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 SWOT Analysis Chapter
The Building Lighting Control System Manufacturing industry is expected to enter a growth stage of its life cycle. Over the 10 years to 2019, industry value added (IVA), which measures the industry's contribution to the economy, is expected to increase at an average annual rate of 2.9%. This growth rates implies that the industry is expected to grow faster than the US economy, which is projected to rise at an annualized rate of 2.7% over the same period.
In the 10 years to 2019, the number of enterprises is expected to grow at an annualized rate of 3.2% to 56. This will occur in spite of more mergers and acquisitions and manufacturing plants increasingly being offshored... purchase to read more