Intelligent Lighting Controls Market
PUBLISHED: 2023 ID: SMRC22658
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Intelligent Lighting Controls Market

Intelligent Lighting Controls Market Forecasts to 2028 - Global Analysis By Type (Sensors, Ballasts, Micro Controllers, Integrated Controls, Voice Controllers, Timers, Dimmers, Transmitters & Receivers, LED Drivers, Switch Actuators, Relay Units, Gateways, Occupancy Detectors and Other Types), Connectivity (Wired and Wireless), Application, End User and By Geography

4.8 (46 reviews)
4.8 (46 reviews)
Published: 2023 ID: SMRC22658

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $12.11 BN

Projected Year Value (2028)

US $31.73 BN

CAGR (2022 - 2028)

17.41%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

Asia Pacific


According to Stratistics MRC, the Global Intelligent Lighting Controls Market is accounted for $12.11 billion in 2022 and is expected to reach $31.73 billion by 2028 growing at a CAGR of 17.41% during the forecast period. Intelligent lighting control system is an automated technology using a network of linked lighting fixtures to regulate illumination. Intelligent lighting control solutions increase performance, customer value, and energy savings. The intelligent lighting controls consist of various components that include sensors, ballasts & LED drivers, dimmers & switch actuators, microcontrollers, transmitters & receivers, and intelligent luminaries. These systems have numerous applications across diverse verticals, including aircraft, cars, home appliances, and many other systems.

According to the United Nations Human Settlements Program, cities consume 78% of the world's energy and Philips also predicted that by 2050, 66% of the population may live in cities, due to urbanization.



Market Dynamics:

Driver:


Increasing smart city projects


The importance of reducing carbon footprint has increased gradually in recent years, which has greatly accelerated the development of smart city initiatives. Intelligent lighting controls are being installed in parking lots, electric car charging stations, and traffic lights. It offers the data and network infrastructure needed to interface with (web-based) management systems. These features are profiting the market growth.

Restraint:

Systems can be unreliable

Signal interference can occasionally occur on a wireless network, weakening radio signals and impacting overall data transmission performance. They require more care, even if it's only routine battery replacement. The user may start to lose confidence in the lighting system and complain that it is unreliable or erratic. These prospects hinder the overall growth of the market.

Opportunity:

Government regulations

Governments in several areas have created rules to efficiently use and control power use. China's five-year plan objectives for energy efficiency projects and European 2020 energy targets are examples of the rules put in place by the relevant authorities. Government raised initiatives towards energy saving schemes. Throughout the anticipated period, the usage of intelligent lighting controls would propel as a result of such legislations.

Threat:

High initial installation cost

The main obstacle to early adoption of smart lighting controls systems is their high initial installation costs. Connected lighting controls are difficult to use and frequently exceed budgets in terms of time and rework. Automation of lighting results in increased cost savings together with increased energy savings. Because to their dependability and inter connectedness, they are expensive to install from the ground up which is hampering the market expansion.

Covid-19 Impact

The covid-19 epidemic had an impact on every industry globally. Workers at factories that produce LEDs and other parts for lighting fixtures have been told to stay at home. As one might anticipate, this has had a significant influence on the supply chain for the lighting business. Production has essentially stopped in several areas due to a lack of key parts. The unexpected loss of income led to a rise in light prices. After the epidemic, the market is beginning to reclaim its position.

The wireless segment is expected to be the largest during the forecast period

The wireless segment is estimated to have a lucrative growth, due to its infinitely scalability and cost-effectiveness. Wireless enables a wider range of distance. The wireless lighting control system may be programmed with any on/off schedules, as well as brightness and dimmer adjustments for specified times of day. Also, this helps save energy and electric costs which are driving the growth of the segment.

The smart cities segment is expected to have the highest CAGR during the forecast period

The smart cities segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its accurate actual power consumption. Smart cities can have automated, intelligent illumination due to advanced lighting control systems. Intelligent lighting control systems can helps to conserve energy and money. It lowers energy and maintenance costs. These aspects are fuelling the segment’s growth.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to its supportive government initiatives. The local administration has launched a number of efforts to reduce CO2 emissions and encourage effective power management and use. Also, as smart cities and manufacturing sectors are developing in this region, they choose intelligent lighting for its cost effectiveness which is benefiting the market in this region.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to its technological advancements. Numerous improvements are occurring in several different fields in this region. In addition, when linked lighting systems become more widely used in developing nations, huge expense reductions are made possible through optimum energy use. These factors are raising the market demand in this region.



Key players in the market

Some of the key players profiled in the Intelligent Lighting Controls Market include General Electric Company, Honeywell International Inc, Hubbell Incorporated, Texas Instruments Incorporated, Toshiba Corporation, Taiwan Semiconductor, Leviton Manufacturing Co, Cisco Systems Inc., Lutron Electronics Co, Infineon Technologies, Panasonic Corporation, Signify Holdings, Schneider Electric SE, Acuity Brands Inc, ams-OSRAM AG, Control4 Corporation, Enlighted Inc, Koninklijke Philips, Eaton Corporation PLC and Legrand SA.

Key Developments:

In September 2022, Panasonic Corporation, a leading diversified technology company has announced 'The Festival of Life' offer for consumers and launched a wide range of 20 new consumer appliances.

In May 2022, Koninklijke Philips PHG announced several new innovative additions to its existing healthcare solutions portfolio. The new additions include ultra-low contrast percutaneous coronary intervention (ULC-PCI), Dynamic Coronary Roadmap Software, EchoNavigator 2.0, iFR Co-registration and IVUS Co-registration.

In May 2022, General Electrics announced the launch of Lifespan, a new digital product portfolio enabling customers to optimize renewable asset performance and operations across their fleet. The Lifespan suite of products are fully integrated, technology agnostic, and were designed side-by-side with operators to drive improved operations.

Types Covered:
• Sensors
• Ballasts
• Micro Controllers
• Integrated Controls
• Voice Controllers
• Timers
• Dimmers
• Transmitters & Receivers
• LED Drivers
• Switch Actuators
• Relay Units
• Gateways
• Occupancy Detectors
• Other Types

Connectivitys Covered:
• Wired
• Wireless

Applications Covered:
• Indoor
• Outdoor

End Users Covered:
• Commercial Buildings
• Residential Buildings
• Public Utilities
• Smart Cities
• Automotive
• Manufacturing
• Media & Entertainment
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
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 2020, 2021, 2022, 2025, and 2028
- 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

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
 

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Intelligent Lighting Controls Market, By Type
5.1 Introduction
5.2 Sensors
5.3 Ballasts
5.4 Micro Controllers
5.5 Integrated Controls
5.6 Voice Controllers
5.7 Timers
5.8 Dimmers
5.9 Transmitters & Receivers
5.10 LED Drivers
5.11 Switch Actuators
5.12 Relay Units
5.13 Gateways
5.14 Occupancy Detectors
5.15 Other Types

6 Global Intelligent Lighting Controls Market, By Connectivity
6.1 Introduction
6.2 Wired
6.3 Wireless

7 Global Intelligent Lighting Controls Market, By Application
7.1 Introduction
7.2 Indoor
7.3 Outdoor

8 Global Intelligent Lighting Controls Market, By End User
8.1 Introduction
8.2 Commercial Buildings
8.3 Residential Buildings
8.4 Public Utilities
8.5 Smart Cities
8.6 Automotive
8.7 Manufacturing
8.8 Media & Entertainment
8.9 Other End Users

9 Global Intelligent Lighting Controls Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa

10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies

11 Company Profiling
11.1 General Electric Company
11.2 Honeywell International Inc
11.3 Hubbell Incorporated
11.4 Texas Instruments Incorporated
11.5 Toshiba Corporation
11.6 Taiwan Semiconductor
11.7 Leviton Manufacturing Co
11.8 Cisco Systems Inc.
11.9 Lutron Electronics Co
11.10 Infineon Technologies
11.11 Panasonic Corporation
11.12 Signify Holdings
11.11 Schneider Electric SE
11.14 Acuity Brands Inc
11.15 ams-OSRAM AG
11.16 Control4 Corporation
11.17 Enlighted Inc
11.18 Koninklijke Philips
11.19 Eaton Corporation PLC
11.20 Legrand SA

List of Tables
1 Global Intelligent Lighting Controls Market Outlook, By Region (2020-2028) ($MN)
2 Global Intelligent Lighting Controls Market Outlook, By Type (2020-2028) ($MN)
3 Global Intelligent Lighting Controls Market Outlook, By Sensors (2020-2028) ($MN)
4 Global Intelligent Lighting Controls Market Outlook, By Ballasts (2020-2028) ($MN)
5 Global Intelligent Lighting Controls Market Outlook, By Micro Controllers (2020-2028) ($MN)
6 Global Intelligent Lighting Controls Market Outlook, By Integrated Controls (2020-2028) ($MN)
7 Global Intelligent Lighting Controls Market Outlook, By Voice Controllers (2020-2028) ($MN)
8 Global Intelligent Lighting Controls Market Outlook, By Timers (2020-2028) ($MN)
9 Global Intelligent Lighting Controls Market Outlook, By Dimmers (2020-2028) ($MN)
10 Global Intelligent Lighting Controls Market Outlook, By Transmitters & Receivers (2020-2028) ($MN)
11 Global Intelligent Lighting Controls Market Outlook, By LED Drivers (2020-2028) ($MN)
12 Global Intelligent Lighting Controls Market Outlook, By Switch Actuators (2020-2028) ($MN)
13 Global Intelligent Lighting Controls Market Outlook, By Relay Units (2020-2028) ($MN)
14 Global Intelligent Lighting Controls Market Outlook, By Gateways (2020-2028) ($MN)
15 Global Intelligent Lighting Controls Market Outlook, By Occupancy Detectors (2020-2028) ($MN)
16 Global Intelligent Lighting Controls Market Outlook, By Other Types (2020-2028) ($MN)
17 Global Intelligent Lighting Controls Market Outlook, By Connectivity (2020-2028) ($MN)
18 Global Intelligent Lighting Controls Market Outlook, By Wired (2020-2028) ($MN)
19 Global Intelligent Lighting Controls Market Outlook, By Wireless (2020-2028) ($MN)
20 Global Intelligent Lighting Controls Market Outlook, By Application (2020-2028) ($MN)
21 Global Intelligent Lighting Controls Market Outlook, By Indoor (2020-2028) ($MN)
22 Global Intelligent Lighting Controls Market Outlook, By Outdoor (2020-2028) ($MN)
23 Global Intelligent Lighting Controls Market Outlook, By End User (2020-2028) ($MN)
24 Global Intelligent Lighting Controls Market Outlook, By Commercial Buildings (2020-2028) ($MN)
25 Global Intelligent Lighting Controls Market Outlook, By Residential Buildings (2020-2028) ($MN)
26 Global Intelligent Lighting Controls Market Outlook, By Public Utilities (2020-2028) ($MN)
27 Global Intelligent Lighting Controls Market Outlook, By Smart Cities (2020-2028) ($MN)
28 Global Intelligent Lighting Controls Market Outlook, By Automotive (2020-2028) ($MN)
29 Global Intelligent Lighting Controls Market Outlook, By Manufacturing (2020-2028) ($MN)
30 Global Intelligent Lighting Controls Market Outlook, By Media & Entertainment (2020-2028) ($MN)
31 Global Intelligent Lighting Controls Market Outlook, By Other End Users (2020-2028) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
 

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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