Global Lighting Controls Market 2029 - GE Lighting, PHILIPS, TVILIGHT, Osram, Lutron,

The extensive market research used to produce this Commercial Lighting Control System market study helps clients predict whether to invest in new markets, grow their market share, or launch successful new products. With the use of tried-and-true strategies & procedures, the complex Commercial Lighting Control System market insights are reduced in this reliable marketing study. The data is represented using graphs and charts to make facts and figures easier to understand. For the finest outcomes, integrated strategies and the most recent technology were used to create this market report on commercial lighting control systems. The market research analysis for commercial lighting control systems identifies and analyses emerging trends as well as key market drivers, constraints, challenges, and opportunities.

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The global lighting controls market size was valued at USD 17.03 billion in 2021. The market is projected to grow from USD 18.61 billion in 2022 to USD 57.81 billion by 2029, exhibiting a CAGR of 17.6% during the forecast period.

Key Players For this Report:

·         General Electric Company

·         Signify Holding (Philips Lightings)

·         Cisco Systems Inc.

·         Schneider Electric

·         Toshiba

·         Legrand S.A.

·         Lutron Electronics Co., Inc.

·         Eaton Corporation PL

·         Honeywell International Inc.

·         OSRAM Licht AG

An energy-efficient lighting technique is known as "smart lighting." This could incorporate energy-efficient lighting fixtures and automated controls that adjust according to factors like occupancy or daylight availability. Lighting is the purposeful use of light to produce a desired aesthetic or functional impact. It consists of general lighting, accent lighting, and task lighting.

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Using one or more central computing devices, a lighting control system is an intelligent network-based lighting control solution that integrates communication between various system inputs and outputs relevant to lighting control. Systems for controlling lighting are frequently utilised in commercial, industrial, and residential areas for both indoor and outdoor lighting. Systems that regulate lighting help to produce the appropriate level of light when and where it is needed.

 

Regional Analysis:

North America is expected to dominate the global lighting controls market due to the increasing adoption of energy-efficient lighting systems and the presence of key market players in the region. The US and Canada are the major contributors to the growth of the market in North America.

Europe is also expected to have a significant share in the global lighting controls market due to the increasing demand for smart lighting systems and the presence of a large number of manufacturers in the region.

Asia-Pacific is expected to grow at a high rate in the global lighting controls market due to the increasing demand for energy-efficient lighting systems and the growing construction industry in the region. China, Japan, and India are the major contributors to the growth of the market in Asia-Pacific.

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