Global Lamp Market to Touch US$24 Billion by 2015

Global Industry Analysts has released a new report titled ‘Lamp: A Global Strategic Business Report’. The report offers a complete analysis of the Lamps markets, recent industry activity, recent product introductions, replacement of incandescent lamps with SFLs and LEDs, performance of various lamps segments, major growth drivers, current market trends, and the effect of recession on the Lamp market.

According to the report, the global lamp market is estimated to touch US$24 billion by 2015. The major driver for the market growth is the replacement of traditional incandescent lighting with the new energy saving technologies, including CFLs and LEDs. The replacement is done to address the issues of global warming, and to minimize energy costs. Solid-state lighting is accepted as the vital solution for environment protection and energy conservation.

The market report studies the market analytics and data based on the regions, including Latin America, Asia-Pacific, Europe, Japan, Canada, the US, and the rest of the world. The report covers major product segments, including LED lamps, HID lamps, halogen lamps, fluorescent lamps, and incandescent lamps. Additionally, the market report offers a six-year historic analysis.

The profile of top players covered in the report include Valeo Sylvania, Toshiba Lighting & Technology, Philips Lumileds Lighting, Osram Sylvania, OSRAM, Panasonic Electric Works, Koito Manufacturing, Havells Sylvania, General Electric Company, Epistar, Crompton Greaves, Cooper Lighting, and Bajaj Electricals.