Industry Analysis & Industry Trends
Over the past five years, the brisk pace of technological development and a growing focus on energy efficiency and green technology has driven overall revenue growth for the Building Lighting Control System Manufacturing industry, despite declines in 2012 and 2013. Going forward, the industry is expected to continue to grow; an uptick in building construction activity and greater demand for energy-efficient lighting solutions will drive growth over the five years to 2020. Moreover, stronger consumer confidence and rising employment levels are anticipated to lead to an increase in new homes, which will support demand for residential lighting control systems.... purchase to read more
Industry Report - Industry Investment Chapter
The Building Lighting Control System Manufacturing industry requires a low level of capital investment because the industry is more dependent on human labor in facility operations. For every dollar spent on wages, about $0.08 is allocated to capital assets.
Although the industry's capital investment requirement is moderate, operations use machinery in their production lines. New manufacturing machinery, equipment and facilities improve product quality, increase efficiency and lower production costs. During the recession, many industry operators reduced their labor force to cut down on operating costs, however, as the industry's revenue takes a positive turn, IBISWorld expects industry operators to rehire employees... purchase to read more