Smart Lighting and Control Systems

Smart Lighting and Control Systems

Global Smart Lighting and Control Systems Market to Reach US$172.0 Billion by 2030

The global market for Smart Lighting and Control Systems estimated at US$53.2 Billion in the year 2023, is expected to reach US$172.0 Billion by 2030, growing at a CAGR of 18.3% over the analysis period 2023-2030. Wired Smart Lighting and Control Systems, one of the segments analyzed in the report, is expected to record a 15.4% CAGR and reach US$94.5 Billion by the end of the analysis period. Growth in the Wireless Smart Lighting and Control Systems segment is estimated at 22.2% CAGR over the analysis period.

The U.S. Market is Estimated at US$11.5 Billion While China is Forecast to Grow at 22.4% CAGR

The Smart Lighting and Control Systems market in the U.S. is estimated at US$11.5 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$26.6 Billion by the year 2030 trailing a CAGR of 22.4% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 14.9% and 16.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 16.1% CAGR.

Global Smart Lighting and Control Systems Market - Key Trends & Drivers Summarized

Smart lighting and control systems have revolutionized the way we manage lighting in both residential and commercial spaces. These systems integrate advanced technologies such as sensors, wireless communication, and IoT to provide automated and energy-efficient lighting solutions. Smart lighting allows users to control lights remotely, adjust brightness levels, and create customized lighting schedules through mobile apps or voice commands. This technology not only enhances convenience but also contributes to significant energy savings and improved lighting quality.

The components of smart lighting systems include smart bulbs, motion detectors, light dimmers, and central control units. These elements work together to provide dynamic lighting solutions that can adapt to the occupants` needs and preferences. In commercial settings, smart lighting is used to optimize energy consumption by adjusting light levels based on occupancy and natural light availability. In residential spaces, these systems offer enhanced security features, such as automated lighting schedules that simulate occupancy when the home is vacant. The integration of smart lighting with other smart home devices, such as thermostats and security systems, further amplifies its benefits.

The growth in the smart lighting and control systems market is driven by several factors. The increasing adoption of IoT and smart home technologies has significantly boosted the demand for smart lighting solutions. Technological advancements, such as the development of energy-efficient LED bulbs and advanced wireless communication protocols, have made smart lighting more accessible and affordable. The growing awareness of energy conservation and the need to reduce carbon footprints have led both consumers and businesses to invest in smart lighting systems. Government initiatives promoting energy-efficient lighting solutions and the development of smart cities are also major drivers. Additionally, the increasing trend of home automation and the integration of smart lighting with other home control systems are further propelling market growth.

Select Competitors (Total 97 Featured) -

• ABB Ltd.
• Belkin international, Inc.
• Delta Electronics, Inc.
• Crestron Electronics, Inc.
• Acuity Brands Lighting Inc.
• Control4 Corporation
• Bridgelux, Inc.
• Deco Lighting, Inc.
• Cooper Lighting, LLC
• Cree Lighting
• Advanced Solutions Nederland B.V.
• Deako
• Ario Inc.
• CareOS
• Casambi Technologies Oy / Inc.

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