Navigant Research Report Finds that Revenue from Networked Lighting Control Systems is Expected to Grow at a 14.3% Compound Annual Growth Rate between 2017 and 2026

Building codes and standards are a leading driver in the lighting
controls market, report finds

BOULDER, Colo.–(BUSINESS WIRE)–#BuildingCodes–A new report from Navigant
Research examines the global market for networked and non-networked
intelligent lighting controls within commercial buildings, providing
forecasts for unit shipments and revenue, through 2026.

Lighting controls in commercial buildings continue to advance in
sophistication and overall deployments. The growth of light-emitting
diodes (LEDs), in particular, play a key role in this market, offering
improved controllability over legacy lighting technologies, as well as
increased energy savings. Click
to tweet: According to a new report from @NavigantRSRCH,
revenue from networked lighting control systems across all building
types globally is expected to grow at a 14.3 percent compound annual
growth rate between 2017 and 2026.

“The commercial lighting sector is experiencing unprecedented change
with the continued growth of LEDs,” says Krystal Maxwell, research
analyst with Navigant Research. “On top of that, networked controls not
only increase energy savings, but also provide greater insight and
analytics into lighting and other building automation systems for
commercial buildings.”

Helping to drive market growth further, building codes and standards are
also propelling the lighting controls industry, according to the report.
Regional codes, such as California’s Title 24, are encouraging adoption
as the state works to reduce energy use and incorporate
lighting-specific requirements into its Energy Efficiency Standards.

The report, Market
Data: Intelligent Lighting Controls, analyzes the global market
for intelligent lighting controls, both networked and non-networked,
within commercial buildings. The report briefly covers the market
issues, including key drivers and barriers, related to the lighting
controls market for commercial buildings. Global market forecasts for
unit shipments and revenue, segmented by equipment type, building type,
construction type, and region, extend through 2026. The study examines
sensors, multi-feature controls, relays, switches, ballasts, drivers,
network control gear, and network services, with a specific focus on
networked lighting controls. An Executive Summary of the report is
available for free download on the Navigant
Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides
market research and benchmarking services for rapidly changing and often
highly regulated industries. In the energy sector, Navigant Research
focuses on in-depth analysis and reporting about global clean technology
markets. The team’s research methodology combines supply-side industry
analysis, end-user primary research and demand assessment, and deep
examination of technology trends to provide a comprehensive view of the
Energy Technologies, Utility Transformations, Transportation
Efficiencies, and Buildings Innovations sectors. Additional information
about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant Consulting, Inc. is a specialized, global professional services
firm that helps clients take control of their future. Navigant’s
professionals apply deep industry knowledge, substantive technical
expertise, and an enterprising approach to help clients build, manage
and/or protect their business interests. With a focus on markets and
clients facing transformational change and significant regulatory or
legal pressures, the Firm primarily serves clients in the healthcare,
energy and financial services industries. Across a range of advisory,
consulting, outsourcing, and technology/analytics services, Navigant’s
practitioners bring sharp insight that pinpoints opportunities and
delivers powerful results. More information about Navigant can be found
at navigant.com.

* The information contained in this press release concerning the
report, Market Data: Intelligent Lighting Controls, is a summary
and reflects Navigant Research’s current expectations based on market
data and trend analysis. Market predictions and expectations are
inherently uncertain and actual results may differ materially from those
contained in this press release or the report. Please refer to the full
report for a complete understanding of the assumptions underlying the
report’s conclusions and the methodologies used to create the report.
Neither Navigant Research nor Navigant undertakes any obligation to
update any of the information contained in this press release or the
report.

Contacts

Navigant Research
Lindsay Funicello-Paul, +1-781-270-8456
[email protected]