Lighting Control System Market Size & Share, Growth Analysis 2035

Global Market Size, Forecast, and Trend Highlights Over 2023 - 2035

Lighting Control System Market size is poised to cross USD 218.44 Billion by the end of 2035, expanding at a CAGR of 17.80% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of lighting control system was around USD 30.59 Billion. The growth of the market can be attributed to the surging demand for lighting control in order to reduce the consumption of energy. Moreover, there has been an increase in awareness among people about energy management. As per the estimates, incandescent light bulbs consume around 60 watts of electricity, and LED light bulbs use nearly 10 watts.

In addition to these, factors that are believed to fuel the market growth of lighting control system include improving employee productivity by providing the ability to adjust the light levels in order to suit the task at hand. It reduces eye strain and improves the concentration level of employees by providing proper task lighting. Moreover, it can save money, lower carbon emissions, and provide the right amount of light when and where it is needed.

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Lighting Control System Market: Key Insights

Base Year	2022
Forecast Year	2023-2035
CAGR	~17.80%
Base Year Market Size (2022)	~ USD 30.59 Billion
Forecast Year Market Size (2035)	~ USD 218.44 Billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Lighting Control System Market: Growth Drivers and Challenges

Growth Drivers

Increasing Use of LED Lights in Outdoor Lighting Applications – There has been increasing use of LED lights in outdoor lighting, as they are the most competent lighting solutions for providing enough light without being too harsh on the eyes. Owing to this, the demand for lighting control system is increasing. As per the International Energy Agency, LED technology is used by 50 percent of the total lighting sector around the world.
Rising Concept of Smart Cities – Smart lighting system is adopted in smart cities, that consists of energy-efficient LED lighting with light control that is adjusted according to applicable regulations, and the user’s needs. Moreover, smart lighting reduces light pollution and is connected with Wi-Fi-enabled devices using wireless technologies. In addition, they can be automatically regulated on the basis of sunset and sunrise. As per the reported data, more than 2,000 cities across the globe have adopted smart city technologies.
Surging Adoption of IOT with Rising Use of Smart Devices - The lighting control system consists of multiple lighting fixtures connected in a network in order to control lighting. The whole lighting control system is connected to various smart devices, such as smartphones. According to the most recent data, there will be more than 25 billion active connected IOT devices by the end of 2030, worldwide.
Growing Commercial and Non-Commercial Buildings – Commercial and non-commercial buildings are growing year-on-year basis, which is increasing the demand for lights as well as lighting control systems. It is expected that the construction industry required to build more than 12,000 buildings each year across the globe by 2050 in order to support the population of more than 6.5 billion people living in cities.
Rising Focus on Reduction of Carbon Footprint – There has been a growing focus on reducing the carbon footprint through switching off the lights when not needed. Turning off the lights can reduce carbon emissions and other harmful greenhouse gases. This can be easily achieved through the installation of an advanced level of lighting control system associated with different technologies. Hence, it is predicted to surge the growth of the global lighting control system market in the upcoming years. As per the reports, lighting leads to more than 4 percent of global CO2 emissions.

Challenges

Requirement of High Initial and Deployment Cost- The lighting control system comprises various hardware components such as software, sensors, switches, and others that lead to the rise in the initial cost of the system. Moreover, the installation cost is also high owing to the technician required for the proper setting of the lighting system. In addition, the integration cost of the lighting control system with other devices is also contributing to the upsurge in the cost.
Interoperability Issues
Reliability and Security Issues

Lighting Control System Segmentation

End Use-Applications (Outdoor, Indoor)

Lighting control system market from the outdoor division is anticipated to hold the largest share in the upcoming years. There has been a rising number of outdoor lighting applications including railway stations, highways, parks, stadiums, and others. Moreover, there has been a surge in the use of luminaries and LED lights for outdoor lighting systems, along with the growing acceptance of protocols and regulations from the government is further expected to expand the growth of the segment in the market. Public lighting accounts for more than 1 percent of the electricity consumption in India, as per recent reports.

Communication Protocol (Wired, Wireless)

In the year 2035, the wireless segment in the lighting control system market is predicted to have a considerable portion of roughly 56%. This can be attributable to technological advancements that have become part of the smart lighting control system, such as Bluetooth. Moreover, there has been an increasing demand for automated lighting systems, such as in countries such as India, the United States, and others.

Our in-depth analysis of the global market includes the following segments:

Communication Protocol	Wired Wireless
End Use-Applications	Outdoor Indoor
Installation Type	Retrofit New Installations
Type	Dimmers Units Sensors Gateways

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Lighting Control Industry- Regional Synopsis

North American Market Statistics

North America lighting control system market is expected to hold 38% share of the global lighting control system market by 2035. The increasing use of energy-efficient solutions in relation to the lighting control system, as well as the increasing penetration of smart homes, are driving market expansion in the region. In the United States, the current penetration rate of smart homes is more than 40 percent. Moreover, there is a presence of key manufacturers in countries such as the United States that includes General Electric Company, Lutron Electronics, and others. In addition, the increasing adoption of smart homes, followed by the improving standard of living among people, is further estimated to boost the gain of the lighting control system market in the North America region.

European Market Forecast

The Europe lighting control system market is expected to be the 2^nd largest, with a share of approximately 24% by the end of 2035. The market's expansion can be attributed mostly to the increased installation of new smart lighting systems with enhanced sensors. Furthermore, there has been a rising population of people living in urban areas, followed by increasing disposable income in countries such as the UK in the European region. In addition, the stringent regulations by the government to cut energy and light pollution are another factor that is contributing to the extension of the lighting control system market in the region.

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Companies Dominating the Lighting Control System Market

Cisco Systems, Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis

Honeywell International Inc.
Panasonic Corporation
General Electric Company
Eaton Corporation plc
RAB Lighting Inc.
Schneider Electric
Signify Holding
ACUITY BRANDS, INC.
Taiwan Semiconductor

In The News

Schneider Electric announced the launch of new solutions to improve building sustainability. New integration capabilities in EcoStruxure Building Operation 2023, EcoStruxure Connected Room Solutions, and EcoStruxure Power Monitoring Expert will help simplify and accelerate access to data that is essential for managing energy use, reducing carbon emissions, and increasing building value.
ACUITY BRANDS, INC., announced its collaboration with Microsoft in order to bring new capabilities to Acuity Brands lighting controls, smart lighting, and building automation solutions.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the lighting control system market?

Ans: Rising focus on reduction of carbon footprint, and growing commercial and non-commercial buildings are the major factors driving the market growth.

2) What would be the CAGR of the lighting control system market over the forecast period?

Ans: The market size of lighting control system is anticipated to attain a CAGR of ~17.80% over the forecast period, i.e., 2023 â€“ 2035.

3) Who are the major players dominating the lighting control system market?

Ans: The major players in the market are Honeywell International Inc., Panasonic Corporation, General Electric Company, Eaton Corporation plc, RAB Lighting Inc., Schneider Electric, Signify Holding, ACUITY BRANDS, INC., Taiwan Semiconductor, and others.

4) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

5) What are the segments in the lighting control system market?

Ans: The market is segmented by installation type, type, end use- application, communication protocol, and by region.

6) Which segment captures the largest market size in the end use- application segment in the lighting control system market?

Ans: The outdoor segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

7) What are the challenges affecting the market growth?

Ans: The requirement of high initial and deployment costs, and interoperability issues are estimated to be the growth hindering factors for the market expansion.

8) Which region will provide more business opportunities for the growth of the lighting control system market in the future?

Ans: The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.