Lighting Control System Market Analysis by Top Leaders: GE, OSRAM Licht, Philips Lighting, Eaton, Cree, Legrand, Lutron Electronics, Leviton Manufacturing, Acuity Brands

Global Lighting control system Market, By Component (Hardware, Software, Services), By Technology (Bluetooth, Wi-Fi, PLC), By Application (Residential, Commercial, Highways)- Forecast 2023

The global lighting control system market is expected to reach approximately USD 39 billion by the end of 2023 with 18% CAGR during forecast period 2017-2023.

Key Players:
The important companies in the market comprise of General Electric Company (GE) Philips Lighting N.V. (Netherlands), (US), Eaton Corporation (Ireland), Legrand S.A. (France), OSRAM Licht AG (Germany) and Acuity Brands Inc. (US).

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Lighting Control System Market – Overview
Innovative product designs in the past few years have set the tone for unparalleled market growth in the near future. Market Research Future which concentrates on market reports associated to the semiconductors & electronics sector amongst others recently published a report on this sector. The sector is expected to develop at an incremental pace of CAGR rate while achieving a high revenue share in the forecast period.

Lightning control systems have gained immense popularity in the recent years due to the increased acceptance of smart home concepts. Incidence of varied needs in the sector has led to significant improvement in the product category. Rising interest over the concept of smart cities have further bolstered the growth of the market. Nowadays, concepts of energy efficiency have also increased the demand for the lighting control systems.

Industry Segments
The market for lighting control system has been categorized into application, component, region, hardware, technology, services and software.
By Application: Commercial, Highways, Residential, Railways, Industrial, Roadways and Others
By Component: Software, Hardware and Services
By Region: Europe, North-America, RoW and Asia-Pacific
By Hardware: Sensors, Switches, LED Drivers, Dimmers and Others
By Technology: ZigBee, PLC, Bluetooth, Wi-Fi, POE, and Others
By Services: Managed Services, Maintenance Services, Professional Services and Others
By Software: Web based and Cloud based

Industry Updates:
Feb 2018 LumInsight Cloud CMS and their new LumInsight IoT Gateway called Echelon Corporation have concluded a top-to-bottom re-architecture of their intelligent connected lighting control outdoor system with the announcement of the latest version of its native cloud-based central management system. The solutions founded on this new architecture are now being sent to multiple cities and installing connected lighting at city-wide scale.

Feb 2018 Ketra a LED lighting manufacturer has stated the new introduction of Lutron and Creston smart home lighting control system integration with an additional layer of smart control voice command integration. Ketra’s lighting systems are now compatible for integration with Amazon Alexa, and the manufacturer also plan to announce Google Home integration in February.

Detailed Regional Analysis
In the case of the lighting control market, the Asia-Pacific division was responsible for the main market share primarily owing to improved infrastructure construction activities especially in countries such as China and India. The transformation of infrastructure and rising demand for digitization has also had a positive effect on the growth of the market. Nevertheless, The North-American region is also anticipated to mature at a comparatively swift rate chiefly due to the intense rate of approval of innovative technological breakthroughs, growing demand for smart homes and diversifying demand for energy efficient products.

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Global Competitive Analysis
The sector has seen high rates of development in the recent years owing to the unceasing demand levels for the products that the industry is offering. The product assortment currently in the market has diversified immensely due to high pace of technological breakthroughs which raised the potential for future growth of the industry. This effect will be fruitful for players in the industry as they will be able to utilize the ample opportunities for growth. The market must support their prospects by building up financial mutability to cash in the best growth policies when they become available. Due to the lucrative chances available in this sector, the competitors are trying to expand their market portion by way of intensive product development and extensive R & D. This approach is expected to be best suited for the value driven growth phase of the sector.

List Of Figures
Figure 1 Research Methodology
Figure 2 Lighting Control System Market, By Component (%)
Figure 3 Lighting Control System Market, By Technology (%)
Figure 4 Lighting Control System Market, By Application (%)
Figure 5 Lighting Control System Market, By Regions (%)
Figure 6 North America Lighting Control System Market, By Component (%)
Figure 7 North America Lighting Control System Market, By Technology (%)
Figure 8 North America Lighting Control System Market, By Application (%)
Figure 9 Europe Lighting Control System Market, By Component (%)
Figure 10 Europe Lighting Control System Market, By Technology (%)
Figure 11 Europe Lighting Control System Market, By Application (%)
Figure 12 Asia-Pacific Lighting Control System Market, By Component (%)
Figure 13 Asia-Pacific Lighting Control System Market, By Technology (%)
Figure 14 Asia-Pacific Lighting Control System Market, By Application (%)
Figure 15 Rest Of The World Lighting Control System Market, By Component (%)
Figure 16 Rest Of The World Lighting Control System Market, By Technology (%)
Figure 17 Rest Of The World Lighting Control System Market, By Application (%)

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