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Worldwide Intelligent Lighting Controls Market to Surpass $4.3 Billion by 2020

According to a new report from Pike Research, the global market for intelligent lighting controls will enjoy steady and robust growth over the rest of this decade, rising from $1.5 billion in 2012 to more than $4.3 billion in 2020. In particular, new wireless technologies, along with reductions in prices for LED lights and dimmable ballasts, have made retrofit projects considerably more attractive. As LEDs become more mainstream, lighting controls–in the form of standalone devices or systems integrated into light fixtures–will help maximize their benefits.

www.pikeresearch.com Intelligent Lighting Controls for Commercial Buildings