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AMA Research have published a new report "Lighting Market - UK 2010-2014”. The report is comprehensive, informed and upto-date and represents an invaluable aid to sales and marketing professionals involved in the industry.
In 2009, the lighting market was estimated to be worth just over £1.4 billion at manufacturers selling prices (MSP). The market is mature and largely reliant on replacement purchases, usually resulting in moderate growth or decline in line with the economy. However, the recession saw the market decline 10% in 2009 and it is forecast to fall a further 4% in 2010. In the short term, the lighting market is expected to continue to struggle with restrictions on mortgages and low consumer confidence. In the long term, trading conditions remain positive for the lighting market, with higher volumes of housing required and increasingly sophisticated, task orientated lighting being used across all markets.
The non domestic sector dominates the market by value. The market mix has remained relatively stable in recent years, although there has been a shift away from the domestic market as prices in the domestic sector are more sensitive to competition.
In 2009, the lighting market was dominated by sales of luminaires, which accounted for 67% of the market, with lamps accounting for a further 26% and lighting controls the remaining 7%, although in the long term it is expected that lighting controls will gain share.
LED lighting is a growing sector, representing a threat to more traditional products. Product development in the LED market will continue to offer this sector greater differentiation and result in increasing share in the medium to longer term.
Energy efficiency continues to grow in importance, driven by legislative changes and increasing fuel bills. The government remains committed to promoting the use of energy efficient products, promoting use within public sector projects and through the introduction of energy conservation and monitoring legislation.
Prices within the market continue to fall, particularly within the domestic lamps market. However, this decline has slowed as imports stabilise and as tightening margins on CFLs, which have seen huge price drops in recent years in an effort to boost their popularity, restrict further significant decline. The supply of lamps remains concentrated, with four main suppliers: Philips, Osram, GE and Havells Sylvania. The luminaires market is more fragmented with a number of small, specialist producers. Some key suppliers within this market include Zumtobel, FW Thorpe, JCC Lighting and Whitecroft Lighting. Key suppliers of controls include Hager, Eaton and ABB.
AMA Research’s “Lighting Market - UK 2010-2014” report is available in hard copy or electronic format
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