Lighting Industry Overview
Demand in general for electricals and lighting products is expected to uptick as a result of increased energy costs, and especially for those products that can demonstrate their cost-saving features.
The "Energy Star" label, which indicates that a product meets energy-saving specifications, found its way onto more products last year, from light bulbs to refrigerators.
And several bulb suppliers such as Philips and GE have used their advertising to play up the longer-lasting qualities that have been engineered into their compact fluorescent and halogen products.
Despite technological advances that make energy-devouring major appliances far more efficient, energy demand continues to rise because there are so many more consumer electronic devices being used in the home.
In addition, lighting innovations such as full spectrum lighting, natural lighting and light therapy/healthy lighting products are 'lighting up' the market.
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