U.S. market demand for lighting to 3% annual growth rate

According to a new report published Freedonia show that future U.S. market demand for lighting will be more than 3% annual growth rate is expected to 2012, the United States lighting market sales value will reach $21 billion 600 million.

2002-2007 years, the average annual growth rate of the United States demand for lamps is 3%, but this period of growth is mainly due to rising prices, is expected from 2007 to 2012, the demand for lamps will be significantly increased. The first American building to be optimistic about market prospects, especially housing and transportation infrastructure construction, which will greatly increase the demand for American manufacturing lamps; lamps for market demand will increase, this is because the American car production will increase. From the national market point of view, the demand for new lamps will be more and more large, such as high intensity gas discharge lamp (HID) lamps and light emitting diodes (LED), because these products are more energy-efficient than traditional incandescent lighting systems.

Residential market growth prospects are promising. From 2002 to 2007, lighting demand due to increased amount of housing built after 2001, with the 2005 housing demand is saturated, and the mortgage market credit crisis, housing completions dropped, resulting in the demand for residential lighting lamps correspondingly shrinking. Expected from 2007 to 2012, the real estate market will pick up again, the demand for lamps will be greatly increased.

In the automotive market, the demand for OEM lamps is expected to be higher than the previous demand. It is expected that the United States auto industry will recover from 2007 to 2012, and the output of automobiles will rise to a record high. This is due to the wide application of advanced lighting equipment in automobiles, including the use of HID and LED light source.

Energy efficient lighting and lighting will occupy the initiative. By 2012, the fastest growing lighting products are expected to be high energy efficient products. Along with the rising cost of energy and more and more environmental problems, the energy efficiency requirements of enterprises and households will be higher and higher. As a result, the use of efficient light source lighting needs (such as fluorescent lamps, halogen lamps and HID lights) will show a steady growth trend.