About Light Controllers
Light Controllers is a system by a smart network of lighting controls that allows controlling of light in space. It has high growth prospects due to increasing industrial and commercial applications. This growth can be attributed to factors such as rising awareness about safety coupled with the stable growth in the automated lighting solutions and also the rapid developments witnessed in countries such as China, South Korea, and India. Factors such as increasing demand of partnership and merger coupled with rising companies spending on smart lighting systems will provide a positive scope for the product penetration during the forecasted timeframe.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 16.1% |
In Light-Controller Market, it has been observed that most of the companies are upgrading or introducing innovative technologies such as the adoption of the Internet of Things and energy-efficient solutions for better strength, compatibility, and stability. They rely on strategies such as mergers & acquisitions, product development, geographical expansion, technological innovation and sourcing strategies to enhance their market share. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Light 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.
Philips Lighting N.V. (Netherlands), General Electric Company (United States), Legrand S.A.(France), Eaton Corporation (Ireland), Acuity Brands Inc. (United States), OSRAM Licht NG (Germany), Cree, Inc. (United States), Lutron Electronics Co. Inc. (United States) and Leviton Manufacturing Company, Inc. (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Light Controllers market by Type (Switches and Dimmers), Application (Commercial Building, Residence, Factory, Automotive and Utility) and Region.
On the basis of geography, the market of Light 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). North America region held largest market share in the year 2023. If we see Market by Technology, the sub-segment i.e. Bluetooth will boost the Light Controllers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Connection Type, the sub-segment i.e. Wired will boost the Light Controllers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
In the world of technology, with an increasing number of opportunities in the field of IoT in Lighting control solutions boost the building management and energy-efficient in Small and medium scale industries. For instance, eZLO announces to acquired MiOS to accelerate smart home automation solutions. It also accelerates the market for OEMs and B2Bs verticals.
Market Growth Drivers:
Increasing Smart City Projects in Developing Economies and Growing application of LEDs Lights and Luminaires in Outdoor Lighting Applications
Challenges:
Interoperability Issue between Several Networking Components and Lack of Awareness among Customers
Restraints:
High Initial and Deployment Cost Associated With Light Controller and Security and Reliability Problems in Smart Homes
Opportunities:
Upsurge Demand for Energy Efficient Lighting Solutions and Rapid Demand for Smart lighting system at Various Regions
Market Leaders and their expansionary development strategies
In January 2023, Lumos Controls, the smart lighting control solution from WiSilica, is excited to announce its partnership with Tech LED, UK’s trusted supplier of LED lighting solutions for installation and live events. This partnership enables Tech LED to offer easy-to-install and cost-effective wireless lighting controls to its customers. Lumos Controls, in turn benefit from magnifying its presence in the UK and other European lighting markets.
In August 2023, Govee, an innovator in the smart lighting and smart home industry, today announced the newest addition to its line of gaming lights, the Glide Hexagon Light Panels Ultra, will be unveiled at the 2023 League Championship Series (LCS). The flagship product, with triple the lighting power as previous versions, provides gamers with vibrant lighting effects, creating an unparalleled, immersive gaming experience.
Key Target Audience
Light Controllers Manufacturers, End-Use Market Participants of Different Segments of Light Controllers, Government and Research Organizations, R&D Institutions, Associations and Industrial Bodies, 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.