Growth in the European energy efficient lighting market is being driven primarily by European Union legislation to phase out incandescent lamps and other inefficient lighting technologies. Market prospects are, however, being dimmed by concerns over the quality of energy efficient products, as well as their relatively high initial cost.
New analysis from Frost & Sullivan (http://www.buildingtechnologies.frost.com), European Energy Efficient Lighting Market, finds that the market earned revenues of $1.15 billion in 2011 and estimates this to reach $1.92 billion in 2018. While compact fluorescent lamps (CFLs) are currently the major product segment, the light emitting diodes (LEDs) segment is expected to grow rapidly as the technology improves and prices fall...
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