Global smart lighting and control systems market analysis and insights
Lighting constitutes approximately 15% of the global electricity consumption and contributes to 5% of greenhouse gas emissions. The continuous growth of economies, increasing demand for high-quality lighting, and the rebound effects of affordable and versatile electric lighting have led to a significant rise in overall lighting energy usage. As a result, more light is being utilized, often without conscious consideration.
In the past decade, the electric lighting market, as well as the sectors of facade lighting, daylighting, and building automation, have witnessed notable technological advancements. However, these sectors have predominantly operated independently of each other, failing to capitalize on the immense potential for improved technology integration and market collaboration. Such integration holds two key benefits: it enables the provision of superior user-centered lighting for indoor spaces and contributes significantly to reducing global electricity consumption and CO2 emissions. These goals align with various governmental targets for energy efficiency and sustainability.
Numerous control systems have been proposed by lighting manufacturers, motor manufacturers for shading systems, specific manufacturers of Building Management Systems (BMS), and manufacturers of components for luminaires, switches, transformers, internet gateways, sensors, and more. This diverse range of solutions creates a complex and dynamic market environment for consumers such as installers, facility managers, and building occupants. This environment undergoes frequent changes, occurring either annually or even monthly. Despite the rapid pace of market development, certain control principles remain relatively independent of technological progress.
The global Smart Lighting and Control Systems market estimated at US$42.7 billion in the year 2022 is now projected to grow at a CAGR of 17.15% and reach US$110.3 billion by 2028.
Smart lighting and control systems regional market insights
North American smart lighting and control systems market is expected to grow significantly over the forecast period. This growth can be attributed to the increasing adoption of lighting control systems in residential and industrial sectors in the region. United States contributed around 78% of the total North American smart lighting and control systems market and is estimated to have a market value of US$10.5 billion in the year 2022. Among the other noteworthy geographic markets are Canada and Mexico, each forecast to grow at 16.19% and 14.33% respectively over the 2022-2028 period.
Asia Pacific smart lighting and control systems market is anticipated to witness an upsurge owing to the infrastructure development activities in developing countries (such as China and India), coupled with increasing government initiatives related to energy saving. Furthermore, China, Japan, and India are major contributors to the growth of global LED lighting market, due to the booming construction industry and the presence of many market players offering LED lighting products for various applications. China is expected to dominate the Asia-Pacific market and reach a market size of US$20.8 billion by 2028.
Within Europe, France, Germany, and the U.K. are the key countries responsible for the significant growth of the regional market. Germany is expected to grow at a fastest CAGR of 15.83% over the forecast period.
Meanwhile, the Middle East & Africa is expected to show limited growth due to the strong presence of under-developed countries in Africa who are still struggling to meet technology standards. However, any growth that the region experiences is expected to come from developing Middle Eastern nations such as Qatar, U.A.E, and Oman due to a similar growth pattern as the Asia Pacific.
Key players
Key players profiled in the report include ABB; Acuity Brands; Belkin International, Inc; Cree Lighting; Dialight plc; Eaton Corporation plc; Elgato Systems; Enlighted, Inc; General Electric Company; Helvar; Honeywell International Inc; Hubbell Incorporated; Legrand S.A; Leviton Manufacturing Company, Inc; LG Electronics Inc; LightwaveRF Plc; Lutron Electronics Co., Inc; OSRAM GmbH; RAB Lighting, Inc; Schneider Electric SE; Signify N.V.; Synapse Wireless, Inc; Wipro Enterprises (P) Limited and Zumtobel Group AG, among others.
Competitive Landscape
May 24, 2023 – Glamox AS, one of the world’s leading lighting companies, is undertaking a major project to retrofit Stena Line’s fleet of passenger ferries with quality, energy-efficient LED lighting. Replacing mainly fluorescent luminaires with LED luminaires will enable Stena Line to reduce electricity used for lighting by 60 percent. This shift to LED technologies corresponds with Stena Line’s sustainability strategy which includes reducing CO2 emissions from existing vessels by 30 percent.
Jan 03, 2023 – GE Lighting, a Savant company, announced the expansion of its smart home ecosystem, Cync™, with several new products debuting at CES 2023. Expanding its recent entry into the entertainment space for the first time, Cync will be introducing its full Dynamic Effects entertainment line-up that features 16 million colors, pre-set and custom light shows, on-device music-syncing and more. In addition, Cync will be expanding its Wafer light fixture line following a successful launch last year. As with all Cync products, they can be controlled via the Cync app, powered by Savant. Also, Cync will be adopting the new Matter smart home standard with several compatible products set to launch this year and rolling out an integration with Schlage.
Smart lighting and control systems market scope
- By component
- Hardware
- Software
- Services
- By application
- Indoor lighting
- Residential buildings
- Nonresidential buildings
- Commercial buildings
- Institutional buildings
- Healthcare and wellness buildings
- Others
- Outdoor lighting
- Infrastructure lighting
- Transportation systems
- Others
- Indoor lighting
- By distribution channel
- OEM
- Aftermarket
- By Region
- North America
- South America
- Europe
- Asia Pacific
- Middle East and Africa
| Report Attribute | Details |
| No. of Pages | 283 |
| Published | July-2023 |
| Forecast Period | 2022-2028 |
| Estimated Market Size in 2022 | US$42.7 billion |
| Forecasted Market Size by 2028 | US$110.3 billion |
| CAGR | 17.15% |
| Regions Covered | North America, South America, Europe, Asia Pacific, Middle East and Africa |
| Companies Mentioned | ABB; Acuity Brands; Belkin International, Inc; Cree Lighting; Dialight plc; Eaton Corporation plc; Elgato Systems; Enlighted, Inc; General Electric Company; Helvar; Honeywell International Inc; Hubbell Incorporated; Legrand S.A; Leviton Manufacturing Company, Inc; LG Electronics Inc; LightwaveRF Plc; Lutron Electronics Co., Inc; OSRAM GmbH; RAB Lighting, Inc; Schneider Electric SE; Signify N.V.; Synapse Wireless, Inc; Wipro Enterprises (P) Limited and Zumtobel Group AG, among others. |
The research report provides a comprehensive review of market trends (Technology, Product and Application analysis), market growth drivers, PEST Analysis (Political, Economic, Social and Technological Analysis) Market growth inhibitors, and strategic industry activities and SWOT Analysis of key players in the market. The report provides market estimates and forecast for geographic markets such as the North America (United States, Canada, Mexico and Rest of North America), South America (Brazil, Argentina Chile Colombia Peru Venezuela Ecuador and Rest of South America), Europe (Germany, France, U.K., Russia, Italy, Spain, Sweden, Netherlands, Poland, Austria, Belgium, Finland, Norway, Switzerland, Denmark, Czech Republic, Portugal and Rest of Europe), Asia-Pacific (China, Japan, South Korea, Taiwan, India, Australia, Indonesia, Philippines, Malaysia and Rest of Asia-Pacific), Middle East (Iran, Turkey, Kuwait, UAE, Israel, Oman, Bahrain, Saudi Arabia, Qatar, Egypt and Rest of Middle East) & Africa.
Research Methodology
