Lighting Controls Long Term Future Depends upon its Success in Opening up the Retrofit Market

LED Lighting may be the major driver for new growth in the world lighting controls business but unless the retrofit market can be opened up through an innovative awareness campaign and wireless technology the business will stagnate yet again in 5 years time. For the last 20 years the market for bus based lighting controls in non-domestic buildings has been dominated by new build & major refurbishment projects, taking some 90% by value and 80% by number of projects. Retrofit projects take the balance of 10%. As the attached chart shows in 2013 this has not changed despite the fact that new construction in developed countries accounts for no more than around 2 / 3% of the total population of buildings in the more buoyant years. The retrofit market therefore offers an enormous latent potential just waiting to be exploited. This is one of the major findings from our new report on lighting controls - […]

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