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Intelligent Lighting Controls Market Size
Intelligent Lighting Controls Market is expected to record strong growth trends throughout 2024-2032 as there is a robust demand for energy-efficient lighting solutions. Customers are becoming more aware of the importance of energy management as it can help reduce their carbon footprint. Governments are also increasing their focus on finding different ways to reduce electricity consumption.
For instance, in August 2022, the U.S. government announced the launch of the Climate Smart Buildings Initiative to modernize the country’s public infrastructure and achieve around 2.8 million metric tons of GHG emission reductions every year by 2030.
Intelligent Lighting Controls Market Trends
The incorporation of smart technologies in public lighting systems has caused a significant surge in R&D investments for infrastructure development. For example, in March 2022, the U.K. Department for Business, Energy & Industrial Strategy (BEIS) allotted funds worth more than USD 30.3 billion to the U.K. Research & Innovation (UKRI) to support various R&D activities. Moreover, the need for cost-effective and energy-saving solutions is growing among end-users, thereby prompting the usage of OLED lighting. Also, smart city projects across developing countries will positively influence the industry progress.
Intelligent Lighting Controls Market Analysis
Based on component, the ballasts & LED drivers segment is predicted to witness substantial growth through 2032 as they are increasingly adopted in professional buildings to offer effective lighting maintenance and energy management. Extensive usage of LED lighting by 2027 can save electricity equivalent to that produced by 44 large electrical power plants. Research efforts are increasing to study the efficiency of electronic ballasts, resulting in their higher deployment in personal lighting control systems. The wide availability of a diverse range of LEDs will fuel the industry expansion.
In terms of connectivity, the wireless segment is anticipated to capture a substantial market share by 2032 due to the growing penetration of these systems in indoor & outdoor architectural lightings. Wireless lighting devices are largely preferred for remodeling projects as they are more affordable than retrofitting wired systems. Novel product launches will further accelerate the segment growth.
North America intelligent lighting controls market size is set to expand at a significant pace through 2032 due to the growing number of government regulations. Focus on reducing CO2 emissions has prompted end-users to find ways to ensure effective power usage. For example, the U.S. government aims to achieve net-zero emission operations by 2050 by switching to zero-emission vehicles and buildings that are powered by carbon pollution-free electricity. Governments are also signing energy-saving performance contracts, which might enhance the regional industry outlook.
Intelligent Lighting Controls Market Share
Some of the leading players in global intelligent lighting controls industry are:
- Honeywell International Inc.
- Hubbell Incorporated
- Philips Lighting
- Lutron Electronics Co. Inc.
- OSRAM Licht AG (ams)
- Schneider Electric
- Control4 Corporation (Wirepath Home Systems, LLC)
- LSI Industries Inc.
- Acuity Brands Inc.
- Leviton Manufacturing Co. Inc.
- Enlighted Inc.
- Cree Inc.
- EATON
- General Electric
These firms are employing various strategies, such as partnerships, acquisitions, technological innovations, new product launches, and capacity expansions to strengthen their market position.
Intelligent Lighting Controls Industry News
- In March 2024, Siemens, in collaboration with Enlighted, a prominent property technology firm under Siemens ownership, announced a strategic alliance with Zumtobel Group, a renowned global provider of lighting solutions. This partnership aims to propel the integration of smart building technologies, particularly intelligent IoT lighting systems, thereby establishing pioneering benchmarks for efficiency and sustainability in building operations on a global scale.
- In July 2023, ams OSRAM introduced Osire E3731i, an Intelligent RGB LED revolutionizing interior automotive lighting. Capable of dynamic color and motion effects, it enhances user experience and safety in automotive designs.