Intelligent Lighting Controls Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

A lighting control system is an intelligent network-based lighting control solution that includes communication between various lighting control system inputs and outputs via one or more central computing devices. Lighting control systems are widely used in commercial, industrial, and residential settings for both indoor and outdoor lighting. Globally, the overall demand for intelligent lighting control solutions is on a rise, with countries around the global are modernizing their infrastructure and investing heavily in smart city development. Growing urbanization, need for efficient management and utilization of resources, demand for fast and efficient transport and commuting, public safety concerns, and increasing demand for a healthy environment with efficient energy consumption are major factors driving the growth of the Smart Cities across the globe. Thus, creating significant opportunities for the global intelligent lighting controls market growth.
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According to UnivDatos Market Insights (UMI)’ research report “Intelligent Lighting Controls Market”, The Intelligent Lighting Controls market is predicted to grow at a CAGR of ~15% between 2021 and 2027. This is attributed to the rising demand for intelligent lighting controls system for integration in smart cities and modernization of industrial and commercial infrastructure. Furthermore, growing demand for efficient energy utilization, combined with an increase in the installation of plug-and-play installation systems, will drive market growth. In addition, major smart city projects were announced by major developed and developing nations including China and India. Moreover, with the rise of the Fourth Industrial Revolution and related technologies such as AI, IoT, and big data coupled with bold government policies and initiatives to incorporate the smart technologies such as intelligent lighting controls system. Thus, with rapid urbanization occurring primarily in developing countries, city growth and economic development are strongly intertwined.

Based on Connectivity Type, the Intelligent Lighting Controls Market is bifurcated into wired and wireless. During the forecast period, wireless category to grow at a fastest CAGR owing to increase in implementation of connected street lights in urban areas, growing government initiatives and increased development of smart cities. In addition, efficient lighting techniques and increased awareness of energy conservation is attracting attention from players operating in the wireless connected lighting solutions.

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Based on Type, the market is categorized into Sensors, Ballast & LED Drivers, Microcontrollers, Dimmers & Switch Actuators, Transmitters & Receivers, and Others. Among these, ballast & LED Drives are expected to witness strong growth rate during the forecast period. This is mainly due to the growing steps and initiative regarding efficient utilization of energy with reduced wastage of electricity consumption with Intelligent lighting control solutions.

Based on Application, the Intelligent Lighting Controls Market has been bifurcated into Smart Cities, Automotive, Manufacturing, Media & Entertainment, and Others. Among these, Smart cities category to hold significant share during the forecast period. This is mainly due to rising consumer awareness of energy management and a growing government emphasis on efficient electricity consumption. Furthermore, the increase in the number of smart city projects across developing economies will have a positive impact on the market's progression.

Asia-Pacific is expected to witness highest growth

Based on regions, the report provides detailed analysis for overall demand of Intelligent Lighting Controls for major regions including North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. During the forecast period, APAC region is expected to witness significant growth owing to owing to the rising need for resource management due to overpopulation and dynamic shift in urban sprawl, coupled with the economic growth of megacities in the emerging economies of the region.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Intelligent Lighting Controls Market Schneider Electric SE, Acuity Brands Inc., Cisco Systems Inc., Eaton Corporation, General Electric Company, Honeywell International Inc., ams-OSRAM AG, Panasonic Corporation, Signify N.V., and Siemens AG. These companies are investing heavily on Intelligent Lighting Controls to increase their customer base.

§  In March - Hubbell Control Solutions launched a new and improved NX Distributed Intelligence Lighting Control Panel (NXP2 Series) that centralizes connection points in an enclosure providing an installer-friendly solution that reduces time and costs to deploy code compliant-lighting control. The new NX Panel wil lsupport various internal and external lighting applications, including commercial, retail, education, industrial, and parking, and site lighting.

 “Intelligent Lighting Controls Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on different parameters. This will help companies in the formulation of go to market strategies and identifying the blue ocean for its offerings.  

Market Segmentation:

1.      By Connectivity Type(Wired and Wireless)

2.      By Type (Sensors, Ballast & LED Drivers, Microcontrollers, Dimmers & Switch Actuators, Transmitters & Receivers, and Others)

3.      By Application (Smart Cities, Automotive, Manufacturing, Media & Entertainment, and Others)

4.      By Region (North America, Europe, Asia-Pacific, Rest of World)

5.      By Company (Schneider Electric SE, Acuity Brands Inc., Cisco Systems Inc., Eaton Corporation, General Electric Company, Honeywell International Inc., ams-OSRAM AG, Panasonic Corporation, Signify N.V., and Siemens AG)

Key questions answered in the study:

1.      What are the current and future trends of the Intelligent Lighting Controls industry?

2.      How the industry has been evolving in terms of end-user demand and product category?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the Intelligent Lighting Controls industry?

5.     What is the customer orientation, purchase behavior, and expectations from the Intelligent Lighting Controls suppliers across various countries?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 INTELLIGENT LIGHTING CONTROLS MARKET COVID-19 IMPACT

6 INTELLIGENT LIGHTING CONTROLS MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY CONNECTIVITY TYPE

8 MARKET INSIGHTS BY TYPE

9 MARKET INSIGHTS BY APPLICATION

10 MARKET INSIGHTS BY REGION

11 INTELLIGENT LIGHTING CONTROLS MARKET DYNAMICS

12 INTELLIGENT LIGHTING CONTROLS MARKET OPPORTUNITIES

13 INTELLIGENT LIGHTING CONTROLS MARKET TRENDS

14 DEMAND AND SUPPLY SIDE ANALYSIS

15 VALUE CHAIN ANALYSIS

16 COMPETITIVE SCENARIO

17 COMPANY PROFILED

18 DISCLAIMER

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