2014-04-16 06:33:02 - Obstruction Lighting: A Global Strategic Business Report - a new market research report on companiesandmarkets.com
Global market for Obstruction Lighting is projected to reach US$956 million by 2018, driven by stringent air safety norms and expanding base of tall buildings worldwide.
Global market for obstruction lighting is expected to remain buoyant supported by the growing need for aircraft warning lights against a backdrop of rise in construction of tall structures such as skyscrapers, telecom towers, refineries, and growing number of wind turbines and wind farms across the world. The market also stands to gain from the replacement of traditional incandescent fixtures with energy efficient LED obstruction lights that consume lesser energy and are easy to install. Advanced fixtures featuring built-in power module, GPS Synchronizer and controller are also gaining prominence in the market.
LEDs consume less power,
are resistant to shock and vibration and are also free from mercury and other harmful materials. Constantly evolving LED lumen efficiency and chip performance and rising government incentives for improved energy efficiency standards are further supporting growth for LED obstruction lighting. Solar driven power systems are also fast emerging as a cost effective option for obstruction lighting led by recent advancements in LED technology.
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