Lighting Control Market to Triple
Lighting control is now getting the same level of attention that building managers have learned to pay for heating and air conditioning. Under these circumstances, demand in commercial buildings for local controls – occupancy sensors and photosensors, as well as networked controls – is on the rise. And as the adoption of LED lighting begins to climb and controls technology improves and becomes less expensive, that surge will intensify.
With that market dynamic, Navigant Research forecasts that global revenue from networked lighting control equipment within commercial buildings will grow from $1.7 billion in 2013 to $5.3 billion in 2020.
Different types of vendors are moving aggressively into the lighting controls market. Leading the innovative side of the market are pure-play startup companies, which are largely responsible for the proliferation of creative ways to visualize lighting usage and devise new strategies to manage lighting energy consumption. The traditional lighting companies have begun offering a complete range of lighting control products, from local sensors to building-wide software. Established building controls companies have also been expanding their capabilities to include lighting controls along with other building-wide control systems.
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