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Lighting Control System Market Size, Share, Competitive Landscape and Trend Analysis Report by Component, by Technology, by Application : Global Opportunity Analysis and Industry Forecast, 2024-2032

Lighting Control System Market Size, Share, Competitive Landscape and Trend...

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Lighting Control System Market Size, Share, Competitive Landscape and Trend Analysis Report by Component, by Technology, by Application : Global Opportunity Analysis and Industry Forecast, 2024-2032
Lighting Control System Market Size,...
Report Code
RO11/128/1082

Publish Date
24/Jun/2024

Pages
200
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The global lighting control system market revenue was around US$ 18.6 billion in 2023 and is estimated to reach US$ 34.8 billion by 2032, growing at a compound annual growth rate (CAGR) of 7.2% during the forecast period from 2024 to 2032.
A variety of lighting software packages known as lighting control systems are used to manage the amount, type, and properties of light in a given area. These gadgets promote energy efficiency while also helping to cut down on electricity waste. Furthermore, network-based intelligent lighting control systems can be characterized as a lighting control system that makes use of multiple components, including occupancy sensors, transmitters and receivers, and microcontrollers, to regulate lighting. Smart lighting control systems come with several benefits, including the ability to maximize energy savings while abiding by building codes, green building, and energy conservation initiatives. These systems are widely used in the automotive, industrial, and lighting sectors of smart buildings and smart home establishments. One of the main benefits of utilizing lighting control systems is lower energy usage.
Factors Influencing Market Growth
- The increasing capability and functionality of lighting control systems is increasing the demand for lighting control systems, thus expanding the market.
- Globally, numerous governments have enacted laws to encourage the use of energy-efficient products. For example, to encourage lighting projects that lower CO2 emissions, the U.S. and the European Union are providing grants, easier access to loans, tax breaks, and subsidies. This is increasing the demand for lighting control systems, thus driving market growth.
- Lighting control systems have the potential to significantly accelerate the development of smart cities, particularly in areas where they effectively tackle sustainable development issues. This is increasing the demand for lighting control systems in smart city projects, thus driving market growth.
- When installing lighting control systems in large environments, system reliability is an issue. This may hinder market growth.
Impact of COVID-19
COVID-19 negatively impacted the market. It had a significant impact on prime players operating in the supply chain. It caused several challenges for the market, primarily a shortage of skilled labor and project delays or cancellations due to worldwide partial or total lockdowns. On the other hand, standardized lighting control systems were developed as a result of recent technological advancements to counter the negative effects of COVID-19.
Regional Insights
North America dominated the market in 2023. There is a great need for lighting control systems in the area, both for new installations and retrofits. Several societies and regulatory bodies have issued mandates to reduce energy consumption and, as a result, reduce total CO2 emissions in the North American region.
Leading Competitors
- Cree, Inc.
- Eaton Corporation
- Signify Holding
- Legrand S.A.
- OSRAM GmbH
- ACUITY BRANDS, INC.
- Lutron Electronics Co., Inc.
- Hubbell Incorporated
- General Electric
- Dialight plc.
- Other Prominent Players
Segmentation Analysis
The global lighting control system market segmentation focuses on component, technology, application, and region.
Segmentation based on Component
- Solution
- Services

Segmentation based on Technology
- Wired
- Wireless
- Wi-Fi
- Bluetooth
- ZigBee
- Proprietary
- Hybrid
- Others

Segmentation based on Application
- Indoor
- Residential
- Commercial
- Offices
- Restaurant and Hotel
- Healthcare Facility
- Educational Institution
- Others
- Industrial
- Outdoor

Segmentation based on Region

- North America
- The U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Singapore
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa

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