Ceramic Industry

ONLINE EXTRA: Market Forecasts

April 1, 2011

Energy-Efficient Technologies to Comprise 75% of U.S. Lighting Market by 2020
Fluorescent and light emitting diode (LED) lighting technologies will play an increasingly important role in the U.S. market, making up over three-quarters of that market by 2020, according to a recent report from Pike Research.

The U.S. accounts for approximately 20% of the world’s total electricity consumption for lighting, at an annual cost of over $40 billion. The largest share of this lighting electricity is used in commercial and public buildings, followed by residential lighting, industrial sector lighting, and outdoor/street lighting.

“Fluorescent lighting technology is becoming more and more important in many key applications,” said Mike Wapner, senior analyst. “Fluorescent lighting is already very energy efficient, it has increasingly cost-effective dimming options, and it’s been around long enough for people to have familiarity and confidence with its performance in a variety of lighting situations.”

While technical, market and other barriers will somewhat hamper the growth of LED lighting in the beginning of this decade, Wapner said adoption will start to accelerate by the 2014-2015 timeframe. Penetration of the outdoor stationary sector will grow first, partly because color rendering is less important in these applications (thus allowing use of the least expensive LEDs). When compared to the overall lighting industry, LED sales volumes will still be relatively low in those years, but high prices will lead to large revenue figures. The long life of LED products will also mean that most sales will go into new construction and retrofit situations, and there will be relatively little replacement business.

What’s more, although technological, policy and market trends appear to be driving the U.S. lighting market away from incandescent lighting, they will not totally disappear anytime soon. Many types of “specialty” incandescent lamps are exempted from the U.S. regulations that will phase out the most common bulbs.

For more information, call (303) 997-4619 or visit www.strategyr.com.
 
Composite Materials in Aerospace to Top $35.8 Billion by 2018
Despite the global economic downturn, significant opportunities continue to exist for composites in the global aerospace market, according to “Opportunities for Composites in the Global Aerospace Market, 2009-2028,” a new market study conducted by Lucintel.

Composites demand is expected to grow during next 10 years due to the need for fuel-efficient, durable and low-maintenance aircraft. According to the report, the total demand for composites in commercial aerospace, regional jets, defense, general aviation, helicopter and other segments of the aerospace market is expected to be worth $35.8 billion during 2009-2018.

In the aerospace market, the commercial sector will drive the growth of composites demand due to new programs such as Boeing 787, Airbus 380 and Airbus 350, which have significant usage of composites. The defense and general aviation markets are expected to see an increase in penetration of composite materials, though demand for composites is lower in these areas than in commercial aerospace.

This study also reveals that, while composite materials currently represent a relatively small segment of the aerospace industry, the potential exists for composite materials to become a more integral component within the industry in the future. Although aluminum is currently the predominant material used in the overall aerospace industry, aerospace companies are showing increased interest in composite materials because of a desire for more fuel-efficient and corrosive-resistant aircraft.

For additional details, call (972) 636-5056 or visit www.abiresearch.com.
 
Aerospace and Defense Revenues to Reach $399 Billion by 2015
The global aerospace and defense industry is expected to reach $399 billion by the year 2015, according to a new report by Global Industry Analysts Inc. Key factors figured to drive industry growth include expansion in commercial airline operations, post-recession improvement in international air traffic, and continued steady injection of funds into the military/defense sector.

According to the report, the U.S. continues to remain the largest regional market worldwide. The Asia Pacific region is the fastest growing, displaying a compound annual growth rate (CAGR) of more than 3.0% over the analysis period. Growth in this region will be primarily driven by burgeoning demand for commercial aircrafts in the region, encouraged by the robust growth in air traffic, particularly in developing countries such as China and India.

The aircraft products and services market represents the largest segment within the aerospace and defense industry, while the modeling, simulation and training sector represents the fastest growing segment, displaying a CAGR of about 3.7% over the analysis period. Growth in this segment will be primarily driven by shortages of trained pilots in developing countries, such as China, India and other Asian countries. With a large number of new aircraft deliveries being made to developing countries, the need for experienced and skilled pilots in these markets will remain acute.

For more information, call (408) 528-9966 or visit www.strategyr.com.