About general lighting
The general lighting market forms the biggest sector of the lighting industry, followed by automotive lighting and backlighting. The general lighting market includes lighting applications for residential, commercial, industrial, architectural, and outdoor purposes. The commercial and residential segments are the major drivers for general lighting market in the BRIC nations. The general lighting comes in two types: traditional and LED. The traditional lightings are categorized into LFLs, CFLs, and others that include incandescent bulbs, halogens, and HIDs. The traditional lighting market will see a decline in the sales because of the rising popularity of LED technology.
Technavio predicts that the general lighting market in BRIC countries will grow at a CAGR of 12.45% over the period 2014-2019.
Covered in this report
This report covers the present scenario and growth prospects of the general lighting market in BRIC countries during 2015-2019. The report covers the residential segment, commercial segment, industrial segment, architecture segment, and outdoor segment lighting products. The report covers the technology landscape of the general lighting industry. It also presents an overview of countries, stating significant facts and information influencing the growth of the market in BRIC countries. The report also categorizes the market on the following basis:
Technavio Announces the Publication of its Research Report – General Lighting Market in BRIC Countries 2015-2019
Technavio recognizes the following companies as the key players in the General Lighting Market in BRIC Countries: Dongguan Kingsun Optoelectronic, General Electric, Koninklijke Philips, NVC Lighting Technology and OSRAM
Other Prominent Vendors in the market are: Cree and Nichia
Commenting on the report, an analyst from Technavio’s team said: “With the improvement in lifestyle and the increasing trend of decorating domestic interiors, the demand for personalized luminaires in the Chinese market has increased. Architectural lighting is used to highlight the important features of a building or a setting. Floor luminaires, outdoor floodlights, and decorative lamps that come in different shapes and sizes are used for the same. Philips has introduced lighting products known as Hue that can sense the presence of a person in home and switch on the lights automatically. They can also detect smoke and raise visual alarms. Furthermore, they can be connected to music systems such that the lighting colors change according to the beats.”
According to the report, the adoption of LED lighting is increasing in BRIC countries due to the launch of new programs and provision of subsidies for lighting manufacturers. China has the largest LED industry in the world. The high concentration is due to the tax benefits and subsidies offered by the government.
Further, the report states that the high import duties on lighting products will be a major hindrance to the market growth.
Dongguan Kingsun Optoelectronic, General Electric, Koninklijke Philips, NVC Lighting Technology, OSRAM, Cree,Nichia