According to Our latest research report on “Intelligent Lighting Controls Market ” highlights the substantial global expansion occurring within this sector. The report encompasses projections for the years leading up to 2031, accompanied by a comprehensive analysis of the market’s current size, prevailing trends, market share, and economic insights.
Intelligent lighting control system is an automated technology, which comprises multiple lighting fixtures connected in a network to control lighting. These solutions do not have a centralized controller, rather they are equipped with autonomous controls. Intelligent lighting control systems improve energy efficiency and performance. Intelligent lighting controls have been increasingly adopted owing to the rising need for reducing energy consumption. Moreover, increasing awareness of energy management and electricity demand management have fostered the growth of the global intelligent lighting controls market. In addition, government regulations and incentives on the use of energy-efficient products would also boost the growth of the market.
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However, installation cost and longer payback period of the LED lights have limited the growth of these systems. In future, the introduction of low price sensors and plummeting prices of LED products would minimize the cost of installation; thereby, creating numerous growth opportunities for intelligent lighting controls market.
The world intelligent lighting controls market is segmented based on component type, connectivity type, application and geography. On the basis of components, the market is segmented into sensors, ballasts & LED drivers, microcontrollers, dimmers & switches actuators, transmitters & receivers, and intelligent luminaries. Based on the connectivity types, world intelligent lighting controls systems are categorized into wired and wireless intelligent lighting controls. In the year 2014, wired intelligent lighting controls segment generated around 88.0% of the overall market revenue. However, wireless intelligent lighting controls segment would witness a significant adoption during the forecast period owing to better scalability, flexibility and retrofitting features. Based on applications, the market is segmented into commercial buildings, residential buildings, and public utilities. Commercial buildings segment contributed the maximum revenue share of around 58.0%, followed by public utilities and residential buildings segments.
The world intelligent lighting controls market is segmented on the basis of four geographical regions, which include North America, Europe, Asia-Pacific and LAMEA. Presently, Europe is the leading revenue-generating region in the world. However, Asia-Pacific is forecast to be the highest revenue-generating region from 2017 onwards, owing to increasing adoption of intelligent lighting control systems across various industrial sectors.
KEY BENEFITS
The report provides an in-depth analysis of the intelligent lighting controls market, including information on the current market trends, changing market dynamics, expected trends and market intelligence
Porters five forces illustrate the potency of buyers and sellers operating in the market and develop effective strategies for market growth
Value chain analysis of the industry highlights the key intermediaries and their roles and value addition involved at every stage in the value chain
Insights on the latent opportunities present in the market would help stakeholders to implement appropriate strategic business plans
The key players operating in the market have been profiled in the report to gain an understanding of the strategies adopted by them
KEY PLAYERS
Schneider Electric SE
Honeywell International, Inc.
General Electric Company
Koninklijke Philips N.V.
OSRAM Licht AG
Acuity Brands Lighting, Inc.
Legrand Group
Zumtobel Group AG
Digital Lumens, Inc.
Lutron Electronics Co, Inc.
INTELLIGENT LIGHTING CONTROLS MARKET KEY SEGMENTS
The market is segmented on the basis of component type, connectivity type, end user and geography.
Market by Component Type
Sensors
Ballasts & LED drivers
Microcontrollers
Dimmers & switches actuators
Transmitters & receivers
Intelligent luminaries
Market by Connectivity Type
Wired
Wireless
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Market by End User
Commercial buildings
Residential buildings
Public utilities
Market by Geography
North America
Europe
Asia-Pacific
LAMEA
Table of Contents:
- Introduction and Scope
- Definition and Forecast Parameters
- Methodology and Forecast Parameters
- Information Sources
- Latest Trends Summary
- Regional Trends
- Product Trends
- End-Use Trends
- Business Trends
- Industry Insights
- Industry Fragmentation
- Industry Landscape
- Vendor Matrix
- Technological and Innovative Landscape
- Market by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
- Company Profiles
- Company Overview
- Financial Elements
- Product Landscape
- SWOT Analysis
- Systematic Outlook
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Key Questions the Report Discusses
- What essential elements emerged from both primary and secondary research?
- What will the market’s future potential be?
- Who examines the market report’s complete outcome?
- What obstacles and problems face the growth of an industry?
- What does supply chain analysis for products and market size, share mean?
- Which of the possible manufacturers is still operating in the market?
- What are the advantages, benefits, and applications of the product’s features?
- What are the main trends and influencing factors?
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