Advanced Lighting Products forecasts to 2011 and 2016
Released on = July 5, 2007, 3:34 am
Press Release Author = Bharat Book Bureau
Industry = Energy
Press Release Summary = US demand for advanced lighting products is forecast to rise over ten percent per year through 2011.
Press Release Body = Demand to see double-digit annual gains through 2011
Gains will be fueled by consumer desires for more energy efficient lighting, which will boost demand for compact fluorescent lamps. In addition, development of improved light emitting diode (LED) technology will create tremendous gains for these products in lighting applications.
The US is a net importer of advanced lighting products, and imports are expected to continue to expand faster than both overall demand and exports through 2011, further widening the trade deficit. Import advances will be aided by the ongoing emphasis on price in the US market, as foreign-produced products are often less expensive than US-made lamps. This trend will be supported by the popularity of compact fluorescent lamps, which are dominated by imports.
Compact fluorescent demand to benefit from push toward ‘green’ products
Rising interest in \"green\" technologies has spurred compact fluorescent demand. This trend is expected to continue, as major retailers such as Wal-Mart aggressively market these products in an effort to boost their own environmental image. Although more expensive than traditional incandescent lamps, compact fluorescents offer superior energy efficiency and longer lifespans. These products will continue to gain significant media exposure from environmental activists, and may even benefit from potential statewide bans on incandescents. LEDs are also expected to have strong growth. Gains will benefit from increased penetration in motor vehicle applications such as rear lighting, panel displays and interior lighting. In addition, high brightness LEDs offer long term potential for penetration into building illumination markets. LEDs offer superior energy efficiency and long lifespan.
US lighting industry highly concentrated
The advanced lighting industry in the US is highly concentrated, with the three largest producers -- GE Lighting, Osram Sylvania (Siemens) and Philips Lighting -- supplying the majority of total sales in 2006. In addition to these large firms, the
US lamp industry encompasses a number of small- to mid-sized companies that remain competitive by focusing on niche products and markets.
Study coverage
Advanced Lighting Products is a new Freedonia industry study available for $4400. It presents historical demand data as well as forecasts to 2011 and 2016 by product and market. This study also considers market environment factors, evaluates company market share data and profiles 36 US industry competitors.
For more information, please visit: http://www.bharatbook.com/detail.asp?id
2012
