Networked Lighting Controls Will Surpass $5.3 Billion in Annual Revenue by 2020

The market for lighting controls in commercial buildings has entered a period of dramatic transformation, as the demand for both local controls, such as occupancy sensors and photosensors, and networked controls, rises and the adoption rate of light-emitting diode (LED) lighting systems begins to climb as well. According to a new report from Navigant Research, worldwide revenue from networked lighting controls will grow from $1.7 billion annually in 2013 to more than $5.3 billion by 2020.

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