Freedonia In The News
Article Title: Global demand for lighting fixtures to exceed $175 billion
By: Joy Chang
Publication: Consulting-Specifying Engineer, 9/5/2014
Freedonia Study: World Lighting Fixtures (3192)
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Countries that maintain rapidly growing construction and motor vehicle industries, such as India and China, will experience the fastest gains in lighting fixture demand, according to World Lighting Fixtures, a new study from The Freedonia Group Inc.
Non-portable types lighting fixtures account for the bulk of demand, with 78% of total sales projected in 2018, and will also experience the fastest growth. Indoor and outdoor non-portable lighting fixtures will record similar rates of growth, benefiting from the strong gains in construction spending that are expected in much of the world. Sales will also be boosted as most existing indoor and outdoor non-portable fixtures will either need to be replaced or retrofitted to accommodate LEDs and other advanced light sources.
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