When it comes to the lighting market, the future’s so bright, you gotta wear shades (and install shades … along with fixtures and controls). OK, forgive the weak pun on the lyrics of that 1980s hit song by one-hit wonder Timbuk3, but the market for lighting controls, lighting fixtures and motorized shades is anything but weak and certainly not a one-hit wonder.
Indeed, the staying power of the market is clearly evident in the new 2021 CE Pro Lighting & Shade Deep Dive Study, which shows a remarkable 44% rise in the median number of residential lighting projects done by integrators in one year! And, integrators report that over the past year, nearly half (47%) of all their residential installations included some combination of lighting controls, lighting fixtures or motorized shades. According to the data, the median number of residential projects that included lighting controls, lighting fixtures or motorized shades was 26. That represents nearly half of all residential projects that integrators will perform (on average 55) per year. Clearly, the lighting/shade business is beginning to rival audio and video in terms of the most commonly installed subsystem.
This exclusive 2021 CE Pro Lighting & Shade Deep Dive Study offers an in-depth look at the three-pronged force that is the lighting market today: Lighting Controls, Lighting Fixtures and Motorized Shades. The 2021 CE Pro Lighting and Shade Deep Dive Study, which was conducted in August 2021 and had 255 respondents, also revealed that while the typical number of lighting installations rose, the typical size of a lighting-related installation did not increase.
According to the data, the breakdowns for the various subsystem segments of the lighting market are somewhat similar:
- The median price for a lighting control installation (equipment, programming and labor) over the past year is $13,148 with an average of 15 switches, touchpanels or mobile device controls. That equates to $876 per device.
- The median price for a lighting fixture installation (equipment + labor) over the past 12 months is $8,157 with an average of 10 fixtures. That adds up to $815 per fixture.
- The median price for a motorized shade installation (equipment + labor) is $13,152 with an average of seven shades per project. That equates to $1,878 per shade.
The 2021 CE Pro Lighting & Shade Deep Dive study also asked integrators what specific assistance they would like to receive from manufacturers of lighting controls, fixtures and shades. Interestingly, dealers generally emphasized the desire for marketing and lead-gen help among their top priorities. Those needs are likely directly related to the newness of the fixture category, where integrators may not yet have communicated with builders, architects, designers and electricians about how they can now spec and install lighting fixtures on projects.