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Strategic Analysis of Energy Efficient Lighting Controls Market in North America
Frost & Sullivan, Dec 2008, Pages: 50
The study provides insight into current trends and dynamics in the Energy Efficient Lighting Controls Market in North America. The scope of the study covers residential, commercial, industrial and public and outdoor end-user segments in the United States and Canada. The study elaborates on the individual market segments that includes User Interfaces, Sensors and Control Modules markets.
Research Overview
This Frost & Sullivan research service titled Strategic Analysis of Energy Efficient Lighting Controls Market in North America analyzes the market for energy-efficient lighting controls in North America and the segments that are positioned to ensure a more sustainable energy future for North America. It includes a review of the technologies and policies that aim to achieve energy efficiency and the current and emerging trends that are expected to define the course of this industry going forward. In this research, Frost & Sullivan's expert analysts thoroughly examine the following technologies: user interfaces, sensors, and control modules.
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Market Overview
Code-compliance Issues Make a Case for Energy-efficient Lighting Controls in North America
Energy-efficiency initiatives, the current codes, and regulatory requirements in North America are throwing up a plethora of opportunities for the energy-efficient lighting controls market. The efforts of governments, international energy-related organizations, environmental bodies, and consumers have gone a long way in shaping energy-efficient lighting products and technologies. Energy-efficient lighting’s ability to save costs is holding it in good stead; however, the biggest boon for the market is the mandatory compliance with state and federal energy codes. “The predominant among these include the stipulation of California Energy Commission’s (CEC) Title 24, the International Energy Conservation Code® (IECC®), as well as industry prerequisites such as the American Society for Heating, Refrigerating, and Air-Conditioning Engineers (ASHRAE) 90.1 standard,” says the analyst of this research. “These codes and standards are providing a thrust to systems and technologies combining automation, sensors, and day lighting systems.” Automated lighting controls are getting an added thrust from open standard protocols, occupant control capabilities, U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED) certification, and green building consideration.
The market also benefits from the frequent energy price hikes, which are the direct result of increased electricity consumption. Moreover, with electricity being identified as the single largest contributor to green house gas (GHG) emissions and buildings being the highest primary energy consumers, consumers are waking up to the benefits of energy-efficient lighting. “With proven environmental advantages and long term cost-effectiveness, these products and technologies have succeeded in creating a class of their own, distinct from their conventional counterparts,” notes the analyst. “Yet, in spite of their proven energy efficiency, their market penetration has been somewhat hindered by upfront cost issues.” The current economic conditions are likely to further depress sales, particularly in the commercial end-user segments. The reduced spending in these segments is expected to take a toll on the revenues from capital improvements, retrofits, and new residential and commercial construction markets.
If the market is to rebound from these conditions, participants will have to address the challenges of inadequate end-user awareness and drive end users' interest in low-cost products. They will have to make lighting lifecycle costs data readily available so that it features prominently as a critical purchase factor. Once market participants make the required efforts to popularize their products, conventional lighting industry manufacturers are likely to review their technology’s adaptability, applications, innovations, and further developments by evaluating its benefits along with their lighting product portfolio and the synergies it represents. Manufacturers will also be challenged to maintain competitive pricing, as they are allocating R&D funds to developing cutting-edge technology to keep pace with their peers. “In addition, most products entering the market lack product differentiation, thus, making the market a price-based one,” observes the analyst. “To introduce distinct products and establish their brands as accredited energy efficient suppliers, manufacturers should pursue accreditations such as Energy Star Partnerships.”
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
- Residential
- Commercial
- Industrial
- Public and outdoor
- Technologies
The following technology is covered in this research:
- User interfaces
- Sensors
- Control modules
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