Frost & Sullivan Podcasts

Topic Discussed : Global Lighting Controls MarketSpeakers : Dennis Marcell VictorKey Takeaways:The lighting control system and light management software (LCS-LMS) market is a high-growth market, primarily driven by energy efficiency measures, increasing adoption of LED lighting, and comfort offered to the occupants in a buildingThe market generated revenues of $6,193 million at a growth rate of 8.7% in 2017. Developed markets held close to 75% of the market share in 2017Office, residential, and healthcare are the major applications of lighting control products. Improved awareness among end users will increase adoption of lighting controls in other applicationsWired system architecture held more than 80% of the market share in 2017. It will decline over the forecast period but will remain the leading technology type. Wireless technology will dominate the retrofit market and challenge the market for wired systems in the near futureWholesale is the preferred distribution channel for residential and small commerc