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Office Building and Education Markets Set to Drive Growth in Intelligent Lighting

Sep 20, 2011 4:53 PM

According to a new report from Pike Research, the intelligent lighting controls market is experiencing strong growth, and the cleantech market intelligence firm forecasts that global revenue for lighting controls will increase from $1.3 billion to $2.6 billion by 2016, under a baseline forecast scenario. Under an aggressive growth scenario, the Pike Research estimates the worldwide lighting controls market could grow as large as $3.5 billion within the same time period.

Pike Research expects office and education buildings will be the largest markets for intelligent lighting controls over the next several years. Other significant segments include healthcare, retail, hotels & restaurants, and institutional/assembly. The firm forecasts approximately 73% of lighting control systems will be installed as part of a building retrofit, while 27% will be included in new construction.

Pike Research’s report, “Intelligent Lighting Controls for Commercial Buildings,” describes eight different lighting control strategies and the types of applications to which they are applicable, provides an update on sensor and control technologies, and discusses different options for wireless control and integration with other building systems. In addition, the study includes forecasts for lighting control equipment revenue for nine different building types across five world regions. The report also features in-depth profiles and SWOT analyses of 24 key industry players. An Executive Summary of the report is available for free download on the firm’s website.

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© 2012 Penton Business Media, Inc.

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