Analysis of the North American Lighting Equipment Market

This research service covers the state of the North American lighting equipment market, examining drivers and restraints for growth, and discussing major trends. Following from these, growth for market segments is forecast. In addition, an in-depth analysis of the competitive landscape including vendors' market shares is performed. The base year is 2011, with forecasts running through 2016. Revenue forecasts are provided. The market is divided into four segments: lamps, ballasts and control gear, fixtures, and lighting controls. These segments are further divided into product types and vertical markets, which also are analyzed in detail.

Introduction

The North American lighting equipment market generated revenue of $xx,xxx.x million in 2011, growing by x.x percent over the previous year. Although the market declined in 2009 and 2010, it is expected to experience steady growth through 2016 -- the end of the forecast period -- due to more stringent code requirements. By 2016, the market is expected to reach $xx,xxx.x million in revenue. It is forecast to grow at a compound annual growth rate (CAGR) of x.x percent from 2011 to 2016.

The key drivers are the increasing demand for energy-efficient lighting equipment as well as supportive legislation and incentives. On the other hand, the key restraints are intense competition, the high cost of advanced products, and, in the short term, the difficult economic environment.

One of the key segments for growth is lighting controls due to increasing control requirements and the trend toward integration. Although integration with automation systems is currently low, integration is expected to increase by the end of the forecast period. Another major market trend is the use of wireless technology. Wireless lighting products are expected to gain traction because they provide added flexibility and easier installation.