Not surprisingly the introduction of LED Lighting has given a major boost to smart lighting controls right across the globe; but we are now entering a new phase of its development, when LED will be dependent upon smart wireless controls, if it is to open up the vast retrofit market in the commercial and industrial building space. The LED lighting companies will soon need this business. LED is not creating a new market but is replacing an existing one and progressively each year it loses the conventional bulb replacement business which was (and still is for the time being) a cash cow. LEDs last for the lifetime of the fittings which means little possibility of regular revenues. Therefore they will need to open up the retrofit market; and they need wireless controls to enable this. Memoori’s market research report “The Smart Wireless Controls Market for Lighting 2014 – 2018” estimates the world value of smart […]