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Latin America Commercial Fluorescent Lighting Market to Rise at 16.5% Cagr Between 2011 and 2017

  • Date Submitted: 09/30/2015 02:24 AM
  • Flesch-Kincaid Score: 27.3 
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A new market research report published by Transparency Market Research and titled “Commercial Fluorescent Lighting Market - Latin America Industry Scenario, Size, Share, Trends, Analysis and Forecast, 2011 - 2017” states that the commercial fluorescent lighting market in Latin America is expected to touch US$531.2 million in 2017 with a progressive growth at a 16.5% CAGR between 2011 and 2017. As per the report, the Latin American commercial fluorescent lighting market was valued at US$212.3 million in 2011. The research report provides an in-depth analysis of the industry, including a detailed elaboration upon the market drivers and challenges faced by the key players in the market.

The research report has segmented the Latin America commercial fluorescent lighting industry into five countries, namely Costa Rica, Cuba, Panama, Jamaica, and the Dominican Republic. The report has provided a comprehensive assessment of the commercial fluorescent lighting markets in these Latin American countries, including the key market trends and market revenue for the forecast period.The commercial fluorescent lighting market of Latin America provides a variety of products to the customers, increasing the popularity of the commercial fluorescent lighting market. The high lumen efficacy of the products has been proved to be cost-efficient in terms of power consumption, which will boost the demand in the forecast period. Another driving factor of the commercial fluorescent lighting market is its lower initial cost. In addition to this, the lifespan of the products is longer with a lower maintenance expense. The growing industrialization and population of Latin America is also playing a major part in fueling the demand from the commercial fluorescent lighting market in Latin America.

On the flip side, the use of phosphor and mercury in the production process of commercial fluorescent lighting, which emits toxic gases, is casting an adverse effect on human life and environment....

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