A new Freedonia Group study, Advanced Lighting, is forecasting that U.S. demand for advanced lighting products will grow nearly 11% per year to $6.8 billion in 2013.
Gains will be spurred by legislation aimed at reducing the energy consumed by lighting. Imports are a significant source of advanced lighting products, and will account for almost 70% of demand in 2013, according to the company. Domestic shipments of advanced lighting products will proceed at a slower pace, as products with rapidly growing demand, such as CFLs and LEDs, are largely produced overseas. However, the U.S. is a leading exporter of advanced lighting products, and domestic producers will continue to benefit from growing demand in emerging markets.
CFLs are expected to enjoy the fastest demand growth through 2013 due to legislation targeting household incandescent lamps. Demand for CFLs will surge more than 20% annually through 2013 as consumers transition to the new technology. Nearly one-half of additional advanced lighting demand generated between 2008 and 2013 will be accounted for by CFLs.
LEDs are also forecast to experience robust growth through 2013, benefiting from greater demand in consumer electronics, motor vehicles and nonresidential buildings. Falling prices, increases in light output and improvements in energy efficiency will make LEDs more competitive with conventional lighting products over the forecast period. LEDs will be the fastest growing advanced lighting product through 2018, when demand is expected to approach $3 billion.
Demand for advanced HID lamps will be driven by growth in motor vehicle and streetlight applications. Metal halide lamps are increasingly finding use as motor vehicle headlamps, and demand will
grow as motor vehicle production recovers from its low 2008 level. High-pressure sodium lamps are widely used to illuminate streets and highways, and will benefit from increased spending on transportation infrastructure over the forecast period. Furthermore, the Energy Policy Act of 2005 banned the sale of mercury vapor lamp ballasts, effectively phasing out the use of mercury vapor lamps starting in 2008.
Advanced Lighting (published 04/2009, 240 pages) is available for $4,700 from The Freedonia Group, Inc. You can check on its availability here.