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Intelligent Lighting Controls Market Size, Share and Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2023 – 2032

  • Report ID: GMI4224

Intelligent Lighting Controls Market is expected to grow at a promising rate during the forecast timeframe of 2023-2032 as there is a robust demand for energy-efficient lighting solutions. Customers are becoming more aware of the importance of energy management as it can help them reduce their carbon footprint. Governments are also increasing their focus on finding different ways to reduce electricity consumption. For instance, in August 2022, the U.S. government announced the launch of the Climate Smart Buildings Initiative to modernize the country’s public infrastructure and achieve around 2.8 million metric tons of GHG reductions every year by 2030.

The incorporation of smart technologies in public lighting systems has caused a significant surge in R&D investments for infrastructure development. For example, in March 2022, the U.K. Department for Business, Energy & Industrial Strategy (BEIS) allotted funds worth more than USD 30.3 billion to the U.K. Research & Innovation (UKRI) to support various R&D activities. Moreover, the need for cost-effective and energy-saving solutions is growing among end-users, thereby prompting the usage of OLED lighting. Also, creation of smart cities across developing countries will positively influence the industry progress.

Based on component, intelligent lighting controls market is divided into ballasts & LED drivers, dimmers & switch actuators, sensors, microcontrollers, transmitters & receivers, and intelligent luminaries. The industry size from the ballasts & LED drivers segment is predicted to showcase a notable CAGR through 2032. These components are being increasingly adopted in professional buildings to offer effective lighting maintenance and energy management. Extensive usage of LED lighting by 2027 can save electricity equivalent to that produced by 44 large electrical power plants. Research efforts are increasing to study the efficiency of electronic ballasts, resulting in their higher deployment in personal lighting control systems. The wide availability of a diverse range of LEDs will fuel the industry expansion.

In terms of connectivity, intelligent lighting controls industry is segmented into wired and wireless systems. The wireless segment is anticipated to capture a substantial market share by 2032 due to the growing penetration of these systems in indoor & outdoor architectural lightings. Wireless lighting devices are largely preferred for remodeling projects as they are more affordable than retrofitting wired systems. Novel product launches will further accelerate wireless intelligent lighting controls market growth. For example, in August 2021, Intermatic Incorporated declared the launch of its ARISTA Advanced Lighting Control System, a customizable smart lighting solution for municipal and commercial buildings.

Smart city projects have picked up immense pace in recent years as emphasis on the reduction of carbon footprint is growing steadily. This has boosted the installation of smart lighting controls across traffic lights, electric vehicle charging stations, and parking systems. Governments are also increasing their investments in smart lighting technologies to enhance the quality of public infrastructure. For example, the Government of India approved a production linked incentive (PLI) scheme worth USD 762 million to enable the domestic manufacturing of LED lights and air conditioners. Such programs will bolster the product deployment.

North America intelligent lighting controls market size is set to expand at an appreciable pace due to the growing number of government regulations. Concerns over reducing CO2 emissions have prompted end-users to find ways to ensure effective power usage. For example, the U.S. government aims to achieve net-zero emission operations by 2050 by switching to zero-emission vehicles and buildings that are powered by carbon pollution-free electricity. Governments are also signing energy-saving performance contracts, which might enhance the regional industry outlook.

Honeywell International Inc., Hubbell Incorporated, Philips Lighting, Lutron Electronics Co., Inc., OSRAM Licht AG (ams), Schneider Electric, Control4 Corporation (Wirepath Home Systems, LLC), LSI Industries Inc., Acuity Brands Inc., Leviton Manufacturing Co. Inc., Enlighted Inc., Cree Inc., EATON, and General Electric, among many others, are the leading players in global intelligent lighting controls market.

These firms are employing various strategies, such as partnerships, acquisitions, technological innovations, new product launches, investments, and capacity expansions to strengthen their market position.

For instance, in March 2021, Hubbell Control Solutions introduced NX Distributed Intelligence, an innovative, and improved Lighting Control Panel. The device brings together all the connection points in one enclosure and offers installer-friendly solutions.

The ongoing Russia-Ukraine war had an adverse impact on intelligent lighting controls market forecast as the scenario caused many supply chain disruptions. Since import-export transactions were completely stopped during this period, there was a severe shortage of raw materials, further restraining the industry development.

What Information does this report contain?

Historical data coverage: 2018 to 2022; Growth Projections: 2023 to 2032.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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Our Market Research Reports Include:

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