Press Release Summary:
NEMA's compact fluorescent lamps index reversed negative trend that dated back to first quarter 2009, registering 3% year-over-year increase. Conversely, incandescent lamps index fell to second lowest level on record showing year-over-year decline of 2.2% during first quarter of 2010. Dichotomous growth patterns between residential incandescent lamps and medium screw-base CFLs resulted in CFLs regaining market share, increasing to 24.2% from 22.0% in 2009Q4.
Original Press Release:
NEMA's CFL Lamp Index Posts Solid Growth During First Quarter of 2010
ROSSLYN, Va., -NEMA's compact fluorescent lamps (CFL) index reversed a negative trend that dated back to the first quarter 2009, registering a 3 percent year-over-year increase. Conversely, the incandescent lamps index fell to its second lowest level on record showing a year-over-year decline of 2.2 percent during the first quarter of 2010, which maintains a three and a half year streak of deterioration for this market segment.
The dichotomous growth patterns between residential incandescent lamps and medium screw-base CFLs resulted in CFLs regaining market share, increasing to 24.2 percent from 22.0 percent in 2009Q4. Consumers appear to be more willing to absorb the higher up-front costs of CFLs versus incandescent lamps, due in part to the U.S. economy remaining on a path of recovery.
NEMA is the association of electrical and medical imaging equipment manufacturers. Founded in 1926 and headquartered near Washington, D.C., its approximately 450 member companies manufacture products used in the generation, transmission and distribution, control, and end use of electricity. These products are used in utility, industrial, commercial, institutional, and residential applications. The association's Medical Imaging & Technology Alliance (MITA) Division represents manufacturers of cutting-edge medical diagnostic imaging equipment including MRI, CT, x-ray, and ultrasound products. Worldwide sales of NEMA-scope products exceed $120 billion. In addition to its headquarters in Rosslyn, Virginia, NEMA also has offices in Beijing and Mexico City.
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