The rules are changing in the Lighting Controls business and using the past to judge the future would be very misleading. The competitive landscape is changing and companies will have to develop new strategies to grow and capture market share. This is just one of the findings from Memoori’s latest world report Smart Buildings: The Lighting Controls Business 2015 to 2020. The report estimates the global value of lighting product controls in non domestic buildings in 2015 at $2.208 billion at factory gate prices. It also forecasts that the global market for Lighting Controls from 2015 to 2020 will grow at a CAGR of 10.6% to 2020. Over the next 5 years growth in the developed markets of Europe and North America will grow at a little more than half this rate whilst China and Asia will exceed the average global growth. This is indeed a high rate of growth particularly for a rather mature […]