Intelligent Lighting Controls Market Report 2022-2027: Top Companies Overview, Growth (CAGR 16.30%) and Forecast

Market for intelligent lighting controls

Market for intelligent lighting controls

SHERIDAN, WY, UNITED STATES, Oct. 21, 2022 /EINPresswire.com/ — IMARC Group’s latest research report, titled “Intelligent Lighting Controls Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” the global market size of intelligent lighting controls reached $9.34 billion in 2021. Looking ahead, IMARC Group expects the market to reach $24.76 billion by 2027, with a CAGR of 16.30% in 2022-2027. Intelligent Lighting Controls is a network-based lighting control solution that uses various components, such as movable lighting sensors, transmitters and receivers, and microcontrollers, to control the lighting of a room. The control systems improve energy efficiency and performance while complying with building codes, green building requirements and energy conservation programs.

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We regularly monitor the direct impact of COVID-19 on the market, along with the indirect impact of related industries. These observations will be incorporated into the report.

Global demand for intelligent lighting controls:

The world market is largely driven by the growing need for energy-efficient connected lighting controls. In line with this, the high demand for cost-effective and energy-saving OLED lighting contributes significantly to the market. In addition, improved connectivity and continuous advancements in technological solutions facilitate the adoption of intelligent lighting control systems in various industries. In addition, the increasing number of smart city projects around the world and a greater focus on sustainable development are catalyzing the market growth. In addition, the introduction of numerous government energy saving programs around the world is giving a boost to the market. Apart from this, there has been an increase in the use of LED street lighting as it helps reduce operations and maintenance (O&M) costs through the immediate identification of street lighting defects. They also offer significant environmental benefits due to the lower energy consumption and reduced CO2 emissions of truck rollers. This, combined with the gradual replacement of traditional lamps with LED lamps, offers market players lucrative growth opportunities. Other factors, including increasing technological advancements and the increasing number of smart city projects around the world, are expected to bolster the growth of the market.

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Key Players of Global Intelligent Lighting Controls Market Research Report:

• Acuity Brands Inc.
• ams-OSRAM AG
• Control4 Corporation (Snap One LLC)
• Enlighted Inc.
• General Electric Company
• Honeywell International Inc.
• Hubbell Incorporated
• Leviton Manufacturing Co. Inc.
• Lutron Electronics Co. Inc.
• Schneider Electric SE
• Signify Holding BV

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Main market segmentation:

Breakdown by type:

• Sensors
• Ballasts and LED Drivers
• Microcontrollers
• Dimmers and Switch Actuators
• Transmitters and receivers
• Others

Breakdown by connectivity type:

• Wired
• Wireless

Breakdown by application:

• Commercial buildings
• Residential buildings
• Public facilities

Breakdown by region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, others)
• Latin America (Brazil, Mexico, others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

• Market performance (2016-2021)
• Market exploration (2022-2027)
• Porter’s Five Forces Analysis
• Market drivers and success factors
• SWOT analysis
• Value chain
• Comprehensive map of the competitive landscape

Note: If you require specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.

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About us:

IMARC Group is a leading market research firm offering global management strategy and market research. We partner with clients across all industries and geographies to identify their most valuable opportunities, address their most critical challenges and transform their businesses.

IMARC’s information products include key market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial and high technology organizations. Market forecasts and industry analyzes for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and new processing methods are the pinnacle of the company’s expertise.

Elena Anderson
IMARC group
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