Global Lighting Control System Market 2025–2029: Competitive Insights and Opportunities
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What Is The Expected Total Market Size Of The Lighting Control System Industry By The Forecast Year 2029?
The valuation of the lighting control system sector has experienced swift expansion lately, projected to increase from sixty-nine billion US dollars in 2024 to seventy-five billion US dollars in 2025, reflecting a compounded annual growth rate (CAGR) reaching 17.1%, with the prior period’s upward trajectory being fueled by heightened consciousness regarding energy conservation, burgeoning environmental regulations, commitments to ecological sustainability, the pursuit of economic benefits through reduced expenditure, and enhancements in occupational output.
Anticipation suggests the lighting control system sector will experience swift expansion over the coming years, reaching a valuation of $97.47 billion by the year 2029, fueled by an impressive compound annual growth rate (CAGR) of 18.3%. This projected surge throughout the forecast duration stems from several key factors, including the increasing adoption of IoT technologies, escalating consumer desire for intelligent domestic environments, the normalization of remote work arrangements, necessary enhancements to municipal infrastructure, and the ongoing need for building modernization initiatives. Furthermore, notable developments expected to shape this market during the forecast window encompass the emergence of gesture-based control mechanisms, the pursuit of customized illumination environments, the incorporation of li-fi technology, a heightened emphasis on optimizing the end-user experience, and the widespread adoption of wireless communication methods.
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What Are The Main Drivers Boosting The Lighting Control System Industry’s Expansion?
The expansion of structures categorized as both commercial and non-commercial real estate is projected to be a key impetus for the forward progress of the market pertaining to lighting control systems. A structure designated as commercial is essentially any non-residential property that is neither related to industry, agriculture, nor institutional use, whereas a non-commercial building encompasses any construction not designated for business operations or as a dwelling place. Deploying lighting control mechanisms, including devices like dimmers and bulbs capable of color alteration, presents an intelligent methodology for embedding interconnected control capabilities within office spaces, various commercial properties, and non-commercial facilities. Illustratively, data from the University of Michigan’s Center for Sustainable Systems, a US-based entity focused on creating models, indicators, and methods for systems analysis to foster sustainable environments, indicated in September 2022 that the occupied floor area within US commercial buildings is forecast to increase by 35 percent between 2021 and 2050, culminating in an estimated 124.6 billion square feet. Consequently, the rising prevalence of both commercial and non-commercial construction activities serves as a significant factor fueling the expansion trajectory of the market for lighting control solutions.
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
What Are The Major Trends Driving The Growth Of The Lighting Control System Market?
Leading enterprises within the lighting control system sector are presently focusing on creating advanced solutions like cloud-based technologies to boost operational effectiveness, support remote oversight and administration, allow for immediate data scrutiny, and realize greater energy conservation via intelligent synchronization and linkage with Internet of Things hardware. Cloud platforms provide computing capabilities and software accessible via the web as needed, granting users the ability to interact with and control information and applications without reliance on in-house hardware setups. As an illustration, in the month of April 2024, the German automation giant Siemens AG introduced Electrification X; this new offering aims to elevate factors such as output, dependability, equipment usage rates, energy performance, and long-term environmental soundness by utilizing cloud services to expertly handle, refine, and automate electrical distribution networks, consequently lowering both operational expenditures and greenhouse gas outputs.
Which Global Market Leaders Are Shaping The Future Of The Lighting Control System Sector?
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.
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Which Region Is Expected To Witness The Fastest Growth 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.
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