Global Market for Lighting Fixtures to Reach $121 Billion by 2018, Lighting Controls to Reach $8 Billion
FARMINGTON, Conn., Dec. 5, 2012 /PRNewswire-iReach/ -- Constant developments in the commercial, residential, public, and industrial lighting segments have, over the years, driven the global lighting fixtures market. In addition to these, various factors, such as technology and consumer preferences greatly influence the lighting fixtures market. Developments in the lamps market also wield significant amount of influence on the lighting fixtures market. For instance, with lamp technology racing ahead, fixtures are becoming much more technologically advanced. Also, as the energy efficiency wave sweeps across the lamp markets, efforts are ongoing on the part of manufacturers to develop new fixtures that are energy efficient, and at the same time exhibit an aesthetic appeal.
Global Information Inc (GII) presents two noteworthy reports on the global lighting fixtures and lighting controls markets from our premium market research partner Global Industry Analysts, Inc.
The global market for Lighting Fixtures is forecast to reach $121 billion by the year 2018. The global lighting fixtures industry comprises several companies engaged in the development and manufacture of a wide range of fixtures, from basic sconces to complex chandeliers. The industry is highly fragmented, despite the presence of a few players with dominant regional market shares. Select major players profiled in the report include Acuity Brands Lighting Inc., Advanced Lighting Technologies Inc., Cooper Industries, Cooper Lighting, Evolution Lighting LLC, GE Lighting, Hubbell Lighting Inc., Alera Lighting, Koito Manufacturing Company Ltd., Panasonic Electric Works Corporation of America, Universal Lighting Technologies Inc., OSRAM GmbH, Royal Philips, Thomas Lighting, Targetti, Toshiba Lighting & Technology Corp., Visteon Corporation, and Zumtobel AG Group, among others.
Non-portable lighting fixtures, accounting for a major share of the global lighting fixtures market, constitutes the largest product segment in the global lighting fixtures market. Though the demand for non-portable lighting fixtures as a percentage of total lighting fixtures is expected to witness slower growth, the category is still expected to continue its lead over the coming years. Lighting fixtures in the construction market is expected to remain dominant, with non-portable fixtures largely being used in buildings as well as non-building sectors. The recovery in housing construction activities is likely to increase the demand for portable lighting fixtures, and the discretely sold parts and accessories.
An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch.com/report/go138730-lighting-fixtures.html
The global market for lighting controls is projected to reach $8 billion by the year 2018. Ballasts account for a lion's share of the lighting controls market. The advent of electronic ballasts has considerably eroded the market share of magnetic ballasts over the past years. One reason for the electronic systems to gain a stronghold in the market is the energy efficiency offered by these systems among various other advantages.
Energy conservation is presently the most appealing application of lighting control systems as they potentially reduce the consumption of energy by up to 75%. With increasing focus on energy conservation, the global lighting controls market is expected to witness substantial growth in the coming years, driven by their ability to significantly reduce the energy consumption, and the costs associated with energy.The demand for lighting control systems is growing at a rapid pace across various sectors, including airports, hospitals, auditoriums, educational institutions, railway stations, as well as factories, warehouses, and workshops. Increased spending in R&D, sophisticated manufacturing, and technological advancements have enabled the introduction of several innovative lighting control products, ideal for both the outdoor and indoor installations across various end-use segments.
Major players profiled in the report include Acuity Brands, Lithonia Lighting, Eaton Corp., Hatch Transformers Inc., Howard Industries Inc., Leviton Manufacturing Co. Inc., Lutron Electronics Company Inc., Osram GmbH, Osram Sylvania Inc., Panasonic Electric Works Corporation of America, Royal Philips Electronics, Philips Lighting Electronics, Robertson Worldwide, Schneider Electric SA,Universal Lighting Technologies Inc., and WattStopper Inc., among others.
An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch.com/report/go124528-lighting-controls.html
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SOURCE Global Information, Inc.