Europe Energy Efficient Lighting Market Analysis and Forecasts to 2015

London, United Kingdom (PressExposure) November 17, 2009 -- In Europe, the growing concern over climate change and energy security has led to a draft of policies and regulations to replace incandescent lighting systems with energy efficient lighting systems. Legislation and policies provide the much needed boost to an industry that may otherwise be constrained by high costs. With the consensus that rising levels of Green House Gases (GHG) are the result of human activities the EU is vigorously responding to the challenge of climate change. European Commission legislation such as the ‘Phase-out of incandescent bulbs by 2012’ and various programs including ‘Bottom up to Kyoto’ (ButK), the ‘European Efficient Residential Lighting Initiative’ (EnERLIn) and the ‘European Greenlight Program’ will drive the energy efficient lamp market. These initiatives will also help in increasing consumer awareness.

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Energy Efficient Lamps (EEL) save between 30% and 90% in electricity costs depending on the type. For example, halogen lamps save 30% of the electricity whereas LED lamps can save up to 90% in comparison with incandescent lamps. Though the initial investment required for EEL is much higher than for conventional lighting, the benefits in terms of cost and energy saving over the lamp lifecycle are tremendous. Increasing consumer awareness of the lifecycle savings will outweigh the high initial costs associated with energy efficient lamps.

The huge potential of energy efficient lamps to reduce GHG emissions is driving the market in Europe. The EU has a target to reduce GHG emissions by 20% by the year 2020 with 1990 as the base year and had achieved a reduction of 9.3% by 2007. Presently, 14% of the electricity consumption is accounted for by lighting in the EU and almost two-thirds of the lamps used are inefficient. One energy efficient lamp can save 30kg of CO2 (carbon dioxide) per year as compared to an incandescent equivalent. If all the incandescent lamps used in the domestic applications were to be replaced by the energy efficient lamps an estimated annual saving of 23 million tonnes of CO2 could be achieved in Europe.

Robust sales growth of halogen lamps is expected due to the ban of incandescent lamps in Europe. The halogen lamps market in Europe grew at a CAGR of 10.8% from 432 million units in 2005 to 587 million units in 2008 and is anticipated to have a CAGR of 16.2% during the forecast period 2009–2015. Halogen lamps are based on similar technology to incandescent lamps and are more familiar to consumers. They have the capability to saves 30% in energy owing to their improved filament technology. Also, halogen lamps are compatible with existing incandescent lamp fixtures, further reducing the investment burden on consumers. Halogen lamps have a longer life span than incandescent lamps but with similar luminance at the same wattage.

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The European LED lamps market is expected to grow at a CAGR of 18.7 % during the forecast period 2009–2015. LED lamps have a life span of about 50,000 hours and save 80-90% of the electricity compared with traditional incandescent lamps resulting in greatly reduced electricity bills. LED lamps find application in various sectors from backlights in laptops, automotive, mobiles, illumination and traffic signals. The improvement in performance and reduced life cycle costs are playing major roles in the deployment of the LED lamps market. During the forecast period, LED lamps are expected to have continuing robust growth due to increased penetration in the signs/display and illumination sectors.

During the forecast period 2009–2015, the European LED lamps market in the signs/display and illumination application is expected to grow at a CAGR of 16.5% and 28.2% respectively. Take-off of LED lamps in the LCD TVs is expected to cause high growth in the signs/displays application. Global Markets Direct interviews revealed that future LCD models will have LED backlighting with all the major LCD TV manufacturers including, Samsung, Sony, LG, Sharp and JVC having LED backlight programs. In the illumination sector, the huge cost saving and reduction in GHG emissions with LED lamps is driving the market. LED lamps save 80-90% of the electricity when used in residential lighting and commercial lighting including; hotels, restaurants and showrooms.

Global Markets Direct, the leading business intelligence provider, has released its latest research, “Europe Energy Efficient Lighting Market Analysis and Forecasts to 2015”, which provides in-depth analysis of the energy efficient lighting market. The report provides a detailed assessment of the European energy efficient lamps industry with market revenue forecasts to 2015. The research covers revenue shares of the major energy efficient lamps such as Compact Fluorescent Lamps (CFL), Halogen Lamps, High Intensity discharge (HID) Lamps, Light Emitting Diode (LED) Lamps and Cold Cathode Fluorescent Lamps (CCFL). The report analyses the market for energy efficient lamps in the various regions; Northern, Southern, Central and Eastern, and Western Europe. The report’s treatment of the European energy efficient lighting market is comprehensive with dedicated sections on technology landscape, competitive landscape and cost analysis. It also reviews investment trends and the regulatory framework of the energy efficient lamps market.

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Press Release Submitted On: November 17, 2009 at 3:30 am
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