USA - According to a new market research report, Global Emerging Lighting Technologies Market (2009-2014), published by MarketsandMarkets (http://), the global emerging lighting technologies market is expected to be worth US$112.2 billion By 2014, recording an estimated CAGR of 7.9% from 2009 to 2014. The North American market is expected to account for nearly 39% of the total revenues.
The increase in the living standards and changing lifestyles has led to a greater demand for energy-efficient new lighting technologies over the traditional incandescent and halogen lighting. A wide number of application areas ranging from small household lighting to commercial and industrial lighting have been benefited by These emerging lighting technologies.
The fulcrum has further shifted in favor of these new technologies by virtue of their availability in different sizes and shapes and with different fixtures to justify their usage in the widely varied application areas. With US and Europe holding the major chunk of the market share currently, Asia is seen as an emerging market with tremendous potential, particularly in countries like India and China.
Though the market is being boosted by the improved energy efficiency obtained, but there are challenges to be overcome. High initial cost and health and environmental concerns in developed countries are some of the major hiccups for the industry.
The current market trends show the increasing market size for emerging lighting technologies in both the developed and developing countries. With continued efforts and research to overcome the challenges, and development of improved products at affordable prices, the market is set for a roll- On for the next several decades.
The global emerging lighting technologies market is expected to be worth US$112.2 billion by 2014, growing at an estimated CAGR of 7.9% from 2009 to 2014. Fluorescent lighting forms the largest market segment; and is expected to reach US$82.6 billion by 2014 at a CAGR of 7.9% for the same period.
The increase in the living standards and changing lifestyles has led to a greater demand for energy-efficient new lighting technologies over the traditional incandescent and halogen lighting. A wide number of application areas ranging from small household lighting to commercial and industrial lighting have been benefited by These emerging lighting technologies.
The fulcrum has further shifted in favor of these new technologies by virtue of their availability in different sizes and shapes and with different fixtures to justify their usage in the widely varied application areas. With US and Europe holding the major chunk of the market share currently, Asia is seen as an emerging market with tremendous potential, particularly in countries like India and China.
Though the market is being boosted by the improved energy efficiency obtained, but there are challenges to be overcome. High initial cost and health and environmental concerns in developed countries are some of the major hiccups for the industry.
The current market trends show the increasing market size for emerging lighting technologies in both the developed and developing countries. With continued efforts and research to overcome the challenges, and development of improved products at affordable prices, the market is set for a roll- On for the next several decades.
The global emerging lighting technologies market is expected to be worth US$112.2 billion by 2014, growing at an estimated CAGR of 7.9% from 2009 to 2014. Fluorescent lighting forms the largest market segment; and is expected to reach US$82.6 billion by 2014 at a CAGR of 7.9% for the same period.
Emergency Lighting Kits,LED Emergency Lights Kits,Emergency Mini Spot Lights Kits
Lighting-Hazardous Co., Ltd. , http://www.nsemergencylight.com