Email
Password
Remember meForgot password?
    Log in with Twitter
Press Release

Smart Lighting Is a Lucrative Investment Area for Players in Global Energy Efficient Lighting Market, Reports TMR

Transparency Market Research has published a new report "Energy Efficient Lighting Market (Lighting Source - High-intensity Discharge Lamps (HID), Linear Fluorescent Lamps (LFL), Light Emitting Diodes (LED)) - Global Industry Analysis, Size, Share, Growth Trends, And Forecast 2016 - 2024" to its report store.

This press release was orginally distributed by SBWire

Albany, NY -- (SBWIRE) -- 10/27/2016 -- The top three players in the global energy-efficient warehouse lighting market, namely Philips Lighting Holding B.V., Eaton, and General Electric Company, accounted for nearly 83% of the overall market in 2015, with Philips and Eaton holding an almost similar percentage of shares. Despite this, the presence of numerous small-sized local players, especially in China, has been giving large, international vendors stiff competition, Transparency Market Research (TMR) has found.

"Smart lighting technology has emerged as a leading opportunity for companies in the energy-efficient warehouse lighting market," the author of the study states. Smart lighting has the ability to reduce overall energy consumption, which is making it an attractive investment for warehouse owners. As end users become informed about the benefits of automated smart lighting systems, together with modern CFL, LED, and OLED lamps, their sales are expected to rise.

Interpret a Competitive outlook Analysis Report with PDF Brochure : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=12989

Increased R&D activities and partnerships for the development of advanced and energy-efficient lighting systems is also a key strategy adopted by several players. A case in point would be Philips. In February 2016, Koninklijke Philips N.V. separated its lighting business to establish Philips Lighting Holding B.V. This has allowed the company to sharpen its strategic focus toward its core competent business. Later in June 2016, this new business joined hands with Netherlands-based Dummen Orange to conduct R&D activities in the LED segment.

Government Mandates Support Use of Energy-efficient Warehouse Lighting

"The demand for energy-efficient warehouse lighting has received significant impetus from companies looking to reduce their energy consumption in warehouses," a TMR analyst states. Compared to traditional incandescent lighting systems, advanced and smart lighting solutions such as LED and CFL help companies conserve energy and save on costs. The demand for energy-efficient warehouse lighting has risen with their growing usage in refrigeration, lighting, cooling and ventilation, material handling, and others applications in warehouses.

The energy-efficient warehouse lighting market has also been supported by favorable government regulations around the world. For instance, the U.S. government has banned the use of incandescent lighting in warehouse spaces. It has also provided vendors utility rebates, thereby boosting the use of energy-efficient lighting solutions. Several European countries have implemented Energy Performance Certificates, which require commercial spaces to adhere to energy-efficient processes and requirements.

In contrast, high initial investments and undefined technology issues discourage numerous companies from making the switch to energy-efficient warehouse lighting.

Demand for LFLs to Decline as LEDs Gain Prominence

"The global market for energy-efficient warehouse lighting will witness impressive growth in the coming years," the TMR analyst predicts. Registering a strong CAGR of 13.4% from 2016 to 2024, the opportunity in the market is projected to be worth over US$15 bn by the end of the forecast period, rising from US$4.2 bn in 2014.

Complete Report with TOC : http://www.transparencymarketresearch.com/energy-efficient-lighting-market.html

Asia Pacific has led the energy-efficient warehouse lighting market at the start of the forecast period and will continue its streak through 2024, accounting for a share of over 45% in terms of revenue. By lighting source, linear fluorescent lamps (LFLs) led the overall market in 2014. However, owing to the increasing popularity of and demand for light emitting diodes (LED), the dominance of LFLs is anticipated to be toppled by LEDs.

Energy Efficient Lighting Market: By Lighting Source

High-intensity Discharge Lamps (HID)
Linear Fluorescent Lamps (LFL)
Light Emitting Diodes (LED)
Other Lighting Sources

About Transparency Market Research
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR's syndicated reports strive to provide clients to serve their overall research requirement.

For more information on this press release visit: http://www.sbwire.com/press-releases/energy-efficient-lighting/release-736965.htm

Media Relations Contact

Transparency Market Research
Email: Click to Email Transparency Market Research
Web: http://www.transparencymarketresearch.com/energy-efficient-lighting-market.html