Government, Environment, and Construction Help Grow Outdoor Lighting Market to $3.8 Billion by 2010
Improved lighting on streets and highways, the countrywide awakening to the negative effects of light pollution, and strong growth in construction—particularly “main street” housing communities.
New York (PRWEB) April 27, 2006
Improved lighting on streets and highways, the countrywide awakening to the negative effects of light pollution, and strong growth in construction—particularly “main street” housing communities—are all contributing to strong growth in the outdoor lighting market, which is expected to reach $3.8 billion by 2010, according to Outdoor Lighting in the U. S., a new report from market research publisher Specialists in Business Information (SBI), a division of MarketResearch. com.
State and local construction spending in the outdoor infrastructure market grew by 9.3% from 2004 to 2005 positively impacting the outdoor lighting market, which itself grew by 6.5% from $2.8 billion in 2004 to $2.9 billion in 2005. SBI projects continued governmental improvement, energy saving, and environmental initiatives will open up new opportunities in the outdoor lighting market and help to drive market growth by 5.3% from 2006 to 2010.
Light pollution, a growing environmental concern, is also factoring heavily into industry growth. Sky glow, energy waste, and visibility issues are impacting the quality of life of both humans and wildlife. Among health issues are the disease causing potential of light and disturbances of human circadian rhythms and animal breeding cycles. These and other hazards of lighting, however, are having a positive effect on emerging light technologies.
“Community awareness, including government and manufacturers, is creating an environment of growth, as seen by the positive upswing in LED usage, particularly in traffic signals,” notes Cara Morrison, Associate Editor at SBI. “Other technologies, such as Lumen IQ, which marries outdoor lighting with remote control through the Internet, are leading the way towards increased energy efficiency with reduced light pollution.”
Containing comprehensive data on U. S. shipments, imports and exports, end-use markets, purchaser demographics, and the competitive environment, Outdoor Lighting in the U. S., part of a three-part series including residential and commercial lighting, identifies key issues, regulations, and trends affecting the marketplace, and profiles major manufacturer and retailer strategies. Priced at $1,995, this report is available from SBI by clicking: http://www. sbireports. com/product/display. asp? productid=1272010 (http://www. sbireports. com/product/display. asp? productid=1272010). It is also available at MarketResearch. com.
About Specialists in Business Information
Specialists in Business Information (SBI), a division of MarketResearch. com, publishes research reports in the industrial, construction, materials, and consumer goods markets. For more information visit http://www. sbireports. com (http://www. sbireports. com), or contact Tom Ehart at 240-747-3014.
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