LONDON--(BUSINESS WIRE)--Technavio has published a new report on the general lighting market in Brazil, which is expected to grow at a CAGR of nearly 14% from 2015-2019.
General lighting market segmentation including application, type, technology, and form
Technavio’s report analyses the solutions and products offered by market vendors and presents a comprehensive breakdown in terms of market segmentation for different technologies, including LED, HID, CFL, LFL, halogen, and incandescent.
Additionally, analysts have segmented market projections by type, and also by form, focusing on luminaire market and replacement market.
The new report by Technavio also emphasizes the rise in demand for architectural lighting fixtures and personalized luminaries, which is driven by the growth in sophisticated lifestyle and increasing trend of decorating domestic interiors.
“Philips has introduced its stylish range of lighting known as Hue, which can connect with Nest thermostat, a motion sensor that can sense the presence of a person and switch on the lights,” says Faisal Ghaus, Vice President of Technavio.
General lighting: Market scope and calculation of market size
This report covers the present scenario and growth prospects for the general lighting market in Brazil from 2015-2019. To calculate the market size, we considered revenue generated by different application segments such as residential, commercial, industrial, architecture, and outdoor.
Industry analysis includes:
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Key Vendors:
- GE
- Panasonic
- Koninklijke Philips
- Schneider Electric
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Market Growth Drivers:
- Upcoming 2016 Summer Olympics
- Stringent government regulations
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Market Challenges:
- High import duties
- Economic uncertainty in Brazil
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Market Trends:
- Rise in demand for architectural lighting fixtures
- Increase in demand for green lighting
View the general lighting market in Brazil report.
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