The fluorescent lamps were invented by an American inventor Inman in 1938, since then fluorescent lights have undergone technological developments and have been structured in tandem with advancements in human lifestyles. Commercial fluorescent lamps are characterized by gas discharge, which uses electricity to excite low pressurized mercury vapor and other inert gases such as neon or argon, and krypton thereby stimulating phosphor material coated on the inner side of the tube to emit visible white light.
The introduction of the commercial fluorescent lights phased out incandescent lights in most parts of the world. Owing to investment perspective, the market for commercial fluorescent lighting in Latin America is still fresh and open for new market players. Brazil and Mexico are leading markets in commercial fluorescent lighting implementation and are forecast to aggressively lift-up on the deployment of energy efficient lighting solutions.
The urge to efficiently utilize electricity produced, has considerably fuelled commercial fluorescent light market. Commercial fluorescent lights are economical, safe and eco-friendly, owing to which they are significantly preferred over the incandescent lights. Higher lumen efficacy, low maintenance cost, rise in the industrialization and population coupled with wide product portfolio are some of the major factors fuelling commercial fluorescent lighting market across Latin America.
The electricity consumption, population and GDP of Cuba are trending at a higher level amongst Costa Rica, Cuba, Jamaica, Dominican, and Panama. These are vital factors positively impacting the commercial fluorescent lighting market in Cuba.
The research report on the commercial florescent lighting market provides a detailed analysis across all Latin American regions including Costa Rica, Cuba, Jamaica, Dominican, and Panama. It helps in understanding driving forces behind the popularity of these florescent lighting products across all industries. The report includes extensive analysis of the industry drivers, restraints, market trends and market structure. The market study provides comprehensive assessment of stakeholder strategies and imperatives for succeeding in the business. The market share analysis of the leading players of commercial fluorescent lightning market mentioned in the report exemplifies the scrupulous understanding of their market shares. The report includes a detailed analysis of the prevalent market situation, company profiles and industry trends for fluorescent lighting products in Latin America.
We have used a combination of primary and secondary research to arrive at the market estimates, market shares and trends. We have adopted bottom up model to derive market size of the commercial fluorescent lighting market and further validated numbers with the key market participants and C-level executives.
This research is specially designed to estimate and analyze the demand and performance of commercial fluorescent lighting products in the Latin America scenario. The key players of commercial fluorescent lightning market have been profiled with a focus on competitive details such as company, financial overview and SWOT analysis. The company profiles of major players such as Philips Lighting, Osram Sylvania, GE Lighting, Acuity Brands, and Cooper Lighting have been incorporated in this report.
Latin America commercial fluorescent lighting market is segmented regionally as below:
- Costa Rica
- Dominican Republic