The Lighting Control System Global Market Report 2023, provides comprehensive information on the lighting control system market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global lighting control system market is expected to grow from $30.82 billion in 2022 to $36.56 billion in 2023 at a compound annual growth rate (CAGR) of 18.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The lighting control system market is expected to reach $70.63 billion in 2027 at a CAGR of 17.9%.
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Advancements in technology are a key trend gaining popularity in the lighting control system market. Major companies operating in the lighting control system market are using advanced technologies to sustain their position in the market. For instance, in August 2021, Intermatic Incorporated, a US-based appliance, electrical, and electronics manufacturing company, launched the new ARISTATM Advanced Lighting Control System, a programmable smart lighting solution for up to 10,000 ft2 of commercial and public facilities. Users can adapt ARISTA to their project requirements using a range of modular components, and installation challenges are eliminated by deliberate design choices like battery-powered sensors and secure Bluetooth 5.0 mesh networking technologies.
The lighting control system market is segmented:
1) By Installation Type: New Installation, Retrofit
2) By Offering: Hardware, Software, Services
3) By Communication Protocol: Wired, Wireless
4) By End-Use: Indoor, Outdoor
North America was the largest region in the lighting control system market in 2022.
The table of contents in TBRC’s lighting control system market report includes:
- Executive Summary
- Lighting Control System Market Characteristics
- Lighting Control System Market Trends And Strategies
- Lighting Control System Market – Macro Economic Scenario
- Lighting Control System Market Segmentation
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- Global Lighting Control System Market Competitive Benchmarking
- Global Lighting Control System Market Competitive Dashboard
- Key Mergers And Acquisitions In The Lighting Control System Market
- Lighting Control System Market Future Outlook and Potential Analysis
- Appendix
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