TechNavio recognizes the following companies as the key players in the Global Lighting Control Market: Acuity Brands Lighting Inc., General Electric Co., Leviton Manufacturing Co. Inc., Lutron Electronics Co. Inc., and Schneider Electric Co.
Commenting on the report, an analyst from TechNavio’s team said: “The need for energy conservation has been receiving increasing attention. This will have a direct influence on the Global Lighting Control System market during the forecast period because concerns about energy conservation lead to the increased adoption of energy-efficient systems, thereby enhancing the growth of the market. Lighting control systems are majorly used in residential, commercial, industrial, and outdoor applications. For instance, they are extensively used in commercial applications where they can monitor light settings, detect the presence of people in rooms, and reset the light settings accordingly. Thus, lighting control systems ensure energy savings and help minimize wastage.”
According to the report, one of the main drivers in this market is the increasing demand from end-users in the Industrial and Commercial segments. The rise in the number of end-users is expected to increase the demand for lighting control systems, thereby propelling the growth of the market during the forecast period. Thus, the Commercial and Industrial segments are the major revenue contributors to the market.
Further, the report states that one of the key challenges in this market is the compatibility issues with LEDs and CFLs. Lighting control systems were mainly designed for incandescent lamps. However, end-users are increasingly replacing traditional incandescent lamps with energy-efficient LEDs and CFLs, which could have a negative impact on the growth of the market during the forecast period.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-lighting-control-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/energy
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TechNavio Announces the Publication of its Research Report -Global Lighting Control Market 2012-2016
