Lighting Control System Global Market Report 2024

The lighting control system market size has grown rapidly in recent years. It will grow from $36.56 billion in 2023 to $43.3 billion in 2024 at a compound annual growth rate (CAGR) of 18.4%. The growth observed in the historic period can be attributed to several factors, including heightened awareness of energy efficiency, adherence to regulatory standards, sustainability initiatives, cost-saving measures, and the positive impact on workplace productivity. These factors collectively contributed to the expansion of relevant industries or sectors during this period.

The lighting control system market size is expected to see rapid growth in the next few years. It will grow to $84.36 billion in 2028 at a compound annual growth rate (CAGR) of 18.1%. The anticipated growth in the forecast period can be ascribed to various factors, including the integration of Internet of Things (IoT), increasing demand for smart homes, the prevalence of a work-from-home culture, ongoing urban infrastructure upgrades, and a rising demand for retrofitting solutions. Key trends expected during this period encompass the adoption of gesture control systems, personalized lighting experiences, integration of Li-Fi technology, a heightened focus on user experience, and the widespread use of wireless connectivity solutions. These trends collectively contribute to the projected expansion of relevant industries and sectors in the coming forecast period.

The anticipated growth in the lighting control system market is expected to be driven by the increasing development of both commercial and non-commercial buildings. Commercial buildings, referring to non-residential structures excluding agricultural, industrial, or institutional buildings, and non-commercial buildings, which are structures not used for commercial or residential purposes, are adopting lighting control systems such as dimmers and color-changing bulbs for enhanced networked controls within offices and various building types. According to the University of Michigan's Center for Sustainable Systems, the commercial building floor space in the U.S. is projected to expand by 35% from 2021, reaching an estimated 124.6 billion square feet by 2050. Additionally, the average size of U.S. homes increased by 45% in 2021, indicating a substantial trend toward larger living spaces. Hence, the growth in both commercial and non-commercial buildings is a key driver for the lighting control system market.

The increasing number of smart city projects. Smart cities, utilizing digital technology and data-driven solutions to enhance efficiency and well-being while reducing costs and resource consumption, prioritize energy efficiency, data-driven control, and sustainable urban development. This emphasis on intelligent and eco-friendly lighting solutions is expected to boost the adoption of lighting control systems. According to the IMD Smart City Index Report, the number of smart cities globally increased from 118 cities in 2021 to 141 cities in 2023. This surge in smart city initiatives is contributing to the growth of the lighting control system market.

Advancements in technology represent a prominent trend gaining momentum in the lighting control system market. Major companies within this market are leveraging advanced technologies to maintain their competitive positions. An example of this trend is evident in the actions of Intermatic Incorporated, a U.S.-based manufacturing company. In August 2021, Intermatic introduced the ARISTATM Advanced Lighting Control System, a programmable smart lighting solution designed for commercial and public facilities of up to 10,000 ft2. The ARISTA system allows users to customize it according to project requirements using modular components. The system also addresses installation challenges through deliberate design choices, such as battery-powered sensors and secure Bluetooth 5.0 mesh networking technologies.

Major players in the lighting control system market are emphasizing the development and introduction of infrared lighting control systems as part of their strategy to gain a competitive edge. Infrared lighting control systems utilize infrared signals for wireless management and control of lighting fixtures. For instance, Casambi, a Finland-based lighting company, launched three long-range wireless lighting control products in April 2023. These products include Casambi Xpress, a wireless switch for controlling lighting scenes, Casambi Xpress IR, an infrared remote control for managing lighting scenes, and Casambi Xpress PIR, a wireless motion sensor triggering lighting scenes. These products aim to provide a simple and flexible means of controlling lighting in various indoor environments, including homes, offices, and commercial spaces.

In March 2023, Signify, a U.S.-based manufacturing company, made a strategic move by acquiring Intelligent Lighting Controls Inc. (ILC) for an undisclosed amount. With this acquisition, Cooper Lighting Solutions, a part of Signify's Digital Solutions company, will sell ILC's brand of wired control systems. Intelligent Lighting Controls, Inc., based in the U.S., specializes in lighting control, dimming, energy savings, and provides solutions for retrofits and new construction projects. This acquisition reinforces the commitment of major companies to stay at the forefront of technological advancements in the lighting control system market.

Major companies operating in the lighting control system market report are General Electric Co., Taiwan Semiconductor Manufacturing Company Limited, Panasonic Corporation, Cisco Systems Inc., 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, Wolfspeed Inc., Ideal Industries Inc., GE Current, Lutron Electronics Co. Inc., Inventronics Inc., RAB Lighting Inc., Toshiba Lighting & Technology Corporation, Helvar Ltd., Synapse Wireless, Digital Lumens Inc.

North America was the largest region in the lighting control system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the lighting control system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the lighting control system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Two primary installation types for lighting control systems are new installation and retrofit. A new installation pertains to a system integrated into a structure whose construction commenced after the effective date of any applicable regulations. The offerings within lighting control systems include hardware, software, and services, utilizing communication protocols such as wired and wireless technologies. These systems cater to various end uses, including both indoor and outdoor applications.

The lighting control system market research report is one of a series of new reports that provides lighting control system market statistics, including lighting control system industry global market size, regional shares, competitors with a lighting control system market share, detailed lighting control system market segments, market trends and opportunities, and any further data you may need to thrive in the lighting control system industry. This lighting control system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The lighting control system market consists of revenues earned by entities by local switching and dimming, presence detection, daylight linked and time operated. The market value includes the value of related goods sold by the service provider or included within the service offering. The lighting control system market consists of sales of motion sensors, occupancy sensors, and timers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.