Intelligent Lighting Controls Market Forecasts to 2028 – Global Analysis By Type (Sensors, Ballasts, Micro Controllers, Integrated Controls, Voice Controllers, Timers, Dimmers, Transmitters & Receivers, LED Drivers, Switch Actuators, Relay Units, Gateways

Intelligent Lighting Controls Market Forecasts to 2028 – Global Analysis By Type (Sensors, Ballasts, Micro Controllers, Integrated Controls, Voice Controllers, Timers, Dimmers, Transmitters & Receivers, LED Drivers, Switch Actuators, Relay Units, Gateways, Occupancy Detectors and Other Types), Connectivity (Wired and Wireless), Application, End User and By Geography

According tStratistics MRC, the Global Intelligent Lighting Controls Market is accounted for $12.11 billion in 2022 and is expected treach $31.73 billion by 2028 growing at a CAGR of 17.41% during the forecast period. Intelligent lighting control system is an automated technology using a network of linked lighting fixtures tregulate illumination. Intelligent lighting control solutions increase performance, customer value, and energy savings. The intelligent lighting controls consist of various components that include sensors, ballasts & LED drivers, dimmers & switch actuators, microcontrollers, transmitters & receivers, and intelligent luminaries. These systems have numerous applications across diverse verticals, including aircraft, cars, home appliances, and many other systems.

According tthe United Nations Human Settlements Program, cities consume 78% of the world's energy and Philips alspredicted that by 2050, 66% of the population may live in cities, due turbanization.

Market Dynamics:

Driver:

Increasing smart city projects

The importance of reducing carbon footprint has increased gradually in recent years, which has greatly accelerated the development of smart city initiatives. Intelligent lighting controls are being installed in parking lots, electric car charging stations, and traffic lights. It offers the data and network infrastructure needed tinterface with (web-based) management systems. These features are profiting the market growth.

Restraint:

Systems can be unreliable

Signal interference can occasionally occur on a wireless network, weakening radisignals and impacting overall data transmission performance. They require more care, even if it's only routine battery replacement. The user may start tlose confidence in the lighting system and complain that it is unreliable or erratic. These prospects hinder the overall growth of the market.

Opportunity:

Government regulations

Governments in several areas have created rules tefficiently use and control power use. China's five-year plan objectives for energy efficiency projects and European 2020 energy targets are examples of the rules put in place by the relevant authorities. Government raised initiatives towards energy saving schemes. Throughout the anticipated period, the usage of intelligent lighting controls would propel as a result of such legislations.

Threat:

High initial installation cost

The main obstacle tearly adoption of smart lighting controls systems is their high initial installation costs. Connected lighting controls are difficult tuse and frequently exceed budgets in terms of time and rework. Automation of lighting results in increased cost savings together with increased energy savings. Because ttheir dependability and inter connectedness, they are expensive tinstall from the ground up which is hampering the market expansion.

Covid-19 Impact

The covid-19 epidemic had an impact on every industry globally. Workers at factories that produce LEDs and other parts for lighting fixtures have been told tstay at home. As one might anticipate, this has had a significant influence on the supply chain for the lighting business. Production has essentially stopped in several areas due ta lack of key parts. The unexpected loss of income led ta rise in light prices. After the epidemic, the market is beginning treclaim its position.

The wireless segment is expected tbe the largest during the forecast period

The wireless segment is estimated thave a lucrative growth, due tits infinitely scalability and cost-effectiveness. Wireless enables a wider range of distance. The wireless lighting control system may be programmed with any on/off schedules, as well as brightness and dimmer adjustments for specified times of day. Also, this helps save energy and electric costs which are driving the growth of the segment.

The smart cities segment is expected thave the highest CAGR during the forecast period

The smart cities segment is anticipated twitness the fastest CAGR growth during the forecast period, due tits accurate actual power consumption. Smart cities can have automated, intelligent illumination due tadvanced lighting control systems. Intelligent lighting control systems can helps tconserve energy and money. It lowers energy and maintenance costs. These aspects are fuelling the segment’s growth.

Region with largest share:

Asia Pacific is projected thold the largest market share during the forecast period owing tits supportive government initiatives. The local administration has launched a number of efforts treduce CO2 emissions and encourage effective power management and use. Also, as smart cities and manufacturing sectors are developing in this region, they choose intelligent lighting for its cost effectiveness which is benefiting the market in this region.

Region with highest CAGR:

Asia Pacific is projected thave the highest CAGR over the forecast period, owing tits technological advancements. Numerous improvements are occurring in several different fields in this region. In addition, when linked lighting systems become more widely used in developing nations, huge expense reductions are made possible through optimum energy use. These factors are raising the market demand in this region.

Key players in the market

Some of the key players profiled in the Intelligent Lighting Controls Market include General Electric Company, Honeywell International Inc, Hubbell Incorporated, Texas Instruments Incorporated, Toshiba Corporation, Taiwan Semiconductor, Leviton Manufacturing Co, CiscSystems Inc., Lutron Electronics Co, Infineon Technologies, Panasonic Corporation, Signify Holdings, Schneider Electric SE, Acuity Brands Inc, ams-OSRAM AG, Control4 Corporation, Enlighted Inc, Koninklijke Philips, Eaton Corporation PLC and Legrand SA.

Key Developments:

In September 2022, Panasonic Corporation, a leading diversified technology company has announced 'The Festival of Life' offer for consumers and launched a wide range of 20 new consumer appliances.

In May 2022, Koninklijke Philips PHG announced several new innovative additions tits existing healthcare solutions portfolio. The new additions include ultra-low contrast percutaneous coronary intervention (ULC-PCI), Dynamic Coronary Roadmap Software, EchoNavigator 2.0, iFR Co-registration and IVUS Co-registration.

In May 2022, General Electrics announced the launch of Lifespan, a new digital product portfolienabling customers toptimize renewable asset performance and operations across their fleet. The Lifespan suite of products are fully integrated, technology agnostic, and were designed side-by-side with operators tdrive improved operations.

Types Covered:
• Sensors
• Ballasts
• MicrControllers
• Integrated Controls
• Voice Controllers
• Timers
• Dimmers
• Transmitters & Receivers
• LED Drivers
• Switch Actuators
• Relay Units
• Gateways
• Occupancy Detectors
• Other Types

Connectivitys Covered:
• Wired
• Wireless

Applications Covered:
• Indoor
• Outdoor

End Users Covered:
• Commercial Buildings
• Residential Buildings
• Public Utilities
• Smart Cities
• Automotive
• Manufacturing
• Media & Entertainment
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements