About LED Lighting Controllers
Due to growing digitalization and industrialization consumption of electrical energy has been escalating across the globe. Thus, to minimize or limit electricity consumption number of consumers are favoring light emitting diodes (LED) which will ultimately propel the demand for LED lighting controllers. In addition to this, the demand for smart housing is increasing, that will also emerge the market for the wireless LED lighting controllers. These lighting control systems are highly automated, network-based, or somewhat artificial intelligent. These devices are primarily used for monitoring the communication amongst input-output devices with the help of number of computing devices.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 17.18% |
LED lighting controllers are one of the innovative and technologically enhanced products which have differentiated them from the conventional lighting controls. Thus, the threat of new entrants is moderate since the lighting controller manufacturing will require higher Initial Investments. Although some of the electronics industry giants have entered into the market and try and develop differentiated products to gain a competitive edge over the competitors.The Players having a strong hold in the market are Acuity Brands, Hubbell Control Solutions, Philips Lighting, Lutron Electronics, and Leviton. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global LED Lighting Controllers 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.
Acuity Brands (United States), Hubbell Control Solutions (United States), Philips Lighting (Netherlands), Lutron Electronics (United States), Leviton (United States), OSRAM (Germany), Cooper Controls (Eaton) (United States), ABB (United States), Cree (United States), GE Lighting (United States), LSI Industries (United States) and Synapse Wireless (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Echelon Corporation (United States), HUNT Dimming (United States), Lightronics (United States), LTECH (China), Douglas Lighting Controls (Canada) and Gardasoft (United Kingdm).
Segmentation Overview
AMA Research has segmented the market of Global LED Lighting Controllers market by Type (High Power Controllers and Serial Controllers), Application (Residential, Commercial, Industrial, Public Spaces and Others) and Region.
On the basis of Type, Wired LED Lighting Controller are dominating the market in the year 2023 where as Wireless LED Lighting Controller stood as second largest market share.
On the basis of application, Commercial segment is dominating the market in the year 2023 where as Industrial segment stood as second largest market .On the basis of geography, the market of LED Lighting Controllers 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, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Connection Type, the sub-segment i.e. Wired LED Lighting Controller will boost the LED Lighting Controllers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Applications of Cloud-Based Lighting Controls and Smart Home Construction with Automated Electronics Lamp Monitoring
Market Growth Drivers:
Minimal Energy Consuming than the Conventional Lighting Systems which will Fuel the Market Growth and Increasing Demand for Smart Homes leading to Increasing Adoption of Smart Electronics Devices
Challenges:
Major Environmental Concerns related to Diminishing E-waste, Stringent Government Regulations on Excessive Energy Consumption and Comparatively Higher Manufacturing Cost
Restraints:
Technological Uncertainties about the Internet of Things Concept which might Stagnate the Demand and Continues Technological Enhancements may Change Consumer Preferences which might generate Volatile Demand
Opportunities:
Increasing Adoption of Artificial Intelligence-based Controllers Assisting in Developing Emotion-Based Lighting Systems and Rising Demand for Smart Street Lamps Owing to Smart City Initiatives
Market Leaders and their expansionary development strategies
In March 2023, Eindhoven, Netherlands – Signify, a provider in lighting, has announced the acquisition of Intelligent Lighting Controls, Inc. (ILC), a U.S. manufacturer of wired control systems, expanding its connected portfolio.
In August 2021, Eyeing the upcoming Festive season, IoTfy has launched a Mobile App-controlled Strip Light controller, which makes any LED Strip Lights Smart. This is another interesting and useful category added to the existing Smart Light solutions of IoTfy which include LED Smart bulb, CCT/RGB downlights, CCT/RGB batons.
"The Energy Independence and Security Act of 2007" has put many changes into motion for the lighting industry. The most significant change was a required 25 percent increase in the energy efficiency of light bulbs. Since the manufacturers were unable to increase incandescent bulb efficiency by such a large percentage, it has led to restricting the usage of incandescent bulbs. And encouraged the consumption for highly efficient Light Emitting Diodes as well as fluorescent bulbs.
Key Target Audience
LED Manufactures, LED Upstream and Downstream Buyers, Electrical and Electronics Industry Associations, Government Agencies, Municipal Corporations, Construction Industry, Research and Development Institutes 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.