Latin American Commercial fluorescent lighting market was worth USD 212.3 million in 2011 and is expected to reach USD 531.2 million in 2017, growing at a CAGR of 16.5% from 2011 to 2017. The report focuses on the specified seven countries including Brazil, Argentina, Cuba, Costa Rica, Dominican Republic, Jamaica and Panama. In the overall Latin America market, Brazil is expected to maintain its lead position in terms of revenue till 2017.
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The commercial fluorescent lighting market is driven by growing industrialization, reduced installation cost, extended products' life, low maintenance cost and rising population. Commercial fluorescent lighting technology has witnessed significant technological improvement in the past ten years and is gaining popularity worldwide, especially in developing economies because of their high saving potential and environment friendly aspects. The commercial fluorescent lighting products are more energy efficient and last almost ten times longer than conventional incandescent bulbs.
Owing to investment perspective, the market for commercial fluorescent lighting in Latin America and is still fresh and open for new market players. Brazil and Argentina are estimated to take lead in relative market share in commercial fluorescent lighting implementation and are forecasted to aggressively lift-up on the deployment of energy efficient lighting solutions. Latin America lighting market is expected to grow robustly in anticipation of infrastructure developments for the World Cup scheduled in 2014 and the Olympics scheduled in 2016.
The major geographic markets covered for commercial fluorescent lights for research purpose include Brazil, Argentina, Cuba, Costa Rica, Dominican Republic, Jamaica and Panama. Panama commercial fluorescent lighting market has enough growth potential considering the growing population, tourism development policies and establishment of various industries. Thus commercial fluorescent lighting market in Panama is estimated to grow effectively from 2011 to 2017 at a CAGR of 14.5%.
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This research is specially designed to estimate and analyze the demand and performance of commercial fluorescent lighting market in Latin America. This research provides in-depth analysis of commercial fluorescent lighting product manufacturers, product sales and trend analysis by segments and demand by specified geography. The study presents a comprehensive assessment of the stakeholder strategies and winning imperatives for them by segmenting the commercial fluorescent lighting market as below
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