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Market Snapshot

CAGR:6.43

2023

2032

Source: Market Expertz

Study Period	2019-2032
Base Year	2023
Forcast Year	2023-2032
CAGR	6.43

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Report Overview

The Lighting Control Market is projected to experience substantial growth with a Compound Annual Growth Rate (CAGR) of 5.82% between 2022 and 2032. The market size is anticipated to expand by USD 8,765.21 million during this period. This growth is influenced by various factors, including the increasing emphasis on energy efficiency, smart city initiatives, and the integration of Internet of Things (IoT) technology in lighting systems. Lighting control refers to the management of lighting sources to achieve desired illumination levels, energy savings, and improved user experiences. It encompasses technologies such as smart lighting, sensors, and automation systems that enable efficient control of lighting environments.

Lighting Control Market Overview:

Drivers:

One of the primary drivers propelling the growth of the lighting control market is the growing focus on energy efficiency and sustainability. As governments and industries worldwide aim to reduce energy consumption, the adoption of advanced lighting control systems becomes crucial. These systems enable precise control over lighting levels, scheduling, and occupancy-based adjustments, leading to substantial energy savings. Additionally, the integration of IoT technology allows for real-time monitoring and optimization of lighting systems, further enhancing energy efficiency.

Trends:

An important trend shaping the lighting control market is the adoption of smart lighting solutions. Smart lighting leverages digital technology, including sensors, connectivity, and data analytics, to create dynamic lighting environments. These solutions offer benefits such as personalized lighting experiences, remote control, and the ability to adapt to changing conditions. The increasing demand for personalized and interactive lighting experiences in residential, commercial, and industrial settings is driving the adoption of smart lighting solutions.

Restraints:

One of the key challenges affecting the lighting control market is the initial cost of implementation. Advanced lighting control systems often involve the installation of sensors, controllers, and connectivity infrastructure, which can incur upfront expenses. Despite the long-term energy savings and operational benefits, the initial investment might deter some potential adopters. Additionally, compatibility issues between different vendors' products can hinder seamless integration and limit market growth.

Lighting Control Market Segmentation By Application:

The commercial segment is poised to witness significant growth within the lighting control market. Lighting control solutions offer substantial benefits to commercial establishments, including offices, retail spaces, and hospitality venues. Smart lighting systems can be customized to provide optimal lighting conditions based on factors such as occupancy, time of day, and task requirements. Furthermore, the integration of lighting control with building management systems enhances overall energy management and contributes to a more comfortable and productive environment.

Lighting Control Market Segmentation By Type:

The smart lighting segment is projected to experience remarkable growth due to its transformative impact on lighting systems. Smart lighting solutions leverage IoT technology to provide enhanced control, energy efficiency, and user experience. These solutions allow users to adjust lighting levels, color temperatures, and schedules through mobile apps or voice commands. The integration of sensors, data analytics, and connectivity enables smart lighting systems to adapt to user preferences and changing environmental conditions.

Regional Overview:

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The Asia-Pacific (APAC) region is anticipated to play a significant role in driving the growth of the global lighting control market. APAC's rapid urbanization, infrastructure development, and increasing awareness about energy conservation contribute to the adoption of advanced lighting control solutions. Countries such as China and India are investing in smart city initiatives, which include the deployment of energy-efficient lighting systems. Moreover, the presence of key market players and the adoption of smart technology in sectors such as manufacturing and automotive contribute to the region's market growth.

Lighting Control Market Customer Landscape:

The lighting control market report encompasses the entire customer adoption lifecycle, from early innovators to late adopters. It provides insights into adoption rates across different regions based on penetration levels. Additionally, the report delves into key factors influencing purchase decisions and pricing considerations, aiding companies in formulating growth strategies.

Major Lighting Control Market Companies:

Companies in the lighting control market are employing diverse strategies, including partnerships, mergers and acquisitions, product launches, geographical expansion, and technology advancements, to enhance their market presence.

Acuity Brands Inc.
Cree Inc.
Eaton Corporation plc
Honeywell International Inc.
Hubbell Incorporated
Legrand SA
Lutron Electronics Co. Inc.
Osram Licht AG
Schneider Electric SE
Signify N.V.

The competitive landscape section of the report offers comprehensive analyses of these companies, evaluating their strengths, weaknesses, and market positioning.

Segment Overview:

The lighting control market report provides revenue forecasts at the global, regional, and country levels. It presents analyses of market trends and growth opportunities from 2019 to 2032.

Application Outlook (USD Million, 2019 - 2032):

Residential
Commercial
Industrial
Outdoor

Type Outlook (USD Million, 2019 - 2032):

Wired
Wireless

Geography Outlook (USD Million, 2019 - 2032):

North America

U.S.
Canada

Europe

U.K.
Germany
France
Rest of Europe

APAC

China
India

South America

Brazil
Argentina

Middle East & Africa

Saudi Arabia
UAE
Rest of Middle East & Africa

TABLE OF CONTENTS: GLOBAL Lighting Control System MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. Lighting Control System MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Lighting Control System Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.5.1. Power Of Suppliers

4.5.2. Power Of Buyers

4.5.3. Threat Of Substitutes

4.5.4. Threat Of New Entrants

4.5.5. Competitive Rivalry

Chapter 5. Lighting Control System MARKET BY Installation type SIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2 New

5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3 Retrofit

5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. Lighting Control System MARKET BY End use INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2. Indoor

6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3. Outdoor

6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. Lighting Control System MARKET REGIONAL OUTLOOK

7.1. Lighting Control System Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

7.2.1. North America Lighting Control System Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.2. North America Lighting Control System Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.3. North America Lighting Control System Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.4. North America Lighting Control System Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

7.2.5.1. U.S. Lighting Control System Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.5.2. U.S. Lighting Control System Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.5.3. U.S. Lighting Control System Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.5.4. U.S. Lighting Control System Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

7.2.6.1. Canada Lighting Control System Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.6.2. Canada Lighting Control System Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.6.3. Canada Lighting Control System Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.6.4. Canada Lighting Control System Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

7.3.1. Europe Lighting Control System Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.2. Europe Lighting Control System Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.3. Europe Lighting Control System Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.4. Europe Lighting Control System Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

7.3.5.1. Germany Lighting Control System Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.5.2. Germany Lighting Control System Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.5.3. Germany Lighting Control System Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.5.4. Germany Lighting Control System Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

7.3.6.1. France Lighting Control System Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.6.2. France Lighting Control System Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.6.3. France Lighting Control System Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.6.4. France Lighting Control System Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

7.3.7.1. U.K. Lighting Control System Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.7.2. U.K. Lighting Control System Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.7.3. U.K. Lighting Control System Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.7.4. U.K. Lighting Control System Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

7.4.1. Asia Pacific Lighting Control System Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.2. Asia Pacific Lighting Control System Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.3. Asia Pacific Lighting Control System Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.4. Asia Pacific Lighting Control System Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.5. CHINA

7.4.5.1. China Lighting Control System Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.5.2. China Lighting Control System Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.5.3. China Lighting Control System Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.5.4. China Lighting Control System Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

7.4.6.1. India Lighting Control System Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.6.2. India Lighting Control System Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.6.3. India Lighting Control System Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.6.4. India Lighting Control System Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

7.4.7.1. Japan Lighting Control System Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.7.2. Japan Lighting Control System Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.7.3. Japan Lighting Control System Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.7.4. Japan Lighting Control System Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

7.4.8.1. Australia Lighting Control System Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.8.2. Australia Lighting Control System Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.8.3. Australia Lighting Control System Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.8.4. Australia Lighting Control System Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

7.5.1. Mea Lighting Control System Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.5.2. Mea Lighting Control System Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.5.3. Mea Lighting Control System Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.5.4. Mea Lighting Control System Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

7.6.1. Latin America Lighting Control System Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.6.2. Latin America Lighting Control System Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.6.3. Latin America Lighting Control System Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.6.4. Latin America Lighting Control System Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

7.6.5. Latin America Lighting Control System Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

8.2.1. New Product Launches

8.2.2. Investment & Expansion

8.2.3. Acquisitions

8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

8.3.1. North American Suppliers

8.3.2. European Suppliers

8.3.3. Asia-Pacific Suppliers

8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1 Signify Holding (Signify, Netherlands)

9.1.1. Company Overview

9.1.2. Financial Performance

9.1.3. Product Insights

9.1.4. Strategic Initiatives

9.2 Legrand S.A. (Legrand, France)

9.2.1. Company Overview

9.2.2. Financial Performance

9.2.3. Product Insights

9.2.4. Strategic Initiatives

9.3 Eaton Corporation (Eaton, Ireland)

9.3.1. Company Overview

9.3.2. Financial Performance

9.3.3. Product Insights

9.3.4. Strategic Initiatives

9.4 General Electric Company (GE, US)

9.4.1. Company Overview

9.4.2. Financial Performance

9.4.3. Product Insights

9.4.4. Strategic Initiatives

9.5 OSRAM Licht AG (OSRAM, Germany)

9.5.1. Company Overview

9.5.2. Financial Performance

9.5.3. Product Insights

9.5.4. Strategic Initiatives

9.6 Acuity Brands, Inc. (Acuity, US)

9.6.1. Company Overview

9.6.2. Financial Performance

9.6.3. Product Insights

9.6.4. Strategic Initiatives

9.7 Leviton Manufacturing Company, Inc. (Leviton, US)

9.7.1. Company Overview

9.7.2. Financial Performance

9.7.3. Product Insights

9.7.4. Strategic Initiatives

9.8 Lutron Electronics Co. Inc. (Lutron, US)

9.8.1. Company Overview

9.8.2. Financial Performance

9.8.3. Product Insights

9.8.4. Strategic Initiatives

9.9 Ideal Industries Inc. (Ideal Industries, US)

9.9.1. Company Overview

9.9.2. Financial Performance

9.9.3. Product Insights

9.9.4. Strategic Initiatives

9.10 Schneider Electric (Schneider, France)

9.10.1. Company Overview

9.10.2. Financial Performance

9.10.3. Product Insights

9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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Lighting Control Market Analysis By Application (Residential, Commercial, Industrial, Outdoor), By Type (Wired Lighting Control, Wireless Lighting Control), and By Region Forecast to 2032