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

Lighting controls offer significant potential for reducing energy use in commercial buildings. New technologies  have emerged in recent years that 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, these new technologies will help grow the global market for intelligent lighting controls from $1.5 billion in 2012 to more than $4.3 billion in 2020.

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 103-page report, “Intelligent Lighting Controls for Commercial Buildings”, assesses the demand drivers, obstacles, policy factors, and technology issues associated with the lighting controls market. An Executive Summary of the report is available for free download on the firm’s website.

Speak Your Mind

*