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Increasing Awareness and New Partnerships Boost the Luminaires Market in Europe Finds Frost & Sullivan - Germany, the UK and France are likely to witness high growth this year and in 2014 - BuildingTechnologies.Frost.com
Increasing Awareness and New Partnerships Boost the Luminaires Market in Europe Finds Frost & Sullivan

 

PRZOOM - /newswire/ - London, United Kingdom, 2013/09/26 - Germany, the UK and France are likely to witness high growth this year and in 2014 - BuildingTechnologies.Frost.com.

   
 
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Stringent European Union directives, awareness programmes, and partnership projects are promoting steady growth in the European lighting equipment market.

New analysis from Frost & Sullivan (buildingtechnologies.frost.com), European Lighting Equipment (Luminaires) Market, finds that the European Union market for luminaires earned revenues of $15.51 billion in 2012 and estimates this to reach $17.66 billion in 2017.

The research reveals that Germany will continue to lead the market given the strict energy efficiency measures established by the government. With Germany, the United Kingdom and France are also likely to witness rapid growth in 2013 and 2014 as a result of national initiatives and of the uptake of Solid State Lighting (SSL) technologies.

EU-initiated awareness programmes and partnership projects to phase out traditional equipment are some of the key factors that are driving the market. In fact, they are encouraging investments in energy-efficient luminaires.

"These funded projects have widened market potential particularly in the street lighting and residential end user sectors," said Frost & Sullivan Energy and Environmental Research Analyst Balaji Anand Sagar. "The outdoor segment will experience the highest growth largely due to rising awareness on the efficiency of luminaires and its potential for energy-saving."

Although test cases for modern luminaires such as light-emitting diodes (LEDs) were observed in all end-user segments across Europe, customer perception on initial cost versus payback period is unfavourable. This is especially true in the key residential segment, which in turn, diminishes overall market scope.

Along with the high prices of advanced luminaires, economic uncertainty in the region has curbed market revenues, as end users prefer low-cost lighting solutions even if they are less energy-efficient than LED luminaires.

"Luminaire companies need to conduct regional and local demonstrative projects for solid state lighting and convince end users to replace old luminaires to ensure market expansion," advised Sagar. "Participating in EU projects and enabling the standardisation of LED-based luminaires will also be vital to gain a stronghold in this extremely fragmented market."

End-user segments covered in the study are residential, office, educational, hospital, retail, industrial and hospitality buildings, and outdoor.

To receive a complimentary brochure of this research and for further information, please send an email to Chiara Carella, Corporate Communications, at chiara.carella[.]frost.com, with your full contact details, company name and website, city and country.

European Lighting Equipment (Luminaires) Market is part of the Building Management Technologies Growth Partnership Service program. Frost & Sullivan’s related research services include: North American and European Smart Windows Market, North American Geothermal Heating and Cooling Market, European Energy Saving Contract and Performance Contracting Market, and European Building Automation Systems Market. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan (frost.com), the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organisation prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us: Start the discussion | Join Us: Join our community | Subscribe: Newsletter on "the next big thing" | Register: Gain access to visionary innovation

European Lighting Equipment (Luminaires) Market / M958-19

 
 
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Increasing Awareness and New Partnerships Boost the Luminaires Market in Europe Finds Frost & Sullivan

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Frost & Sullivan | Luminaires Market
Contact: Chiara Carella - Frost.com 
+44(0)20 7343 8314 / +44(0)75 3301 7689 (mobile) chiara.carella[.]frost.com
 
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