Lighting controls are increasingly being used due to the myriad benefits they offer. Controls substantially decrease energy consumption by about 50% in currently existing buildings and nearly 35% in new constructions. Further, the rapid returns on initial investments make lighting controls a more lucrative market. Lighting controls also experience a major shift towards breaker-based panels with remote controllable feature. Conventional relay based control manufacturers are quickly developing those panels to address the growing preferences of end-users.
Lighting controls market in the United States, Canada and Europe is projected to reach US$3.2 billion by 2010. Lighting controls market in the United States is estimated at US$1.11 billion in 2008, while annual sales in the Canadian market are projected to grow at a compounded annual rate of 2.14% over the period 2000-2010. Ballasts dominate the North American lighting controls market, cornering an estimated share of 89.5% in 2007.
North American market for Fluorescent ballasts is projected to exceed US$863 million by 2009. Market share for fluorescent ballasts, the largest segment within North American ballasts market, is pegged at 79.14% of the total ballasts market in 2007. Germany represents the largest regional market for Lighting Controls in Europe, with sales projected to exceed US$531 million in 2009.
Key players listed in the report include Advance Transformer Co., Denki Corporation, Eaton Corp., Hatch Transformers Inc., Howard Industries, Inc., Leviton Lighting Controls, Lithonia Lighting, Lutron, Osram GmbH, Osram Sylvania, Panasonic Electric Works Corporation of America, Philips Lighting, Philips Lighting Company, Robertson Worldwide, Schneider Electric SA, Square D Company, Inc., TridonicActo GmbH & Co KG, and Universal Lighting Technologies Inc.
"Lighting Controls: A Strategic Business Report" published by Global Industry Analysts, Inc., analyzes the US, Canadian and European markets with hard-to-find data and analytics. The report provides a comprehensive review of market trends and issues, drivers, business profile, players, competitive landscape, recent developments, mergers, acquisitions, alliances, product launches and other strategic industry activities. Analytical estimates and projections are presented in terms of annual sales in US$ over the years 2000 through 2015. Product groups/segments independently analyzed for the North American (US & Canada) regional market include Ballasts (Fluorescent and HID), and Controls (Relays and Breakers). End-use segments analyzed include Educational, Commercial, Retail, Government, Hospitality, and Others.
Product segments analyzed for the European market include Product segments analyzed for the European market include Electronic Ballasts, Magnetic Ballasts, Electronic Transformers, Magnetic Transformers, and Ignitors.
For more details about this research report, please visit http://www.strategyr.com/Lighting_Controls_Market_Report.asp.