European Energy Efficiency Lighting Market to Grow

NEW research predicts steady growth is forecast for the European lighting market across all sectors with retail and hospitality experiencing fast growth due to their preponderance of expensive decorative lighting.

The market will be driven by the shift towards more intelligent and energy efficient lighting. In particular, the predicted "LED revolution" will provide significant growth opportunities, thus acting as a major driver for the total lighting market.



New analysis from Frost & Sullivan (buildingtechnologies.frost.com), European Lighting Equipment Market: Opportunities by Vertical Application Sector, finds that the market earned revenues of $19,404.3 million in 2010 and estimates this to reach $23,914.2 million in 2017. The following verticals are covered in this study: offices, retail, hospitality and leisure, industry, education (both public and private sectors), healthcare (both public and private sectors), public outdoor, residential and others (including stadiums, military facilities and cultural sites, among others).



"The trend towards energy efficient lighting is expected to drive all vertical end-user segments," notes Frost & Sullivan Industry Analyst Michael Meyer. "Promoting energy efficient and intelligent lighting technologies is no longer an option, but has become a must for participants to survive in this market, especially in the functional lighting segment."


Picture: Filament by Jeff Golden reproduced under CCL.

Wednesday 5th October 2011


Add New Comment:

Comments

To Comment you must be a member of The ESA, please login or register to join

There are currently no comments, be the first to comment above.