The
market for energy efficient lamps in Latin America is expected to
reach USD 3,552.4 million by 2018, growing at a CAGR of 23.2% from
2012 to 2018. The Latin America ballasts market is expected to grow
at a CAGR of 24.7% from 2012 to 2018, and reach a market size worth
USD 1,036.1 million by 2018.
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the full report at Energy Efficient Lamps and Ballasts Market - Latin
America Industry Analysis, Market Size, Share, Growth, Trends and
Forecast, 2012 – 2018
http://www.transparencymarketresearch.com/latin-america.html
The
lighting market globally is witnessing a shift towards energy
efficient lighting solutions, with the Latin American region showing
high potential for growth. The Latin America energy efficient
lighting market is expected to expand by 250% from 2012 to 2018. LED
lamps market, which is the fastest growing segment, is expected to
record a rise of almost 50% in its market share within the Latin
America energy efficient lighting market during the forecast period.
Among
all the countries in the Latin American region, Brazil is the most
attractive market with highest growth potential due to the upcoming
FIFA World Cup in 2014 and the Olympics in 2016. In Brazil, along
with preparations underway for these two mega events there is an
underlying energy crisis that the country is facing, which in turn is
propelling the demand for energy-efficient lighting solutions.
The
growing energy crisis in the Latin American region and associated
long term benefits of using energy efficient lighting solutions has
accelerated the phasing out of incandescent lamps in the region. This
will not only help the region to cut down its energy consumption by
almost 4%, but also help reduce CO2 emission along with financial
savings. As a result, conventional lamps are steadily losing out
their market share to advanced products such as CFLs and LED lamps.
Also, with the drop in prices of CFLs and LED lamps due to growing
competition, the market may see a partial offset in the overall
market growth in terms of revenue generated.
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The
demand for energy efficient lighting solutions is also driving market
growth for the ballasts market, which is following similar growth
patterns across different regions and product segments, as exhibited
by the energy efficient lamps market. However, magnetic ballasts
market is expected to see a sharp decline in growth due to lower
energy efficiency and availability of advanced solutions, such as
electronic ballasts and LED drivers.
This
report provides insight into the market dynamics affecting individual
product segments across the key regions, such as Mexico, Argentina,
Brazil, Caribbean, South America, and Central America. Apart from
this, the report purview also includes analysis of end use market for
lighting solutions, categorized in to residential lighting,
commercial lighting, industrial lighting, and outdoor lighting. The
winning strategies of industry leaders, impact of various market
drivers and restraints, and an assessment of opportunities too are
included in the report.
The
product (lighting) segments included in the report are:
Lamps
Fluorescent
lamps
CFLs
LED
lamps
HID
lamps
Ballasts
Magnetic
Fluorescent Ballasts
Electronic
Fluorescent Ballasts
CFL
Ballasts
LED
driver modules
Magnetic
HID Ballasts
Electronic
HID Ballasts
In
addition, the geographies considered for cross sectional analysis of
these individual segments include:
Mexico
Argentina
Brazil
Caribbean
Islands
South
America
Central
America
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all Semiconductor & Electronics Market Research Reports@
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