Global Demand for Luminaires to Grow 6.9% to $153 Billion in 2016

Global demand for lighting fixtures is projected to climb 6.9 percent annually through 2016 to $153 billion. Product sales will be driven primarily by a strong global rebound in motor vehicle output and an acceleration in buildingconstruction activity. Efforts to conserve energy and convert to more efficient light source technologies will also boost gains, particularly as sales of incandescent and other less efficient lamps are being phased out through much of the world. Increased use of these higher-end fixtures will also contribute to gains in value terms. In the developing world, ongoing efforts to modernize the building stock, coupled with increasing urbanization and rising incomes will further aid advances.

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