Residential Energy Efficient Lighting and Controls: Global Market Analysis and Forecasts

Lighting Controls

The global residential lighting market is on the verge of a major transformation. According to Navigant Research, global revenue associated with the installation of residential lighting controls is expected to grow from US$2.4 billion in 2014 to US$4.6 billion in 2023.

Extremely energy efficient light-emitting diode (LED) lamps are being adopted at an astonishing rate, while remote control of connected lights is on the cusp of becoming much more commonplace. Additionally, the movement to more all-encompassing home energy management (HEM) and home automation, of which smart lighting is a part, is steadily gathering pace.

While reducing electricity costs is an important driver for adopting energy efficient LEDs and controls, it is not the most important one. Increasingly, homeowners are being drawn to the range of new use cases that controllable and networked LEDs bring. The ability of these devices to communicate with other connected devices is likely to prove particularly popular as a way to increase comfort and convenience in the home while bringing about energy savings automatically. 

A report produced by Navigant, Residential Energy Efficient Lighting and Lighting Controls: Incandescent, Halogen, Fluorescent, and LED Luminaires and Lamps and Intelligent Controls — Global Market Analysis and Forecasts, analyzes the market for residential energy efficient lighting and lighting controls. The study focuses on LED lamps and luminaires, while also forecasting sales for three other lamp technologies (incandescent, halogen, and fluorescent) as well as a number of control devices, including occupancy sensors, photosensors, timers, dimmers, lighting-only networks, and HEM systems. 

Global market forecasts for unit shipments and revenue, segmented by region, lamp type, product type, and building type, extend through 2023. The report also examines the key technologies related to residential energy efficient lighting and lighting controls, as well as the competitive landscape. Find out more: http://www.navigantresearch.com/research/residential-energy-efficient-lighting-and-lighting-controls.

 

Related Articles

Changing Scene

Design

  • Artika: How Much Energy Do LEDs Really Save? A Before/After Bill Breakdown 

    Artika: How Much Energy Do LEDs Really Save? A Before/After Bill Breakdown 

    There’s no better moment to talk about one of the simplest, highest impact swaps a homeowner can make: switching every bulb and fixture in your home to LED. This guide breaks down LED savings using real numbers for Canadian households, gives you a clear before-and-after comparison, and links directly to the energy-efficient LED fixtures from Artika that… Read More…

  • Cooper Lighting: What Legendary Athletes Taught Us About Sports Lighting

    Cooper Lighting: What Legendary Athletes Taught Us About Sports Lighting

    Reggie Jackson. Jim McMahon. Arthur Moats. Andrea Seppi. A Hall of Fame outfielder, a Super Bowl champion, a professional linebacker, and a professional tennis player —different sports, different careers, one consistent message: lighting matters more than most people realize. Cooper Lighting Solutions recently sat down with them to talk about what they have experienced firsthand. What emerged was a clear picture of what’s at… Read More…

New Products

  • LightForm: Go with the Flow

    LightForm: Go with the Flow

    LightForm is excited to highlight UK-based ASTRO Lighting’s newest collection, FLOW, which fills and punctuates a space with ease. Defined by a seamless steel form and a softly diffused resin shade, the FLOW is sculptural and smooth, with no hard edges. It’s the kind of fixture that hovers and settles into a room, exuding quiet… Read More…

  • Eureka: Mill Acoustic Suspended Ceiling Luminaires

    Eureka: Mill Acoustic Suspended Ceiling Luminaires

    Absorb noise in common and public areas with Mill Acoustic Luminaires, for an original soft aesthetic and atmosphere enhancing functionality. With multiple sizes, colors and mounting options, optional uplight as well as an unlit version, Mill will help with volume control while adding a stunning design element to the decor. Read More…