Global Lighting Control Market Growth Opportunities / Analysis Report 2022 – ResearchAndMarkets.com

Dublin – (work wire) – Global Lighting Controls Growth Opportunities Report has been added to ResearchAndMarkets.com an offer.

This study provides an overview of the global Lighting Controller market, with analyzes of global and regional revenue, growth drivers and restraints, notable acquisitions and restructuring activities, and growth opportunities.

The global lighting control market will grow by 4.7% in 2021 after witnessing a slowdown to 6.3% growth in 2020 due to the COVID-19 pandemic. The market is expected to reach pre-COVID-19 growth rates in 2023 and generate $11.82 billion in revenue by 2028, expanding at a CAGR of 7.5% from 2021 to 2028.

North America has the largest revenue share in the global lighting control market, a trend that is expected to continue through 2028. The regional market is rapidly maturing as governments and building management companies strive towards energy efficiency and smart buildings through innovative and interoperable building systems, including It controls lighting.

Europe will continue to be the second largest market after North America, driven by the adoption of advanced lighting control solutions in offices and the hospitality sector. Europe’s share of the total lighting control market is expected to decline, but its growth rate between 2021 and 2028 will be higher than that of North America. Asia Pacific will emerge as the fastest growing market during the forecast period from 2022 to 2028.

Wired lighting controllers are expected to remain the dominant technology in the market, but will lose part of the market share due to wireless technologies. The increase in energy retrofit projects will lead to the deployment of wireless lighting controllers as they incur lower expenditures and speed up project implementation.

Strong growth is expected for touchless lighting control solutions, such as sensors and light management systems, as the construction industry prioritizes future-proof buildings. User interfaces such as switches and dimmers are expected to find traction only in apartment buildings.

Key growth drivers of the global Lighting Controllers market include enhancement of occupant comfort and well-being within a built environment, demand for energy efficient lighting, regulatory compliance with building codes, new construction and building renovation, and technological advancements.

Growth constraints include security concerns over wireless or connected lighting systems, lack of appropriate building codes in developing countries, and international trade conflicts and wars.

The main market participants identified in the study are Acuity Brands, GE Current, Helvar, Honeywell, Legrand, Leviton, Lutron, Signify, Universal Douglas and Zumtobel.

Main topics covered:

Strategic imperatives

  • Why is it getting harder to grow?

  • Strategic imperative

  • The impact of the three most important strategic imperatives on the lighting control industry

  • Growth opportunities fuel the growth pipeline

Universe growth opportunities

  • Growth opportunity 1: OpenADR interface to reduce power consumption of lighting systems

  • Growth Opportunity 2: Focus on building renovation projects to stimulate market growth

  • Growth Opportunity 3: Optimizing Usage Data as a Value-Added Service

Growth Opportunity Analysis

  • Analysis scope

  • Market segmentation by product

  • Market segmentation by system type and technology

  • Main competitors

  • Transformational trends in the lighting industry

  • Landscape lighting industry and the role of lighting controls

  • IoT usage facts and benefits for lighting

  • Key growth metrics

  • distribution channel

  • growth engines

  • growth restrictions

  • prediction assumptions

  • Income forecast

  • Revenue forecast analysis

  • Revenue forecast by region

  • Revenue forecast analysis by region

  • Revenue forecast by industry

  • Revenue forecast analysis by vertical industry

  • Revenue forecast by product

  • Revenue forecast analysis by product

  • Revenue forecast by system type

  • Revenue forecast through technology

  • Revenue forecast analysis by system type and technology

  • Directions in lighting controls

  • Pricing trends and forecast analysis

  • competitive environment

  • revenue share

  • revenue share analysis

  • Notable acquisitions and restructuring activities

Growth Opportunity Analysis – North America

  • Key Growth Metrics – North America

  • Revenue Forecast – North America

  • Revenue forecast by vertical industry – North America

  • Revenue forecast analysis by vertical industry – North America

Growth Opportunity Analysis – Europe

Growth Opportunity Analysis – Asia Pacific

Growth Opportunity Analysis – RoW

For more information on this report, visit https://www.researchandmarkets.com/r/bwxyk5

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