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The global intelligent lighting controls market was valued at US$ 9.34 Billion in 2021.
We expect the global intelligent lighting controls market to exhibit a CAGR of 16.30% during 2022-2027.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous manufacturing units for intelligent lighting controls.
The rising adoption of cost-effective and energy-efficient lighting solutions, such as intelligent lighting controls to reduce electricity wastage by turning off the lights when an area is unoccupied, is primarily driving the global intelligent lighting controls market.
Based on the type, the global intelligent lighting controls market can be segmented into sensors, ballasts and LED drivers, microcontrollers, dimmers and switch actuators, transmitters and receivers, and others. Currently, ballasts and LED drivers hold the majority of the total market share.
Based on the connectivity type, the global intelligent lighting controls market has been divided into wired and wireless, where wired currently exhibits a clear dominance in the market.
Based on the application, the global intelligent lighting controls market can be categorized into commercial buildings, residential buildings, and public utilities. Currently, commercial buildings account for the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Europe currently dominates the global market.
Some of the major players in the global intelligent lighting controls market include Acuity Brands Inc., ams-OSRAM AG, Control4 Corporation (Snap One LLC), Enlighted Inc., General Electric Company, Honeywell International Inc., Hubbell Incorporated, Leviton Manufacturing Co. Inc., Lutron Electronics Co. Inc., Panasonic Corporation, Schneider Electric SE, and Signify Holding B.V.
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