Intelligent Lighting Controls Market Scope
An intelligent lighting control system is an automated lighting management system that consists of several lighting fixtures connected in a network. Lighting control systems that are intelligent increase energy efficiency, performance, and consumer value. These systems have a wide range of applications, including aircraft, automobiles, home appliances, and a variety of other systems. In an effort to cut energy use, smart lighting controls are becoming more popular. Furthermore, the worldwide intelligent lighting controls market has grown as people become more cognizant of energy management. Increased penetration of LED bulbs and lightings globally, as well as increased government initiatives toward energy conservation schemes, are major drivers influencing the growth of the worldwide intelligent illumination controls market. The popularity of smart lighting control systems has increased as connectivity has improved and technological solutions have advanced. It has been discovered that LED-based lighting solutions that are combined with various types of wireless technologies have a good commercial possibility. Wireless networking technologies are enabling a new generation of lights to be intelligent.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | General Electric Company (United States), Philips Lighting NV (Netherlands), Eaton Corporation PL (Ireland), Honeywell International Inc. (United States), Wolfspeed (United States), Acuity Brands Inc. (United States), Lutron Electronics Co. Inc. (United States), Leviton Manufacturing Company Inc. (United States), Zumtobel AG (Austria) and Infineon Technologies (Germany) |
CAGR | 18.0% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Intelligent Lighting Controls market throughout the predicted period.
General Electric Company (United States), Philips Lighting NV (Netherlands), Eaton Corporation PL (Ireland), Honeywell International Inc. (United States), Wolfspeed (United States), Acuity Brands Inc. (United States), Lutron Electronics Co. Inc. (United States), Leviton Manufacturing Company Inc. (United States), Zumtobel AG (Austria) and Infineon Technologies (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Digital Lumens Inc. (United States) and Enlighted Inc (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Intelligent Lighting Controls market by Type , by Application (Commercial Buildings, Residential Buildings, Public Utilities and Others) and Region with country level break-up.
On the basis of geography, the market of Intelligent Lighting Controls 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).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
On October 26, 2023, Signify announced the acquisition of Smartmatic Interactive Solutions, a provider of smart building solutions, including lighting controls. This move strengthens Signify's position in the connected lighting market.
On December 5, 2023, Leviton introduced its Decora Smart Wi-Fi Dimmer with Occupancy Sensor, offering hands-free dimming and automatic light control based on room occupancy.
Influencing Trend:
Implementation in Smart Homes
Market Growth Drivers:
Increasing Penetration of LED Bulbs and Lightings Globally, Growing Modernization and Infrastructural Development and Increase in Government Initiatives Towards Energy Saving
Challenges:
High Competition among Established Players
Restraints:
High Cost of Implementation
Opportunities:
Emerging Smart City Projects in Developing Economies and Growing Inclination Towards Energy-Efficient Lighting Solutions
Key Target Audience
Manufacturers of Intelligent Lighting Controls, Suppliers of Intelligent Lighting Controls, Technology Providers, Software Providers, Potential Investors and Others