Global Intelligent Lighting Controls Market Size, Share, Growth Analysis, By Type of Control System(Wired Control Systems, and Wireless Control Systems), By Component(Sensors, Dimmers and Switches) - Industry Forecast 2024-2031

Global Intelligent Lighting Controls Market size was valued at USD 12 billion in 2022 and is poised to grow from USD 12.74 billion in 2023 to USD 20.62 billion by 2031, growing at a CAGR of 6.2% in the forecast period (2024-2031).

The market for intelligent lighting controls is experiencing remarkable growth due to the rising acceptance of energy-efficient and smart lighting solutions. These controls comprise various technologies and systems that empower users to remotely manage and optimize lighting across different settings. They include motion sensors, dimmers, timers, smart switches, and advanced lighting management systems. The market's growth is propelled by increasing focus on sustainability and energy preservation. Intelligent lighting controls allow users to adjust lighting levels based on occupancy, daylight availability, and specific requirements, thereby reducing energy usage and prolonging the lifespan of lighting fixtures. Furthermore, the integration of IoT (Internet of Things) technology has transformed the market, enabling seamless connectivity and control through smartphones, tablets, and voice assistants. The commercial sector, encompassing offices, retail spaces, and industrial facilities, serves as a significant catalyst for the intelligent lighting controls market. Organizations are striving to improve energy efficiency and create comfortable environments. In the residential sector, adoption is rising due to the convenience and aesthetic advantages offered by smart lighting systems. With the increasing momentum of smart city initiatives, intelligent lighting controls are instrumental in developing urban spaces that are energy-efficient, eco-friendly, and tailored to user preferences. Overall, the intelligent lighting controls market is poised for sustained expansion as technological advancements and sustainability considerations shape the future of lighting systems.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Intelligent Lighting Controls Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Intelligent Lighting Controls Market Segmental Analysis

The Intelligent lighting controls market is segmented on the basis of Type of Control System, Component, Application, and Region. By Type of Control System, the market is segmented into Wired Control Systems, Wireless Control Systems. By Component, the market is segmented into Sensors, Dimmers and Switches, LED Drivers, Microcontrollers and Microprocessors, Smart Lighting Platforms, Others. By Application, the market is segmented into Residential, Commercial, Industrial, Outdoor Public Spaces, Healthcare, Education, Others. By Region, the market is segmented into North America, Asia Pacific, Latin America, and Middle East & Africa (MEA).

Drivers of the Global Intelligent Lighting Controls Market

The architectural lighting sector, encompassing both indoor and outdoor environments, has experienced rapid evolution with the widespread adoption of LED lamps. This adoption is fueled by decreasing costs and ongoing technological advancements improving energy efficiency. The availability of a wide array of LEDs in various markets, both online and offline, has significantly boosted sales. Additionally, the ongoing shift from traditional lighting systems to autonomous setups within the industry has resulted in increased investments in LED bulbs and lighting solutions. This transition has spurred the integration of Internet of Things (IoT) and Artificial Intelligence (AI) technologies to transform conventional infrastructure into intelligent and automated systems. Consequently, there is a growing demand for intelligent lighting across various applications, necessitating sophisticated lighting control systems. The rise in popularity of smartphones, mobile devices, and smart consumer electronics like Amazon Echo Dot has further amplified this demand. These devices provide users with convenient access to interior lighting control, increasing the appeal and necessity for smart lighting control solutions.

Restraints in the Global Intelligent Lighting Controls Market

The significant upfront costs associated with installing intelligent lighting controls often result in extended payback periods, despite the significant long-term cost savings they provide. The duration of payback, averaging from two to three years, varies depending on the specific system type. However, technological advancements and decreasing costs of essential components such as microcontroller units and sensors are expected to shorten these payback periods. This trend is anticipated to promote wider adoption and increased usage of intelligent lighting controls over time.

Market Trends of the Global Intelligent Lighting Controls Market

The incorporation of Internet of Things (IoT) technology stands out as a significant trend in the intelligent lighting controls market. IoT facilitates smooth connectivity among lighting systems and various building components, allowing for data exchange that enhances automation and energy efficiency. By leveraging sensors, data analytics, and cloud-based platforms, lighting controls are evolving into smart building management solutions.