Press release
Rapid Growth on the Horizon: Lighting Control System Market Poised for Expansion with $98.93 Billion Valuation by 2029
Lighting Control System Market Size
What Is The Projected Market Size Of The Global Lighting Control System Market And Its Growth Rate?
- The lighting control system market will grow from $42.64 billion in 2024 to $50.1 billion in 2025 at a compound annual growth rate (CAGR) of 17.5%.
- By 2029, the market is projected to reach a valuation of $98.93 billion, growing at a CAGR of 18.5%.
- This growth can be attributed to energy efficiency awareness, regulatory standards, sustainability initiatives, cost savings, workplace productivity, IoT integration, demand for smart homes, work-from-home culture, urban infrastructure upgrades, and retrofitting demand.
What Is Driving The Growth In The Lighting Control System Market?
Increasing construction of commercial and non-commercial buildings are expected to fuel the growth of the lighting control system market. Commercial buildings refer to any non-residential structure that is not agricultural, industrial, or institutional, while non-commercial buildings are structures or buildings not used for a commercial enterprise or residential residence. Incorporating lighting control systems like dimmers and color-changing bulbs into these spaces is a clever approach for integrating networked controls. According to the University of Michigan's Center for Sustainable Systems, US commercial building floor space is expected to increase by 35% from 2021, reaching 124.6 billion square feet by 2050. This growth is anticipated to enhance the market for lighting control systems.
Request A Free Sample Copy:
https://www.thebusinessresearchcompany.com/sample.aspx?id=12175&type=smp
Who Are the Key Players Driving Lighting Control System Market Growth?
The market's growth is driven by major companies including:
- General Electric Co.
- Taiwan Semiconductor Manufacturing Company Limited
- Panasonic Corporation
- Schneider Electric SE
- Honeywell International Inc.
- Eaton Corporation plc
- Infineon Technologies AG
- Legrand SA
- Signify NV
- Hubbell Incorporated
- Acuity Brands Inc.
- OSRAM GmbH
- WAGO Corporation
- Leviton Manufacturing Company Inc.
- Zumtobel Group AG
- Ideal Industries Inc.
- Lutron Electronics Co. Inc.
- Inventronics Inc.
- RAB Lighting Inc.
- Toshiba Lighting & Technology Corporation
- Helvar Ltd.
- Synapse Wireless
- Digital Lumens Inc.
What Are The Key Trends In The Lighting Control System Market?
Key trends include:
- Gesture control systems
- Personalized lighting experiences
- Li-Fi integration
- Focus on user experience
- Wireless connectivity
What Are The Segments Of The Global Lighting Control System Market?
- Installation Type: New Installation, Retrofit
- Offering: Hardware, Software, Services
- Communication Protocol: Wired, Wireless
- End-Use: Indoor, Outdoor
Which Region Leads The Lighting Control System Market?
North America was the largest region in the lighting control system market in 2024. However, the Asia-Pacific region is anticipated to experience the fastest growth in the forecast period. Other regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Pre-book the Report for Swift Delivery:
https://www.thebusinessresearchcompany.com/report/lighting-control-system-global-market-report
What Is Covered In The Lighting Control System Market Global Market Report?
- Market Size Analysis: Analyze the Lighting Control System Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Lighting Control System Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Lighting Control System Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Lighting Control System Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Request Customization for This Report:
https://www.thebusinessresearchcompany.com/customise?id=12175&type=smp
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Rapid Growth on the Horizon: Lighting Control System Market Poised for Expansion with $98.93 Billion Valuation by 2029 here
News-ID: 3833502 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Lighting
Track Lighting Market Analysis By Top Keyplayers - Philips Lighting, Acuity Bran …
The "Track Lighting Market" is expected to reach USD xx.x billion by 2031, indicating a compound annual growth rate (CAGR) of xx.x percent from 2024 to 2031. The market was valued at USD xx.x billion In 2023.
Growing Demand and Growth Potential in the Global Track Lighting Market, 2024-2031
Verified Market Research's most recent report, "Track Lighting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2030," provides an in-depth examination…
Residential Lighting Market Top Players || EVERLIGHT; Hinkley Lighting; IKIO LED …
Residential Lighting Market research report comprises of several parameters which are thoroughly studied by the experts. To generate the best market analysis report, a range of objectives of the marketing research are required to be kept in mind. With this industry report it becomes simpler for customers to understand the various drivers and restraints impacting the market during the forecast period. Residential Lighting Market report helps to provide such market…
Energy Efficient Lighting Market Explore Future Growth by 2022 | Philips Lightin …
Worldwide Market Reports has announced the addition of the “Global Energy Efficient Lighting Market Research Report 2017”, The report classifies the global Energy Efficient Lighting Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
The report firstly introduced the Energy Efficient Lighting basics: definitions, classifications, applications and industry chain overview; industry policies and plans; product specifications; manufacturing processes;…
Energy Efficient Lighting Market Forecast to 2023: Acuity Brands, Cooper Lightin …
A report added to the rich database of Qurate Business Intelligence, titled “World Energy Efficient Lighting Market Research Report 2023 (Covering USA, Europe, China, Japan, India and etc)”, provides a 360-degree overview of the Global market. Approximations associated with the market values over the forecast period are based on empirical research and data collected through both primary and secondary sources. The authentic processes followed to exhibit various aspects of the…
Energy Efficient Lighting Market Development and Growth Analysis by Philips Ligh …
Worldwide Market Reports has announced the addition of the “Global Energy Efficient Lighting Market Research Report 2017”, The report classifies the global Energy Efficient Lighting Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
The report firstly introduced the Energy Efficient Lighting basics: definitions, classifications, applications and industry chain overview; industry policies and plans; product specifications; manufacturing processes;…
Track Lighting Market 2017-2022: Eaton, Juno, Lithonia Lighting, Satco, Hubbell …
The report on “Global Track Lighting Market” is a professional report which provides thorough knowledge along with complete information pertaining to the Track Lighting industry a propos classifications, definitions, applications, industry chain summary, industry policies in addition to plans, product specifications, manufacturing processes, cost structures, etc.This market research report on the Global Track Lighting market is a complete study of the markets current trends, industry growth drivers and restraints. It…
