Building Lighting Control System Manufacturing in the US - Industry Market Research Report
Description
Building Lighting Control System Manufacturing in the US
Building Lighting Control System Manufacturers make components and develop software for building lighting control systems. Manufacturers derive their demand from a few different places. Downstream demand comes primarily from four markets, residential, commercial, industrial and institutional. Throughout the period, there has been a varying degree of demand from each market. During COVID-19, demand from all markets except residential clients was crushed. Following COVID-19, office buildings remained at a heightened vacancy rate as many companies continued remote work. On top of these harmful macroeconomic trends, import penetration remains the single largest threat to manufacturers during the period. The rapid appreciation of the US dollar has increased the presence of imports in the US economy, as US buyers purchase from foreign manufacturers since the US dollar is worth more in foreign economies. Due to numerous disruptions in downstream markets, industry-wide revenue has been falling at a CAGR of 4.2% to an expected $1.6 billion in 2023, when revenue is estimated to fall another 1.5%.
Companies in the Building Lighting Control System Manufacturing industry manufacture components and develop software for building lighting control systems. These systems include components and software that control communication with switches, motion sensors and light sensors to provide flexible scheduling, daylight harvesting, occupancy control, personal control and load shedding.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Building Lighting Control System Manufacturers make components and develop software for building lighting control systems. Manufacturers derive their demand from a few different places. Downstream demand comes primarily from four markets, residential, commercial, industrial and institutional. Throughout the period, there has been a varying degree of demand from each market. During COVID-19, demand from all markets except residential clients was crushed. Following COVID-19, office buildings remained at a heightened vacancy rate as many companies continued remote work. On top of these harmful macroeconomic trends, import penetration remains the single largest threat to manufacturers during the period. The rapid appreciation of the US dollar has increased the presence of imports in the US economy, as US buyers purchase from foreign manufacturers since the US dollar is worth more in foreign economies. Due to numerous disruptions in downstream markets, industry-wide revenue has been falling at a CAGR of 4.2% to an expected $1.6 billion in 2023, when revenue is estimated to fall another 1.5%.
Companies in the Building Lighting Control System Manufacturing industry manufacture components and develop software for building lighting control systems. These systems include components and software that control communication with switches, motion sensors and light sensors to provide flexible scheduling, daylight harvesting, occupancy control, personal control and load shedding.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
58 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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