Quick Summary:
Stepping into a rapidly evolving and expansive landscape, the global intelligent lighting controls market offers intricate insights and dynamic growth opportunities. The market embraces a wide range of industrial sectors, leveraging the power of efficient and cost-effective lighting solutions. These intelligent controls blend Light-emitting diodes (LEDs) and Information and Communications Technologies (ICTs), transforming traditional illumination into a smarter and more responsive environment.
Equipped with a detailed breakdown by type, application and connectivity, the Intelligent Lighting Controls Market Report uncovers notable trends and strategies. It highlights how the integration of LEDs, sensors and wireless networks create healthier and more efficient illumination. The report discusses how these systems can deliver considerable environmental benefits, reduced energy consumption, lower O&M costs, and increased security through simulated occupancy. Couple these benefits with gradual shift from traditional to LED lamps, and we uncover an appealing prospect for diverse market players to capitalize on.
The global intelligent lighting controls market size reached US$ 11.0 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 28.4 Billion by 2028, exhibiting a growth rate (CAGR) of 16.4% during 2023-2028.
Intelligent lighting controls 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 help reduce electricity wastage by turning off the lights when an area is unoccupied. They offer increased visual comfort by considering the natural light and reducing the need for artificial illumination. Consequently, intelligent lighting controls are employed in the residential, commercial, and industrial sectors across the globe.
2. What is the expected growth rate of the global intelligent lighting controls market during 2023-2028?
3. What has been the impact of COVID-19 on the global intelligent lighting controls market?
4. What are the key factors driving the global intelligent lighting controls market?
5. What is the breakup of the global intelligent lighting controls market based on the type?
6. What is the breakup of the global intelligent lighting controls market based on the connectivity type?
7. What is the breakup of the global intelligent lighting controls market based on the application?
8. What are the key regions in the global intelligent lighting controls market?
9. Who are the key players/companies in the global intelligent lighting controls market?
Intelligent lighting controls 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 help reduce electricity wastage by turning off the lights when an area is unoccupied. They offer increased visual comfort by considering the natural light and reducing the need for artificial illumination. Consequently, intelligent lighting controls are employed in the residential, commercial, and industrial sectors across the globe.
Intelligent Lighting Controls Market Trends:
The increasing adoption of cost-effective and energy-efficient lighting solutions represents one of the key factors positively influencing the market. Moreover, conventional lighting controls have several drawbacks, such as manual on/off switching, poor control performance, and a considerable time delay when used separately. However, intelligent lighting controls integrate light-emitting diodes (LEDs) and information and communications technologies (ICTs), such as wireless networks and sensors, to create efficient and healthy illumination. Besides this, lights can be programmed to simulate occupancy in a building, which can help deter intruders. Sensors can also produce a visual alarm by illuminating areas with movement. Apart from this, there is an increase in the use of LED streetlights as they help reduce operations and maintenance (O&M) costs through immediate identification of streetlight failures. They also offer significant environmental benefits due to lower energy usage and reduced carbon emissions from truck rolls. This, coupled with the gradual substitution of traditional lamps with LED lamps, is offering lucrative growth opportunities to market players. Other factors, including rising technological advancements and the increasing number of smart city projects around the world, are projected to strengthen the growth of the market.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global intelligent lighting controls market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, connectivity type and application.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
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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 and Signify Holding B.V.Key Questions Answered in This Report
1. What was the size of the global intelligent lighting controls market in 2022?2. What is the expected growth rate of the global intelligent lighting controls market during 2023-2028?
3. What has been the impact of COVID-19 on the global intelligent lighting controls market?
4. What are the key factors driving the global intelligent lighting controls market?
5. What is the breakup of the global intelligent lighting controls market based on the type?
6. What is the breakup of the global intelligent lighting controls market based on the connectivity type?
7. What is the breakup of the global intelligent lighting controls market based on the application?
8. What are the key regions in the global intelligent lighting controls market?
9. Who are the key players/companies in the global intelligent lighting controls market?
Frequently Asked Questions about the Global Intelligent Lighting Controls Market
What is the estimated value of the Global Intelligent Lighting Controls Market?
What is the growth rate of the Global Intelligent Lighting Controls Market?
What is the forecasted size of the Global Intelligent Lighting Controls Market?
Who are the key companies in the Global Intelligent Lighting Controls Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 144 |
| Published | July 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 11 Billion |
| Forecasted Market Value ( USD | $ 28.4 Billion |
| Compound Annual Growth Rate | 17.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Intelligent Lighting Controls Market
6 Market Breakup by Type
7 Market Breakup by Connectivity Type
8 Market Breakup by Application
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- 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.
Methodology
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