LED Systems to More than Double by 2020

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March 11, 2014 at 3:01 pm  •  Posted in News  •  0 Comments

Annual sales for occupancy sensors, photosensors, and lighting network gear for LED systems will grow to $2.7 billion by 2020 from $1.1 billion today, according to Navigant Research. Ultimately, increased usage of LED fixtures will improve information gathering and controls for commercial landlords and municipal governments.

The report, “Intelligent Lighting Controls for Commercial Buildings,” by Navigant Research states:

“Falling LED prices are driving up adoption rates of LED lamps, which in turn will drive up the adoption of lighting controls. The semiconductor nature of LEDs makes them inherently controllable, with better dimmability, easy integration of controls with drivers, and instantaneous setup. In fact, many LED lamps are being sold with built-in controllability, whether or not there are plans to make use of the control.”

Not only can LED lighting help with energy efficiency and reduced maintenance and operating costs, but it can also help with security, administrative functions and tracking purposes.

More and more businesses are starting to participate in smart lighting applications. Some of the most active ones include Daintree Networks, Echelon, Sensus, Silver Spring Networks.

View Full Article in: http://www.forbes.com/

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