Emerging Lighting Technologies and Global Market (2009-2014)
The increase in the living standards and changing lifestyles has led to a greater demand for energy-efficient new lighting technologies over the traditional incandescent and halogen lighting. A wide number of application areas ranging from small household lighting to commercial and industrial lighting have been benefited by these emerging lighting technologies. The fulcrum has further shifted in favor of these new technologies by virtue of their availability in different sizes and shapes and with different fixtures to justify their usage in the widely varied application areas. With U.S and Europe holding the major chunk of the market share currently, Asia is seen as an emerging market with tremendous potential, particularly in countries like India and China.
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