Increasing Government Support to Drive the Global Lighting Control Components Market, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Lighting Control Components markets. Global market for Lighting Control Components in general lighting applications is forecast to exceed US$6.7 billion by 2020, driven by favourable incentives and reimbursements policies, tighter standards and regulations, and growing focus on reducing energy consumption.

Lighting Control Components: A Global Strategic Business Report

Follow us on LinkedIn – Lighting control solutions, in combination with energy efficient light sources and lighting fixtures are significantly contributing towards minimizing the amount of electricity used for lighting in closed spaces as well as outdoors. Lighting control systems enable intelligent control of lighting output in buildings based on factors such as availability of natural light, time of the day, and occupant movement, among others. Lighting control components and systems enable 20%-50% energy savings. Increasing support from the government in the form of tighter standards and regulations; continuous rise in energy prices; and growth in solid-state lighting technologies, represent primary factors responsible for the strong evolution of the lighting control components market.

As LED lighting continues to become a mainstream light source, installation of lighting controls as systems integrated into fixtures and as standalone devices will drive significant gains in the global market. Retrofitting of existing buildings with the latest light sources and lighting controls represents another significant market opportunity in both developed and developing countries. The growing trend of integrating lighting controls with building automation systems (BAS) to offer facility managers improved ways of streamlining building operations and achieving energy efficiency, also offers untapped potential for growth.

Technology developments are enabling lighting control technologies to be highly energy efficient, user-friendly, and intelligent supported by advanced software platforms. Advances in the areas of data monitoring, analysis and interpretation are expected to optimise lighting control strategies for maximized energy savings. Rising adoption of wireless lighting controls driven by their enormous benefits over and above wired controls bodes well for the market. Wireless lighting controls can be easily and effortlessly connected to smartphones to facilitate easy and smart operation of lighting systems. Other technology advancements that are poised to benefit the market include smart lighting control solutions that are operable with various lighting control network protocols such as DALI, ZigBee and Wi-Fi.

As stated by the new market research report on Lighting Control Components, Europe represents the largest market worldwide. Asia-Pacific ranks as the fastest growing market with a CAGR of 15.3% over the analysis period. Rapid economic and infrastructure growth, increasing energy conservation initiatives, robust construction activity in the industrial, commercial as well as residential sectors, expected standardization of interfacing protocols, increasing awareness at the corporate and commercial levels, reduction in costs, and rising spending power of the population, represent major growth drivers in the region.

Key players covered in the report include Acuity Brands Inc., Daintree Networks Inc., Douglas Lighting Controls, Eaton Corp., GE Lighting North America, Hatch Lighting Inc., Howard Industries Inc., Leviton Manufacturing Co. Inc., Lutron Electronics Inc., Osram GmbH, Osram Sylvania Inc., Philips Lighting Electronics, Robertson Worldwide, Schneider Electric SA, Tridonic GmbH & Co KG, Universal Lighting Technologies Inc., and WattStopper Inc., among others.

The research report titled “Lighting Control Components: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, drivers, issues, challenges, product launches and strategic industry activities of major companies worldwide. The report provides market estimates and projections in dollars for major geographic regions including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America), and Rest of World. Key general lighting applications analyzed in the report include Corporate, Outdoor, Residential, Retail, and Others.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Lighting_Control_Components_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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