Future for UK Lighting Market is Looking Bright
AMA Research has published a new report covering the "Lighting Market UK 2008-2012”. The report analyses the UK market for lamps, luminaires and lighting controls and is based on a combination of primary and secondary research.
The report analyses the industry in terms of market size, key sector trends, product mixes, key suppliers and distribution channels.
The market is in a mature phase of its lifecycle, being primarily dependent on replacement applications and as such has experienced relatively lacklustre growth in recent years, with the market in 2007 growing by just under 3% to reach a value of £1.54 billion.
To 2012, prospects are reasonably positive, with the market expected to achieve a value of around £1.73 billion, reflecting growth at, or around inflationary levels in overall terms, though the deteriorating UK economy is likely to limit the growth in the shorter term while the medium to longer term is likely to be stimulated by construction programmes such as the Olympics and major government capital investment.
Product development is one key area which should offer the market some optimism in the short term, with innovation in the LED sector and a number of developments in the luminaires market providing good opportunities in terms of both new build and replacement applications. These developments have also been buoyed by the growing focus on energy efficiency, both in terms of reducing the environmental impact of lighting as well as reducing operational costs. With traditional or basic GLS lamps due to be phased out by 2011, other versions of GLS, long life equivalents, CFL and LED lamp markets should experience some stimulus.
In terms of product mix, lamp sales in 2007 were estimated to reach around £385 million, reflecting relatively static market performance in value terms, while the luminaires market grew by around 3% to around £1.04 billion. By 2012, lamp sales are likely to be modestly up at £399m, whilst the luminaires sector is forecast to achieve better growth and sales of around £1.19 billion in 2012.
AMA Research’s “Lighting Market - UK 2008-2012” report is available in hard copy or electronic format for £625 and can be ordered online.
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