Smart lighting control system market
Global Smart Lighting and Control System Market Size, Share & Trends Analysis Report By Type (Fluorescent Lamps And Compact Fluorescent Lamps, High-Intensity Discharge Lamps (HID), and Light Emitting Diodes (LED) Lights and Lamp), By Component (Control & Communication, Intelligent Luminaries, Sensors, Microcontrollers, Dimmers and Actuators, Transmitters and Receivers) by Technology (Wired and Wireless) and by (Residential, Commercial, Industrial, and Public Utilities) Forecast Period (2022-2028)
The global smart lighting and control system market is anticipated to grow at a significant CAGR of 14% during the forecast period. The lighting control system increasing consumer demand for energy-efficient lighting systems. For instance, in October 2021, URC launched a new product line of smart home lighting solutions that creates an atmosphere for entertaining or quiet family events with a line of smart dimmers, switches, and gateway devices. This new device displays notifications for programmed triggers via a LED light with a simple touch, URC Lighting enables smart control and automation. Moreover, the rising demand for intelligent solutions for street lighting systems is the major factor that is driving the growth of the market. Additionally, increasing awareness of energy management has fostered the growth of the smart lighting control system market.
Moreover, high cost, lack of awareness, and lack of skilled professionals are the major restraints for the market. However, due to government initiatives and the penetration of major market players in emerging economies, it can be expected that the adoption of residential and outdoor lighting will grow in emerging economies during the forecast period and act as an opportunity in the market.
Impact of COVID-19 Pandemic on Global Smart Lighting and Control System Market
COVID-19 has impacted owing to manufacturing facilities being the key point in the market and they were disrupted due to restrictions and low labor count. Moreover, there was a delay in the commercial roll-out of the electronics industry in the market. Additionally, due to the lack of small and crucial product availability needed for developing such smart light technologies were less and their supply was also low due to this the companies were facing low revenue and manufacturing facilities.
Segmental Outlook
The global smart lighting and control system market is segmented on the basis of type, component, technology, and end user. On the basis of type, the market is sub-divided into fluorescent lamps and compact fluorescent lamps, high-intensity discharge lamps (HID), and light emitting diodes (LED) lights and lamps. Based on the component the market is bifurcated into control & communication, intelligent luminaires, sensors, microcontrollers, dimmers and actuators, transmitters, and receivers. By technology, the market is divided into wired and wireless. By end-user, the market is sub-classified into residential, commercial, industrial, and public utilities. It is expected that the public utility will show the highest market growth shortly. As smart lighting projects are getting approval all across the globe. Additionally, it is expected that for energy saving, the government will install smart lights at other public facilities too such as government buildings & offices, parking lots, and so on.
Global Smart Lighting and Control System Market Share by Technology, 2021 (%)
The Light Emitting Diodes (LED) Technology Segment is Dominating the Global Smart Lighting and Control System Market
The light emitting diodes (LED) are holding a prominent share in the market due to their cost efficiency and low carbon emission it is expected that the LED segment. these luminaires are cost-effective and also offer a high return on investment. LED reduces installation costs and is also safe due to conduits and metal cladding are not required in these objects. Moreover, the benefits associated with smart technology made LED lighting systems a very attractive option for property owners and industries. For instance, in June 2021 Syska launched new LED Lights under the ‘T5 LED Batten’ brand for Rs 449 and Rs 549. Syska T5 LED Batten (PC) and Syska T5 LED Batten (AL) LED has increased the protection of 4KV and are installed with 440V Over Voltage protection (OVP).
Regional Outlooks
The global smart lighting and control system market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East &Africa, and Latin America. Europe is dominating in the market owing to the key players in the region being present within the region followed by North America as the market does not price sensitive, and the adoption rate is high toward new technology.
Global Smart Lighting and Control System Market Growth, by Region 2022-2028
The Asia Pacific Region is Fastest Growing in the Global Smart Lighting and Control System Market
Asia Pacific region is estimated to emerge as the fastest growing region during the forecast period. The major factors that are contributing to the growth of the Asia Pacific market include the increasing trend of LED lighting and government incentives. Moreover, a rapid surge in infrastructure building activities is being undertaken in the Asia Pacific, majorly in China. It is expected to consume more energy resources attributed to the growing energy demand from emerging economies, such as India and China. Additionally, growing awareness regarding the efficiency of the connected lighting system in major emerging economies in the region is enabling cost savings via energy consumption.
Market Players Outlook
The competitive landscape includes key strategies of leading players, recent developments, and key company analysis. The major players that contribute to the growth of the market include Acuity Brands Lighting, Cooper Industries Inc., Digital Lumens Inc., The General Electric Co., Lutron Electronics Co. Inc., OSRAM Licht AG, and many others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new Deployment launches, to stay competitive in the market. For instance, in March 2021, Hubbell Control Solutions launched a new and improved NX Distributed Intelligence Lighting Control Panel (NXP2 Series). It centralizes connection points in an enclosure and provides installer-friendly solutions and reduces the time and costs to deploy code compliant lighting control system in the right manner. This new NXP2 solution supports applications such as Commercial, Retail, Education, Industrial, and Parking and Site Lighting with a broad array of internal and external lighting.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global smart lighting and control system market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Material Type Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Smart Lighting and Control System Market
• Recovery Scenario of Global Smart Lighting and Control System Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of Covid-19 on Key Players
4. Market Segmentation
4.1. Global Smart Lighting and Control System Market by Material Type
4.1.1. High Intensity Discharge Lamps (Hid)
4.1.2. Light Emitting Diodes (Led) Lights And Lamp
4.1.3. Fluorescent Lamps And Compact Fluorescent Lamps
4.2. Global Smart Lighting and Control System Market by Component
4.2.1. Sensors
4.2.2. Microcontrollers
4.2.3. Intelligent Luminaries
4.2.4. Dimmers And Actuators
4.2.5. Control & Communication
4.2.6. Transmitters And Receivers
4.3. Global Smart Lighting and Control System Market by Technology
4.3.1. Wired (Plc, Poe And Other)
4.3.2. Wireless (Bluetooth, Smartphone & Other)
4.4. Global Smart Lighting and Control System Market by End-User
4.4.1. Industrial
4.4.2. Residential
4.4.3. Commercial
4.4.4. Public Utilities
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Acuity Brands, Inc.
6.2. Belkin International, Inc.
6.3. Bridgelux, Inc.
6.4. Corsair Gaming, Inc.,
6.5. Current Lighting Solutions, LLC
6.6. Digital Lumens, Inc.
6.7. Eaton Corp.
6.8. Echelon Solutions Group LLC
6.9. Helvar
6.10. Honeywell International Inc.
6.11. Innovative Lighting, LLC.
6.12. Kingsun Optoelectronic Co., Ltd.
6.13. Koninklijke Philips N.V.
6.14. LiFi.co
6.15. Lutron Electronics Co., Inc.
6.16. OSRAM GmbH
6.17. Qualcomm Technologies, Inc.
6.18. Schneider Electric
6.19. The General Electric Co
6.20. TVILIGHT Projects B.V.
6.21. Visa Lighting
6.22. WOLFSPEED, INC.
6.23. Zumtobel Group
1. GLOBAL SMART LIGHTING AND CONTROL SYSTEM MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
2. GLOBAL HIGH INTENSITY DISCHARGE LAMPS SMART LIGHTING AND CONTROL SYSTEM MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL LIGHT EMITTING DIODES (LED) LIGHTS AND LAMP SMART LIGHTING AND CONTROL SYSTEM MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL FLUORESCENT LAMPS AND COMPACT FLUORESCENT LAMPS SMART LIGHTING AND CONTROL SYSTEM MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL SMART LIGHTING AND CONTROL SYSTEM MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
6. GLOBAL SENSORS SMART LIGHTING AND CONTROL SYSTEM MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL MICROCONTROLLERS SMART LIGHTING AND CONTROL SYSTEM MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL INTELLIGENT LUMINARIES SENSORS SMART LIGHTING AND CONTROL SYSTEM MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL CONTROL & COMMUNICATION SMART LIGHTING AND CONTROL SYSTEM MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL DIMMERS AND ACTUATORS SMART LIGHTING AND CONTROL SYSTEM MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL TRANSMITTERS AND RECEIVERS SMART LIGHTING AND CONTROL SYSTEM MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL SMART LIGHTING AND CONTROL SYSTEM MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
13. GLOBAL WIRED SMART LIGHTING AND CONTROL SYSTEM MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL WIRELESS SMART LIGHTING AND CONTROL SYSTEM MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. GLOBAL SMART LIGHTING AND CONTROL SYSTEM MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
16. GLOBAL SMART LIGHTING AND CONTROL SYSTEM FOR RESIDENTIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
17. GLOBAL WIRELESS SMART LIGHTING AND CONTROL SYSTEM FOR COMMERCIAL MARKET GLOBAL SMART LIGHTING AND CONTROL SYSTEM FOR INDUSTRIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
18. GLOBAL WIRELESS SMART LIGHTING AND CONTROL SYSTEM FOR PUBLIC UTILITIES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
19. NORTH AMERICAN SMART LIGHTING AND CONTROL SYSTEM MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
20. NORTH AMERICAN SMART LIGHTING AND CONTROL SYSTEM MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
21. NORTH AMERICAN SMART LIGHTING AND CONTROL SYSTEM MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
22. NORTH AMERICAN SMART LIGHTING AND CONTROL SYSTEM MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
23. NORTH AMERICAN SMART LIGHTING AND CONTROL SYSTEM MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
24. EUROPEAN SMART LIGHTING AND CONTROL SYSTEMMARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
25. EUROPEAN SMART LIGHTING AND CONTROL SYSTEM MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
26. EUROPEAN SMART LIGHTING AND CONTROL SYSTEM MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
27. EUROPEAN SMART LIGHTING AND CONTROL SYSTEM MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
28. EUROPEAN SMART LIGHTING AND CONTROL SYSTEM MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
29. ASIA-PACIFIC SMART LIGHTING AND CONTROL SYSTEM MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
30. ASIA-PACIFIC SMART LIGHTING AND CONTROL SYSTEM MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
31. ASIA-PACIFIC SMART LIGHTING AND CONTROL SYSTEM MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
32. ASIA-PACIFIC SMART LIGHTING AND CONTROL SYSTEM MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
33. ASIA-PACIFIC SMART LIGHTING AND CONTROL SYSTEM MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
34. REST OF THE WORLD SMART LIGHTING AND CONTROL SYSTEM MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
35. REST OF THE WORLD SMART LIGHTING AND CONTROL SYSTEM MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
36. REST OF THE WORLD SMART LIGHTING AND CONTROL SYSTEM MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2021-2028 ($ MILLION)
37. REST OF THE WORLD SMART LIGHTING AND CONTROL SYSTEM MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2021-2028 ($ MILLION)
38. REST OF THE WORLD SMART LIGHTING AND CONTROL SYSTEM MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL SMART LIGHTING AND CONTROL SYSTEM MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL SMART LIGHTING AND CONTROL SYSTEMMARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL SMART LIGHTING AND CONTROL SYSTEM MARKET, 2021-2028 (%)
4. GLOBAL SMART LIGHTING AND CONTROL SYSTEM MARKET SHARE BY TYPE, 2021 VS 2028 (%)
5. GLOBAL HIGH INTENSITY DISCHARGE LAMPS SMART LIGHTING AND CONTROL SYSTEM MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL LIGHT EMITTING DIODES (LED) LIGHTS AND SMART LIGHTING AND CONTROL SYSTEM MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL FLUORESCENT LAMPS AND COMPACT FLUORESCENT LAMPS SMART LIGHTING AND CONTROL SYSTEM MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8. GLOBAL SMART LIGHTING AND CONTROL SYSTEM MARKET SHARE BY COMPONENT, 2021 VS 2028 (%)
9. GLOBAL SENSORS SMART LIGHTING AND CONTROL SYSTEM MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL MICROCONTROLLERS SMART LIGHTING AND CONTROL SYSTEM MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL INTELLIGENT LUMINARIES SMART LIGHTING AND CONTROL SYSTEM MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL CONTROL & COMMUNICATION SMART LIGHTING AND CONTROL SYSTEM MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. GLOBAL DIMMERS AND ACTUATORS SMART LIGHTING AND CONTROL SYSTEM MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. GLOBAL TRANSMITTERS AND RECEIVERS SMART LIGHTING AND CONTROL SYSTEM MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. GLOBAL SMART LIGHTING AND CONTROL SYSTEM MARKET SHARE BY TECHNOLOGY, 2021 VS 2028 (%)
16. GLOBAL WIRED SMART LIGHTING AND CONTROL SYSTEM MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
17. GLOBAL WIRELESS SMART LIGHTING AND CONTROL SYSTEM MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
18. GLOBAL SMART LIGHTING AND CONTROL SYSTEM MARKET SHARE BY END-USER, 2021 VS 2028 (%)
19. GLOBAL SMART LIGHTING AND CONTROL SYSTEM FOR RESIDENTIAL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
20. GLOBAL SMART LIGHTING AND CONTROL SYSTEM FOR COMMERCIAL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
21. GLOBAL SMART LIGHTING AND CONTROL SYSTEM FOR INDUSTRIAL MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
22. GLOBAL SMART LIGHTING AND CONTROL SYSTEM FOR PUBLIC UTILITIES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
23. US SMART LIGHTING AND CONTROL SYSTEM MARKET SIZE, 2021-2028 ($ MILLION)
24. CANADA SMART LIGHTING AND CONTROL SYSTEM MARKET SIZE, 2021-2028 ($ MILLION)
25. UK SMART LIGHTING AND CONTROL SYSTEM MARKET SIZE, 2021-2028 ($ MILLION)
26. FRANCE SMART LIGHTING AND CONTROL SYSTEM MARKET SIZE, 2021-2028 ($ MILLION)
27. GERMANY SMART LIGHTING AND CONTROL SYSTEM MARKET SIZE, 2021-2028 ($ MILLION)
28. ITALY SMART LIGHTING AND CONTROL SYSTEM MARKET SIZE, 2021-2028 ($ MILLION)
29. SPAIN SMART LIGHTING AND CONTROL SYSTEM MARKET SIZE, 2021-2028 ($ MILLION)
30. REST OF EUROPE SMART LIGHTING AND CONTROL SYSTEM MARKET SIZE, 2021-2028 ($ MILLION)
31. INDIA SMART LIGHTING AND CONTROL SYSTEM MARKET SIZE, 2021-2028 ($ MILLION)
32. CHINA SMART LIGHTING AND CONTROL SYSTEM MARKET SIZE, 2021-2028 ($ MILLION)
33. JAPAN SMART LIGHTING AND CONTROL SYSTEM MARKET SIZE, 2021-2028 ($ MILLION)
34. SOUTH KOREA SMART LIGHTING AND CONTROL SYSTEM MARKET SIZE, 2021-2028 ($ MILLION)
35. REST OF ASIA-PACIFIC SMART LIGHTING AND CONTROL SYSTEM MARKET SIZE, 2021-2028 ($ MILLION)
36. REST OF THE WORLD SMART LIGHTING AND CONTROL SYSTEM MARKET SIZE, 2021-2028 ($ MILLION)
