Latest from Mag

Plenty of executive appointments over the past two weeks. Here’s Electrical Marketing’s expanded coverage of personnel changes in the electrical market.
Dec. 21, 2012
Wire man John Pasqual and lighting rep Jack Melnick
Dec. 21, 2012
Image
Electrical product prices remained on their flat trend, showing no change from October and little change in almost all major product categories.
Dec. 21, 2012
Image
Privately-owned housing starts in November were at a seasonally adjusted annual rate of 861,000, 3% below the revised October estimate, but 21.6% above the Nov. 2011 rate.
Dec. 21, 2012
Veteran reps form new agency in Raleigh; WinWholesale buys Lloyd Graves in Texas; United Electric Supply expands through acquisition; and more.
Dec. 21, 2012
W.W. Grainger Inc., Lake Forest, Ill., announced plans to purchase Techni-Tool Inc., Worcester, Pa., a 200-plus employee distributor supplying customers in the cable television...
Dec. 21, 2012
Kaman Industrial Technologies (KIT), the industrial distribution business Kaman Corp., Bloomfield, Conn., has built up in recent acquisitions of Minarik, Zeller Electric and others...
Dec. 21, 2012
New York Mayor Michael Bloomberg offered an update on the city’s plans to renovate its infrastructure to withstand future storms.
Dec. 7, 2012

Global Demand for Lighting Equipment Expected to Grow Through 2006

Manufacturers and distributors of lamps and lighting fixtures can expect steady growth through 2006, according to a new market study. According to a study
March 7, 2003
2 min read

Manufacturers and distributors of lamps and lighting fixtures can expect steady growth through 2006, according to a new market study.

According to a study published by The Fredonia Group Inc., a Cleveland-based industrial market research firm, revenues in world lighting equipment (lamps and lighting fixtures) totaled $78.7 billion in 2001 and are projected to jump 5.3 percent per annum through 2006 to $102 billion.

Gains are expected to compare favorably to the 1996-2001 pace because of accelerating global economic growth, which will stimulate construction and manufacturing activity, the two principal determinants of lighting equipment demand, the report said. The most rapid growth in lighting equipment demand is forecast for the developing areas of Asia/Pacific, Latin America, Eastern Europe and Africa/Mideast. Lighting equipment demand in the mature Japanese market will grow below the global average. Gains for lighting equipment in the more mature regions of North America and Western Europe will be below the global average. North America and Western Europe will, however, continue to be leading markets for lighting equipment through 2006, accounting for over one-half of the global total.

Both lamps and lighting fixtures are expected to benefit from advances in global economic growth and the increasing focus on reducing energy consumption, which will bolster use of more energy-efficient, and often high-priced, product types. Demand gains for lighting fixtures are expected to outpace lamp growth.

Construction markets are expected to offer above-average growth prospects through 2006.