2016 Olympic Games Contributed to the Growth of Fluorescent Lighting Market in Latin America

The fluorescent lamps were invented by an American inventor Inman in 1938, since then fluorescent lights have undergone technological developments and have been structured in tandem with advancements in human lifestyles. Commercial fluorescent lamps are characterized by gas discharge, which uses electricity to excite low pressurized mercury vapor and other inert gases such as neon or argon, and krypton thereby stimulating phosphor material coated on the inner side of the tube to emit visible white light.

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The commercial fluorescent lighting market in Latin America is still in its nascent stage, providing endless opportunities for players to capitalize on. Cooper Lighting, Acuity Brands, GE Lighting, Osram Sylvania, and Philips Lighting are some of the leading companies presently operating in the Latin America commercial fluorescent lighting market.

Since the sale of the first ?fluorescent lumiline lamps? in 1938, when four distinct sizes of tubes were put on the market, commercial fluorescent lighting systems have come a long way. By 1951, it was said that more light was generated in the U.S. with the help of fluorescent lamps than by incandescent lights. Changing lifestyle of the urban world and technological developments have made fluorescent lighting a crowd favorite, stimulating the market in Latin America as well.

The commercial fluorescent lighting market in Latin America has witnessed significant growth over recent years thanks to the rapid pace of industrialization in the region. Lower initial cost of fluorescent lighting, improved lifespan of the products, lower maintenance expense, and improved lumen efficacy have helped boost the popularity of commercial fluorescent lighting. In addition, infrastructural development for the FIFA World Cup held in Brazil in 2014 and the upcoming 2016 Olympic Games to be hosted by Rio de Janeiro have contributed to the growth of the commercial fluorescent lighting market in Latin America.

The major countries that fall under the Latin America commercial fluorescent lighting market are Cuba, Panama, Brazil, Costa Rica, Argentina, Jamaica, and the Dominican Republic. Given the large-scale deployment of energy-efficient lighting systems in Mexico and Brazil, these two countries have been identified as the leading commercial fluorescent lighting markets in Latin America. The market in Cuba is driven by growing population, rise in GDP, and surge in electricity consumption. Panama, on the other hand, is anticipated to register strong growth by 2017 thanks to favorable policies related to tourist development, growing population, and establishment of numerous industries.

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