Luminaire and Lighting Control Market

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.

Top Impacting Factors

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. 

Competition Analysis

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

• The COVID-19 pandemic has significantly impacted global economies, resulting in workforce & travel restrictions, supply chain & production disruptions, and reduced demand & spending across many sectors. Sudden decline in infrastructure development and installation projects is expected to hamper the market growth for residential, commercial, and industrial verticals. 
• The luminaire and lighting controls market revenue witnessed dip in its growth rate, owing to delayed construction projects, which led to a substantial impact. However, the demand from the medical industry has accelerated during the pandemic. Furthermore, market players have been investing in R&D of smart lighting system, owing to increasing governmental initiatives across the world. Therefore, the luminaire and lighting control market size is anticipated to gain momentum by the end of 2021. 
• The slowdown in productions by OEMs and reduction in demand for lighting system and other electronics devices has slightly pulled down the market for luminaire and lighting controls. Shortages of components and materials have significantly impacted the global supply chains. In addition, reductions in various capital budgets and delay in planned projects in various industries have hampered the global economy. 

Key Benefits For Stakeholders

• This study comprises analytical depiction of the global luminaire and lighting control market outlook along with the current trends and future estimations to depict the imminent investment pockets.
• The overall luminaire and lighting control market analysis is determined to understand the profitable trends to gain a stronger foothold.
• The report presents information related to key drivers, restraints, and luminaire and lighting control market opportunities with a detailed impact analysis. 
• The current luminaire and lighting control market forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.  
• Porter’s five forces analysis illustrates the potency of the buyers and the luminaire and lighting control market share of key vendors.  
• The report includes the market trends and the revenue share of key vendors.

Key Market Segments

By Product

• Luminaire
• Lighting Control 

By Component

• Hardware
• Software
• Services 

By Light

• LED
• Halogen 
• Fluorescent
• HID
• Others

By Technology

• Wired     
• Wireless    
  • Wi-Fi
  • Bluetooth
  • ZigBee
  • Others

By Application

• Indoor   
  • Residential      
  • Commercial    
    • Offices
    • Restaurants and Hotels
    • Healthcare Facilities
    • Educational Institutions
    • Others
  • Industrial     
• Outdoor

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
• LAMEA
  • Latin America
  • Middle East 
  • Africa

Key Players

• Acuity Brands, Inc.
• Cree, Inc.
• Eaton Corporation
• General Electric
• OSRAM AG
• Philips N.V.
• Dialight
• Legrand S.A.
• Lutron Electronics Co., Inc, 
• Hubbell Incorporated

 Luminaire and Lighting Control Market Report Highlights