IMARC Group’s latest research report, titled “Intelligent Lighting Controls Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
The global intelligent lighting controls market reached a value of US$ 9.34 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 24.76 Billion by 2027, exhibiting a CAGR of 16.30% during 2022-2027. Intelligent lighting controls is a network-based lighting control solution that uses various components, such as movable illumination sensors, transmitters and receivers, and microcontrollers, for controlling the lighting of a space. The control systems improve energy efficiency and performance while adhering to building codes and complying with green building requirements and energy conservation programs.
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Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation by type, connectivity type and application.
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape for Intelligent Lighting Controls Market
- Strategies of major players and product offerings
The global market is majorly driven by the growing requirement for energy-efficient connected lighting controls. In line with this, the high demand for cost-effective and energy-saving OLED lighting is significantly contributing to the market. Furthermore, the improved connectivity and continual advancements in technological solutions are facilitating the adoption of intelligent lighting control systems across various verticals. Moreover, the increasing number of smart city projects across the globe and an enhanced focus on sustainable development are catalyzing the market growth. Additionally, the introduction of numerous government energy-saving schemes across the globe is providing a boost to the market.
Key Players Included in Global Intelligent Lighting Controls Market Research Report:
- Acuity Brands Inc.
- ams-OSRAM AG
- Control4 Corporation (Snap One LLC)
- Enlighted Inc.
- General Electric Company
- Honeywell International Inc.
- Hubbell Incorporated
- Leviton Manufacturing Co. Inc.
- Lutron Electronics Co. Inc.
- Schneider Electric SE
- Signify Holding B.V.
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COVID-19 Impact Overview:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Key Market Segmentation:
Breakup by Type:
- Ballasts and LED Drivers
- Dimmers and Switch Actuators
- Transmitters and Receivers
Breakup by Connectivity Type:
Breakup by Application:
- Commercial Buildings
- Residential Buildings
- Public Utilities
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
TOC for the Intelligent Lighting Controls Market Research Report:
- Scope and Methodology
- Executive Summary
- Global Intelligent Lighting Controls Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Who we are:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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