A Shift towards Intelligent and Energy-efficient Luminaires to Spur Growth in the European Lighting Equipment Markets, Says Frost & Sullivan
LONDON - 16 February, 2010 - The European luminaire market is long established and mature. However, recent developments have shaken the sedentary growth rate of the market, with a construction boom in early-2000s swiftly followed by a construction slump and prolonged economic downturn. A greater emphasis on energy savings in the lighting sector and a new legislation that phases out inefficient lighting will help the European lighting equipment markets to bounce back to growth by 2010. The shift towards more intelligence in luminaries, along with the focus on higher energy efficiency in all sectors, will ensure a significant growth rate over the medium and long terms.
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