LED Lighting Controllers Market Future Demand, Market Analysis & Outlook Report (2019-2026)
Light control refers to the ability to adjust the level and quality of light for a given task or situation in a given space. Proper control of light not only enhances the experience, but also saves energy by using light at the time and place most needed.
The lighting control system is used for indoor and outdoor lighting to provide the required amount of light or to maximize energy savings. The LED lighting controller communicates between several system outputs and inputs related to lighting control and other computing devices.
The prices of the United States and the European Union are much higher than those of China and other developing countries due to its high quality and powerful functions. Developing countries such as China and India are more likely to attract more investment opportunities for their potential needs.
According to the report, the global LED lighting controller market is worth USD 3,512 million in 2019, and it is expected to generate USD 6,495 million in revenue by 2026, with a compound annual growth rate of roughly 9.18% from 2019 to 2026.
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Market Driver and Constraint
The huge growth of the global LED lighting controller market is being primarily driven by the development of smart lighting infrastructure, increasing demand for better lighting infrastructure and increasing green building projects. Besides, trends such as the emergence of innovative smart lighting concepts, increasing lighting projects and increasing application of lighting solutions in the healthcare sector are spearheading this market's growth. Conversely, factors such as lack of proper installation and high installation cost can thwart the LED lighting controllers market growth in emerging economies while the LED lighting controllers still are projected to witness high demands in the developed regions owing to the myriad of advantages they provide.
Region-wise Analysis
By regional analysis, this global LED lighting controller market is segmented on the basis of Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. North America held the largest share of the market in 2018, accounting for close to 36.47% share. It was followed by Europe and Asia-Pacific, with a share of 34.81% and 23.12% respectively. Government initiatives and regulations as a major factor are expected to drive the market growth in North America and Asia Pacific region. Also, the LED lighting controllers in Europe is projected to show an elevated CAGR in the near future due to the rising use of LEDs in various fields.
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Competition Analysis
The industry is predicted to continue to be innovation-led, with frequent acquisitions and strategic alliances being adopted as key strategies by the players to increase their industry presence. At the same time, optimize product mix and further develop value-added capabilities to maximize margins. Major enterprises in the global market of Led Lighting Controllers include Acuity Brands, Hubbell Control Solutions, Philips Lighting, Lutron Electronics, Leviton, OSRAM, Cooper Controls (Eaton), ABB, Cree, GE Lighting, LSI Industries, Synapse Wireless, Echelon Corporation, HUNT Dimming, Lightronics, LTECH, Douglas Lighting Controls, and Gardasoft. Manufacturers can take advantage of this situation by strengthening their production units and supply chains to avoid any delays in production turnaround time (TAT) and supply-lead-times.
Worldwide Led Lighting Controllers Market by Type
Based on type, this market is segmented into High Power Controllers, Serial Controllers, and Other.
Worldwide Led Lighting Controllers Market by Application
Based on the application, this market is divided into Commercial Use, Home Use, and Other. With the emergence of the Internet of things, the demand for a smart and automated home solution is increasing with rapid pace, which is anticipated to provide an optimistic growth opportunity for the Home Use sector. The Commercial Use sector is also predicted to show higher growth during the period of assessment.
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Led Lighting Controllers Market
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2 Market Trends and Competitive Landscape
3 Segmentation of Led Lighting Controllers Market by Types
4 Segmentation of Led Lighting Controllers Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Led Lighting Controllers Market in Major Countries
7 North America Led Lighting Controllers Landscape Analysis
8 Europe Led Lighting Controllers Landscape Analysis
9 Asia Pacific Led Lighting Controllers Landscape Analysis
10 Latin America, Middle East & Africa Led Lighting Controllers Landscape Analysis
11 Major Players Profile
11.1 Acuity Brands
11.1.1 Acuity Brands Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Hubbell Control Solutions
11.3 Philips Lighting
11.4 Lutron Electronics
11.5 Leviton
11.6 OSRAM
11.7 Cooper Controls (Eaton)
11.8 ABB
11.9 Cree
11.10 GE Lighting
11.11 LSI Industries
11.12 Synapse Wireless
11.13 Echelon Corporation
11.14 HUNT Dimming
11.15 Lightronics
11.16 LTECH
11.17 Douglas Lighting Controls
11.18 Gardasoft
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Target Audience:
Led Lighting Controllers manufacturers
Technology providers
Distributors and resellers of Led Lighting Controllers
Led Lighting Controllers industry associations
Product managers, Led Lighting Controllers industry administrator, C-level executives of the industries
Market research and consulting firms
Small and Medium-sized Enterprises (SMEs)
• Base Year: 2018
• Estimated Year: 2019
• Forecast Period: 2019 to 2026
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