Global Intelligent Lighting Controls accounted for $7.49 billion in 2019 and is expected to reach $30.93 billion by 2027 growing at a CAGR of 19.4% during the forecast period. Increasing household spending, lighting in commercial modernization, and expansion of this technology in smart cities are some key factors influencing the market growth.
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By geography, Asia Pacific is expected to grow at a faster rate due to rise in government investments for developing smart homes in developing countries like China and India. A high rate of production and the consumption of the lighting products in the region are also attracting foreign key players to invest in the country.
Some of the key players in Intelligent Lighting Controls Market include Acuity Brands Inc, Lutron Electronics Co. In, Osram GmbHP, Philips Lighting, Schneider Electric, Honeywell Internationl Inc., Hubbell Incorporated, Legrand, Leviton Manufacturing Co. Inc, LSI Industries Inc, Control4 Corporation, Cree Inc, Eaton Corporation PLC, Enlighted Inc, and General Electric Company.
Components Covered in Intelligent Lighting Controls Market
• Dimmers and Switches Actuators
• Ballasts & Light Emitting Diodes (LED) Drivers
• Gateways
• Intelligent Luminaries
• Microprocessors and Microcontrollers
• Power Controllers
• Relay Units
• Sensors
• Switches
• Transmitters and Receivers
Connections Types Covered:
• Wired Technology
• Wireless Technology
Light Sources Covered:
• Fluorescent Lamp (FL)
• High Intensity Discharge (HID) Lamps
• Light Emitting Diode (LED)
Applications Covered:
• Automotive
• Commercial
• Hospitality
• Industrial
• Residential
• Outdoor Application
• Smart Cities
• Public Utilities
• Media & Entertainment
• Manufacturing
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