Guidehouse Insights Names Lutron and Signify Leading Lighting Controls Manufacturers
Leaders demonstrate strong global presence, comprehensive suite of lighting control products, and well-developed sales channels
BOULDER, Colo., Jan. 23, 2024 /PRNewswire/ -- A new report from Guidehouse Insights assesses the competitive landscape for leading manufacturers of nonresidential lighting controls.
Energy and building codes are increasingly mandating the use of lighting controls in nonresidential buildings, which is fueling growth in lighting control deployments. According to Guidehouse Insights, Lutron and Signify are the leading manufacturers of nonresidential lighting controls. Leaders, per the report, are distinguished by their strong global presence, comprehensive suite of lighting control products, and well-developed sales channels.
"Advanced lighting control strategies, such as time scheduling, occupancy sensing, and daylight harvesting, have the potential to reduce lighting energy consumption in commercial and industrial buildings substantially," says Wendy Davis, principal research analyst with Guidehouse Insights. "As energy efficient LED lighting systems become increasingly widespread and opportunities to improve light source efficiency become more limited, increased proliferation of lighting controls can become an important mechanism for reducing the energy lighting consumes."
However, the industry faces resistance regarding the total cost of installing a lighting control system and concerns about how the complexity of these systems will have an impact on building operations, according to the report.
The report, Guidehouse Insights Leaderboard: Lighting Controls, examines the strategy and execution of 10 manufacturers of nonresidential lighting controls for the specification/professional market. Manufacturers of lighting controls that are sold predominantly directly to consumers through retail channels are excluded unless they also produce specification/professional controls, as are vendors focused primarily on smart streetlighting or building automation systems for which lighting control is not the primary function. The assessed companies are rated on nine criteria: 1) Product Development Strategy; 2) Partners; 3) Technology; 4) Geographic Reach; 5) Vision; 6) Sales, Marketing, & Distribution; 7) Service & Support; 8) Solution Portfolio; and 9) Staying Power. Using Guidehouse Insights' proprietary Leaderboard methodology, companies are profiled, rated, and ranked with the goal of providing an objective assessment of their relative strengths and weaknesses in the global nonresidential lighting controls market. An executive summary of the report is available for free download on the Guidehouse Insights website.
About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today's rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team's research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
About Guidehouse
Guidehouse is a leading global provider of consulting services to the public sector and commercial markets, with broad capabilities in management, technology, and risk consulting. By combining our public and private sector expertise, we help clients address their most complex challenges and navigate significant regulatory pressures focusing on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that help our clients outwit complexity and position them for future growth and success. The company has more than 17,000 professionals in over 55 locations globally. Guidehouse is led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit www.guidehouse.com.
* The information contained in this press release concerning the report, Guidehouse Insights Leaderboard: Lighting Controls, is a summary and reflects the current expectations of Guidehouse Insights 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 Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.
Contact:
Cecile Fradkin for Guidehouse Insights
+1.646.941.9139
[email protected]
SOURCE Guidehouse Insights
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