San Jose, California (PRWEB) September 17, 2013
Follow us on LinkedIn - Global market for obstruction lighting is expected to remain buoyant supported by the growing need for aircraft warning lights against a backdrop of rise in construction of tall structures such as skyscrapers, telecom towers, refineries, and growing number of wind turbines and wind farms across the world. The market also stands to gain from the replacement of traditional incandescent fixtures with energy efficient LED obstruction lights that consume lesser energy and are easy to install. Advanced fixtures featuring built-in power module, GPS Synchronizer and controller are also gaining prominence in the market. LEDs consume less power, are resistant to shock and vibration and are also free from mercury and other harmful materials. Constantly evolving LED lumen efficiency and chip performance and rising government incentives for improved energy efficiency standards are further supporting growth for LED obstruction lighting. Solar driven power systems are also fast emerging as a cost effective option for obstruction lighting led by recent advancements in LED technology.
The rapid surge in the wind energy sector across the world has resulted in the construction of a large number of wind farms. Wind turbines which are often installed on hilltops and high-altitude, mountainous terrains where wind speeds are higher, present a potential threat to the safety of aircraft. With countries like China, and Brazil spearheading global growth in wind energy, strong growth for wind turbine obstruction lighting systems is forecast to stem from developing BRIC countries. Another key factor driving demand in the market is the rapid growth of the telecommunication industry as mirrored by ballooning mobile subscriptions, deployment of 4G LTE networks, and the resulting increase in installations of cellular towers. Also, strong growth in cable TV, satellite TV, and DTTV is spurring media investments in broadcast towers thus creating new business opportunities for obstruction lighting solutions.
As stated by the new market research report on Obstruction Lighting, the United States represents the single largest market worldwide. Asia-Pacific represents the fastest growing market with a CAGR of 7.7% over the analysis period.
Major players covered in the report include BTI Light Systems A/S, Carmanah Technologies Corporation, Hughey & Phillips LLC, Dialight plc, Orga Aviation BV, Flash Technology, International Tower Lighting LLC, TWR Lighting Inc., and Ceravision Limited among others.
The research report titled "Obstruction Lighting: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of trends, issues, strategic industry activities, and profiles of major companies worldwide. The report provides market estimates and projections in US$ for geographic markets such as the United States, 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.
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Obstruction_Lighting_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.
Global Industry Analysts, Inc.
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