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Industry News
US Demand For Advanced Lighting Products Will Reach $6.8 Billion In 2013, Forecasts New Report
April 28, 2009

Report Buyer has added a new report which offers a detailed guide to the advanced lighting products market in the US.

The report "Advanced Lighting Products: US industry forecasts to 2011 & 2016", available at http://www.reportbuyer.com/go/FED00192 forecasts US demand for advanced lighting products to grow eleven percent per annum to reach $6.8 billion in 2013. Gains will be spurred by legislation aimed at reducing the energy consumed by lighting. Domestic shipments of advanced lighting products will proceed at a slower pace, as products with rapidly growing demand, such as compact fluorescent lamps (CFLs) and light emitting diodes (LEDs), are largely produced overseas.

CFL demand to register fastest growth CFLs are expected to enjoy the fastest demand growth through 2013. The Energy Independence and Security Act of 2007 banned the sale of general service incandescent lamps starting in 2012, and CFLs are expected to replace most of these lamps as they burn out. Demand for CFLs will surge more than 20 percent annually to 2013 as consumers transition to the new technology, but long-run demand will ultimately settle at a lower level because of reduced replacement demand, as CFLs last much longer than incandescent lamps. Nearly one half of additional advanced lighting demand generated between 2008 and 2013 will be accounted for by CFLs.

LEDs are also forecast to experience robust growth through 2013, benefiting from greater demand in consumer electronics, motor vehicles and non-residential buildings. Falling LED prices, increases in light output and improvements in energy efficiency will make LEDs more competitive with conventional lighting products over the forecast period.

The residential market is projected to experience the greatest gains through 2013, primarily due to a surge in demand for CFLs. Halogen lamps and LEDs will also benefit from the ban on general service incandescent lamps, as they outperform CFLs in certain respects (e.g., better color rendering, no mercury content). However, CFLs are a more economical lighting technology, and will dominate the residential market by 2013.

"Advanced Lighting Products: US industry forecasts to 2011 & 2016" is available from Report Buyer. For more information, click here.
 

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