Strong growth of Lighting Fixtures and its Products

Bharatbook added a new report on “Lighting Fixtures” which gives the demand, manufacturing and technological advances in Lighting Fixtures products.

Lighting Fixtures to 2014 report (www.bharatbook.com/detail.asp?id=134472&rt=Lighting-Fixtures.html ) assesses NEW US industry forecasts for 2014 & 2019 : US demand to increase 5% annually through 2014
Demand for lighting fixtures in the US is forecast to grow five percent per annum to $22 billion in 2014. After adjusting for the effects of inflation, this pace represents a rebound from the slight dip in lighting fixture demand that occurred between 2004 and 2009. Going forward, the fastest gains are expected to be generated by the motor vehicle and residential markets. In both of these markets, a recovery in activity from depressed 2009 levels will spur lighting fixtures to double-digit annual gains. Growth of US lighting fixture shipments will lag demand over the forecast period, as the majority of additional demand is expected to be supplied by overseas manufacturers, especially those in China and Mexico. Those two countries supplied over one-quarter of US lighting fixture demand in 2009.

Strong growth expected for LED-based lighting fixtures
The development and commercialization of light-emitting diode (LED) lighting is having a significant impact on the lighting fixture industry. LEDs are longer-lived and, in some cases, more energy-efficient than other light sources, but currently account for only a small share of demand. LED-based lighting fixtures are expected to provide especially strong growth through 2014 due to the rapid pace of technological advances in these products, making them more energy-efficient, brighter and cheaper. A number of energy-related regulations will affect demand for lighting fixtures over the forecast period. Most important to this industry are those that ban the use of certain ballasts (e.g., mercury vapor, magnetic fluorescent). However, the industry is also affected by such regulations as the Energy Independence and Security Act of 2007, which bans the sale of general use incandescent lamps starting in 2012.

Motor vehicle market fastest growing, residential market to also rebound
The motor vehicle market is projected to be the fastest growing source of demand between 2009 and 2014, almost doubling in size over that period. Nearly all of this growth is due to the recovery of domestic motor vehicle production, which in 2009 had declined to its lowest level in half a century. Because of the strong growth in the motor vehicle market, vehicular-type lighting fixtures are forecast to be the fastest growing lighting fixture product segment through 2014.

The residential market for lighting fixtures is forecast to be the second fastest growing through 2014, as it rebounds from the losses it incurred between 2004 and 2009. The majority of this growth will be concentrated in new single-family applications, as housing completions recover from their depressed 2009 level. Despite the strong growth forecast, residential demand for lighting fixtures in 2014 will remain below its 2006 level, when housing construction peaked.

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