A new report on the UK lighting market forecasts healthy growth in 2016 as LED lighting continues to invigorate sales.
The report, from MTW Research, identifies a number of key opportunities to grow sales in both domestic and non-domestic sectors, with 4% growth forecast for this year.

And overall lighting sales are set to exhibit above-inflation growth to 2020, with LED lighting providing significant impetus.

MTW identifies several technologies set to offer growth and new directions to the lighting market in 2016 and beyond. Li-fi, for example, uses light to transfer data at high speeds, harnessing state-of-the-art light sources to provide lightning quick connectivity.

Energy retrofits are also set to offer significant growth: enhanced efficacy of LED lighting has continued to boost lighting refurbishment, with new build demand set to grow as well.

The report presents a positive forecast for most of the key lighting sectors, but with LED lighting outperforming the overall market.

However, MTW identifies a threat in the saturation of the LED market, which has been seen in the US lighting industry in the last few years. Volume demand for LED lighting will increase as manufacturers seek to capitalise on its success, but this could increase price pressure.

The research also found that more than 65% of lighting retailers have experienced revenue growth in the last 12 months.