Cannibalization by LED Lighting Technology Aggravates the Decline in Demand for Fluorescent Bulbs, According to a New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Fluorescent Bulbs. The Global market for Fluorescent Bulbs is forecast to decline to US$8.3 billion by 2020, constrained by the cannibalizing popularity of LED bulbs in general lighting applications.

Fluorescent Bulbs: A Global Strategic Business Report

Follow us on LinkedIn – Despite being considered as energy efficient and an ideal replacement for traditional incandescent bulbs, fluorescent bulbs are facing a strong competitive threat from light-emitting diode (LED) bulbs. As a semiconductor based light source, LEDs are far more efficient than fluorescent bulbs and in the coming years are forecast to take over the global lighting market. Technology advancements and improvements in performance are helping prepare the emergence of LED as an ideal replacement for not just incandescent bulbs but also for compact fluorescent lamps (CFLs). A key drawback of CFL bulbs is the incompatibility of the technology with light and motion sensors. On the other hand, key benefits of LED driving its adoption worldwide include longer life, energy efficiency, environment friendly, zero UV emissions, efficient and effective light dispersement, resistance to extreme temperatures and instant lighting when powered on.

CFLs have currently hit their saturation levels, growing continuously ever since their full-fledged commercial launch in the 1990s. Over the years, incremental technology developments in CFL have helped address issues related to low lighting quality, lightbulb flickering, and mercury content. Significant enhancements in both the form and size of CFLs played key roles in shaping growth in the market. The development and launch of T5 Grow Lights, Smart Dimmers, and shatterproof fluorescent bulbs, and LED fluorescent tubes, are expected to alleviate the slowdown in growth in the fluorescent bulbs market in the medium term. However, in the long run, fluorescent bulbs are expected to lose to LEDs as mainstream replacements for incandescent lamps.

As stated by the new market research report on Fluorescent Bulbs, Asia-Pacific represents the largest market worldwide. The region’s dominance is guided by the relatively slow adoption of LEDs in price sensitive countries. China dominates the world’s production and consumption of CFLs.

Key players covered in the report include Bajaj Electricals Limited, Crompton Greaves Ltd., Feit Electric Company, General Electric Company, Havells India Limited, Havells USA, Koninklijke Philips N.V., Litetronics International Inc., Osram GmbH, Surya Roshni Ltd., and Wipro Enterprises Limited, among others.

The research report titled “Fluorescent 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 in US dollars 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, and Latin America (Brazil, and Rest of Latin America). Product segments analyzed in the report include Compact Fluorescent Lamp (CFLs) and Linear Fluorescent Lamp (LFLs).

For more details about this comprehensive market research report, please click here

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 1500+ 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.

Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
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