Now that’s a lot of light!
U.S. lamp demand is expected to rise 2.4% per yr to 6.3 billion units by the year 2001. That projection is according to a new study from The Freedonia Group, Inc., a Cleveland-based industrial market research firm.
Demand has been steadily increasing, according to the survey, from 4950 million units in 1992, jumping 3.3% to 5640 in 1996, with a projected use of 6345 million units in 2001.
Incandescents will remain dominant, with over 80% of the market, but the demand for fluorescent lamps will exhibit the fastest growth, rising 5% annually to 910 million units. Fluorescents are the lamp of choice in many plants, based on their favorable lifetime cost/performance ratios.
Demands for HID and other lamps will also experience gains, due to strong growth in industrial construction expenditures and the accelerating retrofit market.
For more information about the complete study, contact Corinne Gangloff at 216-921-6800, e-mail tfgi@ ix.netcom.com, or visit the website www.freedoniagroup.com.