds-worldwide-market-lighting-fixtures.html
The world market for outdoor lighting fixtures
The world market for outdoor lighting fixtures in 2011 can be estimated in about US$ 16.1 billion (Euro 11.6 billion), equal to 22.4% of the total lighting fixtures market. In US$, yearly growth has been equal to 7.8%.Outdoor lighting is growing faster than the sector average and this trend will continue at least till 2015.
Approximately 16% of worldwide consumption of outdoor lighting fixtures (2.55 out of 16.1 bn USD) is made by LED based products for the year 2011.The ten major countries, in order of outdoor lighting fixtures consumption, are China (by far also the main exporter), the United States, Japan, Germany, France (mostly with imported products), Canada, India (with a big growth), the United Kingdom and, approximately with the same market size, Spain, Brazil and South Korea.
Together, ten countries have an aggregated consumption of 71% in value of the world (60 countries) total consumption. Main players in the global outdoor lighting fixture market include Philips Lighting, Acuity Brands, Schreder, GE Lighting, Iwasaki, Toshiba, Zumtobel. 50 players hold almost 50% of the worldwide outdoor lighting market.
This new report offers a full analysis of the outdoor lighting fixtures market worldwide. This study provides outdoor lighting fixtures industry statistics (production and consumption), sales data and market shares of the top manufacturers.
An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch.com/report/csi219323-world-market-outdoor-lighting-fixtures.html
About Global Information Inc. Global Information (GII) (http://www.giiresearch.com) is an information service company partnering with over 300 research companies around the world. Global Information has been in the business of distributing technical and market research for more than 25 years. Expanded from its original headquarters in Japan, Global Information now has offices in Korea, Taiwan, Singapore, Europe and the United States.
Media Contact: Jeremy Palaia Global Information, Inc., 1-860-674-8796, Press@gii.co.jp
News distributed by PR Newswire iReach: https://ireach.prnewswire.com
SOURCE Global Information, Inc.
More by this Source
Adapt, React, Evolve: Staying Ahead in the Breast Cancer Gene Testing, Solar Energy, and Oil & Gas Markets with Reliable Analytics and Actionable Insights from GlobalData's 700 Market Analysts
May 22, 2013, 16:28 ET
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.