San Jose, California (PRWEB) October 29, 2013
Follow us on LinkedIn – Thomas Alva Edison invented the first practical incandescent bulb in 1879, marking the beginning of the age of electric lighting. More than 130 years after the historic turning point, the global lighting industry stands on the verge of witnessing another major dramatic event, the phasing out of the traditional incandescent lamps. Approximately 95% of electricity consumed by a typical incandescent bulb is let out as waste heat in near infrared wavelengths, while only 5.0% is utilized for providing visible light making them highly energy inefficient. Regulations supporting phase out of lesser efficient incandescent bulbs are in place in all key countries with majority of them already carving out roadmaps for complete phase out over the next few years.
Cuba became the first country to completely phase out production of incandescent bulbs and propagate usage of energy saving bulbs. The United States is currently implementing the strategy of phasing out majority of incandescent bulbs, while the EU banned all traditional incandescent bulbs from production and sales beginning from the year 2012. Against this backdrop, the outlook for the global traditional incandescent bulbs market appears hazy. However, not all incandescent bulbs are banned but only the inefficient versions. For instance, the Energy Independence and Security Act of 2007 (EISA) in the US bans the manufacture, and sale of only inefficient 40 W-100 W incandescent bulb types. Certain specialty incandescent bulbs are excluded from the purview of the law. Also, manufacturers of incandescent bulbs are striving to bring to market efficient, regulation complying versions of the bulbs to retain market share. However, the exemptions and the improved versions offer no respite to the market against the rapid penetration of lower-priced and longer-lasting LEDs and CFLs.
In recent years, Compact Fluorescent Lamps (CFLs) and Light Emitting Diodes (LEDs) have attracted significant attention as ideal substitutes for incandescent bulbs. Energy efficient LEDs are cannibalizing market opportunities for CFLs, which continues to face challenges such as low light quality and flickering. LEDs score high in terms of not just electricity consumption but operating costs and lifespan. LED lamp prices are expected to drop to as low as US$10 per piece, offering a critical advantage over CFLs. A notable trend in the industry is the outsourcing of manufacturing of CFLs and LEDs to low-cost countries by leading companies based out of the US and Europe.
As stated by the new market research report on Traditional Incandescent Bulbs, Asia-Pacific represents the largest market worldwide. Asia-Pacific, Africa, and the Middle East are forecast to be the only regions to report incandescent bulb production and sales by 2018, while all the other countries would have largely phased-out these bulbs by then.
Major companies covered in the report include Advanced Lighting Technologies Inc., Bajaj Electricals Limited, Crompton Greaves Ltd., Feit Electric Company, General Electric Company, Havells Sylvania, Iwasaki Electric Co., Koninklijke (Royal) Philips Electronics N.V., Litetronics International Inc., Osram GmbH, Surya Roshni Ltd., and Wipro Limited.
The research report titled “Traditional Incandescent Bulbs: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, product launches, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections for major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Middle East & Africa and Latin America (Brazil, and Rest of Latin America).
For more details about this comprehensive market research report, please visit:
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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