Expansion of Global Lighting Product Industry is Forecast to Reach 5.5% P.A.

Date: 2015-08-12

“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%).”

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