Intelligent Lighting Controls - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Intelligent Lighting Controls accounted for $7.49 billion in 2019 and is expected to reach $30.93 billion by 2027 growing at a CAGR of 19.4% during the forecast period. Increasing household spending, lighting in commercial modernization, and expansion of this technology in smart cities are some key factors influencing the market growth. However, factors such as the high initial installation cost of smart lighting controls system acts are hampering the market growth.
Intelligent lighting control system or ILCS better energy efficiency it reduces energy use and allows temporary and permanent dimming of lighting depending on the nature of work in the particular facility. There are some advanced intelligent lighting systems which can store personalized lighting setting and provide tailored lighting solution in any room or space.
Based on component, the sensors segment held significant market share during the forecast period due to demand for sensors is increasing because of its features like dimming, and long lamp life, which is also anticipated to rise the demand for sensors.
By geography, Asia Pacific is expected to grow at a faster rate due to rise in government investments for developing smart homes in developing countries like China and India. A high rate of production and the consumption of the lighting products in the region are also attracting foreign key players to invest in the country.
Some of the key players in Intelligent Lighting Controls Market include Acuity Brands Inc, Lutron Electronics Co. In, Osram GmbHP, Philips Lighting, Schneider Electric, Honeywell Internationl Inc., Hubbell Incorporated, Legrand, Leviton Manufacturing Co. Inc, LSI Industries Inc, Control4 Corporation, Cree Inc, Eaton Corporation PLC, Enlighted Inc, and General Electric Company.
• Dimmers and Switches Actuators
• Ballasts & Light Emitting Diodes (LED) Drivers
• Intelligent Luminaries
• Microprocessors and Microcontrollers
• Power Controllers
• Relay Units
• Transmitters and Receivers
Connections Types Covered:
• Wired Technology
• Wireless Technology
Light Sources Covered:
• Fluorescent Lamp (FL)
• High Intensity Discharge (HID) Lamps
• Light Emitting Diode (LED)
• Outdoor Application
• Smart Cities
• Public Utilities
• Media & Entertainment
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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