Global Lighting Control System Market Report - Future Prospects, Growth, Outlook and Forecast 2019 – 2026
A lighting control system is an intelligent network-based lighting control solution that incorporates communication between various system inputs and outputs related to lighting control with the use of one or more central computing devices.
Lighting Control System Market Conspectus
Global Lighting Control System Market Report demonstrated that Lighting Control System market is poised to present surging growth during the predicted period from USD 818 million in 2019 to reach USD 1,494 million by 2026 with a CAGR of 9.0%. Global economic development, government regulations adjustment, related industry dynamics, industrial upgrading, and competition among market’s participators are some of the key factors that influence the Lighting Control System market development. A distinctive and comprehensive picture of Lighting Control System is embodied in the report.
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Major Participators Landscape
The prominent players present in the market are shifting their focus strengthening their product portfolio and are emphasizing on research and development of lighting control systems to obtain an upper hand and to stay ahead in the competition. The players are mainly focusing on implementing strategies to meet the needs of customers in emerging markets. Major market participators covered in our report are General Electric Company (GE), Philips Lighting N.V., Eaton Corporation, Legrand S.A., OSRAM Licht AG, Acuity Brands Inc, Cree, Inc., and etc.
Market Drivers Abstract
l The requirement of energy-efficient lighting control and management systems
l Increasing adoption of Internet of Things (IoT) in the lighting Industry
l Acceptance of standard protocols for lighting control
l Modernization and infrastructure development
Market Challenges Abstract
l Perception of higher cost of installations and limited awareness about payback periods
l Security and Privacy Issues in IoT-based lighting systems
l Limited standardized regulatory policies in the energy sector
Lighting Control System Type Abstract
On the basis of the type, the Lighting Control System can be bifurcated into Hardware, Software, Lighting as a Service, and Others. The hardware segment is further categorized into dimmers, switches, LED drivers, sensors and other. Likewise, the software segment is further categorized into web-based and cloud-based. Furthermore, the services segment is bifurcated into maintenance services, professional services, and managed services.
Lighting Control System Application Abstract
The Lighting Control System is widely used in Commercial, Industrial, and Residential. In 2017, the global lighting control systems market, based on the application was led by the commercial segment and expected to remain dominant in the market during the forecast period from 2018 to 2026. In commercial buildings, lighting accounts for up to 20% of the total building’s electricity use. The efficient control of lighting across all areas is an important tool to reduce energy waste. Lighting control systems used in commercial settings benefits occupants and building owners in controlling the light levels and help save energy by automatically switching off the lights when no one is present. It provides a safe environment while delivering many aspects of wellbeing to the occupants.
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Key Regions Overview
Major countries of North America, Europe, Asia Pacific, and the rest of the world are all exhaustive analyzed in the report. Apart from this, policy mobilization, social dynamics, fashion trends, and economic development in these countries are also taken into consideration.
In terms of production value, North America is the largest market with a proportion of 36%, followed by Asia-Pacific and Europe, accounting for 30% and 26% respectively. North America was the global market leader in 2018 and is projected to maintain its dominant position in the next few years. This is primarily due to the growing adoption and penetration of lighting control systems across the region, with an aim to reduce energy consumption and carbon footprint. The Asia-Pacific is poised to witness the fastest CAGR over the forecast period. The growth in this region is attributed to the rapid infrastructure building activities being undertaken in the region, mainly in China where lighting control systems pave the way for the modernization of infrastructure. However, Europe is estimated to be among the potential regions lighting control system market in forthcoming years.
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Lighting Control System Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of Lighting Control System Market by Types
4 Segmentation of Lighting Control System Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Lighting Control System Market in Major Countries
7 North America Lighting Control System Landscape Analysis
8 Europe Lighting Control System Landscape Analysis
9 Asia Pacific Lighting Control System Landscape Analysis
10 Latin America, Middle East & Africa Lighting Control System Landscape Analysis
11 Major Players Profile
11.1 General Electric Company (GE)
11.1.1 General Electric Company (GE) Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Philips Lighting N.V.
11.3 Eaton Corporation
11.4 Legrand S.A.
11.5 OSRAM Licht AG
11.6 Acuity Brands Inc
11.7 Cree, Inc.
…
Target Audience:
Technology providers
Lighting Control System end-user sectors
Lighting Control System industry associations
Product managers, Lighting Control System industry administrator, C-level executives of the industries
Analysts and strategic business planners
Market Research and consulting firms
Small and Medium-sized Enterprises (SMEs)
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