LED technology already accounts for 50% of the Spanish lighting market

On 6 July, at its General Meeting, the Spanish Association of Lighting Manufacturers (ANFALUM) presented the lighting market figures for Spain as at the end of 2015. This data, as contained in the Association’s Annual Accounts, demonstrated growth of 1.5%, with market figures in which LED technology already accounts for over half of the sector’s turnover.

2015 was an uncharacteristic year for the lighting industry, with growth of just 1.5% due to the fact that some sectors had recorded no increase at all, with others even showing a slight decline. As such, it can be said that demand remained stable for the year. The market mix was particularly significant, as for the first time, LED overtook traditional sources, accounting for over 50% of sales in all product sectors, with the exception of the components sector.

This slight increase achieved a turnover figure of €1.28bn in 2015 and consolidates the market trend as regards volume growth that started back in 2008 and that regained positive values as from 2014, following the stagnation of demand in 2012 and 2013. However despite the increase contributed by LEDs, some sectors still showed zero growth.Read more…

Article published in: FuturENERGY July-August 2016