Study looks at lighting demand
Demand for compact florescent lamps (CFLs) is expected to grow 21% on an annual basis through 2013, according to a study released by the Freedonia Group, a Cleveland-based market research firm. The Energy Independence and Security Act of 2007, which bans the sale of general service incandescent lamps starting in 2012, will motivate demand as consumers transition to the new technology.
Light emitting diodes (LEDs) are forecast to experience 12% growth through 2013. Falling prices, along with increases in light output and improvements in energy efficiency, will make LEDs more attractive to consumers. The category will also benefit from greater demand in consumer electronics, motor vehicles and non-residential buildings.
Imports will account for almost 70% of demand for advanced lighting products in 2013, as CFLs and LEDs are largely produced overseas. However, the U.S. will continue to be a major exporter of advanced lighting products, according to the Freedonia report.
“Advanced Lighting” also covers demand for halogen, fluorescent, sodium vapor, high-intensity discharge, and other types of specialty lighting.