General Lighting Market in North America 2015-2019
About General Lighting
Lighting, general lighting, or ambient lighting refers to fixed light source installations that are used to provide a practical or aesthetic lighting effect. General lighting is used extensively in application segments such as residential, industrial, architectural, hospitality, office, outdoor, and shop. Apart from the categorization of lighting based on its applications, lighting can also be categorized based on technology. Currently, the lighting technologies being used are traditional (CFL, halogen, HID, LFL, and incandescent) and LED-based (LED). The transition in lighting technologies is trending toward energy-efficient lighting, which has led to an increase in technological innovations in the market in recent years.
Technavio's analysts forecast the general lighting market in North America to grow at a CAGR of 2.67% during the period 2014-2019.
Covered in this Report
The report covers the present scenario and the growth prospects of the general lighting market in North America for the period 2015-2019. To calculate the market size, it considers revenue generated from sales of general lighting products in the following application segments:
Technavio Announces the Publication of its Research Report – General Lighting Market in North America 2015-2019
Technavio recognizes the following companies as the key players in the general lighting market in North America: General Electric (GE), Panasonic, Philips and Schneider Electric
Other Prominent Vendors in the market are: Acuity Brands, Advanced Lighting Technology, Bridgelux, Citizens Electronics, Cooper Lighting, Cree, Dialight, Digital Lumen, Energy Focus, Everlight Electronics, Intematix, Lemnis Lighting, LG Innotek, Luminous Devices, Nexxus, Nichia, NVC Lighting, OSRAM Opto Semiconductors, Seoul Semiconductors, Toshiba, Toyoda Gosei and Zumbtobel Group
Commenting on the report, an analyst from Technavio’s team said: “The penetration of LED lighting in the general lighting market in North America will likely increase during the forecast period, as LED lights are considered to be an energy-efficient lighting source alternative compared to traditional lighting sources. They are capable of saving up to 40% of the power consumed by traditional lighting sources. They also provide more light intensity compared to other lighting sources. The ASP of LED lighting, though high at present, is declining, which further enhances market prospects during the forecast period.”
According to the report, the growing global population will likely trigger an increase in the number of residential properties, leading to a high demand for lighting products worldwide. This will lead to a high demand for lighting from the office, shops, hospital, industry, and architecture sectors. Driven by these factors, the demand for customized products based on factors such as utility, power consumption, and color will grow significantly.
Further, the report states that vendors in the region intensely compete with each other for market share and seek to leverage the high potential of the market.
General Electric (GE), Panasonic, Philips, Schneider Electric, Acuity Brands, Advanced Lighting Technology, Bridgelux, Citizens Electronics, Cooper Lighting, Cree, Dialight, Digital Lumen, Energy Focus, Everlight Electronics, Intematix, Lemnis Lighting, LG Innotek, Luminous Devices, Nexxus, Nichia, NVC Lighting, OSRAM Opto Semiconductors, Seoul Semiconductors, Toshiba, Toyoda Gosei, Zumbtobel Group
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