Global lighting control equipment market share will reach 8 billion US dollars in 2018

The latest research report of the industry analyst firm Global Industry Analysts (GIA) pointed out that due to the increasing importance of energy efficiency in the industry and the increase in the demand for wireless Lighting control equipment, it is expected that the global lighting control equipment market share will reach 2018. Soared to 8 billion U.S. dollars.

It is understood that the global demand for lighting control systems for building types such as airports, factories, hospitals and railway stations is constantly rising. Advances in R&D and manufacturing have led to the emergence of a large number of innovative lighting control products.

Moreover, wireless lighting control systems are gaining popularity due to the low cost of test conditions, ease of installation, and the need to modify existing structures. Research shows that the wireless lighting control system will replace the wired control system and become the new darling of sales.

In addition, ballasts account for a large share of the lighting control equipment market, the emergence of electronic ballasts and the decline in prices in the future, and its advantages in energy efficiency, electronic ballasts will be "big in the market."

At present, Europe is the largest region in the global lighting control equipment market. The United States followed closely because of the increasing number of new construction projects in the Asia Pacific region and the mandatory government policies that require the development of green technologies and compliance with various energy efficiency standards.