NEW YORK, Jan. 22, 2015 /PRNewswire/ -- The global residential lighting market is on the verge of a major transformation. Extremely energy efficient light-emitting diode (LED) lamps are being adopted at an astonishing rate while remote control of connected lights is on the cusp of becoming much more commonplace. Additionally, the movement to more all-encompassing home energy management (HEM) and home automation, of which smart lighting is a part, is steadily gathering pace.
While the desire to reduce electricity costs is an important driver for the adoption of energy efficient LEDs and controls, it is not the most important one. Increasingly, homeowners are being drawn to the range of new use cases that controllable and networked LEDs bring. The ability of these devices to communicate with other popular connected devices is likely to prove particularly popular as a way to increase comfort and convenience in the home while bringing about energy savings automatically. According to Navigant Research, global revenue associated with the installation of residential lighting controls is expected to grow from $2.4 billion in 2014 to $4.6 billion in 2023.
This Navigant Research report analyzes the global market for residential energy efficient lighting and lighting controls. The study focuses on LED lamps and luminaires while also forecasting sales for three other lamp technologies – incandescent, halogen, and fluorescent – as well as a number of control devices, including occupancy sensors, photosensors, timers, dimmers, lighting-only networks, and HEM systems. Global market forecasts for unit shipments and revenue, segmented by region, lamp type, product type, and building type, extend through 2023. The report also examines the key technologies related to residential energy efficient lighting and lighting controls, as well as the competitive landscape.
Key Questions Addressed:
How big is the market for residential energy efficient luminaires, lamps, and lighting controls in terms of revenue and unit shipments?
How quickly will this market grow during the next 10 years and what factors will drive this growth?
What factors could hold back market growth during the forecast period?
What are the main technological trends taking place in the market for residential energy efficient lighting solutions?
What are the main use cases for connected lighting solutions?
Who are the leading providers of residential energy efficient lighting products and how do their products differ?
Who needs this report?
Luminaire and lamp manufacturers
Lighting controls manufacturers
Governments and municipalities
Read the full report: http://www.reportlinker.com/p02404263-summary/view-report.html
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