Lighting
UK lighting market heading for £2.3 billion by 2028
According to a recent research report, the UK lighting market is forecast to reach a value of approximately £2.3 billion by 2028.
W
ith the report predicting a steady growth trajectory despite recent economic fluctuations, Mike Collins, managing director at Ovia, takes a look at what is behind the projected growth. The 17th
edition of the UK Lighting Market Report 2024-2028 from AMA Research provides a comprehensive review of the rapidly evolving lighting industry. Significant changes have impacted the market in the last two to three years. The most significant of these are new regulatory requirements, the wider adoption of LED solutions, as well as the strong growth in smart and connected lighting technologies. The UK lighting market is reported to be a mature market that has undergone significant changes in recent years. The most important of these being the withdrawal from production of incandescent, halogen and fluorescent lighting. These products are progressively being replaced by energy efficient LED lighting; however, with higher levels of competition, this technology has seen a sharp fall in price over the last decade, impacting on market value growth. The focus of the report is on the main types of lighting products and systems used in residential and non-residential applications and covers the key product categories – lamps, luminaires and
lighting controls. Although these have been relatively separated in the past, the market is now witnessing an increasing overlap between these categories. Much of this can be attributed to the development of connected lighting systems, such as equipment combining luminaires with lighting controls, and also the growth in the number of luminaires supplied with integrated LED lamps.
Rapid evolution of LED technology As the drive towards improving sustainability and energy efficiencies endures, so the rapid
evolution of LED technology continues. According to The Climate Group: “LED lighting has been recognized as one of the most actionable and ready-to-implement technologies for cities to transition to a low carbon economy and peak emissions in the next decade.” It also states that lighting accounts for nearly 6% of global CO2 emissions, and a global switch to LEDs could save over 1,400 million tons of CO2 and avoid the construction of 1,250 power stations.
TM66 certified LED luminaires As a company Ovia has focused its efforts on contributing to the lighting industry’s transition to a circular economy and working towards making sure all of its Inceptor LED luminaires meet the requirements of the TM66 Assured Product Verification Scheme. This scheme is an innovative initiative developed and fulfilled by the Lighting Industry Association (LIA) and endorsed by CIBSE (Chartered Institution of Building Services Engineers) and its aim is to advance circular economy practices within the lighting industry.
Almost the entire range of Ovia’s Inceptor luminaires have now been tested and scored very well on the TM66 Circularity Report. Testing involves the gathering of thorough evidence to support the specifications of the product range. The LIA verifies the TM66 results to ensure they have a consistent and accurate rating. Ovia will continue with its promise that every one of its Inceptor lighting products will get to the standards set by the TM66 report.
26 | electrical wholesalerSeptember 2024
ewnews.co.uk
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44
