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. According to Navigant Research, worldwide shipments of residential lighting controls are expected to total nearly 1.1 billion worldwide from 2014-2023.
"The home energy management and home automation movements are ramping up, and smart lighting plays an important role in both," said 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."
LEDs are expected to gain additional traction as many countries start to phase out or ban incandescent bulbs. Though alternatives, such as compact fluorescent lights (CFLs), tend to be less expensive, LEDs present fewer health concerns and offer better performance, according to the report.
