MRO Magazine

General Lighting Market in BRIC Countries Expected to Reach USD 43 Billion by 2019: Technavio


August 14, 2015
By Business Wire News

LONDON

Technavio’s latest report on the general lighting market in BRIC countries states the general lighting market shows large growth potential for the future because of increased demand for architectural lighting fixtures used for sophisticated and decorative lightings for homes. Analysts have thus predicted a growth rate of more than 12% between 2015 and 2019.

The general lighting markets are especially strong in Brazil and China. In both regions, the market is growing at a CAGR of higher than 10% through 2019.

“The growth of lighting industry in the BRIC countries will be driven by an increase in urbanization which results in growth in demand for apartments, private homes and other residential complexes. This boosts the real estate market, escalating the growth of the general lighting industry,” says Faisal Ghaus, Vice President of Technavio.

The report provides an in-depth analysis on key government policies affecting the market along with, the market’s major drivers, risks and challenges, emerging trends and key vendors.

The most prominent companies are as follows:

  • Dongguan Kingsun Optoelectronic
  • GE
  • Koninklijke Philips
  • NVC Lighting Technology
  • OSRAM

Technavio’s latest reports in the data center area:

General Lighting Market in BRIC Countries 2015-2019
General Lighting Market in China 2015-2019
General Lighting Market in Brazil 2015-2019
General Lighting Market in North America 2015-2019
Global General Lighting Market 2015-2019

If you are interested in more information, please contact our media team at media@technavio.com.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
media@technavio.com
www.technavio.com