Jun. 23, 2022
Energy Efficiency Demand Drives Lighting Control Market
The demand for energy-efficient lighting, alongside regulatory compliance and building codes, are key drivers propelling the lighting controls market, says ‘Growth Opportunities in Global Lighting Controls Industry’ by Frost & Sullivan. Growing consumer awareness of sustainable solutions and the need to replace conventional lighting systems will further boost the industry's growth. The global lighting controls market is expected to reach $11.82 billion by 2028 from $7.13 billion in 2021 at a compound annual growth rate (CAGR) of 7.5 per cent.