The electroluminescent
lights are low power consuming and when they are electrically charged they lose
their energy in the form of light. Special features of electroluminescent
lighting systems are encouraging customers to replace the traditional lighting systems
in wide number of applications. End use industries like automotive and
transportation, electronics and electrical etc. are growing rapidly.
Manufacturers are focusing on implementation of new technologies to light up
various items inside and outside of the vehicle using electroluminescent
lighting ultimately driving the growth for this market. Construction and
architectural industries are also in there growth phase and electroluminescent
lighting finds a numerous applications in this industries in the form of
stairway lighting, night lights, landscape lighting, floor mats etc.
this is also acting as a driver for
electroluminescent lighting market. Printing technology companies like GSI
technologies have done mergers and. Acquisitions with leading electroluminescent
lighting display companies to use there assets to supply the need of high
volumes of printed lights for automotive, transportation, medical lighting
applications etc. In addition to all these advertising industry also finds a
multiple applications for electroluminescent lighting in sign boards, banners,
posters, billboards, POP signs in stores, trade show booths, special offer
signs, podium in front of booth area etc. they are also expected to grow during
forecast period contributing to the growth of electroluminescent
lighting market.
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Textile market which
includes outerwear, men’s women’s and children’s clothing, toys, footwear,
clothing accessories and sports gears etc. has seen a use of electroluminescent
lighting. These markets generate more than $250 billion annually and
anticipated to drive electroluminescent lighting market. Development and
innovations in printed lights, OLED and LEDs can act as a restraints for the
growth of electroluminescent lighting market.
Based on the end use
industry type the electroluminescent lighting market is segmented into:
·
Advertising
·
Food and beverages
·
Transportation and
automotive
·
Construction/Architectural
and commercial lighting
·
Textile Market
Based on the material
type the electroluminescent lighting market is segmented into:
·
Electroluminescent
wire
·
Electroluminescent
strips/tapes
·
Electroluminescent
panels
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In terms of geography,
the electroluminescent lighting market has been divided in to five key regions
including North America, Latin America, Europe, Asia-Pacific and Middle East
& Africa. The electroluminescent lighting market is expected to register
healthy CAGR during the forecast period. North America is anticipated to be the
dominant market for electroluminescent lighting market followed by Asia Pacific
and Europe. The market in Asia-Pacific region is expected to grow at highest
CAGR over the forecast period. Countries like China and India are major
manufacturing hubs for various electronic, automotive and consumer goods and
are likely to provide abundant opportunities for the growth of the
electroluminescent lighting market.
Some of the key
players in the electroluminescent lighting market are Technomark, RSP, Inc.,
LumaMedia,intl., ASM Circuits Pvt. Ltd. Etc.
The research report
presents a comprehensive assessment of the market and contains thoughtful
insights, facts, historical data, and statistically supported and
industry-validated market data. It also contains projections done using a
suitable set of assumptions and methodologies. The research report provides
analysis and information according to categories such as market segments,
geographies, type, machine size and end use.
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