| Energy-Efficient Lighting Products Boost Revenues in South Africa, Frost & Sullivan Reveals CAPE TOWN, South Africa, June 9/PRNewswire/ --
Although the South African lighting equipment market is highly price
sensitive, innovative lighting technologies are creating new opportunities
for suppliers. These new technologies will see the value of the market more
than triple over the next five years.
(Logo: http://www.newscom.com/cgi-bin/prnh/20081117/FSLOGO)
New analysis from Frost & Sullivan
(http://www.buildingtechnologies.frost.com), South African Lighting Equipment
Market, finds that the market earned revenues of US$367.1 million in 2007 and
estimates this to reach US$1,411.3 million by 2014.
If you are interested in a virtual brochure, which provides a brief
synopsis of the research and a table of contents, then send an e-mail to
Patrick Cairns, Corporate Communications, at patrick.cairns@frost.com, with
your full name, company name, title, telephone number, company e-mail
address, company website, city, state and country. Upon receipt of the above
information, a brief brochure will be sent to you by e-mail.
"Energy and environmental management trends have encouraged market
participants to supply energy-efficient technologies," notes Frost & Sullivan
Research Analyst Sostina Shiri. "There has been a significant boost to the
lighting industry through the increased uptake of energy efficient lamps such
as compact fluorescent lamps (CFLs)."
However, the initial cost of manufacturing advanced lighting technologies
is very high. As a result, there is a trade-off between the cost of
manufacturing products and potential energy savings they provide. As
light-emitting diodes (LEDs) lamps begin to enter the market, companies are
making sizeable investments towards research and development (R&D) in this
technology.
"Although prices have come down in recent years, advanced lighting
products are still beyond the reach of many end users in the market,"
explains Shiri. "Most end users are being restricted from using advanced
lighting technologies because of the high capital cost requirement."
New lamp technologies usually promise improved lamp performance and
higher energy-savings potential. Manufacturers are investing large amounts of
money into the R&D of cheaper and more energy-efficient lamps. As a result,
there has been an increase in the efficiency of lamps as well as in the
product range, thereby driving the demand for lighting technologies.
This innovation may, however, also create difficulties for suppliers.
"Lamp life is increasing, leading to lower replacement rates," explains
Frost & Sullivan Research Analyst Sostina Shiri. "Although this will result
in higher revenues in the short term, it is likely to have a negative impact
in the long term due to decreasing sales. One way to overcome this challenge
would be for suppliers to focus on ongoing innovation so that new and better
models are available in the market, tempting consumers to upgrade."
South African Lighting Equipment Market is part of the is part of the
Building Management Technologies Growth Partnership Services programme, which
also includes research in the following markets: South African Industrial and
Commercial Security Systems and Services Market, South African Residential
Security Systems and Services Market, South African HVAC Market and, South
African Facilities Management Market. All research included in subscriptions
provide detailed market opportunities and industry trends that have been
evaluated following extensive interviews with market participants.
Frost & Sullivan, the Growth Partnership Company, enables clients to
accelerate growth and achieve best in class positions in growth, innovation
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the CEO's Growth Team with disciplined research and best practice models to
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Partnership, please visit http://www.frost.com.
South African Lighting Equipment Market
M36C
Contact:
Patrick Cairns
Corporate Communications - Africa
P: +27-18-468-2315
E: patrick.cairns@frost.com
http://www.frost.com
Source: Frost & Sullivan
Patrick Cairns, Corporate Communications - Africa of Frost & Sullivan, +27-18-468-2315, patrick.cairns@frost.com. Logo: http://www.newscom.com/cgi-bin/prnh/20081117/FSLOGO
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