Navigant Research Projects Global Connected Lighting Control Revenue in Commercial Buildings to Reach US $38.2B by 2024

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 building wide 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.

The report, Intelligent Lighting Controls for Commercial Buildings, analyzes the worldwide market for lighting controls. The study examines sensors, relays, switches, ballasts, drivers, network control gear, network services, and communications technologies, with a specific focus on networked lighting controls. Global market forecasts for unit shipments and revenue, segmented by equipment type, building type, construction type, technology, and region, extend through 2024. The report details the market drivers for lighting controls technologies, including building codes, hardware costs, and consumer expectations, as well as barriers to adoption, and provides profiles of select industry players. An Executive Summary of the report is available for free download on the Navigant Research website.

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<
Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.

The recent outbreak of COVID-19 has prompted the large-scale search for practical solutions that can prevent the spread of the deadly virus — from researchers and scientists committed to finding a solution, to the manufacturers and consu... READ MORE

Nichia’s Tunable 757 receives rave reviews from industry leaders, including the coveted LpS Best Sustainability Technology Award. Nichia, the leader in and inventor of the high-brightness LED, announced its game-changing single LES, tuna... READ MORE