Lighting Control System Market (By Component: Hardware, Software; By Communication Protocol Type: Wired, Wireless; By End-User: Commercial Building, Residential Building, Public Utilities) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2015 - 2026

The global lighting control system market size is expected to worth around US$ 41.1 Bn by 2026, growing at a CAGR of 12.7% over the forecast period 2019 to 2026.

A lighting control system is an intellectual network that is based on a lighting control solution system that unites communication between several system inputs and outputs associated with lighting control with the use of single or added additionally central computing devices. Lighting control systems are generally used on both indoor and outdoor lighting of commercial, public utilities, and residential spaces. This system is served to provide the right amount of quantity of light when, where and how it will be required.

Market Dynamics

Lighting control systems are mostly used for engaging to maximize the energy or light savings devices from the lighting system, content office block codes, or act in accordance with green buildings and energy conservation curriculums. Lighting control systems are often referred to under the term smart lighting and minimizing the cost of lighting. The lighting control system is also used to increase in global efforts to boost the market growth in infrastructure by upgrading designing, cost-efficient that related to this system, mostly in buildings that used for residential, commercial purposes or public utilities, is a driving factor for the dominance of the market for new installations in the growth.

The improvement in the association and advancements in technology solutions has increased the acceptance of smart lighting control systems in the global market. There are wireless technologies such as Bluetooth, have made new fittings of smart lighting controlling system continuous across the globe.

Based on component, hardware dominated the lighting control system market

Based on the component, the market has been segmented into hardware and software. Hardware is further divided into LED drivers & ballasts, sensors, switches, dimmers & switches, relay units, and gateway. The hardware accounts of the largest share in the market and are expected to grow at the highest CAGR during the forecast period.

LED drivers and ballast components held a major share of the market for hardware components. As increasing in the demand for energy-saving or light saving in lighting control systems is a key driving factor for the market for hardware. The manufacturers are mainly investing in the development of light saving material as a lighting control system, which expected the lead the market in the coming years. LED drivers provide high barriers, cost efficiency, durable and temperature resistance.

Based on end-user, the commercial building segment is expected to dominate during the forecast period

Based on end-user, the market has been segmented into residential building, commercial building, and public utilities. The commercial building segment accounts for the largest share in the market in 2018 owing to rising demand in new installations and an increase in concerns regarding environmental safety. Foremost, the increase in global efforts in infrastructure improvement related workings, mostly in buildings that used for commercial purposes, is a driving factor for the dominance of the market by new installations. This expected to enhance the dominance of the end user segment in the global market over the forecast period.

The market research study on “Lighting Control System Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026”,offers a detailed insight into the global lighting control system market entailing insights on its different market segments. Market dynamics with drivers, restraints, and opportunities with their impact are provided in the report. The report provides insights into the global lighting control system market, its component, communication protocol type, end-user and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global lighting control system market size and volume, and segment markets by component, communication protocol type, end-user and geography along with the information on companies operating in the market. The lighting control system market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.

In 2018, Asia-Pacific dominated the regional market with a maximum market share

Asia-Pacific accounted for the high market share of the lighting control system market and the region is also expected to maintain its dominance over the forecast period. The rapid consumption of the lighting control systems in terms of size enhanced productivity, and better product value is the major driving factor for the region in the global market. Moreover, the increasing demand for keeping the use of new technology and innovation products and increasing awareness about maintaining among the consumers are expected to enhance the market growth in the global lighting control system market in the future. Moreover, changing lifestyle of consumers, increase in growing GDP, and strong economic growth in countries, such as China, Korea, Thailand, Japan, and India, are expected to enhance the market growth in the global lighting control system market during the forecast.North America is expected to account for the second-largest in the global market during the forecast period. Due to the high adoption of new technological innovations, increasing demands for smart homes, increasing demand for energy efficiency in lighting control system products are expected to enhance the regional market growth in the global lighting control system market during the forecast.

North America is expected to hold the highest CAGR in the global market during the forecast period. The manufacturers are investing in mounting countries to meet the demand for lighting control systems.

The players profiled in the report include Schneider Electric SE, Digital Lumens, Inc., Legrand France SA, Honeywell International, Inc., Zumtobel Group AG, General Electric Company, OSRAM Light AG, Koninklijke Philips N.V., Acuity Brands Lighting Inc.,and Lutron Electronics Co, Inc. The companies are involved in mergers and acquisitions and new product development for expanding their market share and also for gaining competitive advantages over its competitors.

Market Segmentation

Market By Component

Hardware

• LED Drivers and Ballasts
• Sensors
• Switches
• Switches and Dimmers
• Relay Units
• Gateway

Software

• Local/Web Based
• Cloud Based

Market By Communication Protocol Type

• Wired
• Wireless

Market By End-User

• Commercial Building
• Residential Building
• Public Utilities

Market By Geography

North America

• U.S.
• Canada

Europe

• UK
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Mexico
• Brazil
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of MEA