Shipments of Lighting Controls for Residential Applications Are Expected to Total Nearly 1.1 Billion through 2023

A recent report from Navigant Research analyzes the global market for residential energy-efficient lighting and lighting controls, including global market forecasts for light-emitting diodes (LEDs), incandescent, halogen, and fluorescent lighting through 2023. 

The market for residential energy-efficient lighting is in the midst of a transformation, particularly as prices for LEDs decrease and new lighting technologies emerge. Many residential applications center on LEDs that are connected, allowing for the remote control of and interaction between devices. Click to tweet: According to a recent report from Navigant Research, worldwide shipments of residential lighting controls are expected to total nearly 1.1 billion worldwide from 2014 through 2023. 
 
"The home energy management and home automation movements are ramping up, and smart lighting plays an important role in both," says Jesse Foote, senior research analyst with Navigant Research. "Residential consumers are finding that connected lighting is a convenient way to manage energy and to also tie in elements of safety, security, and functionality - sometimes with just a couple swipes of a smartphone." 

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