Global Lighting Control Market Insights Forecasts to 2030

• The Lighting Control Market size was valued at USD 20 Billion in 2021.
• The market is Growing at a CAGR of 17% from 2022 to 2030
• The Global Lighting Control Market is expected to reach USD 70 Billion by 2030
• Asia Pacific is expected to Grow the fastest during the forecast period

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The Global Lighting Control Market is expected to reach USD 70 Billion by 2030, at a CAGR of 17% during the forecast period 2022 to 2030. The COVID-19 pandemic outbreak has adversely affected economies and industries in several nations owing to lockdowns, travel bans, and business shutdowns which in order have affected the lighting control market size. In Addition, the lockdown in the Asia Pacific which is the highest growing region led to the undersupply of various parts used in electronics as most of the raw materials and spare parts are procured from this region's local market.

 

 

Market Overview

The lighting control system or smart lighting is an astute and electronic system that enables control solutions that integrate transmission centrally through several inputs and outputs by utilizing the primary modem. Lighting control systems ensure that the appropriate amount of light is available where and when it is required. Lighting control systems are extensively used in commercial, industrial, and residential spaces for both indoor and outdoor lighting. Lighting control systems may include lighting technologies for energy efficiency, convenience, and security. It can provide efficient energy by lowering power consumption in lighting applications. In addition, wireless lighting control also has lower installation costs and greater flexibility in the placement of switches and sensors.

 

Report Coverage

This research report categorizes the market for the global lighting control market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the lighting control market. Recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the lighting control market.

 

 

    

Driving Factors

Lighting controls moderate both demand and energy depletion by reducing lighting ON time, intensity, or zoning over traditional lighting systems such as manual override, events, alarms, and lights based on time and occupancy. In addition, the increasing adoption and expansion of technology, especially in the internet of things (IoT) applications, has led to a vast number of home automation results. The dominating factor of the lighting control market is the demand for energy-efficient connected lighting controls. Furthermore, lighting control strategies produce 24-38% average lighting energy savings, which reduces building operating costs. The rising infrastructure developments, increasing adoption of smart cities, and development of wireless communication technology, mostly in emerging economies, are expected to witness tremendous growth in the global lighting control market.

 

Restraining Factors

The high initial cost is restraining the widespread adoption of the lighting control market owing to the high deployment costs, as well as the cost of integration and maintenance services. In addition, lighting control systems primarily require highly expensive software, control systems, and LED lighting solutions. This factor influences the growth of the lighting control market. The higher cost of electronic components and installation compared to conventional lighting systems is a major hindrance.

 

Market Segmentation

• In 2021, the retrofit installation segment is witnessing a higher Growth rate over the forecast period.

 

Based on installation type, the global lighting control market is segmented into retrofit installation and new installation. Among these, the retrofit installation segment is witnessing a higher growth rate over the forecast period. Replacing the old lighting control system that expands lighting and limits heat emission and saves energy gives the biggest lighting upgrades to the end users.

 

• In 2021, the hardware segment is witnessing significant CAGR Growth over the forecast period.

On the basis of offering, the global lighting control market is segmented into hardware, software, and services. Among these, the hardware segment is witnessing significant CAGR growth over the forecast period. The hardware segment mostly consists of gateways sensors; switches & dimmers relay units, ballasts, and LED drivers. The major driving factor for the lighting control market for the hardware segment is mostly accelerating demand for the energy-saving lighting system.

 

• In 2021, the wired segment to generate the highest revenue over the predicted timeframe.

 

Based on connectivity type, the global lighting control market is segmented into wired and wireless. Among these, the wired segment generated the highest revenue over the predicted timeframe. The wired connectivity segment of the lighting control market includes line-voltage wiring, low-voltage wiring, digital low-voltage wiring, powerline communication, power over Ethernet, and others. The digital low-voltage connectivity control signals comprised digital binary messages instead of variations in voltage. The control systems are created using software instead of hardwiring and the operator may program and calibrate the control devices remotely. The end-users can control their appliances or devices remotely through this technology. As such the wired segment is expected to generate a flourish in the global lighting control market.

 

• In 2021, the outdoor application segment to Grow the fastest over the forecast period.

 

On the basis of application, the global lighting control market is segmented into indoor and outdoor. Among these, the outdoor application segment is to grow the fastest over the forecast period. The outdoor application of the lighting control market includes airports, public places, architectural sites, highways & roadways, and others. The rising adoption of developing connectivity by building road and road lights, and smart lighting in public places, particularly in developing nations in the Asia Pacific region is presumed to fuel the growth of the outdoor application in the lighting control market. 

 

Regional Segment Analysis of the Lighting Control Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

North America region is dominating the Market with the largest market share of 60%.

 

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North America dominated the market with the highest revenue contributor, accounting for the largest market share of 60%, with a CAGR of 15.0%. Lighting applications account for 19% of global energy consumption and 6% of total greenhouse gas emissions. In the United States, commercial and industrial sectors consume 65 percent of total energy consumption, with lighting control accounting for 22 percent. Furthermore, the authorizations and regulations by the government over energy consumption are anticipated to drive the lighting control market in North America.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global lighting control market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

 

List of Key Market Players

• Cisco Systems Inc.
• Signify Holding
• KONINKLIJKE PHILIPS N.V.
• Legrand North America LLC
• SIEMENS AG
• Zumtobel Group
• Eaton CORPORATION
• LSI Industries Inc.
• GE Current
• OSRAM GmbH
• Ideal Industries Inc.
• ACUITY BRANDS LIGHTING INC.
• Lutron Electronics Co. Inc.
• Lightwave RF PLC
• Control4 Corporation
• Schneider Electric
• Thorn Lighting
• Honeywell International Inc.
• IDEAL INDUSTRIES INC.
• Aclara Technologies LLC
• Hubbell
• Tridonic
• Leviton Manufacturing Co. Inc.
• Helvar
• Digital PLC
• Zumtobel Group AG
• RAB Lighting Inc.
• Cree Inc.
• Synapse Wireless
• Panasonic Corporation

 

 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

 

 

Recent Development

• In December 2020, Honeywell and Signify collaborated to deploy integrated lighting solutions that will improve the occupant experience.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2021 to 2030. Spherical Insights has segmented the global lighting control market based on the below-mentioned segments:

 

Lighting Control Market, By Installation Type

• Retrofit Installation
• New Installation

 

Lighting Control Market, By Offering

• Hardware
  • LED Drivers
  • Sensors
  • Switches
• Software
  • Web Based
  • Cloud Based
• Services

• Professional
• Installation
• Maintenance

 

Lighting Control Market, Connectivity Type

• Wired
• Wireless

 

Lighting Control Market, By Application

• Indoor

• Residential
• Industrial
• Commercial
• Others

 

• Outdoor

• Public Places
• Architectural Sites
• Highways & Roadways
• Others

 

 

Lighting Control Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa