Transition to Solid State Lighting Leads to Decline in Fluorescent Bulb Sales, According to a New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) November 07, 2013
Follow us on LinkedIn – The global lighting industry is witnessing a sea change, with constant replacement of old technologies with newer, more energy efficient lighting technologies that address issues such as global warming. The emergence of novel technologies has captured the industry’s attention in the recent years. The phasing out of traditional incandescent bulbs augured well for fluorescent bulbs, particularly energy saving compact fluorescent bulbs. However, the rapid penetration of LEDs due to its rising efficiency and declining price is forecast to dent prospects of these energy efficient replacements of incandescents over the coming years.
For the present however, fluorescent lamps, including linear fluorescent and compact fluorescent lamps (CFLs), dominate the global lighting market in value terms. Popularity of CFLs increased rapidly since their full-fledged commercial introduction in the 1990s. However, CFLs before becoming popular had to overcome several technical deficiencies such as low light quality, flickering, etc. The high cost factor also hindered market prospects in the initial years. However, continued technological advancements led to significant enhancements in both the form and size of CFLs over time. The bulbs are no more bulky and are available in different shapes and sizes at low prices.
Over the next few years, fluorescent bulbs are expected to lose to LEDs as mainstream replacements for the phased out incandescent lamps. LEDs are fast emerging as the new lighting technology with much higher energy efficiency and a far better light quality than fluorescents. Despite being the replacement of choice for incandescents, sales of CFLs are expected to be limited against the backdrop of growing concerns over their safe disposal. Also, the global CFL market is confronted with issues such as the lack of international quality standards and increasing prices of rare earth elements that can affect bulb production and phase out of certain outdated fluorescent bulb types in major markets. Moreover, the relatively longer life of the product compared to incandescent bulbs is expected to result in decline in replacement demand.
As stated by the new market research report on Fluorescent Bulbs, Asia-Pacific represents the largest market worldwide. China dominates global CFL production and consumption. The country is the world’s CFL production hub exporting bulbs worldwide. Given the pressing need for power savings, the Chinese government recently increased its involvement in the replacement of energy inefficient incandescent bulbs with the relatively efficient CFLs and LEDs.
Major companies covered in the report include Bajaj Electricals Limited, Crompton Greaves Ltd., Feit Electric Company, General Electric Company, Havells India Limited, Havells USA, Koninklijke (Royal) Philips Electronics N.V., Litetronics International Inc., Osram GmbH, Surya Roshni Ltd., and Wipro Enterprises Limited.
The research report titled “Fluorescent Bulbs: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, product launches, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections in US dollars for major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Middle East & Africa and Latin America (Brazil, and Rest of Latin America).
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.