Latin America Commercial Fluorescent Lighting Market to Develop at 16.50% CAGR by 2017, Driven by Rising Demand for Electricity
Transparency Market Research announces the release of a new research study, titled “Commercial Fluorescent Lighting Market - Latin America Industry Scenario, Size, Share, Trends, Analysis and Forecast, 2011 - 2017”. The report states that registering a progressive CAGR of 16.50% from 2011 to 2017, the Latin America commercial fluorescent lighting market is projected to rise from US$212.3 mn in 2011 to US$531.2 mn by 2017.
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
Concentrating on the dynamics of the Latin America commercial fluorescent lighting market, the report identifies the leading factors driving and restraining the market. According to the report, the commercial fluorescent lighting market in Latin America is fueled by rapid industrialization, the growing population, and the consequently escalating demand for electricity. On the downside, rise in the number of upcoming alternative products and high initialization cost are likely to inhibit the growth of the Latin America market. In addition, challenges of commercial fluorescent lighting such as adverse effect on human life and surrounding environment, inefficiency at extreme temperatures, and delay in achieving full brightness owing to radio interference are also anticipated to restrain the market.
With the help of the latest market intelligence tools, the research study elucidates the impact of major external forces on the commercial fluorescent lighting market in Latin America. Porter’s five forces analysis provides insightful data on the bargaining power of buyers and suppliers, the threat of substitutes and new entrants, and the competitive rivalry existing in the regional markets.
On the basis of region, the Latin America commercial fluorescent lighting market is segmented into five major countries: Cuba, the Dominican Republic, Panama, Argentina, Costa Rica, Jamaica, and Brazil. A country-wise analysis of the commercial fluorescent lighting market in Latin America sheds light on the different trends impacting this region and the market revenue and forecast for the period from 2011 to 2017.
The commercial fluorescent lighting market in Cuba plays a significant role in boosting the market’s overall growth in Latin America given its rise in GDP, increasing population, and surge in electricity consumption. Mexico and Brazil are also major markets for commercial fluorescent lighting and are likely to propel the demand for energy-efficient lighting solutions.
An important feature of the research report on the Latin America commercial fluorescent lighting market is a detailed evaluation of the competitive landscape. Leading vendors operating in the Latin America market are identified and profiled in order to paint a clear picture of the working of the commercial fluorescent lighting market in the region, the rivalry among top players, and their individual contribution and performance during the review period. The companies that feature in the research study are Osram Sylvania, Philips Lighting, Acuity Brands, Cooper Lighting, and GE Lighting. These participants are profiled on the basis of company overview, financial standing, strengths, weaknesses, opportunities, and threats.
Latin America Commercial Fluorescent Lighting Market, by Region
- Costa Rica
- Dominican Republic
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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