The Global Intelligent Lighting Controls Market size is expected to reach $45.7 billion by 2031, rising at a market growth of 17.6% CAGR during the forecast period.
Many countries in the Asia-Pacific region are experiencing rapid urbanization, leading to increased construction of commercial buildings, residential complexes, and smart cities. These lighting controls are integral to these developments as they offer energy efficiency, enhanced lighting quality, and support for smart city infrastructure. Consequently, the Asia pacific region would acquire nearly 28% of the total market share by 2031.
Energy Management Systems integrate various building systems, including lighting and other energy-consuming devices. Moreover, these controls integrated with EMS enable participation in demand response programs. In conclusion, the rise of energy management systems drives the market's growth. Additionally, Governments and utility providers offer financial incentives, rebates, tax credits, and grants to offset the upfront costs of purchasing and installing these lighting controls. By reducing the initial capital outlay, government incentives improve the return on investment (ROI) and shorten the payback period for investments in these lighting controls. Therefore, government incentives and rebates are driving the growth of the market.
However, the high upfront costs associated with intelligent lighting control systems represent a significant financial barrier for residential and commercial customers. In addition, many consumers and businesses operate within strict budget constraints. The higher costs of these lighting controls can make it challenging to justify the expenditure, especially when competing priorities exist. Hence, high initial costs and installation expenses hinder the market's growth.
Many countries in the Asia-Pacific region are experiencing rapid urbanization, leading to increased construction of commercial buildings, residential complexes, and smart cities. These lighting controls are integral to these developments as they offer energy efficiency, enhanced lighting quality, and support for smart city infrastructure. Consequently, the Asia pacific region would acquire nearly 28% of the total market share by 2031.
Energy Management Systems integrate various building systems, including lighting and other energy-consuming devices. Moreover, these controls integrated with EMS enable participation in demand response programs. In conclusion, the rise of energy management systems drives the market's growth. Additionally, Governments and utility providers offer financial incentives, rebates, tax credits, and grants to offset the upfront costs of purchasing and installing these lighting controls. By reducing the initial capital outlay, government incentives improve the return on investment (ROI) and shorten the payback period for investments in these lighting controls. Therefore, government incentives and rebates are driving the growth of the market.
However, the high upfront costs associated with intelligent lighting control systems represent a significant financial barrier for residential and commercial customers. In addition, many consumers and businesses operate within strict budget constraints. The higher costs of these lighting controls can make it challenging to justify the expenditure, especially when competing priorities exist. Hence, high initial costs and installation expenses hinder the market's growth.
Driving and Restraining Factors
Drivers- Rise of energy management systems
- Increasing government incentives and rebates
- Growing adoption of smart homes and buildings
- High initial costs and installation expenses
- High dependency on reliable connectivity
- Growth in retrofit projects for existing infrastructure
- Adoption in vertical farming and horticulture
- Interoperability with third-party systems
- Heightened data privacy concerns amid increasing data collection
Connectivity Type Outlook
On the basis of connectivity type, the market is segmented into wired and wireless. In 2023, the wireless segment attained 42% revenue share in the market. Wireless systems do not require extensive wiring infrastructure, making installation easier and faster.Type Outlook
Based on type, the market is divided into sensors, ballast & LED drivers, microcontrollers, dimmers & switch actuators, transmitters & receivers, and others. The ballast & LED drivers segment attained 22% revenue share in the market in 2023. The widespread adoption of LED lighting across various applications, such as residential, commercial, industrial, and outdoor lighting, is a major driver.
Application Outlook
By application, the market is classified into smart cities, automotive, manufacturing, media & entertainment, and others. The automotive segment procured 20% revenue share in the market in 2023. Intelligent vehicle lighting systems enhance safety by providing better visibility in various driving conditions, such as low light, inclement weather, or nighttime driving.Regional Outlook
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2023, the North America region witnessed 38% revenue share in the market. North America is known for its early adoption of advanced technologies, including smart building solutions. These lighting controls fit this trend, appealing to businesses, homeowners, and municipalities looking to upgrade their infrastructure with energy-efficient and connected systems.List of Key Companies Profiled
- General Electric Company
- Cree, Inc. (SMART Global Holdings, Inc.)
- Honeywell International Inc.
- Eaton Corporation plc
- Cisco Systems, Inc.
- Siemens AG
- Acuity Brands, Inc.
- ams-OSRAM AG
- Signify N.V.
- Panasonic Holdings Corporation
Market Report Segmentation
By Connectivity Type- Wired
- Wireless
- Sensors
- Ballast & LED Drivers
- Microcontrollers
- Dimmers & Switch Actuators
- Transmitters & Receivers
- Others
- Smart Cities
- Manufacturing
- Automotive
- Media & Entertainment
- Others
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis
Chapter 5. Global Intelligent Lighting Controls Market by Connectivity Type
Chapter 6. Global Intelligent Lighting Controls Market by Type
Chapter 7. Global Intelligent Lighting Controls Market by Application
Chapter 8. Global Intelligent Lighting Controls Market by Region
Chapter 9. Company Profiles
Companies Mentioned
- General Electric Company
- Cree, Inc. (SMART Global Holdings, Inc.)
- Honeywell International Inc.
- Eaton Corporation plc
- Cisco Systems, Inc.
- Siemens AG
- Acuity Brands, Inc.
- ams-OSRAM AG
- Signify N.V.
- Panasonic Holdings Corporation
Methodology
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