Mar 12 2010
While economic crisis increases strain across the globe, the European lighting market gladly welcomes the EU drive, new legislation and public awareness for greater energy efficiency.
The latest market data by Frost & Sullivan shows, companies which have "gone green" in energy efficient disciplines, have successfully avoided common complications of an economic catastrophe. By applying energy efficient lighting controls or LED, such companies were able to mitigate the impacts of subdued construction activity.
On this subject Frost & Sullivan will host a complimentary analyst briefing which will take place on Wednesday, 31 March, at 2 pm BST. Frost & Sullivan Industry Analyst Michael Meyer will offer an insight into the exciting future of energy efficiency lighting.
Strategic maneuvers have secured the lighting industry's endeavors to establish their position of stability, and avoid being left behind by surrounding markets seeking to take advantage of new and promising market dynamics. Leading companies with larger budgets in green technologies, such as Philips, Osrams and Zumtobel have been primary promoters to demonstrate confidence in the future of green lighting. As more companies join the bandwagon, the necessity to implement green lighting will rapidly spread universally.
Analyst Michael Meyer observes, "Lighting manufacturers have made significant steps in addressing the current issues of being green and energy efficiency - the result has been a dramatic push for green products. Besides, as large lighting corporations continue to invest huge sums in R&D for green technologies and the marketing of it fundamental change is certain to be brought to a traditionally conservative market."
Highlights of the briefing will include an analysis of trends in the energy efficient lamps market, an analysis of trends in the luminaires market as well as a snapshot and outlook on the market for lighting controls. Covering both specific and generic details, this briefing will also observe the extent to which the issue of energy efficiency is changing the market dynamics of the lighting industry as a whole. This larger scope of insight will illuminate multiple areas of interest, including a short assessment of competition from the Far East regarding developments in the LED.
This briefing will benefit all parties interested in the lighting market, lamp manufacturers, luminaires' manufacturers, component suppliers to lighting controls and system integrators, as well as research organizations and related investors, by discussing emerging trends and providing forward projections for the European Lighting development.