Global demand for lighting products is forecast to expand 5.5% p.a. between 2015 and 2019. Bolivia, China, Japan, the United States and Vietnam are considered the highest potential markets in the coming years.
Lewes, DE -- (SBWIRE) -- 02/06/2015 -- According to recently published research conducted by a leading international market research company, Global Research & Data Services, the expansion of the global lighting product industry is forecast to reach 5.5% p.a. in the coming years. Between 2008 and 2014 the market increased with an average annual growth of 6.2%. Currently, electric ceiling and wall lighting fittings account for 20.2% of the global demand while the remaining market share is divided between fluorescent lamps (hot cathode) (9.4%), portable battery and magneto-electric lamps (5.3%), electric desk, table, floor and bedside lamps (4.8%), filament lamps (tungsten halogen) (4.4%), mercury and sodium vapour lamps (3.0%), non-electrical lighting fittings and lamps (2.1%), filament lamps (power not exceeding 200 W, voltage more than 100 V) (2.1%), infra-red and ultra-violet lamps (1.8%), illuminated signs (1.7%), arc-lamps (1.0%), sealed beam lamp units (0.8%), other lighting products (33.8%) and parts of lighting products (9.6%).
China, Germany, Japan, the United Kingdom and the United States represent the largest lighting product markets while the strongest annual growth is forecast to occur in Vietnam (11.3%), the United States (11.1%), Bolivia (10.1%), Jordan (8.2%) and Philippines (7.5%).
The information is extracted from a recently published reports: Global Lighting Product Market Reports
Based on in-house analysis and an advanced model which takes into consideration the actual market size, trends, forecast market growth, and changes in the market environment, Global Research and Data Services calculates the Market Potential Rates, the predicted market potential of the country in the coming years. The larger the Market Potential Rate, the more potential the market has in the coming years; and conversely, the smaller the rate, the less potential the market is considered to have in the future. Based on these Market Potential Rates, the top 20 highest potential lighting product markets in the coming years. (Image)
The market information is based on new industry data reports recently published by Global Research & Data Services. The reports offer the most up-to-date market data on the actual market situation, trends, and future outlook for lighting products in the world and individually for the following countries:
Argentina, Armenia, Australia, Austria, Azerbaijan, Bangladesh, Bolivia, Brazil, Bulgaria, Canada, Chile, China, Colombia, Czech Republic, Denmark, Ecuador, Egypt, Estonia, Finland, France, Georgia, Germany, Greece, Hungary, India, Indonesia, Iran, Ireland, Italy, Japan, Jordan, Kazakhstan, Kyrgyzstan, Latvia, Lebanon, Lithuania, Macedonia, Malaysia, Moldova, Mongolia, Morocco, Nepal, Netherlands, Norway, Oman, Pakistan, Panama, Peru, Philippines, Poland, Portugal, Romania, Russia, Singapore, Slovakia, Slovenia, South Africa, South Korea, Spain, Sri Lanka, Sweden, Thailand, Turkey, Ukraine, United Kingdom, United States, Vietnam.
The reports include historic market data from 2008 to 2014 and forecasts until 2019 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, analysts, and other people looking for key industry data in readily accessible and clearly presented tables and graphs.
The latest market data for this research include:
- Overall lighting product market size, 2008-2019
- Lighting product market size by product segment, 2008-2019
- Growth rates of the overall lighting product market and different product segments, 2008-2019
- Shares of different product segments of the overall lighting product market, 2008, 2014 and 2019
- Market Potential Rates of the overall lighting product market and different product segments
The product segments discussed in the reports include:
- Portable battery and magneto-electric lamps
- Sealed beam lamp units
- Filament lamps (tungsten halogen)
- Filament lamps (power not exceeding 200 W, voltage more than 100 V)
- Other filament lamps
- Fluorescent lamps (hot cathode)
- Mercury and sodium vapour lamps
- Other discharge lamps
- Arc-lamps
- Infra-red and ultra-violet lamps
- Electric ceiling and wall lighting fittings
- Electric desk, table, floor and bedside lamps
- Non-electrical lighting fittings and lamps
- Illuminated signs
- Other lighting products
- Parts of lighting products
The report s help answering the following questions:
- What is the current size of the lighting product market in the world and in different countries?
- How is the lighting product market divided into different product segments?
- How are the overall market and different product segments growing?
- How is the market predicted to develop in the future?
- What is the market potential compared to other countries?
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http://www.marketresearchreports.com/blog/2015/02/04/world-lighting-product-market-grow-55-annually-2015-2019
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