Intelligent Lighting Controls Market To Reach US$ 28.4 Billion by 2028 | CAGR of 16.4%

How Big is the Intelligent Lighting Controls Market ? :

IMARC Group's latest research report, titled "Intelligent Lighting Controls Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," The global intelligent lighting controls market size reached US$ 11.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 28.4 Billion by 2028, exhibiting a growth rate (CAGR) of 16.4% during 2023-2028.

What are Intelligent Lighting Controls and Uses ? :

Intelligent lighting controls refer to advanced systems that enable efficient and automated management of lighting within a given space. They comprise multiple lighting fixtures, movable illumination sensors, and power meters connected to a network for providing automatic control of lighting as per the requirement of the user. They offer increased visual comfort by considering natural light and reducing the need for artificial illumination. Additionally, these controls provide centralized monitoring and remote access capabilities, allowing facility managers to monitor and manage lighting systems across multiple locations from a single interface. They also contribute to sustainability efforts by integrating with building management systems. As a result, they are employed in the residential, commercial, and industrial sectors.

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Who are the key Players Operating in the Industry ? :

• Acuity Brands Inc
• ams-OSRAM AG
• Control4 Corporation (Snap One LLC)
• Enlighted Inc
• General Electric Company
• Honeywell International Inc
• Hubbell Incorporated
• Leviton Manufacturing Co. Inc
• Lutron Electronics Co. Inc
• Panasonic Corporation
• Schneider Electric SE
• Signify Holding B.V.

What are the Growth Prospects and Trends in the Intelligent Lighting Controls Industry ? :

The increasing adoption of cost-effective and energy-efficient lighting solutions primarily drives the global market. Moreover, the growing emphasis on sustainability and energy conservation is catalyzing the market as intelligent lighting controls offer an effective solution by optimizing lighting usage, reducing waste, and enabling smart energy management.

Besides, continual advancements in sensor technology, wireless connectivity, and data analytics have enabled more sophisticated and cost-effective intelligent lighting control solutions. This is creating a positive market outlook. Furthermore, the development of smart cities and the integration of lighting controls into urban infrastructure is acting as another growth-inducing factor. The market is further driven by rising technological advancements and the increasing number of smart city projects across the globe.

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Key Market Segmentation:

Breakup by Type:

• Sensors
• Ballasts and LED Drivers
• Microcontrollers
• Dimmers and Switch Actuators
• Transmitters and Receivers
• Others

Breakup by Connectivity Type:

• Wired
• Wireless

Breakup by Application:

• Commercial Buildings
• Residential Buildings
• Public Utilities

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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