Smart Lighting and Control System Market 2022 Driving Factors Forecast Research 2028

The global smart lighting and control system market is anticipated to grow at a significant CAGR of 14% during the forecast period. The lighting control system increasing consumer demand for energy-efficient lighting systems. For instance, in October 2021, URC launched a new product line of smart home lighting solutions that creates an atmosphere for entertaining or quiet family events with a line of smart dimmers, switches, and gateway devices. This new device displays notifications for programmed triggers via a LED light with a simple touch, URC Lighting enables smart control and automation. Moreover, the rising demand for intelligent solutions for street lighting systems is the major factor that is driving the growth of the market. Additionally, increasing awareness of energy management has fostered the growth of the smart lighting control system market.

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Moreover, high cost, lack of awareness, and lack of skilled professionals are the major restraints for the market. However, due to government initiatives and the penetration of major market players in emerging economies, it can be expected that the adoption of residential and outdoor lighting will grow in emerging economies during the forecast period and act as an opportunity in the market.

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• Market Coverage
• Market number available for - 2022-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Market Segmentation
Global Smart Lighting and Control System Market by Material Type
o High Intensity Discharge Lamps (Hid)
o Light Emitting Diodes (Led) Lights And Lamp
o Fluorescent Lamps And Compact Fluorescent Lamps

Global Smart Lighting and Control System Market by Component
o Sensors
o Microcontrollers
o Intelligent Luminaries
o Dimmers And Actuators
o Control & Communication
o Transmitters And Receivers

Global Smart Lighting and Control System Market by Technology
o Wired (Plc, Poe And Other)
o Wireless (Bluetooth, Smartphone & Other)

Global Smart Lighting and Control System Market by End-User
o Industrial
o Residential
o Commercial
o Public Utilities

Regional Analysis
o North America
o US
o Canada
o Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe
o Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific
o Rest of the World

Company Profiles
o Acuity Brands, Inc.
o Belkin International, Inc.
o Bridgelux, Inc.
o Corsair Gaming, Inc.,
o Current Lighting Solutions, LLC
o Digital Lumens, Inc.
o Eaton Corp.
o Echelon Solutions Group LLC
o Helvar
o Honeywell International Inc.
o Innovative Lighting, LLC.
o Kingsun Optoelectronic Co., Ltd.
o Koninklijke Philips N.V.
o LiFi.co
o Lutron Electronics Co., Inc.
o OSRAM GmbH
o Qualcomm Technologies, Inc.
o Schneider Electric
o The General Electric Co
o TVILIGHT Projects B.V.
o Visa Lighting
o WOLFSPEED, INC.
o Zumtobel Group

The Report Covers
• Market value data analysis of 2021 and forecast to 2028.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global smart lighting and control system market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

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