Allied Market Research, titled, “Luminaire and Lighting Control Market Size by Product, Component, Light, Technology, and Application: Global Opportunity Analysis and Industry Forecast, 2021-2030″, the global luminaire and lighting control market size was valued at $72.72 billion in 2020, and is projected to reach $130.56 billion by 2030, registering a CAGR of 6.44%. The North America region is expected to be the leading contributor to the global market during the forecast period, followed by Asia-Pacific and Europe.
Download Research Report Sample & TOC: https://www.alliedmarketresearch.com/request-sample/A12534
The luminaire and lighting controls comprise different components that include sensors, LED drivers, dimmers & switch actuators, microcontrollers, transmitters & receivers, and intelligent luminaries. In a typical traditional lighting system, luminaire, sensors, and lighting controllers are installed separately. These sensors are connected to luminaires and control inputs that are aggregated at a control panel that features a controller. The ongoing miniaturization of sensors and controllers allows both to be embedded in luminaires.
The application of luminaire and lighting controls includes both indoor and outdoor. Indoor lighting includes lighting systems that are installed within homes, offices, industrial units, and other smart light systems within the premises boundaries. Lighting controls are devices and systems that turn lighting ON/OFF or raise/lower output according to need. Over the past few years, these functions have become increasingly automated to save energy in the indoor segment, with demand focused on new construction due to energy codes. More recently, lighting controls began to offer advanced features such as onboard intelligence, allowing independent decision-making and addressability within a scalable lighting control network.
The prominent factors that impact the luminaire and lighting control market growth are increasing demand for street and roadway lighting, high development of smart lighting systems, and government initiatives toward energy-saving products. However, high initial installation cost restricts the luminaire and lighting control market growth. On the contrary, the surging development of smart city projects in Asia-Pacific is expected to create lucrative opportunities for the market. Therefore, these factors are expected to affect the development of the global luminaire and lighting control market during the forecast period.
Region-wise, the luminaire and lighting control market trends have been analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America contributed the maximum revenue in 2020. However, between 2020 and 2030, the market in the Asia-Pacific region is expected to grow at a faster rate compared to other regions. This is attributed to an increase in demand from emerging economic countries such as India, China, Japan, and South Korea. The overall luminaire and lighting control market analysis is determined to understand the profitable trends to gain a stronger foothold
The COVID-19 pandemic has significantly impacted global economies, resulting in workforce & travel restrictions, supply chain & production disruptions, and reduced demand & spending across many sectors. A sudden decline in infrastructure development and installation projects is expected to hamper the luminaire and lighting control market growth for residential, commercial, and industrial verticals. The luminaire and lighting controls market size witnessed a dip in its growth rate, owing to delayed construction projects, which led to a substantial impact. However, the demand from the medical industry accelerated during the pandemic.
Inquiry before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/A12534
Luminaire and Lighting Control Market Key Segment:
By Product
Luminaire
Lighting Control
By Component
Hardware
LED Drivers & Ballasts
Sensors
Switches
Dimmers
Relay Units
Gateways
Software
Web-based
Cloud-based
Hybrid
Services
Professional Services
Managed Services
By Light Source
LED
Halogen
Fluorescent
HID (High-Intensity Discharge)
Others
By Technology
Wired
Wireless
Wi-Fi
Bluetooth
ZigBee
Others
By Application
Indoor
Residential
Commercial
Industrial
Others (Public and Government Buildings)
Outdoor
Architectural Lighting
Roadways Lighting
Lighting for Public Places
Others (Rail Lines and Harbors)
Key Findings Of The Study
- In 2020, the hardware segment accounted for the maximum revenue and is projected to grow at a notable CAGR of 6.10% during the forecast period.
- The indoor segment accounted for more than 60% of the global market share in 2020.
- The lighting control segment witnessed the highest growth rate during the forecast period.
- Germany was the major shareholder in the Europe luminaire and lighting control market revenue, accounting for approximately 28% share in 2020.
The key players profiled in the report include Acuity Brands, Inc., Cree, Inc., Eaton Corporation, General Electric, OSRAM AG, Philips N.V., Dialight, Legrand S.A., Lutron Electronics Co., Inc., and Hubbell Incorporated. These players have adopted various strategies, such as partnership, agreement, collaboration, and product launch, to expand their foothold in the luminaire and lighting control industry.
About Us:
Allied Market Research is a top provider of market intelligence that offers reports from leading technology publishers. Our in-depth market assessments in our research reports take into account significant technological advancements in the sector. In addition to other areas of expertise, AMR focuses on the analysis of high-tech systems and advanced production systems. We have a team of experts who compile thorough research reports and actively advise leading businesses to enhance their current procedures. Our experts have a wealth of knowledge on the topics they cover. Also, they use a variety of tools and techniques when gathering and analyzing data, including patented data sources.
Contact Us:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int’l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
[email protected]
