Global Networked Lighting Controls Revenue for Commercial Buildings is Expected to Total $38.2 Billion from 2015 to 2024, According to Navigant Research
A recent report from Navigant Research examines the global market for commercial building lighting controls, including forecasts for unit shipments and revenue, segmented by equipment type, building type, construction type, technology, and region, through 2024. The market for lighting controls has expanded greatly alongside the shift from the dominance of fluorescent lighting to light-emitting diodes (LEDs), both in the variety of systems available and the sheer number of systems installed. To meet this expanding demand for controls, different types of vendors have been drawn to the market, from small startups offering innovative lighting solutions to building controls companies that are now including lighting controls along with other buildingwide systems. Click to tweet: According to a recent report from Navigant Research, global revenue from networked lighting controls is expected to total $38.2 billion from 2015 to 2024.
“The falling cost of including controls in lighting projects has made the decision to implement these systems much easier,” says Jesse Foote, senior research analyst with Navigant Research. “From dimming ballasts to controls software, as well as the prices of LEDs themselves, all of the key components in networked lighting controls systems are becoming less expensive.”Building and energy codes in many countries around the world have an impact on the lighting technologies that are installed in commercial buildings, according to the report. These codes can specify what types of spaces must use occupancy sensors, and can also affect overall lighting design by restricting the total energy consumption of a building.
