Networked Lighting Controls Will Surpass $5.3 Billion in Annual Revenue by 2020, Forecasts Navigant Research

  Networked Lighting Controls Will Surpass $5.3 Billion in Annual Revenue by
  2020, Forecasts Navigant Research

Business Wire

BOULDER, Colo. -- August 29, 2013

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. According to a new report from Navigant Research, worldwide revenue
from networked lighting controls will grow from $1.7 billion annually in 2013
to more than $5.3 billion by 2020.

“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, 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.

The report, “Intelligent Lighting Controls for Commercial Buildings”, analyzes
the global market for lighting controls for commercial buildings, including
both new construction and retrofits. Sensors, ballasts, drivers, switches,
relays, controllers, and communications technologies are examined, with a
specific focus on networked lighting controls. The report details the market
drivers for these technologies, as well as barriers to adoption, and includes
profiles of select industry players. Market forecasts for unit shipments and
revenue for each type of equipment, segmented by region and building type,
extend through 2020. Forecasts are also broken out for control equipment in
buildings with networked lighting controls, as well as for wireless lighting
controls and LED drivers. An Executive Summary of the report is available for
free download on the Navigant Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides market
research and benchmarking services for rapidly changing and often highly
regulated industries. In the energy sector, Navigant Research focuses on
in-depth analysis and reporting about global clean technology markets. The
team’s research methodology combines supply-side industry analysis, end-user
primary research and demand assessment, and deep examination of technology
trends to provide a comprehensive view of the Smart Energy, Smart Utilities,
Smart Transportation, Smart Industry, and Smart Buildings sectors. Additional
information about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant (NYSE: NCI) is a specialized, global expert services firm dedicated
to assisting clients in creating and protecting value in the face of critical
business risks and opportunities. Through senior level engagement with
clients, Navigant professionals combine technical expertise in Disputes and
Investigations, Economics, Financial Advisory and Management Consulting, with
business pragmatism in the highly regulated Construction, Energy, Financial
Services and Healthcare industries to support clients in addressing their most
critical business needs. More information about Navigant can be found at
www.navigant.com.

* The information contained in this press release concerning the report,
“Intelligent Lighting Controls for Commercial Buildings,” is a summary and
reflects Navigant Research’s current expectations based on market data and
trend analysis. Market predictions and expectations are inherently uncertain
and actual results may differ materially from those contained in this press
release or the report. Please refer to the full report for a complete
understanding of the assumptions underlying the report’s conclusions and the
methodologies used to create the report. Neither Navigant Research nor
Navigant undertakes any obligation to update any of the information contained
in this press release or the report.

Contact:

Navigant Research
Richard Martin, +1-303-493-5483
richard.martin@navigant.com
or
Laverne Murach, +1-202-481-7336
laverne.murach@navigant.com
 
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