The report includes extensive analysis of the factors driving as well as restraining the global Intelligent Lighting Controls Market

Portland, OR -- (SBWire) -- 06/08/2018 --Intelligent Lighting Controls Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $8.3 billion by 2020, registering a CAGR of 16.2% during the period 2015 - 2020. Europe was the highest revenue-generating region in 2014 owing to the stringent government mandates and rising electricity costs in the region. However, Asia-Pacific region would witness an increased adoption of intelligent lighting control devices in future owing to the boom in commercial establishments such as retail, industries and hospitals. The region will surpass Europe in 2017, to emerge as the leading market.

In 2014, European region was the leading revenue contributor in the global intelligent lighting controls market, followed by Asia-Pacific and North America, owing to stringent government regulations on energy management. The Asia-Pacific region would emerge as the largest market from 2017 onwards, owing to rising electricity costs and increasing awareness of energy and electricity demand management.

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Intelligent lighting control system is a network-based lighting control solution that uses various components, such as occupancy sensors, transmitters & receivers and microcontrollers, to control the lighting. These control systems offer various advantages such as energy savings maximization, adherence to building codes and compliance with green building and energy conservation programs. These systems have been widely used in lighting applications of commercial buildings, industrial setups and residential complexes. Lighting control systems use various factors, such as occupancy, availability of daylight and time of day to control the lighting.

The commercial buildings segment dominates the intelligent lighting controls market owing to the wide-spread adoption across different commercial establishments. According to U.S. Energy Information Administration, lighting accounts for approximately 40% of the total energy cost in commercial buildings. Further, the fluctuating electricity prices have escalated the operating costs of commercial spaces. Intelligent lighting control system helps in effective utilization of energy and at the same time enable the enterprises in meeting the government mandates and guidelines for tax incentives. These systems also provide customized lighting levels for optimal working conditions. Several companies have installed plug and play installation systems for intelligent lighting controls to maximize the use of lighting control systems.

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Wired type lighting was the highest revenue-generating segment in 2014 and is expected to maintain this trend during the forecast period (2015-2020).

Key Findings of Intelligent Lighting Controls Market:

- The growth ofintelligent lighting controls market would be supplemented by the increasing demand from the retail, industries and public sectors

- Commercial buildings are the highest revenue-generating segment of the globalintelligent lighting controls market

- Wireless intelligent lighting controls systems are expected to witness increased adoption during the forecast period owing to introduction of new technologies such as ZigBee and EnOcean

- Asia Pacific region would provide lucrative opportunities for the companies operating in the intelligent lighting controls market owing to increasing demand from retail and industrial sectors for energy management

Key Market Players:

The key companies profiled in the report include Schneider Electric SE, Honeywell International, Inc., General Electric Company, Koninklijke Philips N.V., OSRAM Licht AG, Acuity Brands Lighting, Inc., Legrand Group, Digital Lumens, Inc., Zumtobel Group AG and Lutron Electronics Co, Inc.

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