Lighting Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018 Lighting equipment could be mundanely understood as the equipment responsible for the production of light energy. With an ever increasing rise in the global population, and the rising awareness amongst us to protect our mother earth, lighting equipment market is experiencing a healthy growth rate.
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Rising global population, rising urbanization rate, invention of innovative products such as LED, rising go green initiatives, are some of the drivers of the lighting equipment market. The rising economies of the Asia Pacific countries, will serve as an opportunity for the lighting equipment market. High competition and the price sensitive consumers are some of the restraints for the market.
The lighting equipment market could be segmented into three major segments. A detailed classification of the lighting equipment market is provided below: 1. Based on Application General Purpose Lighting Vehicle/Automobile Lighting Backlighting Others 2. Based on Technology Conventional Lighting/Non-Environment Friendly Lighting Environment Friendly Lighting SSL (Solid State Lighting) o LED (Light Emitting Diodes) o OLED (Organic Light Emitting Diodes) o PLED (Polymer Light Emitting Diodes) 3. Based on End Users Industrial Commercial Others