Lighting Control System Market size was valued at USD 19.02 billion in 2024 and is likely to cross USD 141.62 billion by 2037, expanding at more than 16.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of lighting control system is estimated at USD 21.56 billion. This growth in market revenue is set to be influenced by the growing adoption of LED lights since it is estimated that it saves energy. For instance, when compared to conventional incandescent bulbs, LEDs can save up to 90% on energy and have a 25-times longer lifespan. Further, the LED lighting is supported by the lighting control system, which makes automated scheduling, dimming, and occupancy-based management possible, further lowering energy consumption and maintenance expenses.
Additionally, there has been growth in number of parking lots which requires effective lighting solution. Therefore, the adoption od LED lighting is growing further boost the market for lighting control systems in order to create efficient control set up.
Growth Drivers
Challenges
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
16.7% |
Base Year Market Size (2024) |
USD 19.02 billion |
Forecast Year Market Size (2037) |
USD 141.62 billion |
Regional Scope |
|
End Use Application [Indoor (Residential, Commercial, Industrial), Outdoor (Highways & Roadways Lighting, Architectural Lighting, Lighting for Public Places)]
The indoor segment in the lighting control system market is expected to generate the highest revenue share by the end of 2037. The growth of the segment can be attributed to growth in number of commercial spaces such as school, malls, and more. Not only in office spaces and industries but the adoption of lighting control system by residential sector is also experiencing surge. Moreover, growth in construction of luxury house is also estimated to influence the demand for lighting control system.
Component [Hardware (LED Drivers & Ballasts, Sensors, Switches & Dimmers, Relay Units, Gateways, Others), Software, Services]
Lighting control system market from the software segment is projected to grow at the highest CAGR of 17.79% over the forecast period. A wide range of software and applications are available for the implementation of lighting control systems. A wide range of tasks may be carried out by the software, such as finding control points, establishing control points to zones, programming sequences of operation for zones, calibrating sensors, tracking control points, sending service alerts/alarms, keeping track of energy use and other data collected, backing up data and event logs, and creating users/access levels.
Our in-depth analysis of the global market includes the following segments:
Component |
|
Technology |
|
APAC Market Forecast
The market for lighting control system for Asia Pacific is estimated to generate the 30% revenue share by 2037. APAC is the largest and fastest-growing regional lighting control system market in the globe due to rapid urbanization. Asia is inhabited to over than 2.2 billion people, or 54% of the world's urban population. In Asia, another 1.2 billion people are expected to reside in urban areas by 2050, a growth of 50%. Hence, this growth in urban populations is estimated to consume and also waste more energy. As a result, the market is growing in this region.
North American Market Analysis
The North America lighting control system market is projected to have significant growth over the forecast period. The region’s lighting control systems have undergone significant technological developments, including the integration of wireless connectivity, and sophisticated sensors. With the utilization of these technologies, lighting systems may be intelligently monitored in real time and connected seamlessly, improving both user comfort and energy savings. Hence, with the growing technology advancement in this region the market is expected to grow.
Author Credits: Abhishek Verma
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?