Global Intelligent Lighting Controls Market to Grow at a CAGR of 17.6% by 2030

Introduction

The intelligent lighting control system is an automated lighting management technology comprising several networked lighting fixtures. Intelligent lighting control solutions enhance the energy efficiency, functionality, and consumer value. These systems have various applications in various industries, including aircraft, vehicles, home appliances, and many more.

To cut energy usage, the use of intelligent lighting controls has increased. In addition, growing awareness of energy management has contributed to the expansion of the global market for intelligent lighting controls. Moreover, government rules regarding the usage of energy-efficient products contribute to the expansion of the industry. The future release of low-cost sensors and falling prices of LED products will reduce installation costs, thereby offering multiple growth prospects for the market for intelligent lighting controls.

Market Dynamics

Increase in Penetration of LED Bulbs and Lightings Globally to Drive the Global Intelligent Lighting Controls Market

The indoor and outdoor use of LED bulbs and architectural lighting has rapidly developed. The widespread use of LEDs has resulted from their decreased cost per unit and their breakthroughs in energy efficiency. Increased sales result from the accessibility of a selection of LEDs on the online and offline marketplaces. In addition, the transformation of conventional systems into autonomous systems in the lighting industry has increased expenditures on lighting items such as LED bulbs and LED lighting solutions. Consequently, integrating IoT and AI to transform traditional infrastructure into smart and automated infrastructure promotes the demand for smart lighting in various applications, which drives the need for intelligent lighting control systems. In addition, the rising usage of smartphones, mobile devices, and other smart consumer electronics, such as the Amazon Echo Dot, which facilitates user access to smart interior lighting, raises the demand for intelligent lighting controls.

Emerging Smart City Projects in Developing Economies to Provide Opportunities for the Global Intelligent Lighting Controls Market

Governments have played a significant role in developing the smart cities market through rules and initiatives centered on deploying smart services as a substantial component of their infrastructure. In May 2012, the General Services Administration (GSA) launched its Smart Buildings initiative to decrease costs and promote smart services by modernizing federal government buildings using connected technologies. This is one such significant recording from recent years. Moreover, governments in APAC's growing economies, including China, South Korea, Dubai, India, Singapore, and Japan, are committed to the intelligent development of their economies. In addition, China has announced 500 smart city pilot projects, representing another massive government investment in the region.

Moreover, Dubai's desire to fulfill the Smart Dubai Plan 2021 objective of transforming the country into a 100 percent paperless government has led to the adoption of smart services in the country. It is driving the growth of the smart cities market. Consequently, the global rise of smart cities and smart infrastructure aids the spread of intelligent lighting controls.

Regional Insights

Region-wise, the global intelligent lighting controls market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America was the highest revenue contributor and is estimated to grow a CAGR of 15.2%. The United States and Canada are at the forefront of adopting new technologies among the nations of North America. This region has reached an advanced state of intelligent lighting control usage. In this region, wireless connectivity-type controllers are gaining popularity. General Electric and Acuity Brands, Inc., among others, have offered intelligent lighting control solutions in the region. North America is experiencing a tremendous demand for sophisticated lighting controls. Different communities and regulatory agencies in North America have mandated the reduction of energy usage and, consequently, CO2 emissions. EPAct was one such regulation in California. This resulted in implementing intelligent lighting control systems, which can help businesses qualify for energy-saving rebate programs offered by municipal and federal utilities.

The Europe intelligent lighting controls market is projected to reach 11425 million by 2030, growing at a CAGR of 16.5%. The European region comprises the United Kingdom, Germany, France, Russia, and the rest of Europe. Due to tight rules and rising electricity costs, Europe is the global leader in adopting energy-efficient products. Schneider Electric, Siemens AG, and other industry leaders in the European region have introduced wireless communicating room controllers that provide intelligent lighting control solutions for small to large Smart Building & Smart Home and Automotive facilities. Approximately 30 percent of all street lighting in Europe is based on technology from the 1960s. Europe has introduced a variety of energy efficiency-improving strategies. These initiatives include a 1.5% annual decrease in national energy sales and the requirement that energy efficiency certificates accompany property sales and renting. It also has minimum energy efficiency criteria and labeling for various products, including boilers, home appliances, lighting, and televisions (EcoDesign). To meet the EU commission's standard, intelligent lighting controls are implemented in the European region.

Asia-Pacific is the third largest region. In the Asia-Pacific region, the adoption of intelligent lighting controls will be driven by the need for lower energy consumption and CO2 emissions, concern for public safety on streets and roads, increased resistance against light pollution, cause for reducing maintenance costs, need for a green image, utility rebates and incentives, and the creation of a sustainable work environment. Continuing growth in the retail and building sectors and rising energy and powerization would make it challenging to meet the electricity demand. These characteristics would lead to the region's widespread use of intelligent lighting.

Key Highlights

• The global intelligent lighting controls market was valued at USD 10.2 billion in 2021 and is projected to reach USD 45 billion by 2030, registering a CAGR of 17.6% during the forecast period (2022 – 2030).
• By type, the global intelligent lighting controls market is segmented into sensors, ballasts & LED drivers, microcontrollers, dimmers & switch actuators, transmitters & receivers, and others. The sensors segment was the highest contributor to the market and is estimated to grow at a CAGR of 20.6% during the forecast period.
• By connectivity type, the global intelligent lighting controls market is bifurcated into wired and wireless. The wired segment was the highest contributor to the market and is estimated to grow at a CAGR of 17.2% during the forecast period.
• By application, the global intelligent lighting controls market is divided into smart cities, automotive, manufacturing, media & entertainment, and others. The smart cities segment was the highest contributor to the market and is estimated to grow at a CAGR of 19.4% during the forecast period.

Competitive Players

Competitive Landscape

The key intelligent lighting controls industry leaders profiled in the report include Acuity Brands, Cisco, Cree, Inc., Eaton, GE Lighting, Honeywell, OSRAM, Panasonic Corporation, Philips, and Siemens.

Recent Developments

Market News

• September 2022 - Siemens AG has launched an open digital business platform, Siemens Xcelerator, to accelerate digital transformation and value creation for customers of all sizes in the industry, buildings, grids, and mobility. The business platform makes digital transformation easier, faster, and scalable. Siemens Xcelerator includes a curated portfolio of internet of things (IoT) enabled hardware, software, and digital services across Siemens and certified third parties; a growing ecosystem of partners; and an evolving marketplace to facilitate interactions and transactions between customers, partners, and developers.
• June 2022 - Siemens, a leader in industrial automation and software, infrastructure, building technology, and transportation, and NVIDIA, a pioneer in accelerated graphics and artificial intelligence (AI), today announced an expansion of their partnership to enable the industrial metaverse and increase the use of AI-driven digital twin technology that will help bring industrial automation to a new level.

Segmentation

Global Intelligent Lighting Controls Market: Segmentation

By Type

• Sensors
• Ballasts & LED Drivers
• Microcontrollers
• Dimmers & Switch Actuators
• Transmitters & Receivers
• Others

By Connectivity Type

• Wired
• Wireless

By Application

• Smart Cities
• Automotive
• Manufacturing
• Media & Entertainment
• Others

By Region

• North America
• Europe
• Asia-Pacific
• LAMEA