Lighting Fixture Market

Lighting Fixture Market

  • Submitted By: hawer
  • Date Submitted: 09/04/2015 2:54 AM
  • Category: Technology
  • Words: 1052
  • Page: 5

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Global lighting fixture market is expected to generate substantial revenue, owing to the exponential urban growth
and driving demand for energy efficient lightings. Lighting fixture market can greatly contribute by providing energy
efficient solutions. Application of light emitting diode (LED) in lighting fixture can decrease energy consumption to
significantly low level that energy produced can be saved and utilized for other more essential applications. Thus,
increasing installations of LEDs can curtail the total energy demand worldwide substantially. Industrial transition
driven by LED could potentially affect the structure of lighting fixture market. The global lighting fixture market is
expected to remain regionally fragmented, wherein China is the most fragmented market, owing to the fact that
purchasing decisions in the lighting fixture industry is not made alone by the end users. Many professionals are
involved in the decision making process such as architects, electrical engineers and lighting designers, who are
considered to be the key decision makers. Lighting fixture market is projected to grow continuously in contrast to
light source market. Technical drivers such as emerging LEDs and lighting control system can become a success
factor in most lighting fixture applications.
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