Press release
Global Luminaire and Lighting Control Market Set to Reach US$144.5 Billion by 2031, Driven by Energy Saving Initiatives and Smart Infrastructure | General Electric, Signify Holding, WOLFSPEED, INC.
The global Luminaire and Lighting Control market, valued at US$87.4 billion in 2022, is projected to grow at a CAGR of 5.8% between 2023 and 2031, reaching US$144.5 billion by the end of 2031. This robust expansion is underpinned by rising energy‐efficiency awareness, the proliferation of smart homes and smart buildings, and accelerating urban infrastructure investments.Market Overview
The luminaire and lighting control market encompasses integrated lighting systems in which sensors and controllers are built directly into luminaires. Each luminaire operates as an autonomous control point, enabling granular, flexible, and highly responsive lighting management. These systems offer significant energy savings often exceeding 60% compared to traditional fixtures while enhancing occupant comfort, safety, and operational efficiency.
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Market Drivers & Trends
Energy Conservation Initiatives
Governments and utilities worldwide are implementing stringent energy‐efficiency standards and incentive programs to curb electricity consumption and CO2 emissions. The shift from legacy lighting to LED-based luminaires with embedded controls is being accelerated by regulations, tax incentives, and rising electricity tariffs.
Smart Building and Smart Home Adoption
As smart buildings become mainstream, integrated lighting controls are recognized as a cornerstone for energy management platforms. Research shows that lighting accounts for roughly 14% of a building's total energy use, making it a prime target for efficiency upgrades. Demand for connected lighting solutions in residential and commercial spaces is rising in tandem with broader IoT deployment.
Urbanization and Infrastructure Development
Rapid urban growth and smart city initiatives are fueling deployment of intelligent street lighting and public‐space illumination. Advanced luminaire controls-capable of dimming, daylight harvesting, and occupancy sensing-help municipalities reduce operating costs, extend asset life, and improve public safety.
Latest Market Trends
Wireless Protocols Gaining Traction: Bluetooth Mesh, ZigBee, and Wi‐Fi-based control solutions are outpacing wired systems due to lower installation complexity and enhanced scalability.
Integration with Building Management Systems (BMS): Lighting controls are increasingly interoperable with HVAC, security, and energy‐management platforms via open protocols (e.g., BACnet, KNX).
Human‐Centric Lighting (HCL): Dynamic tuning of color temperature and intensity to mimic natural light cycles is emerging as a premium feature in offices, healthcare, and educational environments.
Key Players and Industry Leaders
Leading manufacturers and solution providers are driving innovation through strategic partnerships, M&A, and product launches. Notable players profiled in this report include:
General Electric
Signify Holding
WOLFSPEED, INC.
Legrand S.A.
OSRAM GmbH
Eaton Corporation
Lutron Electronics Co., Inc.
Acuity Brands, Inc.
Hubbell Incorporated
LSI Industries Inc.
Each company is evaluated on corporate overview, business strategies, financial performance, product portfolio, and recent developments.
Recent Developments
November 2023: iGuzzini expanded its Living Vibes collection with the BeTwo luminaire, optimizing professional‐grade design for residential and hospitality environments.
April 2023: ams OSRAM partnered with Musco Lighting to deploy OSCONIQ LEDs in the Armin‐Wolf‐Arena baseball stadium in Regensburg, Germany, showcasing field‐of‐play lighting that meets stringent performance and efficiency standards.
August 2023: NEC Corporation India launched a flagship Smart City lighting project in Tirupati, India, integrating connected streetlights with sensor networks to enhance public‐space illumination and monitoring.
Market Opportunities and Challenges
Opportunities:
Retrofit Projects: Billions of legacy fixtures in commercial and municipal installations present a sizable retrofit opportunity, as operators seek both operational cost savings and sustainability certifications.
Residential Smart Lighting: Growth in high‐end residential constructions and "smart home" renovations is driving demand for app‐controlled, voice‐enabled lighting solutions.
Energy‐as‐a‐Service (EaaS): Leasing and performance‐contract models allow end‐users to adopt advanced lighting controls with minimal upfront investment, expanding addressable market segments.
Challenges:
High Initial Costs: Upfront capital expenditures for LED luminaires and integrated controls remain significantly higher than for traditional lighting, slowing adoption among cost‐sensitive buyers.
Interoperability Concerns: Fragmentation among wireless standards and BMS integration protocols can complicate specification and installation, leading some buyers to delay projects.
Cybersecurity Risks: As lighting controls become more connected, cybersecurity vulnerabilities in wireless links and cloud management platforms pose operational and privacy risks.
Future Outlook
Analysts expect the global luminaire and lighting control market to maintain steady growth through 2031, with emerging applications in human-centric lighting, ultraviolet‐C (UV‐C) disinfection fixtures, and Li-Fi (light‐based wireless communication) systems creating additional revenue streams. The increasing alignment of sustainability goals with financial incentives will continue to drive public and private sector investment in advanced lighting infrastructures.
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Market Segmentation
By Product:
Luminaire
Control
By Light Source:
LED
Halogen
Fluorescent
HID
Others
By Technology:
Wired
Wireless (Wi‐Fi, Bluetooth, ZigBee, Others)
By Component:
Hardware (Drivers, Ballasts, Sensors, Switches, Dimmers, Relays, Gateways)
Software (Web‐based, Cloud‐based, Hybrid)
Services (Professional Services, Managed Services)
By Application:
Indoor (Residential, Commercial, Industrial, Public & Government)
Outdoor (Architectural, Roadways, Public Places, Railways & Harbors)
Regional Insights
Asia Pacific: Held the largest market share in 2022, driven by booming infrastructure, smart city rollouts, and favorable FDI policies-India alone attracted over US$52.5 billion in FDI in construction and related sectors between April 2000 and December 2021.
North America: Early adoption of green building certifications (LEED, Energy Star) and robust retrofit programs underpin steady growth.
Europe: Stringent EU directives on energy efficiency and carbon reduction are catalyzing replacement of legacy lighting systems across public and private sectors.
Middle East & Africa: Large‐scale urban development projects and stadium lighting for major sporting events are key demand drivers.
South America: Government‐led energy conservation mandates and metro‐rail lighting modernization initiatives are creating new market pockets.
Why Buy This Report?
Comprehensive Coverage: In‐depth analysis of global, regional, and country‐level markets, with segment forecasts through 2031.
Strategic Insights: Detailed market drivers, restraints, opportunities, and industry trends to guide investment and product development.
Competitive Landscape: Profiles of leading players, market share analysis, and strategic benchmarking.
Practical Tools: Excel‐based data tables plus PDF report for seamless integration into business plans and presentations.
Customizable: Option to tailor the report to specific regions, technologies, or applications for bespoke market intelligence.
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About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
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