August 8, 2007

Study: Sales Of Advanced Lighting Products To Reach $4.4 Billion

Bookmark and Share Email this story Print this post Add your comments

U.S. demand for advanced lighting products is forecast to rise nearly 14 percent per year through 2011, reaching $4.4 billion, according to Advanced Lighting, a new study from The Freedonia Group. Gains will be fueled by consumer desires for more energy efficient lighting, which will boost demand for compact fluorescent lamps. By 2011, CFLs are expected to replace incandescents as the dominant choice in residential building applications.

Development of improved light emitting diode technology will create opportunities for these products in lighting applications. Already gaining share in the motor vehicle market, LEDs pose a longer term threat to CFLs in building applications.

Although U.S. demand for advanced lighting will be robust, growth in domestic production will be modest. Shipments of advanced lighting products are projected to rise less than two percent annually through 2011, reaching $1.6 billion. The U.S. is a net importer of advanced lighting products, and the trade deficit will widen as imports continue to expand faster than both overall demand and exports through 2011.

Compact fluorescent lamps are expected to post the fastest gains through 2011. Among markets, building applications are expected to post the strongest gains, as CFLs take market share from traditional incandescents. Demand in the motor vehicle market will benefit from the rising use of high intensity discharge lamps in headlamp applications. In addition, rising light vehicle production will boost gains as a matter of course. Signage applications will present opportunities, as LEDs supplant neon in many areas.

Bookmark and Share Email this story Print this post Add your comments

Advertisers

Join the Discussion

Reader Comments

interesting story. demand for LED in romania may be expected to grow too, as the govt increases standards for energy efficiency.

Get EL Daily in your inbox, subscribe to free newsletter

Recent Daily News [ see all ]

  • 11/06/2009
  • 11/05/2009
  • 11/04/2009

Industry Voices [ see all ]

Greening the Automotive Supply Chain

Greening the Automotive Supply Chain

A Roadmap for a Renewable Energy Partnership

A Roadmap for a Renewable Energy Partnership

Forest Carbon Core to Climate Change Deal

Forest Carbon Core to Climate Change Deal

ARPA-E Deserves Support

ARPA-E Deserves Support

VCS and CarbonFix Tops in Review of Forestry Carbon Standards

VCS and CarbonFix Tops in Review of Forestry Carbon Standards