What is the Historic and Current Scenario of the Lighting Control System Market?
The lighting control system market has seen considerable growth due to a variety of factors.
•The market size of the lighting control system has experienced swift growth over the past few years. The market, which was worth $42.64 billion in 2024, is expected to increase to $50.1 billion in 2025, with a compound annual growth rate (CAGR) of 17.5%.
The significant growth during the historic period can be attributed to factors like increased awareness about energy efficiency, regulatory standards, sustainability initiatives, cost savings, and improvements in workplace productivity.
What are the Forecasted Growth and Key Factors of the Lighting Control System Market?
The lighting control system market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for lighting control systems is set to witness a swift expansion in the coming years, with its expected valuation reaching $98.93 billion by 2029, growing at a compound annual growth rate (CAGR) of 18.5%.
This projected growth in the next few years can be associated with the integration of IoT, increasing demand for smart homes, shift towards a work-from-home culture, advancements in urban infrastructure, and the need for retrofitting. The period also sees a rise in key trends such as gesture control systems, tailor-made lighting experiences, incorporation of li-fi, emphasis on user experience, and adoption of wireless connectivity.
What Are the Critical Driver Fuelling the Lighting Control System Market's Growth?
The upsurge in the number of commercial and non-commercial structures is believed to stimulate the expansion of the lighting control system market. Commercial buildings are any non-residential, non-agricultural, non-industrial, and non-institutional structures, while non-commercial buildings are any structures that are not utilized for commercial or residential purposes. Employing lighting control systems, such as dimmers or bulbs that can change colors, is a smart strategy for integrating networked controls in office settings, commercial, and non-commercial structures. For instance, the University of Michigan's Center for Sustainable Systems, a United States-based organization that focuses on the development of system analysis methods, models, and sustainability indicators, reported in September 2022 that commercial building floor space in the US is projected to increase by 35% from 2021 and is predicted to hit 124.6 billion square feet by 2050. As a result, the rising number of commercial and non-commercial structures supports the expansion of the lighting control system market.
How Is the Lighting Control System Market segmented?
The lighting control system market covered in this report is segmented –
1) By Installation Type: New Installation, Retrofit
2) By Offering: Hardware, Software, Services
3) By Communication Protocol: Wired, Wireless
4) By End-Use: Indoor, Outdoor
Subsegments:
1) By New Installation: Residential, Commercial, Industrial
2) By Retrofit: Upgrading Existing Systems, Replacement Of Outdated Controls
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What New Trends Are Influencing the Lighting Control System Market?
Leading corporations in the lighting control system market are introducing innovations such as cloud service technology to boost operational productivity, permit remote control and oversight, offer instantaneous data analysis, and augment energy conservation through intelligent automation and incorporation with IoT devices. Cloud services, which are computing resources and applications distributed via the internet, empower users to handle and oversee data and software without the need for local infrastructure. For example, Siemens AG, a German automation firm, launched Electrification X in April 2024. Electrification X is designed to enhance productivity, dependability, asset utilization, energy efficiency, and sustainability. It benefits from cloud services to administer, optimize, and automize electrification systems, thus minimizing operational expenses and carbon dioxide discharges.
Who Are the Key Players in the Lighting Control System Market?
Major companies operating in the lighting control system market include:
• General Electric Co.
• Taiwan Semiconductor Manufacturing Company Limited
• Panasonic Corporation
• Schneider Electric SE
• Honeywell International Inc.
• Eaton Corporation plc
• Infineon Technologies AG
• Legrand SA
• Signify NV
• Hubbell Incorporated
• Acuity Brands Inc.
• OSRAM GmbH
• WAGO Corporation
• Leviton Manufacturing Company Inc.
• Zumtobel Group AG
• Ideal Industries Inc.
• Lutron Electronics Co. Inc.
• Inventronics Inc.
• RAB Lighting Inc.
• Toshiba Lighting & Technology Corporation
• Helvar Ltd.
• Synapse Wireless
• Digital Lumens Inc.
What Is The Most Dominant Region In The Lighting Control System Market?
North America was the largest region in the lighting control system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the lighting control system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
