Electric lighting equipment manufacturing market in the United Kingdom to grow 2.6% CAGR between 2014-19
Electric Lighting Equipment Manufacturing in the UK - Industry Market Research Report - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-21 10:16:04
Electric lighting equipment permeates the nation. Lighting products are found throughout homes, workplaces, shops, hospitals, airports and sports stadiums. Two key trends are shaping the lighting market: the need for energy efficiency and the emergence of solid-state lighting.
Lighting presents a clear opportunity to save energy and slow climate change because it accounts for 20.0% of all electrical energy usage. Innovative lighting solutions can both save energy and improve the quality of light. The market for electric lighting is expected to be worth Â£2.8 billion in 2013-14, of which an estimated Â£1.8 billion (or 64.1%) will be satisfied by imports. Exports are forecast to be worth Â£722.4 million in 2013-14, accounting for 41.5% of industry revenue. Industry revenue is expected to decrease by a compound annual rate of 1.2% in the five years through 2013-14.
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