Regulatory Changes and Customer Demand for Cost Reductions and Enhanced Control Provide Strong Growth in North American Lighting Control Industry for Years to Come

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Sep 17, 2014, 02:32 ET

SAN ANTONIO, Sept. 17, 2014 /PRNewswire/ -- New and changing energy codes and greater market penetration of LED installations are driving demand for stand-alone lighting controls and distributed lighting control systems. Wireless technologies are also driving demand, which are often changing end-user requirements for system commissioning, measurement and verification. Along side LEDs, these wireless systems can extend product lifecycle and significantly reduce maintenance costs.

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The North American lighting controls market reached estimated revenues exceeding $1.2 billion in 2013. The market is expected to exceed $2 billion by 2020, growing at an annual growth rate (CAGR) of 7.6 percent through the forecast period.

The outdoor lighting control market is poised to grow considerably in the coming years; there is a great deal of opportunity for growth as municipalities and utilities add control functionality to street lights. This circumstance is further driven by wireless technologies and standardization in receptacle design.

The key companies in this market include: Leviton, Legrand NA/WattStopper, Lutron, Philips, Schneider Electric, Hubbell, Eaton/Cooper Industries, Acuity Brands, Digital Lumens, Daintree Networks, Redwood Systems, Crestron, Enlighted, Osram Sylvania/Encelium and others.

This report provides an overview of the lighting controls market in the United States and Canada and is segmented by modules, user interfaces and sensors. Furthermore, the analysis provides data on the emerging distributed lighting control systems market for the United States, which will grow and replace many of the standalone controls market in the years to come. The market analysis captures the growth drivers, restraints, challenges, market share by equipment type and end-user, sales revenues and distribution channel information. The study additionally includes revenue forecasts, an analysis of the regulatory environment, industry trends and strategic recommendations.

The base year of the study is 2013 and revenue forecasts are provided up to 2020. A copy of the North American Lighting Controls market research report can be obtained at www.verifymarkets.com.

Contact: Haley Rico

Phone: 210-595-9687

Email: [email protected]

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SOURCE Verify Markets