Rapid Penetration of Energy Efficient Lighting Products Drives the Lighting Fixtures and Luminaires Market, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Lighting Fixtures and Luminaires markets. Global market for Lighting Fixtures and Luminaires is forecast to exceed US$170 billion by 2020, driven by rapid penetration of energy efficient lighting products and the corresponding demand for technologically advanced lighting fixtures to hold these light sources.

Follow us on LinkedIn – Lighting fixtures are designed and constructed to collect, distribute, reflect, direct, or diffuse light from any electric light source for general or localized illumination. Fixtures tend to have a long life and outlast light sources/lamps and comprise miscellaneous parts and accessories such as lighting controls, ballasts, timers for the smooth functioning of light source. Continuous developments in residential, commercial, industrial and public lighting markets resulted in significant development of lighting fixtures, over the years. With light sources becoming more energy efficient and technologically advanced, lighting fixtures that hold those sources evolved considerably in terms of design, compatibility and flexibility.

High energy-efficiency, optimal durability, and comparatively low total cost-of-ownership as compared to other luminescent lights, are factors that are supporting rapid penetration of LED lighting products across the world, which is turn is driving demand for LED luminaires. Increasing urbanization, changing demographics and innovations in fixtures targeted mainly at improving functionality represent other key market growth drivers. Strong growth projected for the construction industry, steadily rising automotive production particularly in developing countries, favourable government policies, and enhanced efficiency levels, represent important factors that are expected to drive market growth in the coming years. Other factors promoting market expansion in the short term include robust demand for outdoor lighting fixtures supported by strong non-building construction such as bridges, highways, and public works. The expected decline in prices of LED fixtures through the use of low-cost materials such as thermal plastics in place of the high priced aluminium is also expected to bode well for the market.

Luminaire advancements that are poised to benefit market prospects in the near term include improvements in lighting quality and glare control; improved thermal performance with optional dimming features and occupancy sensing; water-proof features and ability to operate in dusty and damp environments; and development of wall-mounted and free-standing designs which provide efficiency as well as convenience.

As stated by the new market research report on Lighting Fixtures and Luminaires, Asia-Pacific represents the largest as well as the fastest growing market worldwide with a CAGR of 9.1% over the analysis period. Robust residential and non-residential construction activity in China and India, large scale infrastructure development, growing automotive production, rapid urbanization, expanding middle class, and rising acceptance of higher value lighting fixtures, represent key growth drivers in the region. China, the United States and Japan represent the largest markets for outdoor lighting fixtures. China is also the largest exporter of outdoor lighting fixtures worldwide.

Key players covered in the report include Acuity Brands Lighting Inc., Advanced Lighting Technologies Inc., Bajaj Electricals Ltd., Cooper Industries Plc., Cree Inc., Fagerhults Belysning AB, GE Lighting North America, Grote Industries Inc., HELLA KGaA Hueck & Co., Hubbell Lighting Inc., Spaulding Lighting Inc., Juno Lighting Group, Koito Manufacturing Company Ltd., LSI Industries Inc., NVC (Huizhou) Lighting Technology Corporation, Opple Lighting, OSRAM GmbH, Panasonic Corporation, Philips Lighting Electronics, SIMKAR Corporation, Targetti, Taschibra Brasil, Toshiba Lighting & Technology Corp., Wenzhou Ouhai Sanyang Luminaire Factory, and Zumtobel Group AG, among others.

The research report titled “Lighting Fixtures and Luminaires: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, drivers, issues, challenges, product launches and strategic industry activities of major companies worldwide. The report provides market estimates and projections in dollars for major geographic regions 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), Latin America (Brazil and Rest of Latin America), and Rest of World. Product segments analyzed in the report include Portable Fixtures and Luminaires, Non-Portable Fixtures and Luminaires, and Parts & Accessories. End-use sectors analyzed in the report include Automotive & Industrial, Construction, and Others.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Lighting_Fixtures_and_Luminaires_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 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
Web Site: http://www.StrategyR.com/

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