Global Lighting Control System Market is valued at approximately USD 26.9 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 16.99% over the forecast period 2023-2030. The Lighting Control System Market refers to the industry encompassing the production, distribution, and implementation of advanced systems and technologies designed to regulate and optimize the operation of lighting fixtures and devices for various applications. These systems enable the automation, monitoring, and customization of lighting settings, promoting energy efficiency, cost savings, and enhanced user comfort and convenience. The Lighting Control System Market is being driven by factors such as growing demand for electricity and increasing urbanization.
These systems typically involve the use of sensors, switches, dimmers, and centralized control systems to regulate the intensity, color, and timing of lighting fixtures. Lighting control systems offer benefits such as energy efficiency, improved comfort, increased convenience, and enhanced aesthetics. According to World Bank based on data from the UN Population Division November 2019 update, urban population in 2020 was 4.36 billion and it is projected to reach 7 billion by 2050. Along with that rising demand electricity is also driving the market, According to the International Energy Agency by year 2030 the global electricity demand is anticipated to grow by 25-30% as compare to year 2021. Thus, rising urbanization and rising demand for electricity fueling the growth of the market. In addition, the growing demand for energy-efficient lighting and government initiatives to build smart cities create lucrative opportunities for the market. However, the high cost of installation may hinder the growth of the market throughout the forecast period of 2023-2030.
The key regions considered for the Global Lighting Control System Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to its Strong IT Infrastructure and increasing demand for energy-efficient lighting solutions in the region. Asia Pacific is considered the fastest-growing region during the forecasted period due to rapid urbanization and government initiatives of building smart cities.
Major market player included in this report are:
- General Electric Company
- Philips Lighting NV
- Eaton Corporation Plc
- Honeywell International Inc.
- Acuity Brands Inc.
- Cree Inc.
- Lutron Electronics Co. Inc.
- Leviton Manufacturing Company Inc.
- Digital Lumens Inc.
- WAGO Corporation
Recent Developments in the Market:
- In April 2023, MEGAMAN® Launches its New Infinite Smart Lighting System, the Bluetooth-connected system integrates a smart sensor that continuously monitors and adjusts the lighting levels based on the surrounding ambient light conditions. This enables seamless wireless communication between the sensor and connected light fixtures, ensuring optimal lighting throughout the day.
Global Lighting Control System Market Report Scope:
- Historical Data: 2020 - 2021
- Base Year for Estimation: 2022
- Forecast period: 2023-2030
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Type, Communication Protocol, Application, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
By Communication Protocol:
By Application:
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Lighting Control System Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Lighting Control System Market, by Type, 2020-2030 (USD Billion)
- 1.2.3. Lighting Control System Market, by Communication Protocol, 2020-2030 (USD Billion)
- 1.2.4. Lighting Control System Market, by Application, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Lighting Control System Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Lighting Control System Market Dynamics
- 3.1. Lighting Control System Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Growing Demand for Electricity
- 3.1.1.2. Increasing Urbanization.
- 3.1.2. Market Challenges
- 3.1.2.1. High cost of installation.
- 3.1.3. Market Opportunities
- 3.1.3.1. Growing demand of energy-efficient lighting.
- 3.1.3.2. Government initiatives for building smart cities.
Chapter 4. Global Lighting Control System Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Lighting Control System Market, by Type
- 5.1. Market Snapshot
- 5.2. Global Lighting Control System Market by Type, Performance - Potential Analysis
- 5.3. Global Lighting Control System Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
- 5.4. Lighting Control System Market, Sub Segment Analysis
- 5.4.1. Hardware
- 5.4.2. Software
Chapter 6. Global Lighting Control System Market, by Communication Protocol
- 6.1. Market Snapshot
- 6.2. Global Lighting Control System Market by Communication Protocol , Performance - Potential Analysis
- 6.3. Global Lighting Control System Market Estimates & Forecasts by Communication Protocol 2020-2030 (USD Billion)
- 6.4. Lighting Control System Market, Sub Segment Analysis
- 6.4.1. Wired
- 6.4.2. Wireless
Chapter 7. Global Lighting Control System Market, by Application
- 7.1. Market Snapshot
- 7.2. Global Lighting Control System Market by Application, Performance - Potential Analysis
- 7.3. Global Lighting Control System Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
- 7.4. Lighting Control System Market, Sub Segment Analysis
- 7.4.1. Indoor
- 7.4.2. Outdoor
Chapter 8. Global Lighting Control System Market, Regional Analysis
- 8.1. Top Leading Countries
- 8.2. Top Emerging Countries
- 8.3. Lighting Control System Market, Regional Market Snapshot
- 8.4. North America Lighting Control System Market
- 8.4.1. U.S. Lighting Control System Market
- 8.4.1.1. Type breakdown estimates & forecasts, 2020-2030
- 8.4.1.2. Communication Protocol breakdown estimates & forecasts, 2020-2030
- 8.4.1.3. Application breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Lighting Control System Market
- 8.5. Europe Lighting Control System Market Snapshot
- 8.5.1. U.K. Lighting Control System Market
- 8.5.2. Germany Lighting Control System Market
- 8.5.3. France Lighting Control System Market
- 8.5.4. Spain Lighting Control System Market
- 8.5.5. Italy Lighting Control System Market
- 8.5.6. Rest of Europe Lighting Control System Market
- 8.6. Asia-Pacific Lighting Control System Market Snapshot
- 8.6.1. China Lighting Control System Market
- 8.6.2. India Lighting Control System Market
- 8.6.3. Japan Lighting Control System Market
- 8.6.4. Australia Lighting Control System Market
- 8.6.5. South Korea Lighting Control System Market
- 8.6.6. Rest of Asia Pacific Lighting Control System Market
- 8.7. Latin America Lighting Control System Market Snapshot
- 8.7.1. Brazil Lighting Control System Market
- 8.7.2. Mexico Lighting Control System Market
- 8.8. Middle East & Africa Lighting Control System Market
- 8.8.1. Saudi Arabia Lighting Control System Market
- 8.8.2. South Africa Lighting Control System Market
- 8.8.3. Rest of Middle East & Africa Lighting Control System Market
Chapter 9. Competitive Intelligence
- 9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
- 9.2. Top Market Strategies
- 9.3. Company Profiles
- 9.3.1. General Electric Company
- 9.3.1.1. Key Information
- 9.3.1.2. Overview
- 9.3.1.3. Financial (Subject to Data Availability)
- 9.3.1.4. Product Summary
- 9.3.1.5. Recent Developments
- 9.3.2. Philips Lighting NV
- 9.3.3. Eaton Corporation PL
- 9.3.4. Honeywell International Inc.
- 9.3.5. Acuity Brands Inc.
- 9.3.6. Cree Inc.
- 9.3.7. Lutron Electronics Co. Inc.
- 9.3.8. Leviton Manufacturing Company Inc.
- 9.3.9. Digital Lumens Inc.
- 9.3.10. WAGO Corporation
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption