by Smart lighting control systems offer advanced lighting management through integration of sensors, switches and ballasts/LED drivers with a centralized control network, enabling remote monitoring and control of lighting levels. The systems allow adjustment of light intensity based on occupancy and daylight detection for optimal energy savings.
The global Smart Lightning Control Market is estimated to be valued at US$21.03 Billion in 2023 and is expected to exhibit a CAGR of 5.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends
The adoption of smart homes equipped with automated control systems for lighting and other appliances has been on the rise globally, driven by the need for enhanced energy efficiency and convenience benefits. Smart lighting control solutions facilitate centralized remote operations and scheduling of lights according to presence detection, daily routines and ambient lighting conditions. This has significantly boosted their deployment in residential as well as commercial sectors such as offices, hotels and retail spaces in recent years.
SWOT Analysis
Strength: Smart lightning control systems offer enhanced energy efficiency and lower energy costs for users. They enable automatic adjustment of light intensity based on ambient lighting conditions.
Weakness: High initial installation and infrastructure costs associated with upgrading to smart control systems. Also, lack of standardization across platforms increases integration challenges.
Opportunity: Rising focus on green buildings and sustainability is driving the adoption of energy-efficient lighting solutions. Rapid urbanization in developing regions also presents an opportunity.
Threats: Conventional light fixtures still account for a large share of the market. Also, security issues over connectivity of smart systems pose a challenge.
Key Takeaways
The global Smart Lightning Control Market Demand is expected to witness high growth over the forecast period driven by supportive government policies and initiatives towards energy savings. Rapid digitization and a growing focus on smart city projects will further aid market expansion. The global Smart Lightning Control Market is estimated to be valued at US$21.03 Billion in 2023 and is expected to exhibit a CAGR of 5.3% over the forecast period 2023 to 2030.
The Asia Pacific region currently dominates the market and is expected to continue its lead through 2030. China, India and other developing Asian countries are actively pushing investments in smart infrastructure and networked lighting thereby driving regional demand.
Key players operating in the smart lightning control market are Siemens, GE, Voith, ANDRITZ, Toshiba, Harbin Electric, BHEL, Hitachi, Kirloskar, Ansaldo Energia. There is increasing focus among these players on developing integrated solutions with advanced connectivity and data analytics capabilities. Partnerships with technology companies is also a key strategy to expand offerings.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
