Topic Discussed : Global Lighting Controls Market

Speakers : Dennis Marcell Victor

Key Takeaways:

1. The lighting control system and light management software (LCS-LMS) market is a high-growth market, primarily driven by energy efficiency measures, increasing adoption of LED lighting, and comfort offered to the occupants in a building
2. The market generated revenues of $6,193 million at a growth rate of 8.7% in 2017. Developed markets held close to 75% of the market share in 2017
3. Office, residential, and healthcare are the major applications of lighting control products. Improved awareness among end users will increase adoption of lighting controls in other applications
4. Wired system architecture held more than 80% of the market share in 2017. It will decline over the forecast period but will remain the leading technology type. Wireless technology will dominate the retrofit market and challenge the market for wired systems in the near future
5. Wholesale is the preferred distribution channel for residential and small commercial applications. Direct sales, aided by contractors and lighting consultants, is the main channel in the hospitality and outdoor applications
6. Asia-Pacific is expected to have the highest growth rate during the forecast period. The region will grow at a CAGR of 15.7% from 2017 to 2025. It is expected to hold 18.5% of the market share in 2025, up from 12.7% in 2017

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Related Keywords: Frost&Sullivan, Controls, DALI, DMX, sensors, dimmers, controllers, LED, NZEB, KNX, lighting controls, light management software

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