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Market Facts Spotlight the Huge Demand

17/06/2015

Energy efficient & eco-friendly lighting technologies are gaining popularity in the Latin America & Caribbean region. The market for energy efficient lamps in the region is expected to reach USD 3,552.4 million by 2018, growing at a CAGR of 23.2 percent from 2012 to 2018, according to Transparency Market Research. 

 

Increasingly importance has been attached to efficient lamps in the Latin America & Caribbean region due to the advantages like higher energy efficiency, cost saving potential, and environment friendly attributes. Countries in the region have undertaken numerous initiatives, programs, regulations, communication campaigns and other actions to improve lighting efficiency. Two UNEP projects, REGATTA and en.lighten, in coordination with Proyecto Mesoamerica, is supporting the development of the regional efficient lighting strategy for Latin American countries. And according to the “Regional Lighting Efficiency Strategy” approved by the Ministers of Energy of Mesoamerica on December 6th, 2013 in Panama, technical regulations and collection and recycling activities have been implementing to phase-out inefficient incandescent and halogen lamps by the end of 2016.

 

The report Latin America Energy-Efficient Lamps Market and Ballasts Market (2010 - 2015), by Transparency Market Research, shows that LEDs are supposed to be the region’s market leader in energy efficient lighting solutions in near future. “Post 2015, LED lighting applications are expected to witness the highest market share in overall lighting market. Though LED lighting market is relatively very small in Latin American nations in comparison to other lighting technologies, its growth prospect is huge. CFL (Compact Fluorescent lamp) is the second fastest growing market in Latin America with a

CAGR of 16.4% from 2011 to 2015.” As the fastest growing segment, LED lighting market will hit a new record with a rise of almost 50 percentage points in its market share by 2022.

 

Stepping with pace towards to the goal of Efficient Lighting, InterLumi Panama was born to provide all the practitioners with not only an international arena to gather with the global active players showcasing various state-of-art lighting technologies & products made for the region but also a platform for efficient lighting trade.

 

InterLumi Panama is an international lighting trade fair organized by America Expo Group (AEG), whose business is specialized in emerging market, mainly in Panama at present. Thanks to the geographic advantages of Panama, AEG will launch more trade-oriented events in various industries by combining its regional sources with the global network. The event will take place on 6 – 8 July, 2016 at ATLAPA Convention Center in Panama. For more information, please visit www.inter-lumi.com or email info@america-expo.com.

Contact for Media Cooperation: pr@inter-lumi.com