Revenue from Installing Residential Lighting Controls to Grow 4.6% Annually 2016-2025
August 19, 2016
The controllability and customizability that LED technologies offer is expected to spur adoption rates of LEDs and of lighting-only home networks that allow users to control home lighting systems with their smartphones, tablets, or personal computers, says Navigant Research.
A new report from Navigant examines the global market for residential energy efficient lighting and lighting controls, with a focus on light-emitting diode (LED) lamps and luminaires, providing forecasts for unit shipments and revenue, segmented by region, lamp type, product type, and building type, through 2025. Revenue associated with the installation of residential lighting controls is expected to experience a compound annual growth rate of 4.6% between 2016 and 2025.
“The residential market has not seen the demand for connected lighting controls that the commercial and industrial markets have,” says Benjamin Freas, Principal Research Analyst with Navigant Research. “But, as these controls continue to be better integrated into the broader home automation ecosystem, consumers will notice.”
The report, Market Data: Residential Energy Efficient Lighting and Lighting Controls, analyzes the global market for residential energy efficient lighting and lighting controls. The study focuses on LED lamps and luminaires while also forecasting sales for three other lamp technologies—incandescent, halogen, and fluorescent. Several controls devices are assessed as well, including occupancy sensors, photosensors, timers, dimmers, and lighting-only networks. Global market forecasts for unit shipments and revenue, segmented by region, lamp type, product type, and building type, extend through 2025. The report also examines the key trends and market drivers and barriers related to residential energy efficient lighting and lighting controls.
Find out more about the report: http://www.navigantresearch.com/research/market-data-residential-energy-efficient-lighting-and-lighting-controls.
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