Lighting control systems is a technology which provides high energy efficiency and better control by reducing the power consumption in lighting applications. It is an intellectual system based electronic system with a capability to control or regulate the level, pattern or quality of lighting as per the user requisite. Moreover, lighting control system enables consumers to control the luminance intensities of lighting as per ambiance, infrastructure, intensity of daylight, and others such as physical presence and occupancy.
The rapid developments and proliferation of technologies especially in internet of things (IoT applications) are leading to the large number of products for home automation. In addition, lighting control system vendors are developing advance solutions to enhance their offerings to attain high quality customer experience. The growing technological and infrastructural developments, and penetration of advance solutions across the world especially, in emerging economies, are offering prominent opportunities for lighting control system solutions.
The global lighting control system market is witnessing growth owing to the factors such as high growing adoption of Internet of Things (IoT) in lighting industry, modernization and infrastructure development and increase in need for energy-efficient lighting control and management systems. Apart from this, acceptance of standard rules for lighting control is also a major factor which is anticipated to drive the demand for lighting control system in forthcoming years.
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However, high initial cost of lighting systems is a major challenge in the large-scale adoption of lighting control systems. The residential sector might see less implementation of lighting control system due to the high deployment cost associated with it. Besides this, privacy and security concerns in IoT-based lighting systems and lack of awareness about payback periods are also the major factors which anticipated to hinder the growth of this market.
Development of wireless communication technologies and rise of the smart cities revolution are the major factors which is expected to create huge opportunities for the global lighting control system market. Furthermore, the usage of wireless technologies such as ZigBee, Wi-Fi, and Bluetooth are also fueling the growth of this market. However, limited standardized regulatory policies in the energy sector is one of the major challenge for this market.
North America is expected to emerge as the leading regional lighting control system market and is anticipated to continue its supremacy over the forecast period. This is primarily due to the growing adoption and penetration of lighting control systems across the region, with an aim to reduce energy consumption and carbon footprint. High expenditure capacity of the commercial and industrial sectors for energy-saving equipment is also impelling the growth of this market. However, Europe and Asia pacific are estimated to be among the potential regions lighting control system market in forthcoming years.
The global lighting control system can be segmented on the basis of technology, component and application. By technology, the global market is segmented into Wi-Fi, Bluetooth, programmable logic controller (PLC), power over ethernet (POE), ZigBee and other. Based on component the market is segmented into hardware, software and services. The hardware segment is further categorized into dimmers, switches, LED divers, sensors and other.
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Likewise, the software segment is further categorized into web based and cloud based. Furthermore, the services segment is bifurcated into maintenance services, professional services, and managed services. Based on application, the global lighting control system is segmented into roadways, industrial, railways, commercial, residential, highways and others.
The major players in the global lighting control system market includes General Electric Company, Koninklijke Philips N.V., OSRAM Licht AG, Belkin International, Inc., Cree, Inc., Eaton Corporation, Lightwave PLC, LiFI Labs, Inc., Honeywell International, Inc., Lutron Electronics Company, Inc., Acuity Brands Lighting, Inc., Elgato Systems, LSI Industries Inc., Leviton Manufacturing Company, Inc., Hubbell Incorporated and Douglas Lighting Controls.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
