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 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 2015, 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