by Shane Henson — October 7, 2013—Worldwide revenue from networked lighting controls will grow from $1.7 billion annually in 2013 to more than $5.3 billion by 2020, according to a new study from Navigant Research, a market research and consulting firm that provides in-depth analysis of global clean technology markets.
Per the study, Intelligent Lighting Controls for Commercial Buildings, the market for lighting controls in commercial buildings has entered a period of dramatic transformation, as the demand for both local controls, such as occupancy sensors and photosensors, and networked controls, rises, and the adoption rate of light-emitting diode (LED) lighting systems begins to climb as well.
“Building owners and managers, who are accustomed to the idea of centrally monitoring and managing their heating, ventilation, and air conditioning systems, are beginning to expect the same level of control from lighting systems,” says Jesse Foote, a research analyst with Navigant Research. “To meet this growing demand, a number of different types of vendors—including pure-play startup companies and traditional lighting vendors—are moving aggressively into the lighting controls market.”
As falling prices for LEDs drive up adoption rates of LED lamps, the adoption of lighting controls will also accelerate, the study concludes. The semiconductor nature of LEDs makes them inherently controllable, with a high degree of dimmability, easy integration of controls with drivers, and instantaneous startup. In fact, many LED lamps are being sold with built-in controllability, whether or not there are plans to make use of those features.
