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The Global Lighting Controls Product Market will be Worth 2.54 Billion by 2017, Predicts Memoori Research
The world value of lighting control
products in 2013 was approximately $1.67 billion at factory gate
prices. Memoori forecasts that the global market for lighting controls
from 2013 to 2020 will grow at a CAGR of 12%.
This Report is the new 2014 Definitive
Resource for Lighting Controls Market Research & Investment
Analysis. Understand why 2014 is the most exciting time for the
lighting industry since the early twentieth century. Lighting is truly
at an inflection point and the forthcoming shakeout over the next 5
years will determine the winners and losers in the game; as well as who
will be the lighting giants of the future.
It is the impact of LED technology that is providing vast opportunities to improve lighting products and their efficiency. This has coincided with the mandated demand to reduce CO2 emissions in buildings; creating a unique and challenging opportunity. But this will come at the cost of destabilizing the long established lighting industry.
Although the manufacture and design of lighting controls is for the most part a separate business, the introduction of LED Lighting opens up new possibilities for enhanced control and also extends it further across the “Internet of Things”.
If the lighting controls market is to
maximize the growth opportunities that we forecast then it must
increase its share of the retrofit market. Whilst the case for
retrofitting buildings with LED lighting has become very compelling it
needs wireless technology in order to bring down the installation cost
and improve the return on investment in much of this sector.
Memoori is an independent market research and investment advisor, based in London, United Kingdom. Our intelligence and advice helps technology companies and investors create sound strategies for future success. We specialize in researching Smart Grid, Smart Buildings, Lighting and Physical Security Markets. For more details please visit our website http://www.memoori.com/
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