DUBLIN, Feb. 18, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/c26zsg/world_intelligent) has announced the addition of the "World Intelligent Lighting Controls Market Opportunities and Forecast, 2014 - 2020" report to their offering.
The world intelligent lighting controls market is expected to generate revenue of $8.3 billion by 2020, registering a CAGR of 16.2% during the forecast period (2015-2020).
Europe was the highest revenue-generating region in 2014 owing to the stringent government mandates and rising electricity costs in the region. However, Asia-Pacific region would witness an increased adoption of intelligent lighting control devices in future owing to the boom in commercial establishments such as retail, industries and hospitals. The region will surpass Europe in 2017, to emerge as the leading market.
The intelligent lighting controls comprise different components that include sensors, ballasts & LED drivers, dimmers & switch actuators, microcontrollers, transmitters & receivers and intelligent luminaries. Ballasts & LED drives segment is forecast to garner the highest revenue though out the analysis period. Intelligent luminaries segment would grow rapidly, registering a prominent CAGR during the forecast period owing to ongoing research and low priced product launches for integrated luminaries.
The end users of intelligent lighting controls include commercial buildings, residential buildings and public utilities. Commercial buildings constitute around 58% share of the overall market revenue. Commercial buildings segment comprises of retail, hospitality, industrial and others. The adoption of intelligent lighting controls systems is high in these sectors owing to high electricity consumption and greater focus on energy management.
Key Players:
- Schneider Electric SE
- Honeywell International, Inc.
- General Electric Company
- Koninklijke Philips N.V.
- OSRAM Licht AG
- Acuity Brands Lighting, Inc.
- Legrand Group
- Zumtobel Group AG
- Digital Lumens, Inc.
- Lutron Electronics Co, Inc.
Key Topics Covered:
Chapter 1 - Introduction
Chapter 2 - Market Overview
Chapter 3 - Controls Market by Component Type
Chapter 4 - Controls Market by Type
Chapter 5 - Controls Market by End User
Chapter 6 - Controls Market by Geography
Chapter 7 - Company Profiles
For more information visit http://www.researchandmarkets.com/research/c26zsg/world_intelligent
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