SMART LED LIGHTING MRKT TO DOUBLE

Residential Energy Efficient Lighting and Lighting Controls; Incandescent, Halogen, Fluorescent, and LED Luminaires and Lamps and Intelligent Controls: Global Market Analysis and Forecasts

3Q 2014 (Navigant Research)

“The global residential lighting market is on the verge of a major transformation…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…[and] all-encompassing home energy management (HEM) and home automation…is steadily gathering pace…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 popular connected devices is likely to prove particularly popular…[and bring] about energy savings automatically. According to Navigant Research, global revenue associated with the installation of residential lighting controls is expected to grow from $2.4 billion in 2014 to $4.6 billion in 2023…” click here for more

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