The increase in the living standards and changing lifestyles has led to a greater demand for energy-efficient new lighting technologies over the traditional incandescent and halogen lighting. A wide number of application areas ranging from small household lighting to commercial and industrial lighting have been benefited by these emerging lighting technologies. The fulcrum has further shifted in favor of these new technologies by virtue of their availability in different sizes and shapes and with different fixtures to justify their usage in the widely varied application areas. High initial cost and health and environmental concerns in developed countries are some of the major hiccups for the industry. However, the current market trends show the increasing market size for emerging lighting technologies in both the developed and developing countries. With continued efforts and research to overcome the challenges, and development of improved products at affordable prices, the market is set for a roll-on for the next several decades.

The briefing on the Emerging Lighting Technologies and Global Market (2009-2014) will benefit the lighting equipment manufacturers, lighting fixtures manufacturers, optoelectronic component manufacturers, the ingredient suppliers and research laboratories.

“We can expect to see new emerging lighting technologies coming out strongly and products to be added under the emerging lighting technologies umbrella, triggered by the extensive research being done by the big companies” notes MarketsandMarkets. “High research cost and a significant time gap between development and commercialization is proving out to be the major challenge for the smaller companies joining this industry”

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