Worldwide Intelligent Lighting Controls Market to Surpass $4.3 Billion by 2020

June 28, 2012

Lighting accounts for about 25% of the commercial building sector’s energy use.  Lighting controls offer significant potential for reducing that energy use, and new technologies that have emerged in recent years have enabled a wide range of innovative strategies, from room-level awareness of occupancy and daylight sensing to building-wide coordination of a fully networked system.  According to a new report from Pike Research, the global market for intelligent lighting controls will enjoy steady and robust growth over the rest of this decade, rising from $1.5 billion in 2012 to more than $4.3 billion in 2020.

“New strategies for intelligent lighting control are beginning to gain broad acceptance by building owners and managers at the same time that building codes and regulations are increasingly mandating greater efficiency in buildings,” says senior analyst Eric Bloom.  “This confluence of events creates a strong growth environment for companies in the space, particularly those that provide lighting control in the context of broader building energy management solutions.”

In particular, new wireless technologies, along with reductions in prices for LED lights and dimmable ballasts, have made retrofit projects considerably more attractive.  As LEDs become more mainstream, lighting controls – in the form of standalone devices or systems integrated into light fixtures – will help maximize their benefits.  The number of existing buildings in developed countries, where these technologies have already gained acceptance, is quite large, and the pool of buildings that could benefit from lighting control retrofits in the developing world is vast.  While North America will remain the largest market for intelligent lighting controls through the end of the decade, the most rapid growth will come in Asia Pacific, where revenues will rise at a compound annual growth rate (CAGR) of 21%.

Pike Research’s report, “Intelligent Lighting Controls for Commercial Buildings”, analyzes the global market opportunity for intelligent controls across nine building types: office, retail, education, healthcare, hotels & restaurants, institutional/assembly, warehouse, transport, and multi-unit residential.  The report provides a comprehensive assessment of the demand drivers, obstacles, policy factors, and technology issues associated with the growing market for lighting controls.  Key industry players are profiled in depth and worldwide revenue and capacity forecasts, segmented by building type and region, extend through 2020.  An Executive Summary of the report is available for free download on the firm’s website.

Contact: Richard Martin

+1 303 997 7609

press@navigantresearch.com

Register to Receive Updates

Sign up or login to receive free newsletters, research updates, access to webinars, and other analyst content from Navigant Research.

Research News

Rss
Commercial Building Automation Systems Revenue is Expected to Total More than $713 Billion from 2015-2023
March 5, 2015The deeper integration of disparate BASs is helping drive their adoption in commercial buildings, report finds • A recent report from Navigant Research analyzes the global market for commercial building automation…
Read More »
Revenue from Energy Efficient Building Products and Services Is Expected to Total More than $4.3 Billion from 2015 to 2023
March 4, 2015Building envelope technologies represent the largest energy efficient building market segment, report finds • A recent report from Navigant Research analyzes the global market for commercial building energy…
Read More »
Home Energy Management Revenue Is Expected to Total More than $22 Billion from 2014 to 2023
March 2, 2015The global market is expected to peak in 2020 following Great Britain’s government-mandated smart meter rollout, report finds • A recent report from Navigant Research examines regional and global trends in the home…
Read More »
Longer Blades and New Materials are Dramatically Affecting the Global Wind Turbine Manufacturing Industry
February 27, 2015Innovation and lean manufacturing are leading to rapid evolution in blade design and manufacture, report concludes • A recent report from Navigant Research examines the significant forces shaping the global wind…
Read More »
View All News

{"userID":"","pageName":"Worldwide Intelligent Lighting Controls Market to Surpass $4.3 Billion by 2020","path":"\/newsroom\/worldwide-intelligent-lighting-controls-market-to-surpass-4-3-billion-by-2020","date":"3\/6\/2015"}