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.
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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.
Lighting Fixtures
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
Lighting Controls
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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