Smart lighting control system is a network-based lighting control solution that uses various components, such as occupancy sensors, transmitters & receivers, and microcontrollers, for controlling lighting. The control systems offer various advantages such as maximizing energy savings, while adhering to building codes and complying with green building and energy conservation programs. These systems have been widely used in lighting applications of smart building & smart home establishments, industries, and automotive areas. Reduced energy consumption is one of the major advantages of using intelligent lighting controls.
The smart cities segment dominates the intelligent lighting controls market, owing to the highest adoption of intelligent lighting controls in these sectors. According to the U.S. Energy Information Administration, lighting accounts for approximately 40% of the total energy cost in smart building & smart home buildings. Fluctuating electricity prices have escalated operating costs of smart building & smart home and automotive spaces. Smart lighting control system helps in effective utilization of energy sources; thereby, providing customized lighting levels for optimal working conditions. Several companies have installed plug and play installation systems for smart lighting controls to maximize the use of lighting control systems.
The factors such as high demand for cost-effective and energy-saving OLED lighting, increase in government initiatives toward OLED adoption, and growth in display and large screen backlight market act as major drivers, driving market growth globally. However, problems pertaining to high cost of the technology and various technological limitations hamper the market to a certain extent. Furthermore, increase in demand for eco-friendly lighting solutions and rise in adoption of smart lighting system is expected to offer lucrative opportunities for market growth.
The significant factors impacting the growth of the global intelligent lighting controls market include increase in penetration of LED bulbs and lightings globally and rise in government initiatives toward energy saving scheme. However, high initial installation cost of smart lighting controls system acts as the major barrier for early adoption; thereby, hampering the growth of the market. On the contrary, emerging smart city projects in developing economies and growing inclination toward energy-efficient lighting solutions are anticipated to provide lucrative opportunities for the growth of the intelligent lighting controls market during the forecast period.
The report segments the global intelligent lighting controls market based on type, connectivity type, application, and region. The type segment is analyzed across sensors, ballasts & LED drivers, microcontrollers, dimmers & switch actuators, transmitters & receivers, and others. By connectivity type, the market is bifurcated into wired and wireless. By application, it is divided into smart cities, automotive, manufacturing, media & entertainment and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA, along with its prominent countries.
The key intelligent lighting controls market leaders profiled in the report include Acuity Brands, Cisco, Cree, Inc., Eaton, GE Lighting, Honeywell, OSRAM, Panasonic Corporation, Philips, and Siemens.
These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to enhance their market penetration.
KEY BENEFITS FOR STAKEHOLDERS
GLOBAL INTELLIGENT LIGHTING CONTROL MARKET SEGMENTATION
BY TYPE:
BY CONNECTIVITY TYPE:
BY APPLICATION:
BY REGION
The smart cities segment dominates the intelligent lighting controls market, owing to the highest adoption of intelligent lighting controls in these sectors. According to the U.S. Energy Information Administration, lighting accounts for approximately 40% of the total energy cost in smart building & smart home buildings. Fluctuating electricity prices have escalated operating costs of smart building & smart home and automotive spaces. Smart lighting control system helps in effective utilization of energy sources; thereby, providing customized lighting levels for optimal working conditions. Several companies have installed plug and play installation systems for smart lighting controls to maximize the use of lighting control systems.
The factors such as high demand for cost-effective and energy-saving OLED lighting, increase in government initiatives toward OLED adoption, and growth in display and large screen backlight market act as major drivers, driving market growth globally. However, problems pertaining to high cost of the technology and various technological limitations hamper the market to a certain extent. Furthermore, increase in demand for eco-friendly lighting solutions and rise in adoption of smart lighting system is expected to offer lucrative opportunities for market growth.
The significant factors impacting the growth of the global intelligent lighting controls market include increase in penetration of LED bulbs and lightings globally and rise in government initiatives toward energy saving scheme. However, high initial installation cost of smart lighting controls system acts as the major barrier for early adoption; thereby, hampering the growth of the market. On the contrary, emerging smart city projects in developing economies and growing inclination toward energy-efficient lighting solutions are anticipated to provide lucrative opportunities for the growth of the intelligent lighting controls market during the forecast period.
The report segments the global intelligent lighting controls market based on type, connectivity type, application, and region. The type segment is analyzed across sensors, ballasts & LED drivers, microcontrollers, dimmers & switch actuators, transmitters & receivers, and others. By connectivity type, the market is bifurcated into wired and wireless. By application, it is divided into smart cities, automotive, manufacturing, media & entertainment and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA, along with its prominent countries.
The key intelligent lighting controls market leaders profiled in the report include Acuity Brands, Cisco, Cree, Inc., Eaton, GE Lighting, Honeywell, OSRAM, Panasonic Corporation, Philips, and Siemens.
These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to enhance their market penetration.
KEY BENEFITS FOR STAKEHOLDERS
- This study includes the analytical depiction of the intelligent lighting controls market forecast along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information regarding the key drivers, restraints, and opportunities in the intelligent lighting control market.
- The intelligent lighting control market growth is quantitatively analyzed from 2019 to 2027 to highlight the financial competency of the industry.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
GLOBAL INTELLIGENT LIGHTING CONTROL MARKET SEGMENTATION
BY TYPE:
- Sensors
- Ballasts & LED Drivers
- Microcontrollers
- Dimmers & Switch Actuators
- Transmitters & Receivers
- Others
BY CONNECTIVITY TYPE:
- Wired
- Wireless
BY APPLICATION:
- Smart Cities
- Automotive
- Manufacturing
- Media & Entertainment
- Others
BY REGION
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Smart Lighting Controls Market, by Type
Chapter 5: Smart Lighting Controls Market, by Connectivity Type
Chapter 6: Smart Lighting Controls Market, by Application
Chapter 7: Smart Lighting Controls Market, by Region
Chapter 8: Competitive Landscape
Chapter 9: Company Profiles
Executive Summary
According to the report titled, 'Intelligent Lighting Controls Market byType, Connectivity Type, and Application: Opportunity Analysis and Industry Forecast, 2020-2027', the global intelligent lighting controls market size was valued at $7.49 billion in 2019, and is projected to reach $26.06 billion by 2027, registering a CAGR of 17.4% from 2020 to 2027.The intelligent lighting controls comprise different components that include sensors, ballasts & LED drivers, dimmers & switch actuators, microcontrollers, transmitters & receivers, and intelligent luminaries. The ballasts and LED drives segment is anticipated to garner the highest revenue during the forecast period. Whereas, intelligent luminaries segment would grow rapidly, registering a prominent CAGR, during the forecast period. The end users of intelligent lighting controls include commercial buildings, residential buildings, and public utilities. Commercial buildings constitute around 58% share of the overall market revenue. Commercial buildings segment comprises retail, hospitality, industrial, and others. The adoption of intelligent lighting controls systems is high in these sectors, owing to high electricity consumption and greater focus on energy management to cut down the electricity costs.
The intelligent lighting controls market forecast holds high potential in the smart building &smart home and automotive sector. The current business scenario experiences rapid development in smart infrastructure and smart lighting, leading to the readiness to adopt this connectivity type, particularly in the developed and developing regions such as North America, Asia-Pacific, and Europe. Companies in this industry adopt various innovative techniques to provide customers with advanced and innovative features.
According to intelligent lighting controls market trends, the smart cities segment dominates the intelligent lighting controls market, owing to highest adoption of intelligent lighting controls in these sectors. According to the U.S. Energy Information Administration, lighting accounts for approximately 40% of the total energy cost in smart building & smart home buildings. Fluctuating electricity prices have escalated operating costs of smart building & smart home and automotive spaces. Smart lighting control system helps in effective utilization of energy sources; thereby, providing customized lighting levels for optimal working conditions. Several companies have installed plug and play installation systems for smart lighting controls to maximize the use of lighting control systems.
Asia-Pacific is the leading supplier of raw materials for manufacturing of smart control systems in the world. However, Europe occupies the highest market share, owing to stringent government regulations on energy management and tax incentives. Asia-Pacific has witnessed a wide-scale adoption of these systems in the recent years, owing to their increasing demand across various smart building &smart home sectors such as retail, hospitals, smart building & smart home establishments, and manufacturing. Companies operating in the intelligent lighting controls market have a robust supply chain network, owing to the high penetration of local players in this market, which is expected to significantly affect the intelligent lighting controls market growth globally.
Ballasts play a critical role in shaping up the fluorescent luminaire performance, while being integral to the lighting system. The market is anticipating the emergence of a new rating methodology, which would be based on actual inrush load characteristics and tested inrush control tolerances. This methodology would allow better coordination between loads and controls. Electronic ballasts and drivers offer improved efficiency and control of LED, inductive and fluorescent lighting loads. They can also subject the associated lighting controls to high inrush currents when switched on, possibly causing damage or reducing the life of the photo control. The introduction of dimmable LED drivers allows users to further decrease energy cost by automatically adjusting the luminance level.
Key Findings Of The Study
Based on type, the sensors segment generated the highest revenue in theglobal intelligent lighting controls market in 2019.
Based on connectivity, wired segment generated the highest revenue in the global intelligent lighting controls market in 2019
Based on applications, the smart cities segment generated the highest revenue in the global intelligent lighting controls market share in 2019.
The key intelligent lighting controls market leaders profiled in the report include Acuity Brands, Cisco, Cree, Inc., Eaton, GE Lighting, Honeywell, OSRAM, Panasonic Corporation, Philips, and Siemens. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to enhance their market penetration
Companies Mentioned
- Acuity Brands
- Cisco
- Cree Inc.
- Eaton
- GE Lighting
- Honeywell
- OSRAM
- Panasonic Corporation
- Philips
- Siemen
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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