PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1311130
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1311130
Global Lighting Control System Market Size study & Forecast, by Type (Hardware, Software), by Communication Protocol (Wired, Wireless), by Application (Indoor, Outdoor), and Regional Analysis, 2023-2030
Global Lighting Control System Market is valued at approximately USD 26.9 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 16.99% over the forecast period 2023-2030. The Lighting Control System Market refers to the industry encompassing the production, distribution, and implementation of advanced systems and technologies designed to regulate and optimize the operation of lighting fixtures and devices for various applications. These systems enable the automation, monitoring, and customization of lighting settings, promoting energy efficiency, cost savings, and enhanced user comfort and convenience. The Lighting Control System Market is being driven by factors such as growing demand for electricity and increasing urbanization.
These systems typically involve the use of sensors, switches, dimmers, and centralized control systems to regulate the intensity, color, and timing of lighting fixtures. Lighting control systems offer benefits such as energy efficiency, improved comfort, increased convenience, and enhanced aesthetics. According to World Bank based on data from the UN Population Division November 2019 update, urban population in 2020 was 4.36 billion and it is projected to reach 7 billion by 2050. Along with that rising demand electricity is also driving the market, According to the International Energy Agency by year 2030 the global electricity demand is anticipated to grow by 25-30% as compare to year 2021. Thus, rising urbanization and rising demand for electricity fueling the growth of the market. In addition, the growing demand for energy-efficient lighting and government initiatives to build smart cities create lucrative opportunities for the market. However, the high cost of installation may hinder the growth of the market throughout the forecast period of 2023-2030.
The key regions considered for the Global Lighting Control System Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to its Strong IT Infrastructure and increasing demand for energy-efficient lighting solutions in the region. Asia Pacific is considered the fastest-growing region during the forecasted period due to rapid urbanization and government initiatives of building smart cities.
Major market player included in this report are:
- General Electric Company
- Philips Lighting NV
- Eaton Corporation Plc
- Honeywell International Inc.
- Acuity Brands Inc.
- Cree Inc.
- Lutron Electronics Co. Inc.
- Leviton Manufacturing Company Inc.
- Digital Lumens Inc.
Recent Developments in the Market:
Global Lighting Control System Market Report Scope:
By Type:
By Communication Protocol:
By Application:
By Region:
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Lighting Control System Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Lighting Control System Market, by Type, 2020-2030 (USD Billion)
- 1.2.3. Lighting Control System Market, by Communication Protocol, 2020-2030 (USD Billion)
- 1.2.4. Lighting Control System Market, by Application, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Lighting Control System Market Definition and Scope
Chapter 3. Global Lighting Control System Market Dynamics
Chapter 4. Global Lighting Control System Market Industry Analysis
Chapter 5. Global Lighting Control System Market, by Type
Chapter 6. Global Lighting Control System Market, by Communication Protocol
Chapter 7. Global Lighting Control System Market, by Application
Chapter 8. Global Lighting Control System Market, Regional Analysis
Chapter 9. Competitive Intelligence
Chapter 10. Research Process
LIST OF TABLES
- TABLE 1. Global Lighting Control System Market, report scope
- TABLE 2. Global Lighting Control System Market estimates & forecasts by Region 2020-2030 (USD Billion)
- TABLE 3. Global Lighting Control System Market estimates & forecasts by Type 2020-2030 (USD Billion)
- TABLE 4. Global Lighting Control System Market estimates & forecasts by Communication Protocol 2020-2030 (USD Billion)
- TABLE 5. Global Lighting Control System Market estimates & forecasts by Application 2020-2030 (USD Billion)
- TABLE 6. Global Lighting Control System Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 7. Global Lighting Control System Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 8. Global Lighting Control System Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 9. Global Lighting Control System Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 10. Global Lighting Control System Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 11. Global Lighting Control System Market by region, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 12. Global Lighting Control System Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
- TABLE 13. Global Lighting Control System Market by region, estimates & forecasts, 2020-2030 (USD Billion)
LIST OF FIGURES
