Lighting Controls Market in North America & Europe to Reach US$3.8 Billion by 2015, According to New Report by Global Industry Analysts, Inc.

Share Article

GIA announces the release of a comprehensive report on lighting controls markets. Lighting controls market in North America & Europe is projected to reach US$3.8 billion by the year 2015. Growing demand for lighting control solutions including ballasts, relays, controls, automatic systems, photosensors, and occupancy sensors across various end-use segments including new building and retrofit applications is expected to propel the market.

Lighting Controls: A North American & European Market Report

Lighting controls are essential components of energy efficient lighting systems, which combine sources of electric light with daylight to produce a pleasing ambience for commercial, institutional, and/or residential users. Lighting controls offer an easy and accessible means for energy efficiency and cost savings, while addressing the existing demands for environmental sustainability and responsibility.

The most widespread usage of lighting controls can however be found in the commercial sector. Usage of lighting controls and systems continues to expand in the industrial segment that comprise workshops, warehouses, and factories. In addition, the application of lighting controls and systems is growing at a faster pace in application areas such as metro railway stations, airports, hospitals, auditoriums, and educational institutions including universities, colleges, libraries, and schools. In the recent past, increased spending in the worldwide R&D infrastructure, sophisticated manufacturing, and technological advancements have enabled the introduction of several innovative lighting controls ideal for both outdoor as well as indoor installation across various end-use segments.

Europe represents the largest market for lighting controls when compared to North American market as stated by the new market research report on Lighting Controls. Ballasts represent the largest product segment of the lighting controls market in both European and North American lighting controls markets. Electronic ballasts market is poised to register fastest growth over the coming years in the European lighting controls market, while Controls (including Relays and Breakers) represent the fastest growing segment in the North American market. Lighting controls market demand is propelled by the control systems’ cost and energy saving potential, integration advantages, and implementation of energy conservation codes. Additionally, the implementation of energy efficiency programs by state and federal governments compel installation of energy saving lighting systems in the existing older buildings and opens new prospects for the large retrofit market segment.

Key players profiled in the report include Eaton Corp., Hatch Transformers Inc., Howard Industries Inc., Leviton Manufacturing Co. Inc., Lithonia Lighting, Lutron Electronics Company Inc., Osram GmbH, Osram Sylvania Inc, Panasonic Electric Works Corporation of America, Royal Philips Electronics, Robertson Worldwide, Schneider Electric SA, Square D Company Inc., and Universal Lighting Technologies Inc., among others.

The report titled “Lighting Controls: A North American & European Market Report” announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, product overview, product launches, and recent industry activity. The study analyzes market data and analytics in terms of value sales for regions including North America (the US and Canada), and Europe. North American market data is analyzed by the following product segments - Ballasts (Fluorescent, and HID) and Controls (Relay, and Breaker). While, European market data is analyzed by product segments, which include Electronic Ballasts, Magnetic Ballasts, Electronic Transformers, Magnetic Transformers, and Ignitors.

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

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1100 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Web Site http://www.StrategyR.com/

###

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Public Relations
Visit website

Media