The Global Market for Fluorescent Bulbs is Forecast to Decline to US$8.3 Billion by 2020

Cannibalization by LED Lighting Technology Aggravates the Decline in Demand for Fluorescent Bulbs, According to a New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Fluorescent Bulbs. The Global market for Fluorescent Bulbs is forecast to decline to US$8.3 billion by 2020, constrained by the cannibalizing popularity of LED bulbs in general lighting applications.

Despite being considered as energy efficient and an ideal replacement for traditional incandescent bulbs, fluorescent bulbs are facing a strong competitive threat from light-emitting diode (LED) bulbs. As a semiconductor based light source, LEDs are far more efficient than fluorescent bulbs and in the coming years are forecast to take over the global lighting market. Technology advancements and improvements in performance are helping prepare the emergence of LED as an ideal replacement for not just incandescent bulbs but also for compact fluorescent lamps (CFLs). A key drawback of CFL bulbs is the incompatibility of the technology with light and motion sensors. On the other hand, key benefits of LED driving its adoption worldwide include longer life, energy efficiency, environment friendly, zero UV emissions, efficient and effective light dispersement, resistance to extreme temperatures and instant lighting when powered on.   

CFLs have currently hit their saturation levels, growing continuously ever since their full-fledged commercial launch in the 1990s. Over the years, incremental technology developments in CFL have helped address issues related to low lighting quality, lightbulb flickering, and mercury content. Significant enhancements in both the form and size of CFLs played key roles in shaping growth in the market. The development and launch of T5 Grow Lights, Smart Dimmers, and shatterproof fluorescent bulbs, and LED fluorescent tubes, are expected to alleviate the slowdown in growth in the fluorescent bulbs market in the medium term. However, in the long run, fluorescent bulbs are expected to lose to LEDs as mainstream replacements for incandescent lamps.

As stated by the new market research report on Fluorescent Bulbs, Asia-Pacific represents the largest market worldwide. The region’s dominance is guided by the relatively slow adoption of LEDs in price sensitive countries. China dominates the world’s production and consumption of CFLs.

Key players covered in the report include Bajaj Electricals Limited, Crompton Greaves Ltd.,
Feit Electric Company, General Electric Company, Havells India Limited, Havells USA, Koninklijke Philips N.V., Litetronics International Inc., Osram GmbH, Surya Roshni Ltd., and Wipro Enterprises Limited, among others.

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, and Latin America (Brazil, and Rest of Latin America). Product segments analyzed in the report include Compact Fluorescent Lamp (CFLs) and Linear Fluorescent Lamp (LFLs).

Comments

Post a Comment

Popular posts from this blog

The Global Market for Surfing is Projected to Reach US$9.5 Billion by 2022

Rise of Surfing as a Lifestyle Sport Among all Age Groups Drives the Global Surfing Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Surfing market. The global market for Surfing is projected to reach US$9.5 billion by 2022 , driven by the growing interest in surfing both as a leisure and sporting activity, increased accessibility to surfing through surf parks and surf pools and technology innovations focused on developing sophisticated surf-wear and surf-gear.                               Surfing is a surface water sport where a participant riding a board (the surfboard) is carried away by a breaking wave. The surfing industry continues to evolve, driven by sustained efforts of s...
Read more

The Global Market for Private Tutoring Services is Forecast to Reach US$227 Billion by 2022

Intense Competition among Students and the Growing Need to Achieve Academic Excellence Drive the Global Private Tutoring Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Private Tutoring market. The global market for Private Tutoring Services is forecast to reach US$227 billion by 2022 , driven by the need to keep pace with classroom teaching, improve overall competency and enhance knowledge and skill level. Education is considered the social ladder to achieve success in personal and professional life. Higher education is associated with increased opportunities in the labor market, high remunerations, and improved social standing. People are therefore investing heavily in children’s education, including private tutoring or private supplementary tutoring which is emerging as a major phenomenon in the global education system...
Read more
Image
The global market for Material Handling Equipment is projected to reach US$190.3 billion by 2025, driven by the strong emphasis shed on production and operational efficiency and worker safety. The concept of “last mile” is widely popularized in supply chain management and transportation planning for its ability to increase customer satisfaction and profitability. Automation, optimization and delivery route planning are therefore vital strategies adopted by companies to improve their last mile performance. Of equal importance are the “first mile” operations involving indoor material handling on the plant floor. Raw material being the primary and most importance element in manufacturing needs to move through multiple stages of production and final packaging in a smooth and seamless manner to prevent logistical bottlenecks in production. Timely handling of materials is important to ensure that right materials in right quantities are delivered to the right locations at the right ti...
Read more