Factor driving the growth of this market is the growing requirement for energy-efficient connected lighting controls due to the increased awareness to reduce energy consumption. The growing demand for intelligent street lighting systems, upcoming smart city projects in developing economies, rising adoption and decreasing cost of LEDs, and increasing awareness of worldwide consumers and governments about the importance of saving energy, along with the modernization and infrastructure development, are the major factors contributing to the growing demand for lighting control systems
Hardware segment is expected to lead the lighting control system market. Hardware components in lighting products are LED drivers and ballasts, sensors, switches, dimmers, relay units, and gateways. LED drivers and ballast components held a major share of the market for hardware components. Increasing demand for energy-saving lighting systems is a key driving factor for the lighting control system market for hardware.
New installations is expected to hold larger share of the market. The increase in global efforts in infrastructure improvement-related works, mostly in buildings used for residential and commercial purposes, is a driving factor for the dominance of the lighting control system market for new installations.
Lighting control system market for wireless communication protocols is expected to grow at higher CAGR during the forecast period. The development of wireless technologies for lighting control systems is expected to propel the market for wireless communication technologies during the forecast period.
APAC is expected to hold the largest share market and is expected to be the fastest-growing region for the lighting control system market during the forecast period owing to the rapid infrastructure-related activities being undertaken in this region, mainly in China, where smart lighting paves the way for the modernization of infrastructure. Factors such as the ever-growing population, increasing per capita income, as well as vast geographic expansions, have indirectly contributed to the growth of the market for lighting control systems in the Asian countries
Key market players include Signify Holding (Netherlands), Legrand S.A. (France), Eaton Corporation (Ireland), General Electric Company (US), and OSRAM Licht AG (Germany).
Key Questions Addressed by the Report:
· What are the opportunities for lighting control system providers?
· How much growth is expected from hardware, software, and services in the market?
· Who are the major competitors in the market at present and in the near future, and what are their growth strategies?
· What are the major end-use applications of lighting control systems?
· What are the major communication protocols used in lighting control systems, and what are their impact on the lighting control system market and its growth in the near future?
1.1. Market Definition
1.2. Study Scope
1.3. Study Period
1.4. Market Stakeholders
2. Research Methodology
2.1. Secondary Research
2.2. Primary Research
2.3. Research Design
2.4. Data Validation
2.5. Limitations and Assumptions
3. Market Dynamics
3.1.1. Ongoing and Upcoming Smart City Projects in Developing Economies
3.1.2. Increasing use of Led Lights and Luminaries in Outdoor Lighting Applications
3.1.3. Government Initiatives and Policies for Energy Savings
3.1.4. Growing Acceptance of Standard Protocols for Lighting Control Systems
3.2.1. Security and Reliability Issues With Smart Homes
3.2.2. High Initial and Deployment Costs
3.2.3. Interoperability Issues Between Different Network Components
3.3.1. Rapid Transition From Traditional Lighting Systems to Connected Lighting Solutions
3.3.2. Growing Inclination Toward Energy-Efficient Lighting Solutions
4. Executive Summary
5. Lighting Control System Market, By Installation Type
5.1. New installations
5.2. Retrofit installations
6. Lighting Control System Market, By Offering
6.1.1. LED Drivers and ballasts
6.1.5. Relay units
6.2.1. Local/web-based software
6.2.2. Cloud-based software
6.3.1. Professional services
6.3.2. Installation and maintenance services
7. Lighting Control System Market, By End-Use Application
7.2.1. Highways and roadways lighting
7.2.2. Architectural lighting
7.2.3. Lighting for public places
8. Lighting Control System Market, By Communication Protocol
8.1.1. Digital addressable lighting interface (DALI)
8.1.2. Power line communication (PLC)
8.1.3. Power over Ethernet (POE)
8.1.4. Hybrid (Wired)
8.2.2. Bluetooth low energy (BLE)
8.2.6. Hybrid (wireless)
9. Lighting Control System Market, By Region
9.1. North America
9.2.6. Rest of Europe
9.3. Asia Pacific
9.3.4. South Korea
9.3.5. Rest of APAC
9.4. Rest of the World
9.4.1. South America
9.4.2. Middle East and Africa
10. Company Profiles
10.1.Leading Companies in Lighting Control System Market
10.1.1. Signify Holding (Philips Lighting)
10.1.2. Legrand S.A.
10.1.3. Eaton Corporation PLC
10.1.4. General Electric Company (Current-Powered By GE)
10.1.5. OSRAM Licht AG
10.1.6. Acuity Brands, Inc.
10.1.7. Lutron Electronics Co., Inc.
10.1.8. Schneider Electric SE
10.1.9. Honeywell International Inc.
10.1.10. Ideal Industries, Inc.
10.1.11. Hubbell Incorporated
10.2.Other Companies in Lighting Control System Market
*Company introduction, financial information, recent developments, SWOT analysis
11. Conclusion and Recommendations