LONDON (Commodity Online): Energy companies in European lighting market that embraced 'green technologies' have been able to avoid an economic catastrophe due to low construction activity by applying energy efficient lighting controls or LED.
While economic crisis increases strain across the globe, the European lighting market gladly welcomes the EU drive, new legislation and public awareness for greater energy efficiency, according tot the latest market data by Frost & Sullivan
Strategic maneuvers have secured the lighting industry's endeavors to establish their position of stability, and avoid being left behind by surrounding markets seeking to take advantage of new and promising market dynamics. Leading companies with larger budgets in green technologies, such as Philips, Osrams and Zumtobel have been primary promoters to demonstrate confidence in the future of green lighting. As more companies join the bandwagon, the necessity to implement green lighting will rapidly spread universally.
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Analyst Michael Meyer observes, "Lighting manufacturers have made significant steps in addressing the current issues of being green and energy efficiency - the result has been a dramatic push for green products. Besides, as large lighting corporations continue to invest huge sums in R&D for green technologies and the marketing of it fundamental change is certain to be brought to a traditionally conservative market."