Luminaires Outshine Lamps in 2015 Global Lighting Market - Energy Watch News

Luminaires Outshine Lamps in 2015 Global Lighting Market

According to a new market report from IHS Markit. lamp market revenue grew 4.0% in 2015, which was lower than that sector’s 7.3% revenue growth in 2014. “As the lamp market continues to transition to LED, there are two effects combining to mute future revenue growth: an overall decline in lamp shipments (LED technologies have much longer lifespans than traditional technologies, fewer replacement lamps are required), and price erosion of LED lamps.” Luminaire revenue grew 4.8% in 2015, which was higher than the 3.9% growth noted in 2014. Unlike the lamp market, luminaire revenue growth is expected to continue over the forecast period.

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