Global lighting control system market to grow 12.5% by 2019

<< Go Back Posted By:admin on Jan 12,2015in Industry News

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According to a market research report, the global lighting control system market is expected to increase at a CAGR of 12.5% from 2014 to 2019.

The report emphasizes the increased focus on energy conservation, which is expected to have a direct influence on the market during the forecast period. The report indicates that concerns about energy conservation have led to increased adoption of energy-efficient systems like advanced lighting controls.

Lighting control systems ensure energy savings and help minimize waste, which is a major factor expected to have a positive impact on overall market growth through the projected period. These systems are primarily used in residential, commercial, industrial and outdoor applications.

In addition, market vendors are investing heavily into the R&D of lighting control systems that are energy-efficient and compatible with building controls. Some countries and various agencies are involved in R&D, commercialize, and standardize these systems worldwide.