Transparency Market Research has recently published an extensive research report to analyze the trends and dynamics governing the Latin America commercial fluorescent lighting market. The research report, titled “Commercial Fluorescent Lighting Market - Latin America Industry Scenario, Size, Share, Trends, Analysis and Forecast, 2011 - 2017,” includes Porter’s five forces analysis to estimate the threat of new entrants, the bargaining power of customers, the threat of substitute products or services, the intensity of competitive rivalry, and the bargaining power of suppliers. The research report also includes SWOT analysis to estimate the strengths, weaknesses, opportunities, and threats that are influencing the segments of the overall market. The report has also been authenticated with opinions of industry experts gathered through primary and secondary research methodologies.
Browse the full Commercial Fluorescent Lighting Market - Latin America (Costa Rica, Cuba, Jamaica, Dominican, and Panama) Industry Scenario, Size, Share, Trends, Analysis and Forecast, 2011 - 2017 report at https://www.transparencymarketresearch.com/commercial-fluorescent-lighting-market.html
According to the research report, the Latin America commercial fluorescent lighting market was valued at US$212.3 mn in 2011 and is expected to reach US$531.2 mn by 2017, registering a CAGR of 16.50% from 2011 to 2017. The report ascertains that the commercial fluorescent lighting market in Latin America will be driven by the growing industrialization, rise in population, and the subsequent rise in the demand for electricity.
On the other hand, the commercial fluorescent lighting market in Latin America will be restrained by the introduction of alternative solutions and high initial cost. Furthermore, the negative impact of commercial fluorescent lighting on human health and the surrounding environment is likely to pose a tough challenge to the growth of this market in Latin America. The inability to reach complete brightness due to radio interference and operational inefficiencies in extreme temperatures will further complicate this problem.
On the basis of region, the Latin America commercial fluorescent lighting market is segmented into Costa Rica, Cuba, the Dominican Republic, Panama, Jamaica, Argentina, and Brazil. Out of all these regional segments, Cuba holds a dominating share in the Latin America commercial fluorescent lighting market due to its stabilizing GDP. The demand for commercial fluorescent lighting in Cuba is also high due to the rise in its population and increasing electricity consumption. Apart from Cuba, Brazil and Mexico are also likely to lead the overall commercial fluorescent market in Latin America as the demand for energy-efficient lighting solutions grows.
Some of the important players in the Latin America commercial fluorescent lighting market are Philips Lighting, GE Lighting, Osram Sylvania, Cooper Lighting, and Acuity Brands. The research report includes a fair assessment of the competitive landscape of the global commercial fluorescent lighting market and the regulatory framework governing it. Furthermore, the research report also includes an evaluation of the research and development activities, financial overview, product portfolio, investment outlook, and strategic mergers and acquisitions of these top players for the next few years.
Latin America Commercial Fluorescent Lighting Market, by Region
- Costa Rica
- Dominican Republic
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