by Brianna Crandall — January 19, 2015—ReportsnReports.com has added research report on the global lighting control system market to the semiconductor and electronics industry intelligence collection of its online business research and data library. Analysts forecast the market to grow at a compound annual growth rate (CAGR) of 12.5 percent over the period 2014-2019.
According to the report, one major trend emerging in the global lighting control system market is increased need for energy conservation. Lighting control systems are mainly used to reduce energy consumption and wastage and are primarily used in residential, commercial, industrial, and outdoor applications. These systems ensure energy savings and help minimize wastage.
A lighting control system is an intelligent network-based lighting control technology. It can be used separately or in conjunction with other systems such as daylight and occupancy sensors, lighting timers, and building controls. Over the years, lighting controls have garnered attention as an efficient method to operate and manage lighting systems and save energy. These systems are used to maximize energy savings from lighting systems. Lighting control devices are comprised of many sensors, user interfaces, and control modules that collectively form a lighting control system.
According to the report, one of the main drivers in the global lighting control system market is increased demand from the industrial and commercial segments. Moreover, a rise in the number of end users is expected to encourage the demand for lighting control systems.
Further, the report states that one of the key challenges in this market is compatibility issues with light-emitting diodes (LEDs) and compact fluorescent lamps (CFLs). Lighting control systems were mainly designed for incandescent lamps. However, end users are increasingly replacing conventional lamps with energy-efficient LEDs and CFLs, which could have a negative impact on the growth of the market during the forecast period.
The Global Lighting Control System Market 2015-2019 is available for purchase from the ReportsnReports.com Web site.
