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MarketersMEDIA / Newsroom / GMI Research Analyzes the Future of Lighting Control System Market – Forecast till 2027

GMI Research Analyzes the Future of Lighting Control System Market – Forecast till 2027

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Governments' implementation of various regulations to support the usage of energy-efficient products is driving the demand for Lighting Control System Market.

— The growing awareness regarding energy preservation across the globe and the strong demand for smart street lighting systems are the significant factors boosting the growth of the global lighting control system market. The increasing emphasis on the development of smart cities to bring a new way of engaging citizens and enhancing their quality of life will attract a large number of end-users to opt for lighting control systems. For instance, the UAE government is heavily investing in the “Dubai Smart City” project, which focuses on providing smart life, smart transportation, smart economy, and several other innovative transformations to its citizens. Simultaneously, continuous technological advancement, including the adoption of the Internet of Things (IoT) in the lighting systems, will create immense growth opportunities in the market over the coming years.

The rapid modernization has encouraged the consumers to adopt advanced energy-efficient lighting control and management solutions to minimize energy consumption and the cost of the electricity bill at the same time. In parallel, various governments are implementing various regulations to support the usage of energy-efficient products, thereby promoting the demand of the market. On the other end of the spectrum, the rising number of cybersecurity issues and the high installation cost of these systems are likely to hamper the market growth.

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On the basis of installation type, the market is segmented into new installations and retrofit installations. The new installation segment is projected to lead the market over the forecast period attributed to the rapid expansion in the infrastructure sector around the world. The strong demand for lighting control systems across various aspects such as residential areas, corporate offices, parking spaces, and shopping malls, will further strengthen the growth of this segment. Moreover, with the evolution of wireless technologies, such as Bluetooth and Wi-Fi, it has become essential for consumers to opt for the lighting control system to reduce the energy consumption and to control systems automatically.

On the basis of the offering, the market is segmented into Hardware, Software, and Services. The Hardware segment is anticipated to grow at a higher CAGR over the forecast period. The hardware components of lighting products comprise various components, including LED lighting, sensors, switches, gateways, relay units, and dimmers. The strong demand for LED lights and sensors as a result of its exceptional benefits such as lowers energy consumption, requires lower maintenance, and provides higher safety, are the key driver propelling the demand of the segment. Moreover, the increasing number of regulations regarding energy conservation and the rising incidences of thefts and robbery are further promoting the end-users to opt for these systems.

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On the basis of region, the Asia-Pacific region is anticipated to lead the market over the forecast period attributed to the rising investment by governments, especially in developing economies, including India, for the development of smart cities. The increasing inclination of consumers towards smart lighting systems in China will further have a positive impact on the demand for the lighting control system market in this region. In parallel, the drastic rise in population rate, increasing per capita income, and the adoption of modern lifestyle, will further boost the growing demand of these systems in the coming years.

Various notable players in the Lighting Control System market include Philips Lighting Holding B.V., Hubbell Incorporated, Ideal Industries, Inc., Schneider Electric SE, and OSRAM, Acuity Brands Lighting Inc., Legrand S.A., Honeywell International Inc., General Electric Company, Lutron Electronics Co., Inc. among others.

Market Segmentation

Global Lighting Control Systems Market by Installation Type
• New Installations
• Retrofit Installations

Global Lighting Control Systems Market by Offering
• Hardware
o LED Drivers & Ballasts
o Sensors
o Switches
 Manual On/Off Switches
 Electronic Switches
o Dimmers
 Wired Dimmers
 Wireless Dimmers
o Relay Units
o Gateways
• Software
o Local/Web-Based Software
o Cloud-Based Software
• Services
o Professional Services
o Installation and Maintenance Services

Global Lighting Control Systems Market by End-Use Application
• Indoor
o Residential
o Commercial
o Industrial
o Others
• Outdoor
o Highways & Roadways Lighting
o Architectural Lighting
o Lighting for Public Places

Global Lighting Control Systems Market by Communication Protocol
• Wired
o Digital Addressable Lighting Interface (DALI)
o Power Line Communication (PLC)
o Power Over Ethernet (POE)
o Wired Hybrid protocols
o Others
• Wireless
o Zigbee
o Bluetooth Low Energy (BLE)
o EnOcean
o Wi-Fi
o 6LoWPAN
o Wireless Hybrid Protocols
o Others

Global Lighting Control System Market by Region

• North America Lighting Control System Market
o By Installation Type
o By Offering
o By End-use Application
o By Communication Protocol
o US
o Canada

• Europe Lighting Control System Market
o By Installation Type
o By Offering
o By End-use Application
o By Communication Protocol
o UK
o Germany
o France
o Spain
o Rest of Europe

• Asia-Pacific Lighting Control System Market
o By Installation Type
o By Offering
o By End-use Application
o By Communication Protocol
o China
o India
o Japan
o Rest of APAC

• RoW Lighting Control System Market
o By Installation Type
o By Offering
o By End-use Application
o By Communication Protocol
o Brazil
o South Africa
o Saudi Arabia
o UAE
o Rest of world (remaining countries of the LAMEA region)

Global Lighting Control System Leading Market Players
• Philips Lighting Holding B.V.
• Honeywell International Inc.
• Hubbell Incorporated
• Acuity Brands Limited Inc.
• Schneider Electric SE
• Legrand S.A.
• General Electric Company
• Lutron Electronics Co., Inc.
• Ideal Industries, Inc.
• OSRAM

Contact Info:
Name: Sarah Nash
Email: Send Email
Organization: GMI Research
Address: Dublin
Phone: +353 1 442 8820
Website: https://www.gmiresearch.com

Source URL: https://marketersmedia.com/gmi-research-analyzes-the-future-of-lighting-control-system-market-forecast-till-2027/88959218

Source: MarketersMedia

Release ID: 88959218

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