Industry Analysis & Industry Trends
Building Lighting Control System Manufacturing industry performance has been volatile over the five years to 2014. Construction activity slowed during the recession and businesses halted investment in energy-efficient control systems, causing industry revenue to plummet 12.9% and 6.9% in 2009 and 2010, respectively. Fortunately for industry manufacturers, rising interest in the application of energy efficiency to new building light control systems, in addition to the gradual recovery of the housing market, has renewed interest in industry products. To this end, industry revenue is expected to rise at an annualized rate of 2.3% to $638.6 million over the five years to 2014, boosted by an estimated 5.8% increase in 2014.... purchase to read more
Industry Report - Industry Locations Chapter
The geographical distribution of manufacturing industries is generally influenced by its proximity to metropolitan regions, which typically have relatively large populations. IBISWorld estimates that the industry is concentrated in the West, Mid-Atlantic and Southeast regions of the country, accounting for 65.8% of total industry establishments.
The West region is expected to account for the highest number of establishments in 2014, with an estimated share of 22.5%. As it is the nation's leading industrial state, California itself will account for 17.9% of total establishments. The state ranks among the highest regions for construction activities, making it an attractive location for lighting control system manufacturers... purchase to read more