About Light Control System
Light control system is defined as an intelligent network-based lighting control solution which has the ability to regulate the level and quality of light. It also enhances the experience and helps to save energy by using the light when and where it is needed the most. It can save money on the energy cost by allowing an individual to manually or automatically control the number of lights that are on at any given moment of time.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 16.3% |
The light control system market is expected to continue to grow in the coming years, driven by the factors mentioned above. The increasing demand for energy efficiency, convenience, and security is expected to create new opportunities for light control system manufacturers. Additionally, the development of new technologies is expected to further drive the growth of the market. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Light Control System market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
GE Current, a Daintree company (United States), Signify Holding (Netherlands), Eaton (Ireland), Legrand (France), OSRAM GmbH (Germany), Acuity Brands, Inc. (United States), Cree, Inc. (United States), Lutron Electronics, Inc. (United States), Leviton Manufacturing Co Inc. (United States), Echelon Corporation (United States) and Light wave PLC (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Digital Lumens (United States), Feilo Sylvania Group (United Kingdom), Lutron Ketra LLC (United States), Lifi Labs, Inc. (United States) and Switchmate Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Light Control System market by and Region.
On the basis of geography, the market of Light Control System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Spain, Ukraine, Norway, Russia, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Bluetooth will boost the Light Control System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Hardware {Switches, Sensors, Dimmers, LED Drivers and Others} will boost the Light Control System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Communication Protocol, the sub-segment i.e. Wired will boost the Light Control System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Adoption of Internet of Things (IoT) in the Lighting Industry
Market Growth Drivers:
Requirement of Energy-Efficient Lighting Control and Management Systems and Growing Modernization and Infrastructural Development
Challenges:
Decreasing Power Consumption of Digital Dimmers
Restraints:
High Installation Cost Associated With Light Control System and Security and Privacy Issues in IoT Based Lightning System
Opportunities:
Rise of the Smart Cities Revolution is A Great Opportunity for Lighting Industry and Government Initiatives for Electricity Savings
Market Leaders and their expansionary development strategies
In October 2023, Legrand, a French multinational specializing in electrical and digital building infrastructure, acquired Cylon Controls, a provider of building automation and control systems. This acquisition aimed to strengthen Legrand's position in the commercial building automation market.
In November 2023, GE Lighting, a major player in the lighting industry, launched its Cync Direct Connect line of smart lights. These lights offered direct Wi-Fi connectivity without requiring a hub, making them easier to set up and use.
According to the United Nations Human Settlements Program, cities consume 78% of the world's energy and Philips also predicted that by 2050, 66% of the population may live in cities, due to urbanization. These have resulted in smart cities, where smart cities rely on IoT, where everything is dependent on each other. From streets lights to traffic signals and beyond. Smart lighting can be a backbone for a smart city network.
Key Target Audience
Product Manufacturers, Original Equipment Manufacturers (Oems), Semiconductor Component And Device Manufacturers, Component And Device Suppliers And Distributors, Residential, Commercial &Industrial End Users, Component Suppliers, Software, Service, And Technology Providers, Standardization And Testing Firms, Government Bodies Such As Regulatory Authorities And Policymakers, Research Institutes And Organizations, Market Research And Consulting Firms and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.