DUBLIN, July 20, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global SSL and Fluorescent Lighting Market 2016-2020" report to their offering.
The global SSL and fluorescent lighting market to grow at a CAGR of 15.02% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global SSL and fluorescent lighting market for 2016-2020. The market size is calculated on the basis of revenue generated from the sale of new and replacement SSL and fluorescent lights. The report does not include analysis of any other type of lighting system, such as high-intensity discharge lamps or incandescent bulbs. It also does not consider any other components of lighting such as control gears, ballasts, fixtures, and luminaires.
A trend propelling market growth is the emergence of smart cities. A smart city is integrated with several information and communication technology solutions to improve the quality of life and drive economic growth. Therefore, governments across the globe are investing in technologies such as climate action plans, open data platforms, water management, smart grids, smart street lighting, urban mobility, and smart parking. Some of the noteworthy examples of smart city projects across the world are Indian Prime Minister Narendra Modi's Smart Cities Mission, the Dubai Plan 2021, and US President Barack Obama's Smart Cities Initiative.
According to the report, a key growth driver is strong government support in the form of subsidies. Strong government support is one of the major factors driving the growth of the global SSL and fluorescent lighting market. Governments in BRIC countries are encouraging the use of LED lights by launching new programs and providing subsidies to the manufacturers.
Further, the report states that one challenge that could curtail market growth is the absence of global LED standardization. The specifications and standards for LED lighting vary in different countries. The absence of a single international standard for LED lighting is a hurdle for the vendors.
- GE Electric
- Schneider Electric
Other prominent vendors
- Acuity Brands
- Advanced Lighting Technology
- Emerson Electric
- Everlight Electronics
- MLS Electronics
- Toshiba Lighting and Technology
- Toyoda Gosei
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by application
Part 07: Market segmentation by technology
Part 08: Geographical segmentation
Part 09: Market drivers
Part 10: Impact of drivers
Part 11: Market challenges
Part 12: Impact of drivers and challenges
Part 13: Market trends
Part 14: Vendor landscape
Part 15: Appendix
For more information visit http://www.researchandmarkets.com/research/4b93dl/global_ssl_and
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SOURCE Research and Markets