Lighting Control System Market size is expected to cross USD 106.03 billion by the end of 2035, growing at a CAGR of 16.83% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of lighting control system was USD 14.09 billion. This growth in market revenue is set to be influenced by the growing adoption of LED lights since it is estimated that it saves energy. For instance, when compared to conventional incandescent bulbs, LEDs can save up to 90% on energy and have a 25-times longer lifespan. Further, the LED lighting is supported by the lighting control system, which makes automated scheduling, dimming, and occupancy-based management possible, further lowering energy consumption and maintenance expenses.
Additionally, there has been growth in number of parking lots which requires effective lighting solution. Therefore, the adoption od LED lighting is growing further boost the market for lighting control systems in order to create efficient control set up.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
16.83% |
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Base Year Market Size (2022) |
USD 14.09 Billion |
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Forecast Year Market Size (2035) |
USD 106.03 Billion |
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Regional Scope |
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End Use Application [Indoor (Residential, Commercial, Industrial), Outdoor (Highways & Roadways Lighting, Architectural Lighting, Lighting for Public Places)]
The indoor segment in the lighting control system market is expected to generate the highest revenue of USD 78.9 billion by the end of 2035. The growth of the segment can be attributed to growth in number of commercial spaces such as school, malls, and more. Not only in office spaces and industries but the adoption of lighting control system by residential sector is also experiencing surge. Moreover, growth in construction of luxury house is also estimated to influence the demand for lighting control system.
Component [Hardware (LED Drivers & Ballasts, Sensors, Switches & Dimmers, Relay Units, Gateways, Others), Software, Services]
Lighting control system market from the software segment is projected to grow at the highest CAGR of 17.79% over the forecast period. A wide range of software and applications are available for the implementation of lighting control systems. A wide range of tasks may be carried out by the software, such as finding control points, establishing control points to zones, programming sequences of operation for zones, calibrating sensors, tracking control points, sending service alerts/alarms, keeping track of energy use and other data collected, backing up data and event logs, and creating users/access levels.
Our in-depth analysis of the global market includes the following segments:
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Component |
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Technology |
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APAC Market Forecast
The market for lighting control system for Asia Pacific excluding Japan is estimated to generate the largest revenue of USD 32.02 billion by the end of 2035, up from a revenue of USD 3.97 billion in the year 2022. APAC is the largest and fastest-growing regional lighting control system market in the globe due to rapid urbanization. Asia is inhabited to over than 2.2 billion people, or 54% of the world's urban population. In Asia, another 1.2 billion people are expected to reside in urban areas by 2050, a growth of 50%. Hence, this growth in urban populations is estimated to consume and also waste more energy. As a result, the market is growing in this region.
North American Market Analysis
The North America lighting control system market is projected to have significant growth with a revenue of USD 31.48 billion over the forecast period. The region’s lighting control systems have undergone significant technological developments, including the integration of wireless connectivity, and sophisticated sensors. With the utilization of these technologies, lighting systems may be intelligently monitored in real time and connected seamlessly, improving both user comfort and energy savings. Hence, with the growing technology advancement in this region the market is expected to grow.
Author Credits: Abhishek Verma, Hetal Singh
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