With the technological advancements, the lighting industry has changed significantly in terms of saving energy and money. In lighting industry, the intelligent lighting controls are gaining immense popularity. Intelligent lighting controls provide energy efficient light bulbs such as Light Emitting Diode (LED) light, High Intensity Discharge(HID) Lamp, and Compact Fluorescent Light (CFL), which have a better lifespan as compared to the existing light bulbs. According to the latest market intelligence report by BIS Research titled, ‘Global Intelligent Lighting Controls Market-Analysis and Forecast (2018-2024),’ the market is expected to register a CAGR of 20.9% during the forecast period. This significant growth rate is owing to the integration of physical security industry with intelligent lighting, changing paradigm of lighting control industry to electronic industry, and adding voice control features to the upcoming products.
Intelligent lighting controls are gaining popularity owing to the evolution of smart technology which has drastically changed the face of lighting industry, in terms of energy saving, cost cutting and convenience of users. Energy-efficient light bulbs such as Light Emitting Diode (LED) lights, High Intensity Discharge (HID) lamps, and Compact Fluorescent Lights (CFL) are proven to use less energy and last longer than traditional light bulbs. Although the initial installation cost of energy-efficient lights is higher than the traditional lights, but they save a considerable share of energy cost over the life of bulbs.