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Energy Efficient Lighting Fuels Growth in the Lighting Market

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Given the increasing focus on reducing energy consumption in North America, building owners and facility managers are looking for ways to manage their energy usage. Because lighting accounts for close to 15.0 percent of all primary energy consumed in the building sector in the United States, according to the U.S. Department of Energy (DOE), using more energy efficient lighting products such as light emitting diode (LED) lighting solutions can result in a considerable reduction in energy consumption. View the analyst briefing below for an assessment of the lighting equipment market, including highlights of the major market trends, challenges and drivers. Link to on-demand webinar: http://www.frost.com/prod/servlet/analyst-briefing-detail.pag?mode=open&sid=275598164
  • 1.Energy Efficient Lighting Fuels Growth inEnergy Efficient Lighting Fuels Growth inLighting Equipment MarketLighting Equipment MarketEnergy Efficiency: Main Driver in Lighting Equipment MarketEnergy Efficiency: Main Driver in Lighting Equipment MarketAlejandra Lozano, Industry AnalystBuilding TechnologiesBuilding TechnologiesApril 25, 2013 2012 Frost & Sullivan. All rights reserved. This document contains highly confidential information and is the sole property ofFrost & Sullivan. No part of it may be circulated, quoted, copied or otherwise reproduced without the written approval of Frost & Sullivan.

2. Todays PresenterAlejandra Lozano, Industry AnalystFrost & Sullivan2 Technical expertise and in-depth understanding of the buildingtechnologies sector. Ability to provide analysis-based strategic recommendations as wellas prepare and analyze market data with a focus on key growth areasand product trends. Over 5 years of experience 3. Focus PointsMarket Forecast & TrendsDrivers and RestraintsIntroduction3FocusPointsRevenue Breakdown by Product SegmentProduct Segment GrowthKey Market TrendsConclusion 4. IntroductionLighting Equipment MarketLamps FixturesBallasts &Incandescent Commercial / Lighting Controls4Control GearIncandescentFluorescentHalogenHIDLEDFluorescentBallastsHID BallastsHalogenTransformersLED DriversCommercial /InstitutionalIndustrialResidentialOutdoorLighting ControlsUser InterfacesSensorsControl ModulesSource: Frost & Sullivan. 5. Drivers and RestraintsKey Takeaway: Energy savings is the most important factor in the market in 2012.Lighting Equipment Market: Key Market Drivers and Restraints North America, 2012-20165 6. Market Forecast and Trends6 The lighting equipment market generated revenues of $17.8billion, growing by 2.6% over 2011. By 2016, the market is expected to reach $20.8 billion and isforecasted to grow at a CAGR of 4.0% from 2012 to 2016.Source: Frost & Sullivan. 7. Revenue Breakdown by Product Segment The total market was divided among the market segments asshown below. The ballasts and control gear segment was the smallest segmentand the fixtures segment was the largest segment in terms ofrevenue in 2012.7Source: Frost & Sullivan. 8. Product Segment Growth8Source: Frost & Sullivan. The lighting controls product segment witnessed the highestgrowth during the forecast period. The lamps product segment witnessed the lowest growth duringthe forecast period. 9. Key Market Trends The market is moving toward energy-efficient products thatprovide energy savings while at the same time protecting theenvironment. The Energy Independence and Security Act of 2007 is phasingout incandescent and T12 linear fluorescent lamps due to therelative inefficiency of those lamps compared to more energy-efficient lamp alternatives.9efficient lamp alternatives. The market has experienced an increase in demand for CFLsand LED solutions. LED demand has increased due toimprovements to the technology, enhanced energy efficiency,longer life, and government programs that support thedevelopment of LED technology for general lighting applications. Demand for LED lighting is anticipated to increase as pricescontinue to decline. Source: Frost & Sullivan. 10. Key Market Trends (continued) The demand for electronic ballasts and more intelligent controlsis also anticipated to increase. The 2005 Title 24 control requirements are also anticipated tosupport demand for lighting controls not only in California but inother states as well. Although integration with automation systems is currently low,10Although integration with automation systems is currently low,integration is expected to increase by the end of the forecastperiod. Another major market trend is the use of wireless technology.Wireless lighting products are expected to gain traction becausethey provide added flexibility and easier installation.Source: Frost & Sullivan. 11. Poll QuestionWhen do you think the adoption of wireless technology willincrease significantly in North America?Next 2-3 years4-5 years115-10 yearsOver 10 years 12. Conclusion21Key Drivers: Energy savings Legislation and incentives Technological innovationDemand for energy-efficient lighting products will continue to increase over thenext five years.Key Restraints: Intense competition1245The lighting controls segment will witness the highest growth during the nextfive years.The integration of lighting with automation systems and the adoption of wirelesstechnology will substantially increase in the next five years.3 Intense competition High cost of advanced products Economic environmentSource: Frost & Sullivan. 13. Next StepsDevelop Your Visionary and Innovative SkillsGrowth Partnership Service Share your growth thought leadership and ideas orjoin our GIL Global Community13Join our GIL Community NewsletterKeep abreast of innovative growth opportunities 14. Your Feedback is Important to UsGrowth Forecasts?Competitive Structure?What would you like to see from Frost & Sullivan?14Emerging Trends?Strategic Recommendations?Other?Please inform us by Rating this presentation. 15. Follow Frost & Sullivan on Facebook, LinkedIn,SlideShare, and Twitterhttp://www.facebook.com/FrostandSullivanhttp://www.linkedin.com/companies/450615http://twitter.com/frost_sullivanhttp://www.linkedin.com/companies/4506http://www.slideshare.net/FrostandSullivan 16. For Additional InformationBritni MyersCorporate CommunicationsEnvironment & Building Technologies(210) [email protected] LozanoIndustry AnalystEnvironment & Building Technologies(210) [email protected] KhaundIndustry ManagerEnvironment & Building Technologies(416) [email protected]

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