Report Code: A12534 | Pages: 350 | ||
Tables: 158 | Charts: 88 |
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The global luminaire and lighting control market size is expected to reach $130.56 billion by 2030 from $72.72 billion in 2020, growing at a CAGR of 6.44% from 2021 to 2030.
The commercial sector impacted negatively, due to COVID-19 Pandemic.
Luminaire and lighting control refers to a control strategy where each luminaire and control in is independent from every other and can therefore, maximize incremental control within very small areas.
Lighting control system is an automated technology that comprises multiple lighting fixtures connected in a network to control lighting. Lighting control improves energy efficiency, performance, and customer value. These systems have numerous applications across diverse verticals, which include aircrafts, automobiles, home appliances, and many other systems. Luminaire is a complete lighting unit, consisting of one or more lamps, along with the socket and other parts that hold the lamp in place and protect it. These fixtures are electrically or battery powered with a control switch, attached either to lamp body or to a power cable.
Lighting controls have been increasingly adopted in an effort to reduce energy consumption. Moreover, increase in awareness about energy management has fostered the luminaire and lighting control market growth. In addition, government regulations on the use of energy-efficient products boost the growth of the market. The introduction of low-price sensors and plummeting prices of LED products is expected to minimize the cost of installation; thereby, creating numerous growth opportunities for the lighting controls market.
The global luminaire and lighting control market size is anticipated to witness significant growth during the forecast period. Factors, such as increasing demand of street and roadways lighting, high development of smart lighting system, and government initiatives toward energy saving products drive the luminaire and lighting control market growth. Smart lighting solutions are expected to provide huge momentum in the process of building smart cities. Smart lighting addresses sustainable development challenges successfully, thereby creating lucrative opportunities for the luminaire and lighting controls market. However, high initial installation cost is a major restraint to the global market growth. In addition, surging development of smart city projects in Asia-Pacific is expected to create opportunities for the luminaire and lighting control industry. The governments have played a major role in smart city project through its regulations and initiatives and focused on deployment of smart services as a major part of their infrastructure.
The global luminaire and lighting control market share is segmented on the basis of product, component, light, technology, application, and region. By product, the market is bifurcated into luminaire and lighting control. By component, it is divided into hardware, software, and services. On the basis of light, it is segregated into LED, halogen, fluorescent, HID, and others. By technology, it is fragmented into wired and wireless. The wireless segment is further sub-segmented into Wi-Fi, Bluetooth, ZigBee, others. Depending on application, it is separated into indoor and outdoor. The indoor segment is further sub segmented into residential, commercial, and industrial. The commercial is further sub segmented into offices, restaurants and hotels, healthcare facilities, educational institutions, and others.
Region-wise, the luminaire and lighting control market trends are analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). North America is dominating the market, due to an increase in adoption of enhanced technologies in smart infrastructure.
The prominent factors that impact the luminaire and lighting control market growth are increasing demand of street and roadways lighting, high development of smart lighting system, and government initiatives toward energy saving product. However, high initial installation cost restricts the market growth. On the contrary, surging development of smart city projects in Asia-Pacific is expected to create lucrative opportunities for the market. Therefore, these factors are expected to definitely affect global luminaire and lighting control industry during the forecast period.
Competitive analysis and profiles of the major luminaire and lighting control market players, such as Acuity Brands, Inc. (Georgia), Cree, Inc. (U.S.), Eaton Corporation (U.S.), General Electric (U.S.), OSRAM AG (Germany), Philips N.V. (The Netherlands), Dialight (UK), Legrand S.A. (France), Lutron Electronics Co., Inc (U.S.), and Hubbell Incorporated (U.S.), are focusing their investment on technologically advanced, cost-effective, and more secure products and solutions for various applications.
Covid-19 Impact Analysis
Key Benefits For Stakeholders
Key Market Segments
By Product
By Component
By Light
By Technology
By Application
By Region
Key Players
Luminaire and Lighting Control Market Report Highlights
Aspects | Details |
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By Product |
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By Component |
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By Light |
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By Technology |
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By Application |
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By Region |
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Key Market Players | OSRAM LICHT AG, DIALIGHT, GENERAL ELECTRIC COMPANY, ACUITY BRANDS, INC., CREE, INC., LEGRAND S.A., EATON CORPORATION, KONINKLIJKE PHILIPS N.V., .LUTRON ELECTRONICS CO, HUBBEL INCORPORATED |
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According to the insights of the CXOs of leading companies, the luminaire and lighting controls market holds high potential in the smart building & smart home. The current business scenario experiences rapid development in smart infrastructure and lighting leading to readiness to adopt connectivity type, particularly in the developed and developing regions such as North America, Asia-Pacific, and Europe. Companies in this industry adopt various innovative techniques to provide customers with advanced and innovative features.
Asia-Pacific is the leading supplier of raw materials for manufacturing of smart control systems across the globe. Also, Asia-Pacific has witnessed a wide-scale adoption of these systems in the recent years, owing to their increasing demand across various smart building & smart home sectors such as retail, hospitals, automotive, and manufacturing. Companies operating in the luminaire and lighting controls market have a robust supply chain network owing to the high penetration of local players in this market.
The key players of the market focus on introducing technologically advanced products to remain competitive in the market. Product launch, agreement, collaboration, and partnership are expected to be the prominent strategies adopted by the market players.
A. The Luminaire and Lighting Control Market is estimated to grow at a CAGR of 6.44% from 2021 to 2030.
A. The Luminaire and Lighting Control Market is projected to reach $130.56 Billion by 2030.
A. To get the latest version of sample report
A. Increasing demand of street and roadways lighting, high development of smart lighting system, and government initiatives toward energy saving products are the prime factors that drive growth of the Luminaire and Lighting Control Market.
A. The key players profiled in the report include Acuity Brands, Inc. (Georgia), Cree, Inc. (U.S.), Eaton Corporation (U.S.), General Electric (U.S.), OSRAM AG (Germany), Philips N.V. (The Netherlands), Dialight (UK), Legrand S.A. (France), Lutron Electronics Co., Inc (U.S.), and Hubbell Incorporated (U.S.)
A. On the basis of top growing big corporations, we select top 10 players.
A. The Luminaire and Lighting Control Market is segmented on the basis of product, component, light, technology, application, and region.
A. A. The key growth strategies of Luminaire and Lighting Control Market players include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations.
A. Hardware segment accounted for the maximum revenue and is projected to grow at a notable CAGR.
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