Lighting Control System Market: Summary
The global lighting control system market is estimated to reach 40.6 USD Billion in 2024 at a CAGR of 16.0%. Inclination towards energy-saving alternatives and the emergence of the internet of things (IoT) is expected to boost the lighting control system market during the forecast period. However, the requirement of ongoing maintenance is expected to restrain the market during the forecast period. Cloud-based smart lighting is expected to become an opportunity for the global market.
A lighting control system is a type of intelligent network system which helps consumers to control the lighting in indoor and outdoor spaces. A lighting control system is mainly used for outdoor applications such as roadways & highways lighting and various public spaces. Some key players in the lighting control system market are Signify Holding, Lutron Electronics Co., Legrand SA, OSRAM Licht AG, Schneider Electric SE, and Eaton among others.
This market research report offers a comprehensive analysis of key market trends in the global lighting control system market. It includes a detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities, and challenges backed by factful feedbacks. On the basis of components, the market is segmented into hardware, software, and services. By connectivity protocol, the lighting control system market is segmented into wired and wireless. By application, the lighting control system market is segmented into corporate buildings, industrial buildings, educational buildings, retail malls, hospitals, public buildings, hospitality, roadways and highways lighting, architectural lighting, and floodlighting.
The report on the global market covers a deep dive analysis of historic, recent, and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered, and the entire supply chain dynamics are covered through the below segmentation.
Report Features |
Specifics |
---|---|
Historical/Estimated/Forecasted Market Size Years |
2017-2024 |
Base Year for Market Calculation |
2018 |
Forecasted Period |
2019-2024 (2019 estimated year, forecasted up to 2024) |
Measured Units |
Value (USD Million) |
Segments Included |
Component, Connectivity Protocol, Application |
Regional Coverage |
Asia-Pacific, North America, Europe, Middle East & Africa, South America |
Companies Covered
For the scope of the report, In-depth segmentation is offered by Forencis Research
Lighting Control System Market by Component
Lighting Control System Market by Connectivity Protocol
Lighting Control System Market by Application
Lighting Control System Market by Region
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain