Low Energy Lighting - Market Analysis
AMA Research has published a new report covering the "Energy Efficient Lighting Market UK 2007”. The report analyses the UK market for energy efficient lighting products and is based on a combination of primary and secondary research.
While difficult to define, the overall market for energy efficient lighting is estimated to be around £200m in 2007 and has witnessed healthy levels of growth over the last two years buoyed by a range of new Directives and legislation, coupled with growing consumer awareness and concerns towards environmental issues, specifically concerning the use of energy and minimising carbon emissions.
Other factors that have benefited the market over the last two years include increasing energy costs, coupled with better education with regards to the benefits achieved with energy efficient products. In addition, a number of schemes and subsidy programmes aimed at promoting energy efficiency in the home and improvements to products, both in terms of design and in technical performance, have also stimulated strong market growth.
Product development may lead to a change in the market structure in the medium term future, and LEDs, which are widely considered to be one of the most promising ‘pending’ technologies, are expected by some to ‘reach or exceed the level of CFLs in the UK market’ soon after 2010.
The supply of energy efficient lamps is dominated by four global companies although below that the market is fragmented with numerous smaller independent manufacturers all operating within the sector. Supply of luminaires is much more fragmented, with a large number of suppliers operating within the market.
Future growth rates should be attractive, though are very much dependent on consumer attitudes, although the current interest in energy conservation and reducing carbon emissions should be a key market driver. The announcement this year, regarding the voluntary phasing out of the most inefficient GLS lightbulbs by 2011 and the proposed schedule for their withdrawal from the UK market is expected to be one of the major growth accelerators over the next few years, with retailers such as ASDA, B&Q, the Co-operative Group, Home Retail Group, IKEA and Woolworths all supporting the initiative.
AMA Research’s “Energy Efficient Market – UK 2007” report is available in hard copy or electronic format for £625 and can be ordered online at www.amaresearch.co.uk or by calling 0871 3103450.
Contact Details and Archive...
Related Articles...