US demand to increase 4% annually through 2013 US demand for lamps is forecast to grow four percent per year through 2013 to $7 billion. Federal regulations intended to reduce the energy consumed by lighting will generate double-digit annual demand gains for fluorescent lamps and cause an offsetting contraction in demand for conventional incandescent lamps.
The Energy Independence and Security Act of 2007 effectively bans the sale of general service incandescent lamps starting in 2012, and compact fluorescent lamps (CFLs) are expected to replace most of these lamps as they burn out. Demand for CFLs will surge more than 20 percent annually through 2013 as consumers transition to the new technology. But long-term demand will ultimately proceed at a slower pace as CFLs last much longer than the incandescent lamps they will replace.
Light emitting diodes (LEDs) pose a serious threat to future lamp demand. Although their high price has limited their usage so far, technological innovations that reduce costs and improve performance will likely lead to the widespread adoption of LED-based lighting devices. In the long term, lamps are expected to lose market share to LEDs, especially in such markets as motor vehicles and nonresidential buildings.
Please Note: Freedonia requires that, for PDF orders, clients sign a confidentiality agreement prior to fulfillment of PDF email delivery.
Additional Information
Metal halide, halogen lamps to post strong gains Metal halide lamps will lead the highintensity discharge (HID) product segment through 2013. As mercury vapor lamps are phased-out of the market, metal halide lamps will gain market share in outdoor lighting applications. Furthermore, metal halide lamps are increasingly finding use as high-end motor vehicle headlamps.
Halogen lamps are also forecast to grow especially fast through 2013, benefiting from the ban on general service incandescent lamps. Although less efficient and shorter-lived than CFLs, halogen lamps outperform CFLs in terms of color rendering, and they do not contain mercury. Furthermore, demand for halogen lamps will also benefit from recovering production of motor vehicles, as halogen lamps find widespread use as headlamps.
Residential, nonresidential buildings to remain leading US lamp markets Buildings account for the majority of lamp demand, and this market will enjoy above-average gains through 2013. Residential buildings will largely be responsible for this growth, due to a surge in demand for CFLs as general service lamps are phased out of the market. However, demand in nonresidential buildings will also accelerate through 2013, as new federal regulations raising the minimum efficiency of general use fluorescent lamps raise the average cost of fluorescent lamps going forward.
Study coverage Details on these and other findings are contained in Lamps, a new Freedonia industry study available for $4800. It presents historical demand (1998, 2003 and 2008) plus forecasts (2013 and 2018) for lamps by product and market. The study also considers market environment factors, evaluates company market share and profiles nearly 35 competitors in the US industry.
(0 items)
