Smart lighting control system market
Smart Lighting and Control System Market Size, Share & Trends Analysis Report By Type (Fluorescent Lamps And Compact Fluorescent Lamps, High-Intensity Discharge Lamps (HID), and Light Emitting Diodes (LED) Lights and Lamp), By Component (Control & Communication, Intelligent Luminaries, Sensors, Microcontrollers, Dimmers and Actuators, Transmitters, and Receivers) by Technology (Wired, and Wireless), and by (Residential, Commercial, Industrial and Public Utilities) Forecast Period (2024-2031)
Smart lighting and control system market is anticipated to grow at a significant CAGR of 14.0% during the forecast period (2024-2031). The market growth is attributed to the increasing capacity to manage lighting remotely such as voice commands, schedules, motion detection, timers, and color alterations. Additionally, increasing demand for self-monitoring, analysis, and reporting technology (SMART) to improve energy efficiency, convenience, safety, security, and well-being further aids global market growth. In addition, these systems may be controlled via different wireless transmissions, including Bluetooth and Wi-Fi radios, and they interact smoothly with other smart home appliances. According to the European Commission, in 2021, energy saving of 50.0-70.0% is possible while using such smart connected lighting.
Market Dynamics
Growing Adoption of Advanced Control Systems and Automation
The development of innovative control systems that provide more personalization and automation by allowing features such as mobile device remote control, adaptive lighting based on occupancy or daylight, and automated lighting schedules. By combining these elements, the smart lighting system offers advanced control over both interior and outdoor lighting through the use of automation and logic rules. The system improves its response to changes in the surrounding environment, including occupancy, time of day, and sensor readings. Modern technology employs smart lighting controls to integrate human-centric lighting throughout the structure and automate daylighting zones with autonomous management. For instance, the brain releases serotonin when exposed to natural daylight, which lowers stress and elevates mood.
Increasing Integration with IoT and Smart Home Ecosystems
An increase in the integration of Internet of Things (IoT) devices and smart home ecosystems with smart lighting systems increases convenience by enabling voice commands and smartphone apps to be used to manage lighting. Compatibility with other smart home appliances including home assistants, security systems, and thermostats further promotes its market demand. The advantages include improved controllability, higher energy economy, and the capacity to create lighting scenarios that change in response to the demands of the inhabitants. The idea of a brightened living area is redefined by the incorporation of Internet of Things-powered lighting into smart homes.
Market Segmentation
- Based on the type, the market is segmented into fluorescent lamps and compact fluorescent lamps, high-intensity discharge lamps (HID), and light-emitting diodes (LED) lights and lamps.
- Based on the components, the market is segmented into control & communication, intelligent luminaries, sensors, microcontrollers, dimmers and actuators, transmitters, and receivers.
- Based on the technology, the market is segmented into wired, and wireless.
- Based on the end-users, the market is segmented into residential, commercial, industrial, and public utilities.
Wired is Projected to Hold the Largest Share
The primary factors supporting the growth include the increasing demand for wired connectivity in the smart lighting market by increasing the use of smart lighting in commercial and industrial settings. In contrast, physical cables are used by wired smart lighting control systems to link the lights and control units. As there is no chance of interference, these systems are typically more dependable. Although they need cables to be run through ceilings and walls, installation can be more challenging. According to the International Energy Agency (IEA), in 2022, continued progress both in the deployment of light-emitting diodes (LEDs) and in lighting efficiency. While numerous countries began to phase out incandescent lamps more than ten?years ago, many are beginning to eliminate fluorescent lighting as well to make LEDs the dominant lighting technology. About 50.0% of global residential lighting sales use LED technology.
Residential Segment to Hold a Considerable Market Share
The factors supporting segment growth include the increasing popularity of smart lighting fixtures and bulbs that allow users to customize lighting conditions is expected to propel the residential segment to high growth. The requirement to regulate lighting usage is another factor driving demand in commercial and industrial environments as offices and warehouses must have a consistent power source available day and night. According to the International Energy Agency, in July 2023, globally, residential LED sales have increased substantially in recent years, rising from around 5.0% of the market in 2013 to about 50.0% in 2022, with integrated LED luminaires (one or more lamps within a unit) making up an increasing share. Installing smart lighting with built-in sensors ensures that lights are only turned on when necessary in response to human movement, which is detected by the sensors. Additionally, the light setting within the premises can automatically lower in response to outside lights.
Regional Outlook
The global smart lighting and control system market is further segmented based on geography including North America (the US, and Canada), Europe (the UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
Growing Demand for Smart Lighting and Control Systems in Asia-Pacific
The regional growth is attributed to the growing demand for these systems from developing economies. The growing investments in smart city initiatives are expected to position countries such as South Korea, Japan, and India at the forefront of smart lighting adoption. The evolving lighting landscape in commercial sectors has a significant impact on the need for smart lighting in Asia-Pacific. A new market for smart lighting is emerging as a result of the rise in the construction of office, retail, and entertainment buildings in commercial spaces.
Global Smart Lighting and Control System Market Growth by Region 2024-2031
Europe Holds Major Market Share
The market growth is attributed to the expanding use of consistent performance requirements and drafting safety for specific indoor commercial smart lighting for parking lots, garages, and roads. As LED designs and technology continue to progress, dedicated LED luminaires and LED replacement smart bulbs are emerging as the primary growth areas in the lighting sector. According to the International Energy Association (IEA), in 2022, Almost 80.0% of the global lighting energy consumption is now covered by such standards, rising to more than 90.0% in Europe. As new products are introduced into the market, established producers of smart lighting are diversifying their product lines to gain an advantage in the lighting market. There is an impending glut of specialized smart luminaire suppliers for applications including down lighting, task lighting, landscape lighting, general ambient illumination, and outdoor general area lighting.
Market Players Outlook
*Note: Major Players Sorted in No Particular Order.
The major companies serving the smart lighting and control system market include Acuity Brands, Inc., General Electric Co., Honeywell International Inc., Koninklijke Philips N.V. (Signify), and Legrand Group among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers and acquisitions to stay competitive in the market.
Recent Developments
- In February 2024, Siemens and Enlighted, a property technology company owned by Siemens, announced a strategic partnership with Zumtobel Group, a lighting solutions provider, to advance the adoption of smart building technologies including intelligent IoT lighting, setting new standards for efficiency and sustainability in building operations globally.
- In August 2023, Signify, the in lighting, introduced a new product category with Philips Hue Secure smart cameras, sensors, and app features to help secure the home. Philips Hue Secure allows monitoring the home in real-time, and it offers instant motion alerts and unique light and sound alarms to help deter intruders. The new security center in the Philips Hue app offers features that are even more advanced when users subscribe to a plan.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the smart lighting and control system market. Based on the availability of data, information related to new products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Industry Trends
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Acuity Brands, Inc.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. General Electric Co.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Honeywell International Inc.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Koninklijke Philips N.V. (Signify)
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Legrand Group
3.6.1. Overview
3.6.2. Financial Analysis
3.6.3. SWOT Analysis
3.6.4. Recent Developments
3.7. Key Strategy Analysis
4. Market Segmentation
4.1. Global Smart Lighting and Control System Market by Type
4.1.1. Fluorescent Lamps and Compact Fluorescent Lamps
4.1.2. High-Intensity Discharge Lamps (HID)
4.1.3. Light Emitting Diodes (LED) Lights and Lamp
4.2. Global Smart Lighting and Control System Market by Component
4.2.1. Control & Communication
4.2.2. Intelligent Luminaries
4.2.3. Sensors
4.2.4. Microcontrollers
4.2.5. Dimmers and Actuators
4.2.6. Transmitters and Receivers
4.3. Global Smart Lighting and Control System Market by Technology
4.3.1. Wired (Programmable Logic Controller (PLC), Power over Ethernet (POE) and Other)
4.3.2. Wireless (Bluetooth, Smartphone & Other (Wi-Fi))
4.4. Global Smart Lighting and Control System Market by End-Users
4.4.1. Industrial
4.4.2. Residential
4.4.3. Commercial
4.4.4. Public Utilities
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
5.4.1. Latin America
5.4.2. Middle East and Africa
6. Company Profiles
6.1. Belkin International, Inc.
6.2. Bridgelux, Inc.
6.3. Cree, Inc.
6.4. Current Lighting Solutions, LLC
6.5. Digital Lumens, Inc.
6.6. Eaton Corp.
6.7. Enlighted, Inc.
6.8. Havells India Ltd.
6.9. Helvar
6.10. Hubbell Inc.
6.11. Innovative Lighting, LLC
6.12. Leviton Manufacturing Co., Inc
6.13. LG Electronics Inc.
6.14. Lutron Electronics Co., Inc.
6.15. OSRAM GmbH
6.16. Panasonic Corp.
6.17. Samsung Electronics Co., Ltd.
6.18. Schneider Electric SE
6.19. Zumtobel Lighting GmbH
1. Global Smart Lighting and Control System Market Research And Analysis By Type, 2023-2031 ($ Million)
2. Global High-Intensity Discharge (HID) Lamps Smart Lighting And Control System By Region, 2023-2031 ($ Million)
3. Global Light Emitting Diodes (LED) Lights And Lamp Smart Lighting And Control System Market Research And Analysis By Region, 2023-2031 ($ Million)
4. Global Fluorescent Lamps And Compact Fluorescent Lamps Smart Lighting And Control System Market Research And Analysis By Region, 2023-2031 ($ Million)
5. Global Smart Lighting and Control System Market Research And Analysis By Component, 2023-2031 ($ Million)
6. Global Sensors Smart Lighting And Control System Market Research And Analysis By Region, 2023-2031 ($ Million)
7. Global Microcontrollers Smart Lighting And Control System Market Research And Analysis By Region, 2023-2031 ($ Million)
8. Global Control & Communication Smart Lighting And Control System Market Research And Analysis By Region, 2023-2031 ($ Million)
9. Global Intelligent Luminaries Smart Lighting And Control System Market Research And Analysis By Region, 2023-2031 ($ Million)
10. Global Dimmers and Actuators Smart Lighting And Control System Market Research And Analysis By Region, 2023-2031 ($ Million)
11. Global Transmitters and Receivers Smart Lighting And Control System Market Research And Analysis By Region, 2023-2031 ($ Million)
12. Global Smart Lighting and Control System Market Research And Analysis By Technology, 2023-2031 ($ Million)
13. Global Wired Smart Lighting And Control System Market Research And Analysis By Region, 2023-2031 ($ Million)
14. Global Wireless Smart Lighting And Control System Market Research And Analysis By Region, 2023-2031 ($ Million)
15. Global Smart Lighting and Control System Market Research And Analysis By End-User, 2023-2031 ($ Million)
16. Global Smart Lighting and Control System For Industrial Market Research And Analysis By Region, 2023-2031 ($ Million)
17. Global Smart Lighting and Control System For Residential Market Research And Analysis By Region, 2023-2031 ($ Million)
18. Global Smart Lighting and Control System For Commercial Market Research And Analysis By Region, 2023-2031 ($ Million)
19. Global Smart Lighting and Control System For Public Utilities Market Research And Analysis By Region, 2023-2031 ($ Million)
20. Global Smart Lighting and Control System Market Research And Analysis By Region, 2023-2031 ($ Million)
21. North American Smart Lighting and Control System Market Research And Analysis By Country, 2023-2031 ($ Million)
22. North American Smart Lighting and Control System Market Research And Analysis By Type, 2023-2031 ($ Million)
23. North American Smart Lighting and Control System Market Research And Analysis By Component, 2023-2031 ($ Million)
24. North American Smart Lighting and Control System Market Research And Analysis By Technology, 2023-2031 ($ Million)
25. North American Smart Lighting and Control System Market Research And Analysis By End-User, 2023-2031 ($ Million)
26. European Smart Lighting and Control System Market Research And Analysis By Country, 2023-2031 ($ Million)
27. European Smart Lighting and Control System Market Research And Analysis By Type, 2023-2031 ($ Million)
28. European Smart Lighting and Control System Market Research And Analysis By Component, 2023-2031 ($ Million)
29. European Smart Lighting and Control System Market Research And Analysis By Technology, 2023-2031 ($ Million)
30. European Smart Lighting and Control System Market Research And Analysis By End-User, 2023-2031 ($ Million)
31. Asia-Pacific Smart Lighting and Control System Market Research And Analysis By Country, 2023-2031 ($ Million)
32. Asia-Pacific Smart Lighting and Control System Market Research And Analysis By Type, 2023-2031 ($ Million)
33. Asia-Pacific Smart Lighting and Control System Market Research And Analysis By Component, 2023-2031 ($ Million)
34. Asia-Pacific Smart Lighting and Control System Market Research And Analysis By Technology, 2023-2031 ($ Million)
35. Asia-Pacific Smart Lighting and Control System Market Research And Analysis By End-User, 2023-2031 ($ Million)
36. Rest Of The World Smart Lighting and Control System Market Research And Analysis By Region, 2023-2031 ($ Million)
37. Rest Of The World Smart Lighting and Control System Market Research And Analysis By Type, 2023-2031 ($ Million)
38. Rest Of The World Smart Lighting and Control System Market Research And Analysis By Component, 2023-2031 ($ Million)
39. Rest Of The World Smart Lighting and Control System Market Research And Analysis By Technology, 2023-2031 ($ Million)
40. Rest Of The World Smart Lighting and Control System Market Research And Analysis By End-User, 2023-2031 ($ Million)
1. Global Smart Lighting and Control System Market Research And Analysis By Type, 2023 Vs 2031 (%)
2. Global High-Intensity Discharge (HID) Lamps Smart Lighting And Control System Market Share By Region, 2023 Vs 2031 (%)
3. Global Light Emitting Diodes (LED) Lights And Lamp Smart Lighting And Control System Market Share By Region, 2023 Vs 2031 (%)
4. Global Fluorescent Lamps And Compact Fluorescent Lamps Smart Lighting And Control System Market Share By Region, 2023 Vs 2031 (%)
5. Global Smart Lighting and Control System Market Share By Component, 2023 Vs 2031 (%)
6. Global Sensors Smart Lighting And Control System Market Share By Region, 2023 Vs 2031 (%)
7. Global Microcontrollers Smart Lighting And Control System Market Share By Region, 2023 Vs 2031 (%)
8. Global Control & Communication Smart Lighting And Control System Market Share By Region, 2023 Vs 2031 (%)
9. Global Intelligent Luminaries Smart Lighting And Control System Market Share By Region, 2023 Vs 2031 (%)
10. Global Dimmers and Actuators Smart Lighting And Control System Market Share By Region, 2023 Vs 2031 (%)
11. Global Transmitters and Receivers Smart Lighting And Control System Market Share By Region, 2023 Vs 2031 (%)
12. Global Smart Lighting and Control System Market Share By Technology, 2023 Vs 2031 (%)
13. Global Wired Smart Lighting And Control System Market Share By Region, 2023 Vs 2031 (%)
14. Global Wireless Smart Lighting And Control System Market Share By Region, 2023 Vs 2031 (%)
15. Global Smart Lighting and Control System Market Share By End-User, 2023 Vs 2031 (%)
16. Global Smart Lighting and Control System For Industrial Market Share By Region, 2023 Vs 2031 (%)
17. Global Smart Lighting and Control System For Residential Market Share By Region, 2023 Vs 2031 (%)
18. Global Smart Lighting and Control System For Commercial Market Share By Region, 2023 Vs 2031 (%)
19. Global Smart Lighting and Control System For Public Utilities Market Share By Region, 2023 Vs 2031 (%)
20. Global Smart Lighting and Control System Market Share By Region, 2023 Vs 2031 (%)
21. US Smart Lighting and Control System Market Size, 2023-2031 ($ Million)
22. Canada Smart Lighting and Control System Market Size, 2023-2031 ($ Million)
23. UK Smart Lighting and Control System Market Size, 2023-2031 ($ Million)
24. France Smart Lighting and Control System Market Size, 2023-2031 ($ Million)
25. Germany Smart Lighting and Control System Market Size, 2023-2031 ($ Million)
26. Italy Smart Lighting and Control System Market Size, 2023-2031 ($ Million)
27. Spain Smart Lighting and Control System Market Size, 2023-2031 ($ Million)
28. Rest Of Europe Smart Lighting and Control System Market Size, 2023-2031 ($ Million)
29. India Smart Lighting and Control System Market Size, 2023-2031 ($ Million)
30. China Smart Lighting and Control System Market Size, 2023-2031 ($ Million)
31. Japan Smart Lighting and Control System Market Size, 2023-2031 ($ Million)
32. South Korea Smart Lighting and Control System Market Size, 2023-2031 ($ Million)
33. Rest Of Asia-Pacific Smart Lighting and Control System Market Size, 2023-2031 ($ Million)
34. Rest Of The World Smart Lighting and Control System Market Size, 2023-2031 ($ Million)
35. Latin America Smart Lighting and Control System Market Size, 2023-2031 ($ Million)
36. Middle East And Africa Smart Lighting and Control System Market Size, 2023-2031 ($ Million)
