World demand for lighting to surpass $78 billion in 2016
World demand for lighting is projected to climb more than 12% annually through 2016 to $78.3 billion, according to “World Lighting: Lamps & LEDs,” a new study from The Freedonia Group. Sales will be driven by an increase in economic activity, personal income, global motor vehicle output and construction spending.
Even more significant will be the ongoing shift to higher value, more efficient lighting technologies, especially as incandescent lamps are phased out. This shift is being propelled by the rising availability of light-emitting diodes (LEDs) and other high efficiency light sources at more affordable prices. Prices for compact fluorescent lamps (CFLs) and LEDs are expected to fall significantly.
Some other findings include:
- Market gains in developing countries will outpace sales in the United States, Western Europe and Japan;
- China will account for 49% of all additional product demand through 2016;
- Above-average growth is expected in such countries as Russia, Mexico and Brazil;
- LED (or solid-state) lighting devices will record the fastest global market gains of any major product segment;
- Sales of fluorescent lamps will continue to expand, spurred in the near term by government-led efforts to phase out the use of energy-inefficient incandescent lamps in many areas; and
- Sales of CFLs are expected to be more limited due to concern for safe disposal of the bulbs and the increasing price and performance competition from LEDs
The Freedonia Group is a leading international business research company, founded in 1985, that publishes more than 100 industry research studies annually.
Trex honored for ‘greenest’ decking
Trex Co. was recently honored in the decking products category of Green Builder Media’s 2013 Reader’s Choice Awards. More than 40% of readers who voted selected Trex decking as the "greenest" in the industry.
"Being recognized as the decking industry’s ‘green’ leader once again this year reaffirms our ongoing commitment to set the standard for eco-friendly outdoor living products," said Ronald Kaplan , chairman, president and CEO of Trex. "Respect for the environment is a way of life at Trex, and we feel a responsibility to manufacture products that both help to preserve the outdoors — and make them more enjoyable."
The Trex decking portfolio, which includes Trex Transcend, Trex Enhance and Trex Select, is manufactured from more than 95% recycled content. The company’s manufacturing process uses a proprietary processing method that eliminates smokestacks and factory refuse that is recycled back into the manufacturing line.
In addition, the company salvages and keeps more than 400 million pounds of plastic and wood scrap out of landfills each year.
Lowe’s appoints new VP
Lowe’s announced that Lara Lee will join the company as SVP customer experience design, effective Feb 25. Lee will report to Robert J. (Bob) Gfeller, customer experience design executive.
Lee will be responsible for translating business strategies into integrated, multi-channel experiences that deliver value to home improvement consumers. Named a “Master of Innovation” by BusinessWeek in 2006, Lee has driven customer-centric business transformation for more than 20 years.
“Customer needs and trends are constantly changing. In this new role, Lara will not only design experiences that support customers across every stage of the home improvement journey, but will also ensure that our employees’ abilities to deliver excellent experiences are evolving and improving to meet those ever-changing customer needs,” explained Gfeller. “Lara has an outstanding track record of helping companies identify growth opportunities and will be a tremendous addition to the customer experience design team."
Lee joined Lowe’s from global design and innovation firm Continuum, where she served as chief innovation and operating officer. Previously, she was principal and member of the executive committee at Jump Associates, consulting with clients such as GE and FedEx to identify growth opportunities and design new businesses. She also spent 15 years at Harley-Davidson, building the international business, launching new ventures and running a division that designed and monetized customer experiences.
Lee holds a bachelor’s degree in Chinese language from Brown University, a master’s degree in International Affairs from the University of Pennsylvania and an M.B.A. in multinational management from The Wharton School.