Press release
Lighting Control System Market Size – Latest Growth, Development Trends & Forecast Report to 2025
The main objective of this report is to define, describe, and forecast the global “Lighting Control System” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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Lighting control systems is a technology which provides high energy efficiency and better control by reducing the power consumption in lighting applications. It is an intellectual system based electronic system with a capability to control or regulate the level, pattern or quality of lighting as per the user requisite. Moreover, lighting control system enables consumers to control the luminance intensities of lighting as per ambiance, infrastructure, intensity of daylight, and others such as physical presence and occupancy.
The rapid developments and proliferation of technologies especially in internet of things (IoT applications) are leading to the large number of products for home automation. In addition, lighting control system vendors are developing advance solutions to enhance their offerings to attain high quality customer experience. The growing technological and infrastructural developments, and penetration of advance solutions across the world especially, in emerging economies, are offering prominent opportunities for lighting control system solutions.
The global lighting control system market is witnessing growth owing to the factors such as high growing adoption of Internet of Things (IoT) in lighting industry, modernization and infrastructure development and increase in need for energy-efficient lighting control and management systems. Apart from this, acceptance of standard rules for lighting control is also a major factor which is anticipated to drive the demand for lighting control system in forthcoming years. However, high initial cost of lighting systems is a major challenge in the large-scale adoption of lighting control systems. The residential sector might see less implementation of lighting control system due to the high deployment cost associated with it. Besides this, privacy and security concerns in IoT-based lighting systems and lack of awareness about payback periods are also the major factors which anticipated to hinder the growth of this market.
Development of wireless communication technologies and rise of the smart cities revolution are the major factors which is expected to create huge opportunities for the global lighting control system market. Furthermore, the usage of wireless technologies such as ZigBee, Wi-Fi, and Bluetooth are also fueling the growth of this market. However, limited standardized regulatory policies in the energy sector is one of the major challenge for this market.
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North America is expected to emerge as the leading regional lighting control system market and is anticipated to continue its supremacy over the forecast period. This is primarily due to the growing adoption and penetration of lighting control systems across the region, with an aim to reduce energy consumption and carbon footprint. High expenditure capacity of the commercial and industrial sectors for energy-saving equipment is also impelling the growth of this market. However, Europe and Asia pacific are estimated to be among the potential regions lighting control system market in forthcoming years.
The global lighting control system can be segmented on the basis of technology, component and application. By technology, the global market is segmented into Wi-Fi, Bluetooth, programmable logic controller (PLC), power over ethernet (POE), ZigBee and other. Based on component the market is segmented into hardware, software and services. The hardware segment is further categorized into dimmers, switches, LED divers, sensors and other. Likewise, the software segment is further categorized into web based and cloud based. Furthermore, the services segment is bifurcated into maintenance services, professional services, and managed services. Based on application, the global lighting control system is segmented into roadways, industrial, railways, commercial, residential, highways and others.
The major players in the global lighting control system market includes General Electric Company, Koninklijke Philips N.V., OSRAM Licht AG, Belkin International, Inc., Cree, Inc., Eaton Corporation, Lightwave PLC, LiFI Labs, Inc., Honeywell International, Inc., Lutron Electronics Company, Inc., Acuity Brands Lighting, Inc., Elgato Systems, LSI Industries Inc., Leviton Manufacturing Company, Inc., Hubbell Incorporated and Douglas Lighting Controls.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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