The general lighting market in Brazil is segmented by application (architectural, commercial, industrial, outdoor, and residential), by type (LED lighting and traditional lighting), by technology (LED, HID, CFL, LFL, halogen, and incandescent), and by form (replacement and Luminaire).
Technavio’s market research analysts estimate the general lighting market in Brazil to grow at a rate of close to 14% between 2014 and 2019. The residential segment is the largest contributor to the market, accounting for nearly 54% of the total revenue. However, analysts estimate the commercial segment to experience the highest growth during the forecast period due to rapid commercialization in this region.
The new market research report from Technavio provides a breakdown and analysis of the general lighting market in Brazil by form.
“The LED technology segment dominates over all the other segments because of the advent of HB LEDs and the introduction of intelligent lighting. Additionally, with the augmented use of LEDs for street lighting purposes and the growing popularity of LED Luminaires, it is not surprising that this segment is experiencing promising YoY growth. Numerous advantages like higher brightness, longer life span, and higher energy-efficiency will augment the adoption of LEDs during the forecast period,” says Navin Rajendra, Lead Analyst, IT Hardware, Software, Services, Technavio Research.
The report also offers a breakdown of market shares by type and includes the LED lighting segment and the traditional lighting segment. At present, the traditional lighting segment accounts for approximately 72% of the overall market but its share is expected to decline owing to the growing popularity of the LED lighting segment. The rapid adoption of LED lighting will result in its booming growth rate of nearly 32% during the forecast period. The impressive growth rate of this segment can be attributed to the increased adoption of intelligent lighting, longer average life span of LED lights, and the emergence of HB LEDs.
General lighting market in Brazil by type 2014
Source: Technavio, 2015
Leading companies in this market include GE, Panasonic, Koninklijke Philips, and Schneider. The report provides an overview of these companies, their financial overview, business strategies, and recent developments, as well as an in-depth discussion of the leading market drivers, challenges, and trends.
A more detailed analysis is available in the Technavio report General Lighting Market in Brazil 2015-2019.
https://www.technavio.com/%3Cp%3E%3Cstrong%3EWe%20can%20customize%20repor…
