Lighting Controls Market
Growth Factors of Lighting Controls Market
The Infrared Imaging market size was valued at USD 32.26 billion in 2023, and the market is now projected to grow from USD 37.07 billion in 2024 to USD 124.45 billion by 2032, exhibiting a CAGR of 16.3% during the forecast period of 2024-2032.
During the outbreak of COVID-19 pandemic, there was an adverse effect on the Lighting Controls market growth as it led to postponement of building projects and decrease in demand of commercial industries. On the other hand, because people were working from home more than ever before and energy efficiency with a touch of home automation was taking center stage, this situation aided in enhancing smart lighting system usage at home. Therefore, changes in consumer behavior triggered development as well as increase in number of people using them for residential purposes.
Connected lighting systems have been vital to the smart and digital conversion of recent towers. This pattern is allegedly likely to continue until this time next year since there has been an increase in worldwide adoption of IoT technologies and interconnected devices within smart city projects. According to analysts, intelligent lighting and control gadgets in smart cities may save maintenance as well as energy costs for lightings by 40% within a year in Lighting Controls Market share. Furthermore, these devices are intended to mitigate the negative effects on the environment.
The wireless control of smart lights systems thru smartphones, pills or voice commands affords comfort and flexibility. Mostly, those systems employ Wi-Fi, ZigBee or Bluetooth to ship and get hold of alerts. Adjustments in brightness and coloration temperature are frequently determined by the point of day, positive sports or user choices. Adaptive lights will increase comfort levels while additionally improving productivity and properly-being. Moreover, users are capable of give you a lot of lighting scenes or modes that they could shop for specific functions along with reading, eating or watching movies. This customization is aimed toward bettering person enjoy and making it extra convenient in nature.
Comprehensive Infrared Imaging Market
The Lighting Control market is growing at an exponential rate due to its market segmentation. These segmentations are methodically segregated by End-users Analysis, by Connectivity Type Analysis, by Product Type Analysis. The End-users Analysis includes commercial, residential, industrial, and highways & roadway lighting. The Connectivity Type Analysis includes wired and wireless. The Product Type Analysis includes sensors, LED drivers and ballasts, dimmers, switches, transmitters and receivers, and others.
The North America area lead the Lighting Control market with the resource of estimate a market size of USD 13.31 billion in 2023 due to advanced technological infrastructure, high adoption rates of smart technologies, stringent energy efficiency regulations, and substantial investments in smart city projects.
The top players in the market play a crucial role in the Semiconductor & Electronics industry assuring industrial prospectus development and setting market standards. These players include, Signify Holding (Netherlands), General Electric Company (U.S.), Schneider Electric (France), Cisco Systems, Inc. (U.S.), Legrand (France), Toshiba Corporation (Japan), Eaton Corporation (Ireland), Lutron Electronics Co., Inc. (U.S.), OSRAM GmbH (Germany), Honeywell International Inc. (U.S.), Acuity Brands, Inc. (U.S.), Cooper Lighting LLC (U.S.) these market players provide a competitive landscape.
In April 2024, CISCO and Toronto-primarily based Morgan Solar announced a pilot assignment to decorate collaboration and meeting areas with sun strength. The startup promotes the improvement of sensible answers that purpose to lessen greenhouse gasoline emissions from traditional power production technologies and provide agencies with new paths to sustainable improvement.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 16.3% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Product Type
- LED Drivers and Ballasts
- Sensors
- Switches
- Dimmers
- Transmitters and Receivers
- Others (Timers and PhotoSensors)
By Connectivity Type
By End-users
- Residential
- Commercial
- Industrial
- Highways & Roadway Lighting
By Region
- North America (By Product Type, By Connectivity Type, By End-users, and By Country)
- U.S. (End-users)
- Canada (End-users)
- Mexico (End-users)
- South America (By Product Type, By Connectivity Type, By End-users, and By Country)
- Brazil (End-users)
- Argentina (End-users)
- Rest of South America
- Europe (By Product Type, By Connectivity Type, By End-users, and By Country)
- U.K. (End-users)
- Germany (End-users)
- France (End-users)
- Italy (End-users)
- Spain (End-users)
- Russia (End-users)
- Benelux (End-users)
- Nordics (End-users)
- Rest of Europe
- Middle East & Africa ((By Product Type, By Connectivity Type, By End-users, and By Country)
- Turkey (End-users)
- Israel (End-users)
- GCC (End-users)
- North Africa (End-users)
- South Africa (End-users)
- Rest of the Middle East & Africa
- Asia Pacific (By Product Type, By Connectivity Type, By End-users, and By Country)
- China (End-users)
- India (End-users)
- Japan (End-users)
- South Korea (End-users)
- ASEAN (End-users)
- Oceania (End-users)
- Rest of Asia Pacific
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