left shadow main shadow main shadow
main shadow
Ld logo
Professional Ligting top_banner
Home top navigation Jobs/Events/News top navigation Catalogs top navigation Manufacturers top navigation Lighting Products top navigation Newsletter Sign-Up top navigation Apps_Blogs top navigation Lighting Feeds
Subpage Top Grad
Indoor Lighting
Left Navigation
Outdoor Lighting
Left Navigation
LED Lighting
Left Navigation
Ballast/Transformers
Left Navigation
Controls
Left Navigation
Lamps/LED
Left Navigation
Emergency/Exit
Left Navigation
Site Sponsors
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Sponsors Images
Industry News
US Luminaire Market To Reach 25 Billion By 2016
June 4, 2012

The Freedonia Group, a leading international business research company, has added the Lighting Fixtures to 2016 forecast to their collection of Construction & Building Materials market reports.
 
Key findings:
 
US demand to increase 7.4% annually through 2016

Demand for lighting fixtures in the US is projected to increase 7.4 percent annually to $25.1 billion in 2016. This represents a recovery from the declines posted between 2006 and 2011, as both motor vehicle production and construction activity recover from low 2011 levels.
 
Commercialization of LED fixtures to be significant

The commercialization of light emitting diode (LED) lighting is also having a significant impact on the industry. LEDs are longer-lived and more energyefficient than incandescent lamps but currently only account for a small share of demand. LED-based lighting fixtures are expected to provide especially strong growth through 2016 due to the rapid pace of technological advances in the LED light sources which will make them more energy-efficient, brighter and more affordable. In addition, while some LEDs can be used in place of traditional incandescent bulbs, lighting fixture manufacturers are also developing fixtures which are specifically designed for LEDs and help to optimize their performance. Lighting fixture products include nonportable and portable fixtures, as well as separately sold parts and accessories such as aftermarket lamp ballasts, fittings, switches, globes and shades. Demand for lighting fixtures is dominated by nonportable fixtures, which accounted for nearly two-thirds of total lighting fixture demand in 2011. Nonportable fixtures derive their dominant position from widespread use in the full range of construction and vehicular applications. Demand for nonportable fixtures is also expected to post the strongest gains through 2016, benefiting from the rebound in construction activity and vehicle production.

Residential market to post strongest growth rate

The residential market is expected to post the strongest gains, nearly doubling between 2011 and 2016, as new residential construction activity rebounds. While demand in new housing will provide the larger share of growth, the residential repair and improvement segment will also rise from low 2011 levels, supported by both increasing housing sales and greater consumer spending. Throughout every major market segment, products that reduce the energy consumption of lighting will see the best prospects for growth. Much of this can be attributed to regulations banning the future sale of less energy-efficient lighting products, including the Energy Independence and Security Act of 2007’s restrictions on the sale of incandescent lamps. These regulatory efforts will spur increased demand for lighting fixtures designed to work with fluorescent, halogen, high-intensity discharge and LED light sources.

US shipments of lighting fixtures to lag those of overseas manufacturers

Growth of US lighting fixture shipments will lag demand over the forecast period, as a significant portion of additional demand is expected to be supplied by overseas manufacturers, especially those in China. In 2011, Chinese firms accounted for over one-half of US lighting fixture imports and supplied almost one-fourth of US lighting fixture demand. Other important sources of US lighting fixture imports include Canada and Mexico. 

The report is available from MarketResearch.com, the leading provider of global market intelligence products and services: visit www.marketresearch.com/Freedonia-Group-Inc-v1247/Lighting-Fixtures-6914089/.

Trans
Banners
Banners
Trans
Trans
Main Shadow Right
Indoor Lighting  |   Outdoor Lighting  |   LED Lighting  |   Ballast/Transformers  |   Controls  |   Lamps/LED  |   Emergency/Exit  |   Manufacturers  |   Lighting Products  |   Events  |   Jobs  |   Industry News  |   New Catalogs  |   Site Map  |   Advertising Information
LIGHTDIRECTORY - LightDirectory.com, P.O. Box 795, Oswego, IL 60543.
Trans