Replacement by LEDs in Auto Lighting Leads to Decline in Halogen Bulb Sales, According to a New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Halogen Bulbs markets. Global market for Halogen Bulbs is forecast to decline to US$1.69 billion by 2018, due to the rising popularity of LED lightings in the automotive industry, particularly passenger cars.

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Halogen Bulbs: A Global Strategic Business Report

San Jose, California (PRWEB) November 15, 2013

Follow us on LinkedIn – Halogen bulbs, considered to be the efficient version of energy-inefficient traditional incandescent bulbs witnessed impressive growth over the last decade, driven primarily by the replacement opportunities offered as a result of phasing out of incandescents. Halogen bulbs that offered similar light quality as incandescent bulbs were purchased extensively as replacements for incandescents during the 2010-2012 period, negating the CFL and LED dominance predictions. However, in the long run, halogen bulbs are forecast to give in to the rapid penetration of solid-state lighting especially semiconductor LEDs across all end-use application sectors. LEDs, which started off modestly in traffic signals and other niche applications, are all set to take on the lighting market currently dominated by fluorescent bulbs. Against this backdrop, the share of halogen bulbs in the global lighting market is also expected to shrink over the next few years.

Despite being the most widely used lighting type for automotive applications, halogen lamps are expected to witness decline in sales in the long run due to the increasing penetration of LED lighting. LEDs are touted to offer increased visibility, longer lifespan and display high resistance to harsh conditions on the road in comparison to traditional halogens. In recent years, LED lighting usage in the automotive sector increased significantly and is forecast to grow with similar vitality over the coming years. LEDs are also expected to penetrate into the motorcycle lighting market.

The 2007-2009 economic recession resulted in a slowdown of the halogen bulbs market, reflecting the general trend in the larger lamps and luminaires industry globally. The automotive industry, wherein halogen bulbs account for more than 80% of vehicular lighting mix, was one of the worst hit by the recession. In addition to weak demand from the automotive sector, halogen bulbs also faced the brunt of a lethargic business climate in the construction industry. Cancellation, postponement, and general weakness in commercial and residential building projects resulted in weak demand for halogen bulbs. The market, however, recovered in the year 2010, supported by post-recession resurgence in automotive production as well as the phasing out of inefficient incandescent bulbs across all developed markets.

As stated by the new market research report on Halogen Bulbs, Western Europe and the United States dominate the market worldwide. Asia-Pacific, which emerged as a key market over the past decade, is projected to witness a CAGR of 6.6% over the analysis period. While no major changes in regional mix are forecast for halogen usage, a definite decline is being predicted for the market as a whole owing to replacement by CFLs and LEDs in all major end-use sectors depicting the transition from energy inefficient technologies to more efficient lighting technologies.

Major companies covered in the report include Auer Lighting GmbH, Autolite Limited, Bajaj Electricals 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, Hi Score Corporation, Koninklijke (Royal) Philips Electronics N.V., Larson Electronics LLC, Litetronics International Inc., OSRAM GmbH, PIAA Corporation, Surya Roshni Ltd., USHIO America Inc., and Westinghouse Lighting Corp.

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 visit – http://www.strategyr.com/Halogen_Bulbs_Market_Report.asp.

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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