Thursday 16 April 2015, Amsterdam
The report recognizes the following companies as the key players in the Global Lighting Control System Market: Acuity Brands Lighting Inc., General Electric Co., Leviton Manufacturing Co. Inc., Lutron Electronics Co. Inc. and Schneider Electric Co.
Other Prominent Vendors in the market are: Crestron Electronics, Eaton, Honeywell International, Koninklijke Philips and Osram Sylvania.
The report said: “One major trend emerging in this market is increased need for energy conservation. Lighting control systems are mainly used to reduce energy consumption and wastage and are primarily used in residential, commercial, industrial, and outdoor applications. These systems ensure energy savings and help minimize wastage.”
According to the report, one of the main drivers in this market is increased demand from the Industrial and Commercial segments. Moreover, a rise in the number of end-users is expected to encourage the demand for lighting control systems. Thus, the commercial and industrial end-user segments are the major revenue contributors to the market.
Further, the report states that one of the key challenges in this market is compatibility issues with LEDs and CFLs. Lighting control systems were mainly designed for incandescent lamps. However, end-users are increasingly replacing conventional lamps with energy-efficient LEDs and CFLs, which could have a negative impact on the growth of the market during the forecast period.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.