2014-04-01 01:10:02 - Fluorescent Bulbs: A Global Strategic Business Report - a new market research report on companiesandmarkets.com
Global market for Fluorescent Bulbs is forecast to decline to US$5.5 billion by 2018, due to the global shift towards solid state lighting and increasing penetration of LED lighting products.
The global lighting industry is witnessing a sea change, with constant replacement of old technologies with newer, more energy efficient lighting technologies that address issues such as global warming. The emergence of novel technologies has captured the industry´s attention in the recent years. The phasing out of traditional incandescent bulbs augured well for fluorescent bulbs, particularly energy saving compact fluorescent bulbs. However, the rapid penetration of LEDs due to its rising efficiency and declining price is forecast to dent prospects of these energy efficient replacements of incandescents over the coming years.
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