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 Investment Chapter
The Building Lighting Control System Manufacturing industry requires a medium level of capital investment because the industry is more dependent on human labor in facility operations. For every dollar spent on wages, about $0.21 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