San
Antonio, TX- The lighting controls
market is poised for continued growth. The need for energy savings and peak
demand reduction are key drivers for growth in the lighting controls market. Government stimulus programs, stringent
energy efficiency directives and mandates have further fueled the demand for efficient
lighting products. In 2011 the lighting controls market witnessed a growth
spike as a result of government spending on energy conservation initiatives. The
market size, including lighting controls modules, user interfaces, and sensors,
totaled over $1.9 billion in 2011, an 8.6 percent increase from the previous
year. The market will also sustain
growth from new construction projects, which were in a state of decline in
years past. Although energy code compliance is driving users to implement
lighting controls to demonstrate savings, the growing demand is for low-cost
and simpler options. The use of sensors and dimmers remain in high demand due
to their low cost, reasonable energy savings, added ambience and scene setting
functionalities. Networked controls are also growing rapidly, especially the
distributed controls systems with digital calibration capabilities.
Verify Markets has just released a study on the European
and North American Lighting Controls Market. The studies project that the
combined market size will approach $2.4 billion by 2016, due to continued need
for energy efficiency and sustainability and combating increasing energy
prices. Companies featured in the report include Zubtobel Lighting, Hubbell
Lighting, Cooper Lighting, Schneider Electric, Philips, Acuity, Osram Sylvania,
Lutron, Siemens and Legrand among many others.
A complete
analysis of the European and North American lighting controls markets can be
obtained at www.verifymarkets.com.
