Energy efficient lighting is becoming
increasingly important as an immediate solution to rising electricity
consumption, with the increasing compatibility of Compact Fluorescent Lamps
(CFL) with existing lighting infrastructure spurring sales, according to a new
report by business intelligence company GlobalData.
The new report* found that the CFL market
will flourish over the next few years, due to a steep rise in the market for new
lamps and for replacements.
Lighting appliances consume approximately
19% of total generated electricity. Environmental concerns and government
awareness programs drive the CFL market, as the need to decrease emissions has
compelled countries to look for clean technologies.
North America consumes the largest amount
of electricity for lighting globally, followed by Europe.
Many governments of countries within these regions have initiated awareness
programs to lower the financial and environmental implications of their energy
usage, and energy efficient lighting solutions such as CFLs are addressing
these issues.
The need for efficient power consuming
technologies has also boosted the sales of CFLs in many developing countries,
proving that the technology is attractive at all economic levels. The global
market for CFLs is therefore increasing with the adoption of energy efficient
lighting.
The phase-out of inefficient lamps drove
CFL unit sales throughout 2006-2010, and the continuation of this phase-out until
2014 is expected to support the CFL market in the future.
The replacement market is expected to
increase its contribution in total CFL sales during the forecast period, due to
the growing use of CFLs worldwide. In 2010, the replacement market consisted of
around 40% of total CFL sales, but by 2020, much of the world will have already
adopted this technology, and so over 85% of sales will stem from the lamp
replacement market.
Favorable legislation, rising energy
demand, and environmental concerns are major market drivers. However, market
growth is still inhibited by a lack of uniform standards, lack of awareness
among consumers, hazards in waste disposal, and the expensiveness of CFL
products. If these issues are overcome, the growth of the CFL market could soar.
The global CFL market size increased from
$6.82 billion in 2006 to $9.44 billion in 2010 at a CAGR of 8.4%. Revenue from
CFL sales is expected to increase by about 4% over the next ten years to reach approximately
$14 billion by the end of 2020.
*Compact Fluorescent Lamp (CFL) Market -
Global Market Size, Price Analysis, Regulations and Key Countries Analysis to
2020
This report provides an understanding of
the technology, key drivers and challenges in the global CFL market. It
provides detail overview on CFL technology, which includes key features and
basis of CFL classification, and provides historical (2006-2010) and forecast
data to 2020 for CFL unit sales, average price per unit, and market size for
global and key countries such as the US, Canada, Brazil, Mexico, Germany, the
UK, China and Japan. The research provides a brief overview of major companies
such as GE Lighting, LLC, Osram GmbH and Philips Lighting at a global level.
Key countries section in the report also covers key regulations supporting the
CFL market development and a market index, which compares a country’s CFL
market based on certain parameters.
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