Market Data: Residential Energy Efficient Lighting and Lighting Controls

Market Data: Residential Energy Efficient Lighting and Lighting Controls

Market Data: Residential Energy Efficient Lighting and Lighting Controls

Report
Format: PDF-Excel
Published year: 2016
Publisher: Navigant Research
Language: English
Pages: 26

Summary

LED lighting continues to gain market share in the residential sector as inexpensive and inefficient incandescent technology is phased out. While dropping LED prices are another key market driver for the increased adoption of this lamp type, LEDs are still more expensive than incandescent or compact fluorescent lamps (CFLs). Yet, health concerns related to the mercury content in CFLs will lead to more consumers turning toward LEDs. The controllability and customizability of LED technologies will also spur the adoption rate of LEDs and lighting-only home networks that allow users to control home lighting systems with their smartphones, tablets, or personal computers. At the same time, the overall growth rate for residential lighting revenue is expected to decrease in coming years due to the adoption of long lamp life technologies and the declining prices of these technologies. Lighting companies must turn toward controls and networked lighting systems to add value for consumers. Early adopters have started using residential lighting-only networks, but the market is still somewhat stagnant. The integration of lighting into smart home controls will demonstrate further functionality that will attract more consumers. According to Navigant Research, revenue associated with the installation of residential lighting controls is expected to grow at a compound annual growth rate of 4.6% between 2016 and 2025. This Navigant Research report analyzes the global 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. Several controls devices are assessed, as well, including occupancy sensors, photosensors, timers, dimmers, and lighting-only networks. Global market forecasts for unit shipments and revenue, segmented by region, lamp type, product type, and building type, extend through 2025. The report also examines the key trends and market drivers and barriers related to residential energy efficient lighting and lighting controls.
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