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SOURCE: Global Industry Analysts, Inc.
GIA announces the release of a comprehensive global report on the Lighting Controls markets. The global market for Lighting Controls is projected to reach US$8.0 billion by the year 2018, driven primarily by the growing demand for Lighting Controls from various end-use industries, including residential and industrial sectors. In addition, increasing focus on energy savings and rising demand for Wireless Lighting Controls constitute the other market growth drivers.
San Jose, California (PRWEB) November 15, 2012
Follow us on LinkedIn – Energy conservation is presently the most appealing application of lighting control systems as they potentially reduce the consumption of energy by up to 75%. With increasing focus on energy conservation, the global lighting controls market is expected to witness substantial growth in the coming years, driven by their ability to significantly reduce the energy consumption, and the costs associated with energy. The demand for lighting control systems is growing at a rapid pace across various sectors, including airports, hospitals, auditoriums, educational institutions, railway stations, as well as factories, warehouses, and workshops. Increased spending in R&D, sophisticated manufacturing, and technological advancements have enabled the introduction of several innovative lighting control products, ideal for both the outdoor and indoor installations across various end-use segments.
Lighting controls form a vital part of the building automation system. With around 40% of the total energy costs in building attributed to lighting, lighting controls are increasingly being considered an important and an absolute necessary aspect of the building automation system. LEED (Leadership in Energy and Environmental Design) certification is another driving force, encouraging the building owners to opt for lighting controls in the US. Backed by the increasing demand for these systems, lighting control manufacturers are pursuing technological innovations, which aid them in the manufacture of new control devices that provide cost-effectiveness, offer required aesthetics, allow product upgrades, and enable energy-efficiency. Manufacturers are also focusing on the development of new and improved lighting control systems that integrate efficiently with the existing arrangements in buildings, instead of necessitating any overhaul of the extant systems. Lighting controls, integrated with Building Automation System (BAS), provides several benefits, including interoperability and extendibility. BAS, with energy and cost savings, flexibility, and convenience, are therefore rapidly growing in importance.
Besides energy efficiency, another factor driving the lighting controls market is the growing popularity of wireless lighting control systems. The concept of wireless lighting control is penetrating throughout the lighting products industry. In construction, the installation costs of wired lighting control systems are far more than wireless lighting control systems. Meanwhile, the installation of wireless lighting control systems is considered easy, as it does not involve modification to constructed structures. Wireless systems are therefore witnessing widespread usage, and are set to capture the lighting controls industry in the near future.
In terms of different types, Ballasts account for a lion’s share of the lighting controls market. The advent of electronic ballasts has considerably eroded the market share of magnetic ballasts over the past years. One reason for the electronic systems to gain a stronghold in the market is the energy efficiency offered by these systems among various other advantages. As ‘energy conservation’ has gained increased importance in the current economic and environment context, electronic ballasts have gained significant global presence. Furthermore, plummeting electronic ballast prices and increasing High-Intensity Discharge (HID) ballast usage in the retail and commercial applications propel the electronic ballasts market. Electronic ballasts are therefore quickly penetrating into the market and replacing magnetic ballasts. The decreasing size of electronic elements and advances in surface mount technology immensely helped ballast manufacturers to include these technologies in the newly designed ballasts. The new ballasts offer fixture manufacturers more flexibility to design fixtures with enhanced optical efficiency, and also considerably minimize the fixture depth for easy installation in ceilings. The increasing adaptability of electronic ballasts is substantially expanding their applications.
Regionally, Europe remains the largest regional market worldwide, as stated by the new market research report on Lighting Controls. Increasing consumer awareness regarding the advantages associated with energy saving and superior quality lighting are fuelling demand for lighting controls in the European market. The US follows Europe as the second largest market, with future growth likely to emanate from the growing focus on attaining energy efficiency in various areas, and the need to comply with various national and state energy codes. However, Asia-Pacific region offers the highest growth potential owing to exponential increase in construction activity in the region and the mandatory Government policies that require the incorporation of various green technologies and adherence to various energy efficiency standards.
Major players profiled in the report include Acuity Brands, Lithonia Lighting, Eaton Corp., Hatch Transformers Inc., Howard Industries Inc., Leviton Manufacturing Co. Inc., Lutron Electronics Company Inc., Osram GmbH, Osram Sylvania Inc., Panasonic Electric Works Corporation of America, Royal Philips Electronics, Philips Lighting Electronics, Robertson Worldwide, Schneider Electric SA, Universal Lighting Technologies Inc., and WattStopper Inc., among others.
The research report titled "Lighting Controls: A Global Strategic Business Report" announced by Global Industry Analysts Inc., provides a comprehensive review of the lighting controls market, key market trends, growth drivers, market issues, product introductions, strategic corporate activities, and profiles of niche, major and regional companies worldwide. The report provides market estimates and projections (in US$) for product segments - Ballasts (Magnetic Ballasts and Electronic Ballasts), and Controls (Relays and Breakers). Key geographic markets analyzed include the US, Canada, Europe (France, Germany, Italy, UK, Spain, and Rest of Europe), Asia-Pacific, and Rest of World.
For more details about this comprehensive market research report, please visit –
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
Web Site: http://www.StrategyR.com/
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