According to research firm TechNavio, the Global Lighting Control System Market is expected to post a CAGR of 12.5 percent from 2014-2019.

The latest report by TechNavio highlights the increased focus on energy conservation, which is expected to have a direct influence on the market during the forecast period. The report indicates that concerns about energy conservation have led to increased adoption of energy-efficient systems like advanced lighting controls.

These systems are primarily used in residential, commercial, industrial and outdoor applications, where lighting needs to be monitored and set according to necessity.

“Lighting control systems ensure energy savings and help minimize waste, which is a major factor expected to have a positive impact on overall market growth through the projected period,” says Faisal Ghaus, Vice President of TechNavio.

Additionally, market vendors are investing heavily into the R&D of lighting control systems that are energy-efficient and compatible with building controls. Some countries and various agencies like LEED, BEE and BREEAM are involved in research to develop, commercialize, and standardize these systems worldwide.

TechNavio currently has more than 3000 market research reports on a huge range of topics, including:

  • LED Lighting Market in Japan 2015-2019
  • Automotive LED Lighting market in Americas 2015-2019

About TechNavio

TechNavio is a leading global technology research and advisory company.

Founded in 2003, TechNavio has about 200 analysts globally and develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries.

TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at media@technavio.com.