Global lighting demand — “projected to climb 6.9 percent annually through 2016 to $153 billion.”
More.
Product sales will be driven primarily by a strong global rebound in motor vehicle output and an acceleration in building construction activity. Efforts to conserve energy and convert to more efficient light source technologies will also boost gains, particularly as sales of incandescent and other less efficient lamps are being phased out through much of the world. Increased use of these higher-end fixtures will also contribute to gains in value terms. In the developing world, ongoing efforts to modernize the building stock, coupled with increasing urbanization and rising incomes will further aid advances.
The new Freedonia industry study presents historical demand data for 2001, 2006 and 2011, plus forecasts for 2016 and 2021 by product, market, world region and for 24 major countries. The study also considers market environment factors, evaluates company market share and profiles 39 industry competitors, including Acuity Brands, Cooper Industries, HELLA and Koito Group.
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EleBlog note: This is posted here on EleBlog despite the fact that the proprietor here has — for perhaps nearly 2 decades — has serious reservations about Freedonia Group’s approach to market projections.
Source: http://electricalcontractor.com/?p=6576
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