Halogen Bulbs: A Global Strategic Business Report
San Jose, California (PRWEB) March 25, 2015
Follow us on LinkedIn – Halogen is the most widely used lighting technology in the automotive sector. The features of low purchase- and replacement-costs and easy availability made halogen lamps the preferred auto lighting option over the years. Xenon/HID and LED lighting represent the other two chief lighting options. Despite being the widely used lighting type, halogen has been facing decline in demand since the past few years due to the rapidly rising popularity of LED lightings for automotive applications.
While in the automotive sector, metal halides in the medium term and LEDs in the long term are expected to replace halogens, in the residential sector, CFLs in the medium term and LEDs in the long run are expected to become dominant light sources. LEDs are currently being used in front DRLs (Daylight Running Lights), tail lamps and also in vehicle interiors. LEDs are touted to offer improved visibility, longer lifespan and display high resistance to harsh conditions on the road when compared to traditional halogens. LEDs are also expected to penetrate into the two wheelers market. Tail lamps and blinkers of quite a few two wheeler models have already started to integrate LED lighting. However, despite the increasing popularity, LED lamps are still at a cost disadvantage when compared to halogens. Therefore, at least for the next few years, halogens will rule as the most widely used lighting technology for vehicles.
As stated by the new market research report on Halogen Bulbs, Europe represents the largest market worldwide, followed by the United States. Asia-Pacific is expected to replace Europe as the largest market by the end of the analysis period. Rising employment levels, economic prosperity, increase in discretionary income, relatively lower per capita car ownership is boosting demand for new cars, including luxury cars, in the region. This in turn is driving automotive production, which is poised to benefit demand for halogen auto lamps in the near term.
Key players covered in the report include Autolite (India) Limited, Bulbrite Industries, Inc., Crompton Greaves Ltd., Eiko Ltd., Feit Electric Company, General Electric Company, Halco Lighting Technologies, Halogen Lighting Products Corporation, Halonix Limited, Havells India Limited, Havells USA, Hi Score Corporation, Koninklijke Philips N.V., Larson Electronics LLC, Litetronics International Inc., OSRAM GmbH, PIAA Corporation, Surya Roshni Ltd., USHIO America Inc., and Westinghouse Lighting Corp., among others.
The research report titled “Halogen 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 & Africa and Latin America (Brazil, and Rest of Latin America).
For more details about this comprehensive market research report, please click here
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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.
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