Global Intelligent Lighting Controls Market was valued US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2026, at a CAGR of 14.10 % during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
The intelligent lighting control system contains multiple lighting fixtures, which are connected in a network to control lighting. It also increases energy efficiency, performance, and customer value. The evolution of smart technology has considerably changed the lighting industry in terms of energy, money-saving and boosted the safety and convenience of the end-users.
An increase in electricity prices across the globe, incorporation of physical security industry with intelligent lighting, shifting paradigm of lighting control industry to electronics industry are some of the driving factors behind the growth of the market. In many countries across the globe, the government has formulated regulations to utilize and manage electricity consumption efficiently, which are expected to drive the market growth.
On the other hand, the high installation cost for intelligent lighting control is expected to limit the adoption of intelligent lighting controls in the global market. Furthermore, the growth of smart homes and wireless lighting control systems are expected to offer key opportunities in the market during the forecast period(2019-2026).
The Sensors are expected to grow at a XX % rate of CAGR during the forecast period. The demand for sensors is increasing because of its features like dimming, and long lamp life, which is also expected to increase the demand for sensors.
Region-wise, The Asia Pacific region is projected to be a leading region in the market. The leading position in the market can be attributed to the rise in government investments for developing smart homes in developing countries like China and India. A high rate of production and the consumption of the lighting products in the region are also attracting foreign key players to invest in the country.
market key players are focusing on the manufacturing process of lighting systems, which can be easily retrofitted in the existing retail, commercial and industrial buildings sector. For instance, in 2018, Honeywell introduces a suite of next-generation energy management software and safe cloud communication systems.
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The Scope of the Report for Market
By Component Type
• Sensor
• Ballasts and LED Drivers
• Microcontrollers
• Dimmers and Switches Actuators
• Transmitters and Receivers
• Intelligent Luminaries
By Connectivity Type
• Wired
o Building Automation & Control Network (BACnet)
o Digital Addressable Lighting Interface (DALI)
o Power Line Communication (PLC)
o Proprietary Control
• Wireless
o EnoCean
o ZigBee
o Bluetooth
o Wi-Fi
By Light Source
• Fluorescent Lamp (FL)
• Light Emitting Diode (LED)
• High Intensity Discharge (HID) Lamps
By End User
• Residential
• Commercial
• Industrial
• Hospitality
• Automotive
• Others
By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in Market
• Acuity Brands Inc.
• Lutron Electronics Co. Inc.
• Osram GmbH
• Philips Lighting
• Schneider Electric
• Honeywell International Inc.
• Hubbell Incorporated
• Legrand
• Leviton Manufacturing Co. Inc.
• LSI Industries Inc.
• Control4 Corporation
• Cree Inc.
• Eaton Corporation PLC
• Enlighted Inc.
• General Electric Company
• Cisco
• Cree, Inc.
• GE Lighting
• Panasonic Corporation
• Siemens.
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