The latest bus-based lighting control products not only offer a reduced operating cost through energy efficiency gains and maintenance costs but also the actual cost of controls hardware is changing through the elimination of certain system components. This is just one of the findings from our recent report into the global market for Lighting Controls – //www.memoori.com/portfolio/smart-buildings-the-lighting-controls-business-2015-to-2020/

The US $112 billion global lighting market is undergoing a rapid transformation driven by technological change and the rules of the game continue to change for players across the industry.

Although significant consolidation has already occurred across the LED value chain, Memoori Research remains of the opinion that further consolidation is required for the market to mature into a stable state. Achieving economies of scale, cost reductions, sustainable market share and access to innovative IP to meet rising output requirements, will all remain as drivers. This will further increase the likelihood of deal activity to 2018.