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Electric Lighting Equipment Manufacturing in the UK - Industry Market Research Report

Electric lighting equipment manufacturing market in the United Kingdom to grow 2.6% CAGR between 2014-19


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2014-04-21 10:16:04 - Electric Lighting Equipment Manufacturing in the UK - Industry Market Research Report - a new market research report on companiesandmarkets.com

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 £2.8 billion in 2013-14, of which an estimated £1.8 billion (or 64.1%) will be satisfied by imports. Exports are forecast to be worth £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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