Lighting Control Market Set to Double by 2024

08/03/2015 |

LED, smart control adoption will help FMs meet energy goals

Well-lit office

As FMs upgrade their outdated fluorescent lighting to more efficient LED options, both the amount and the variety of different controls and sensor products have increased and are projected to help the market grow from $2.2 billion in 2015 to $4.8 billion in 2024, according to new research.

The report from Navigant Research shows that the efficiency improvements required by building codes are a major driver. New options help FMs to upgrade basic lighting controls like installing occupancy sensors and photosensors, as well as create an opportunity for more comprehensive upgrades to control systems.

Also noted is the increased diversity among lighting control vendors, including “pure-play startup companies” offering creative strategies to manage the energy consumption of lighting. Traditional lighting vendors are also beginning to offer controls and building control companies are expanding their products’ capabilities to allow them to work with the new generation of facility lighting controls.

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