The global market for Smart Lighting and Control Systems is estimated at US$53.2 Billion in 2023 and is projected to reach US$172.0 Billion by 2030, growing at a CAGR of 18.3% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
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.
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.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Wired Smart Lighting and Control Systems segment, which is expected to reach US$94.5 Billion by 2030 with a CAGR of a 15.4%. The Wireless Smart Lighting and Control Systems segment is also set to grow at 22.2% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $11.5 Billion in 2023, and China, forecasted to grow at an impressive 22.4% CAGR to reach $26.6 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Smart Lighting and Control Systems Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Smart Lighting and Control Systems Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Smart Lighting and Control Systems Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 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., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 97 Featured):
- 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.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYREST OF EUROPEIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
LATIN AMERICA
REST OF WORLD
Companies Mentioned
- 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.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 517 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 53.2 Billion |
| Forecasted Market Value ( USD | $ 172 Billion |
| Compound Annual Growth Rate | 18.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
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