According to research, security lighting products have a buyer score of 3.2 out of 5.
In the lead up to 2014, lighting technology has evolved rapidly which has resulted in rising costs of lights.
Despite the rise in product prices, it is still a 'consumers market' in that the products are mostly similar meaning consumers have their pick of companies to buy from with their choice being based on financial cost. There are also varieties of security lights in the market such as motion activated or dusk-to-dawn, which gives buyers extra 'power' in the market.
Business Research Analyst, Anna Son, said: "As buyers have increasingly started investing in upgrading their facilities with more technology advanced lighting fixtures, demand for security lights has picked up, causing prices to follow suit."
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