About Lighting Management System
The lighting management system is a perfect combination of technologies such as cloud computing, GPRS, internet and power line communication, etc. The emergence of the internet of things in the lighting and energy industry to manage the urban lighting system remotely. A lighting management system helps to make significant contributions to energy conservation propelling the growth of the market. Key players are focused on innovation in the system, for example, Leviton announced an expanded version of the My Leviton app to consolidate control of the Leviton Load Center and Decora Smart™ Wi-Fi product lines which enables users to schedule, monitor and receive notifications in real-time for state-of-the-art residential electrical system management.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 14.1% |
The global lighting management system market is fragmented with key players such as Schneider Electric SE, General Electric Corporation, etc. and are mainly focused on the innovation in products and merger and acquisition with other players. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Lighting Management System market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Schneider Electric SE (France), General Electric Corporation (United States), OSRAM Licht AG (Germany), Eaton Corporation (Ireland), Siemens AG (Germany), LG Electronics (South Korea), Legrand (France), Koninklijke Philips N.V (Netherlands), Lutron Electronics Co. Inc (United States) and Leviton Manufacturing Co., Inc.(United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Ideal Industries Inc. (United States) and Honeywell International Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Lighting Management System market by Type (Daylight Sensors, Occupancy Sensors, Programmable Ballasts, User Interfaces and Others), Application (Residential, Commercial, Industrial and Others) and Region.
On the basis of geography, the market of Lighting Management 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, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Installation, the sub-segment i.e. New Installation will boost the Lighting Management System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Adoption of IoT in Lighting system
Market Growth Drivers:
Growing Modernization And Infrastructural Development in Developing Countries and Increasing Investment in the Development of Technologies for Energy Saving and Efficiency Globally
Challenges:
The Dearth of Technical Handling Knowledge
Restraints:
High Initial and Maintenance Cost of Lighting Management System
Opportunities:
Rising Number of Smart Cities in Emerging Region and Government Initiative towards Energy Efficiency
Market Leaders and their expansionary development strategies
In February 2023, Lumos Controls, the smart lighting control solution from WiSilica, has announced a strategic partnership with LK Engineering. The company is a leading supplier of lighting, IoT solutions, electrical equipment, smart city and building management systems, in Vietnam, Cambodia, Laos, and Myanmar. Through this strategic alliance, the building community in Indo-China will have access to world-class and cost-effective smart lighting control solutions that will support their efforts to achieve sustainability goals.
In January 2023, Crestron just announced its first LED lighting partner, Savage Marine, in a unique partnership bringing the power of the Crestron Home® OS tunable lighting solutions and our DMX-C LED lighting driver to the Savage Marine line of fixtures. The partnership creates a highly customizable, easy-to-install and maintain lighting control solution for superyachts — a space where enhancing personalization through new technology is always a top request.
Key Target Audience
Lighting Management Systems Developer, Lighting Management Systems Third-Party Players, Security Solution Providers, Government Regulatory Bodies, Potential Technology Investors 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.