The Lighting Controls Industry Needs to Redefine Business Models

Today the most important driver for Lighting Controls is the increasing penetration of LED Lighting. Various authorities have estimated that between 2014 and 2023, the global share of LED lamps is expected to rise from 15% to 75%. Over the same period the market value is expected to fall by 30% due to falling prices and longer product lifespan. This, as our new report shows, will have a knock on impact on lighting controls. However lighting controls have the opportunity to more than negate these consequences through additional software, connectivity, and value added services. In our 2013 report on the lighting controls business we showed that the whole lighting industry was in the throes of disruptive technological changes; not only in the development of light sources but also the influence of new control opportunities and the concept of the ‘Internet of Things’. The last two years have only served to confirm this direction and the […]

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