Traditional Incandescent Bulbs: A Global Strategic Business Report - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-01 01:09:02
Global market for Traditional Incandescent Bulbs is forecast to decline to US$48.2 million by 2018, due to the gradual phase out of energy inefficient products across the world. Emergence and rapid penetration of energy saving substitutes such as CFLs and LEDs are accelerating the phase out process.
Thomas Alva Edison invented the first practical incandescent bulb in 1879, marking the beginning of the age of electric lighting. More than 130 years after the historic turning point, the global lighting industry stands on the verge of witnessing another major dramatic event, the phasing out of the traditional incandescent lamps. Approximately 95% of electricity consumed by a typical incandescent bulb is let out as waste heat in near infrared wavelengths, while only 5.0% is utilized for providing visible light making them highly energy inefficient. Regulations supporting phase out of lesser efficient incandescent bulbs are in place in all key countries with majority of them already carving out roadmaps for complete phase out over the next few years.
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