Global lighting control market overview and forcast up to the year 2028

A lighting control system includes time clocks, occupancy sensors, and photocells which are hard-wired for controlling fixed groups of lights separately. Adjustment can be made by hand at the location of every device. The term "lighting control system" can also mean an intelligent networking system of devices. The market trend of lighting control system is the adoption of the Internet of Things (IoT), with the increasing usage of smart devices, such as smartphones, tablets, etc. As the lighting control market is finding its applications in IoT-connected devices, the increase in adoption is resulting in a positive growth of the market.

The lighting control system market is expected to be up to USD 70.56 billion in the year 2028 from USD 19.69 billion in the year 2021 at a CAGR of 16.25%.

Based on installation type, the lighting control system market is classified into new installations and retrofit installations. As for end-user applications,the lighting control system market is segmented into indoor and outdoor. Indoor segment covers residential, commercial, industrial and others. Outdoor segment covers highways and roadways lighting, architectural lighting and lighting for public places, lighting for automobile,etc.

The lighting control system market is highly fragmented because of the geographical presence of major international players. The covered regions are classified into north America,Europe,Asia Pacific,south America,Middel east&Africa.

North America dominates the lighting control system market because of the growing adoption and penetration of lighting control systems . Asia-Pacific is expected to see rapid growth because of the rapid infrastructure building activities.Also, Asia Pacific market covers the largest revenue share in the global lighting control market.

Key Players Operating in Global Lighting Control Market:

Signify Holding
Legrand S.A.
Eaton Corporation
General Electric Company
OSRAM Licht AG
Acuity Brands, Inc.
Leviton Manufacturing Company, Inc.
Lutron Electronics Co. Inc.
Ideal Industries Inc.
Schneider Electric
Honeywell International Inc.

Product launches, high expense on research and development, partnerships and acquisitions, etc. are their main strategies for market growth to keep the intense competition in the global lighting controls market.