Building Lighting Control System Manufacturing
The Building Lighting Control System Manufacturing industry's performance has been volatile over the five years to 2018. As construction activity has performed well, the industry has capitalized on new construction or remodeling projects. Rising per capita disposable income has also boosted demand from residential customers. New technology, such as using lighting control systems from smartphones or tablets, has also made the systems more attractive to consumers. Nevertheless, exports have fallen during the current period due to strong import competition and a relatively strong US dollar. IBISWorld expects that industry revenue will increase over the five years to 2023. So long as economic growth is sustained, the industry will benefit from rising construction activity and increased interest in creating energy-efficient buildings to reduce energy costs.
Companies in the Building Lighting Control System Manufacturing industry manufacture components and develop software for building lighting control systems. These systems include components and software that control communication with switches, motion sensors and light sensors to provide flexible scheduling, daylight harvesting, occupancy control, personal control and load shedding.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.