Ssl and Fluorescent Lighting Market Growth, Trends, Analysis and Forecast

Technavio Announces the Publication of its Research Report – Global Solid-State Lighting (SSL) and Fluorescent Lighting Market 2016-2020
Technavio recognizes the following companies as the key players in the global solid-state lighting (SSL) and fluorescent lighting market: GE Electric, OSRAM, Panasonic, and Schneider Electric.
Other Prominent Vendors in the market are: Acuity Brands, Advanced Lighting Technology, Bridgelux, Cree, Dialight, Eaton, Emerson Electric, Everlight Electronics, MLS Electronics, Toshiba Lighting and Technologies, and Toyoda Gosei.
Commenting on the report, an analyst from Technavio’s team said: “A trend propelling market growth is the emergence of smart cities. A smart city is integrated with several information and communication technology solutions to improve the quality of life and drive economic growth. Therefore, governments across the globe are investing in technologies such as climate action plans, open data platforms, water management, smart grids, smart street lighting, urban mobility, and smart parking. Some of the noteworthy examples of smart city projects across the world are Indian Prime Minister Narendra Modi’s Smart Cities Mission, the Dubai Plan 2021, and US President Barack Obama’s Smart Cities Initiative.”

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According to the report, a key growth driver is strong government support in the form of subsidies. Strong government support is one of the major factors driving the growth of the global SSL and fluorescent lighting market. Governments in BRIC countries are encouraging the use of LED lights by launching new programs and providing subsidies to the manufacturers.

Further, the report states that one challenge that could curtail market growth is the absence of global LED standardization. The specifications and standards for LED lighting vary in different countries. The absence of a...