Lighting

Lighting Controls are Illuminating the Way to the Internet of Things in Buildings

There could not be a better time for Lighting Controls companies to grab the initiative and increase their revenues in a rapidly growing world market; At the same time positioning themselves to move into the wider Building Internet of Things (BIoT) business. Our Recent Research on this business shows the global value of lighting product controls in 2015 at $2.208 billion at factory gate prices and the chart below shows that we predict demand will grow at a CAGR of 10.6% to 2020, with full Bus based controls delivering a GAGR OF 16.5% over this period. There are a number of reasons why this once mature low growth business is morphing into a vibrant high growth market having a bright future well into the next decade. They centre on the technical developments in both LED Lighting and its Control that have dramatically changed the value of lighting control products and their ability to meet customer […]

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