International forecasts for the global lighting market indicate that its value in 2020 reached a level of around 100 billion euros. The key drivers of demand growth, progressive urbanization and climate change stimulates the idea of energy efficiency and respect for the environment.
There are three major market segments within the entire lighting market: backlighting (lighting used in LCD technology), automotive lighting (lighting used in the automotive industry) and general lighting (the LUG S.A. Capital Group operating segment). In 2011, the general lighting segment was estimated at about 55 billion euros, which accounted for nearly 75% of the global lighting market, and pointed at dominant position compared to other segments. According to forecasts of McKinsey & Company in 2020, general lighting segment will increase to 83 billion euros (80% of the market). The average value of the growth rate in this segment should reach 6% in 2010-2016, and 3% in 2016-2020.
DEVELOPMENT PROSPECTS OF LIGHTING INDUSTRY:
LED LIGHTING IS THE MOST
VERSATILE AND FASTEST
IN THE LIGHTING INDUSTRY.