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 Products Chapter
Manual controls are the largest segment for the Building Lighting Control System Manufacturing industry, accounting for an estimated 55.0% of industry revenue in 2014. This segment includes simple wall switches and complex dimmers, toggles, rotary knobs and push buttons. Although this segment is expected to thrive as lighting control systems become increasingly popular among commercial and residential buildings, other segments are expected to grow at a faster rate, which will lower manual control's share of industry revenue.
Occupancy controls, time scheduling
Occupancy controls are the second largest segment, accounting for an estimated 15.0% of industry revenue in 2014... purchase to read more