|
|
 |
|
Viewing report
|
|
|
|
European Lighting Equipment Market: Opportunities by Vertical Application Sector
Frost & Sullivan, May 2011, Pages: 71
This Frost & Sullivan research service titled European Lighting Equipment Market: Opportunities by Vertical Application Sector offers a comprehensive overview of the market including industry challenges, key market drivers and restraints. Included are discussions of market size and forecasts by vertical end-user applications.
Market Sectors Covered:
- Offices
- Retail
- Hospitality and leisure
- Industry
- Education (both public and private sectors)
- Healthcare (both public and private sectors)
- Public outdoor
- Residential
- Others (including stadiums, military facilities and cultural sites, among others)
Technologies Covered:
- Luminaires
- Lamps
- Control gear
- Lighting controls
- Emergency lighting
Reasons to Buy:
This comprehensive, objective information allows your company to
- mitigate risk
- identify new opportunities
- drive effective strategies for growth
MARKET OVERVIEW
Drive for Energy Efficiency to Create Growth Potential across all End-user Segments
To stimulate new demand in a long-time conservative market and exploit opportunities that exist within various vertical application sectors, participants in the European lighting equipment market have been increasing their vertical focus, offering products and expertise specific to end-user applications.
With the promotion of energy-efficient lighting, especially the introduction of light emitting diodes (LEDs), manufacturers are now also keen on leveraging their vertical focus to identify demand patterns for this new technology.
“The trend towards energy efficient lighting is a growth driver across all vertical end-user segments,” notes the analyst of this research. “Promoting energy efficient and intelligent lighting technologies is not an option anymore but has become a must for market survival; this is especially true for applications with dominance of functional lighting.”
Although the predicted large-scale uptake of LED technology is unlikely to happen before the end of the forecast period, it has already made inroads in various applications within specific verticals. The shift towards LED will have implications for all lighting segments, requiring market participants to align not just their products, but also their supply and distribution strategies.
Lighting equipment manufacturers will continue to benefit from the residential vertical, which is the most affected by the phase-out of incandescent lighting. The rise of more energy-efficient lamp technologies like halogen lamps, compact florescent lamps (CFLs) and LEDs will continue to force more consumers to get the corresponding luminaires.
Participants to Focus on Refining Vertical Focus to Maximise Growth
While growth is predicted across all end-user verticals over the forecast period, varying growth levels indicate opportunities depending on specific applications and/or specific geographies. This is largely determined by the impact of macro-economic as well as legislative drivers. “Growth opportunities also vary within end-user verticals, depending on the application segment within the vertical”, explains the analyst. “An example is office lighting which experiences demand when linked to energy efficiency retrofits in large offices while not experiencing the same in small and medium sized offices.”
Leading lighting manufacturers will continue to increase their vertical focus, including vertical-specific value-add offerings and sales and distribution strategies. The benefits of such a strategy will become even more tangible as the increase of lighting products in range and functionality call for more differentiation.
Product samples
A sample for this product is available. Please Login/Register to download this sample.
|
|
|
|
