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Global Lighting Control Systems Market to Grow 14.2%

Global Lighting Control Systems Market to Grow 14.2%

DUBLIN–The “Lighting Control Systems Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 To 2029” report has been added to ResearchAndMarkets.com’s offering.

The global lighting control systems market is expanding at a CAGR of 14.2% during the forecast period from 2021 to 2029.

Companies Mentioned

  • Acuity Brands Lighting Inc.
  • Cree Inc.
  • Eaton Corporation Plc
  • GE Lighting LLC
  • Honeywell International Inc.
  • Hubbell Incorporated
  • Legrand Electric Ltd
  • Leviton Manufacturing Co. Inc.
  • Lutron Electronics Inc.
  • OSRAM Licht AG
  • Philips Lighting Holding B.V.
  • Schneider Electric SE

The growth of this market is mainly credited to the increasing awareness about energy conservation worldwide. Efficient lighting is undervalued as a tool to achieve substantial energy savings. Reducing energy consumption is the key factor in attaining energy sustainability objectives. As a result, controlling light is now one of the utmost needs for minimizing energy costs. When planning energy efficient lighting installations, lighting control systems play a vital role and can help minimize energy consumption by up to 80%. Reducing or eliminating the use of electric light that is not required can save up to 30% of lighting energy costs and over 10% of total building energy costs.

Lighting control systems not only enable the lighting to be adjusted to suit the visual requirements but also allows it to shape and interpret the architecture. These systems assists in controlling lights through dimmers, sensors and timers and help adjust the power consumption in a room to its usage, while optimizing the economic efficiency of a lighting system. It has an ability to regulate the quality and level of light in a given space for precise situations or tasks. Controlling light appropriately not only enhances the experience, but also helps saving energy by using light where and when needed the most.

Rising demand for smart and better lighting infrastructure is another factor contributing towards the market growth. Smart lighting infrastructure provides assistance in sensing movement and number of people in the immediate vicinity, and then adjusts lights accordingly. Thus, development of smart lighting infrastructures likely to enhance further the growth of lighting control systems market.

Key questions answered in this report

  • What was the market size of lighting control system in 2019 and forecast up to 2029?
  • What are the key factors driving the global lighting control system market?
  • What are the key market trends and high-growth opportunities observed in the lighting control system market?
  • What are the drivers of the lighting control system market?
  • What are the challenges deterring the growth of lighting control system market?
  • Which is the largest regional market for lighting control system market?
  • Which segment will grow at a faster pace? Why?
  • Which region will drive the market growth? Why?
  • Which players are leading the lighting control system market?
  • What are the sustainability strategies adopted by the key players operating in the market?

Key Topics Covered:

1. Preface

2. Executive Summary

3. Market Dynamics

3.1. Introduction

3.1.1. Global LCS Market Value, 2019 – 2029, (US$ Bn)

3.2. Market Dynamics

3.2.1. Market Drivers

3.2.2. Market Restraints

3.3. See-Saw Analysis

3.3.1. Impact Analysis of Drivers and Restraints

3.4. Attractive Investment Proposition, by Geography, 2020

3.5. Market Positioning of Key Players, 2020

3.5.1. Major Strategies Adopted by the Key Players

4. Global Lighting Control Systems (LCS) Market, by Component, 2019 – 2029 (US$ Bn)

5. Global Lighting Control Systems (LCS) Market, by Connectivity Type, 2019 – 2029 (US$ Bn)

6. Global Lighting Control Systems (LCS) Market, by End-user, 2019 – 2029 (US$ Bn)

7. North America Lighting Control Systems (LCS) Market Analysis, 2019 – 2029 (US$ Bn)

8. Europe Lighting Control Systems (LCS) Market Analysis, 2019 – 2029 (US$ Bn)

9. Asia Pacific Lighting Control Systems (LCS) Market Analysis, 2019 – 2029 (US$ Bn)

10. Rest of the World Lighting Control Systems (LCS) Market Analysis, 2019 – 2029 (US$ Bn)

11. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/rrt748

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