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Global demand for Electric Lighting is expected to increase more than 7% per annum

Global demand for electric lighting is forecast to reach $40 billion in 2012 on annual gains of more than seven percent. The emerging economies of China, India and Russia are projected to be the fastest growing markets for electric lighting products through 2012. Driven by rising incomes and rapidly growing nonresidential construction, these three nations will account for 40 percent of the additional demand generated between 2007 and 2012. The greatest gains will come from China, which is expected to be the world’s largest and fastest growing market for electric lighting.

World Electric Lighting report ( http://www.bharatbook.com/Market-Research-Reports/World-Electric-Lighting.html ) presents historical data (1997, 2002 and 2007) plus forecasts (2012 and 2017) by type and market, as well as supply and demand, in six regions and 22 countries.

LED devices to be fastest growing products
Fluorescent lamps are expected to account for the majority of growth through 2012, benefiting from the above average growth of nonresidential construction, as well as increased penetration of residential markets. The incandescent lamp segment is expected to be the slowest growing, restrained by slowing motor vehicle production and weaker residential construction (the segment’s principal markets) as well as greater competition from fluorescent lamps spurred by energy-efficiency concerns.

LED lighting devices are forecast to be the fastest growing products in every regional market over the forecast period, as these products continue to penetrate both the construction and manufactured goods markets. Gains will be particularly fast in the Asia/Pacific region, where demand for LED lighting is expected to nearly double between 2007 and 2012.

Shift in production to Asia/Pacific region to continue
Although demand for electric lighting in the advanced economies is expected to lag the global average, several bright spots exist, including the Netherlands, Taiwan, South Korea and the US. Demand in these nations will benefit from an improved outlook for construction activity over the forecast period. However, throughout most advanced economies growth of the construction market is projected to decelerate. Production of electric lighting is expected to continue to shift to the Asia/Pacific region, largely driven by Chinese manufacturing. This region is projected to account for nearly one-half of global shipments in 2012, a substantial share of which will be exported to the US and Western Europe. Eastern Europe is also forecast to account for an increasing share of global production, owing to increased trade with Western Europe.

For more information please visit: http://www.bharatbook.com/Market-Research/Lighting.html

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