Lighting Sector: 4% CAGR Through 2020

LEDA new TechNavio report analyzing the professional luminaire sector predicts that the sector will grow by a compound annual growth rate (CAGR) of almost 4 percent through 2020.

The growth, the report says, will be driven by urbanization and industrialization. Lighting, which consumes about 20 percent of global electricity, has led governments to focus on energy efficient luminaires. This will drive the growth of LEDs, compact linear fluorescent and compact fluorescent lighting. The Asia Pacific region will account for more than half of the market and dominate the market. The leading brands in the sector are Acuity Brands, GE Lighting, OSRAM, Panasonic and Philips, according to TechNavio.

The addition of Internet of Things (IoT) sensors to LEDs will gradually enable them to network for management of lighting, power and related functions.

Packaging LED & Advanced Rooftop Unit Control (ARC) Retrofits for Maximum Performance
Sponsored By: Transformative Wave

  
Choosing the Correct Emission Control Technology
Sponsored By: Anguil Environmental Systems

  
Financing Environmental Resiliency and a Low-Carbon Future with Green Bonds
Sponsored By: NSF International

  
10 Tactics of Successful Energy Managers
Sponsored By: EnergyCap, Inc.

  

Leave a Comment

User Name :
Password :
 
If you've no account register here first time
User Name :
User Email :
Password :

Login Now