Smart Lighting and Control Systems - Global Strategic Business Report

The global market for Smart Lighting and Control Systems was valued at US$62.9 Billion in 2024 and is projected to reach US$172.0 Billion by 2030, growing at a CAGR of 18.3% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Global Smart Lighting and Control Systems Market - Key Trends & Drivers Summarized

Smart lighting and control systems have revolutionized the way we manage lighting in both residential and commercial spaces. These systems integrate advanced technologies such as sensors, wireless communication, and IoT to provide automated and energy-efficient lighting solutions. Smart lighting allows users to control lights remotely, adjust brightness levels, and create customized lighting schedules through mobile apps or voice commands. This technology not only enhances convenience but also contributes to significant energy savings and improved lighting quality.

The components of smart lighting systems include smart bulbs, motion detectors, light dimmers, and central control units. These elements work together to provide dynamic lighting solutions that can adapt to the occupants' needs and preferences. In commercial settings, smart lighting is used to optimize energy consumption by adjusting light levels based on occupancy and natural light availability. In residential spaces, these systems offer enhanced security features, such as automated lighting schedules that simulate occupancy when the home is vacant. The integration of smart lighting with other smart home devices, such as thermostats and security systems, further amplifies its benefits.

The growth in the smart lighting and control systems market is driven by several factors. The increasing adoption of IoT and smart home technologies has significantly boosted the demand for smart lighting solutions. Technological advancements, such as the development of energy-efficient LED bulbs and advanced wireless communication protocols, have made smart lighting more accessible and affordable. The growing awareness of energy conservation and the need to reduce carbon footprints have led both consumers and businesses to invest in smart lighting systems. Government initiatives promoting energy-efficient lighting solutions and the development of smart cities are also major drivers. Additionally, the increasing trend of home automation and the integration of smart lighting with other home control systems are further propelling market growth.

Scope of the Study

The report analyzes the Smart Lighting and Control Systems market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.

Segments:

Lighting Source (Light Emitting Diodes (LEDs), Fluorescent Lamps, Other Lighting Sources); Connectivity (Wired, Wireless); Application (Commercial, Industrial, Government, Residential).

Geographic Regions/Countries:

World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Rest of Europe; Asia-Pacific; Latin America; Rest of World.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Light Emitting Diodes (LEDs) segment, which is expected to reach US$131.6 Billion by 2030 with a CAGR of a 21.4%. The Fluorescent Lamps segment is also set to grow at 6.8% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $13.4 Billion in 2024, and China, forecasted to grow at an impressive 22.4% CAGR to reach $26.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as ABB Ltd., Belkin international, Inc., Delta Electronics, Inc., Crestron Electronics, Inc., Acuity Brands Lighting Inc. and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Smart Lighting and Control Systems Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Smart Lighting and Control Systems Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Smart Lighting and Control Systems Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Some of the 97 major companies featured in this Smart Lighting and Control Systems market report include:

• ABB Ltd.
• Belkin international, Inc.
• Delta Electronics, Inc.
• Crestron Electronics, Inc.
• Acuity Brands Lighting Inc.
• Control4 Corporation
• Bridgelux, Inc.
• Deco Lighting, Inc.
• Cooper Lighting, LLC
• Cree Lighting
• Advanced Solutions Nederland B.V.
• Deako
• Ario Inc.
• CareOS
• Casambi Technologies Oy / Inc.