Lighting Management Systems Market - Growth, Trends, and Forecast (2020-2025)

The market is segmented by Connectivity (Wired and Wireless), End-user (Industrial, Commercial, and Residential), and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa)

Market Snapshot

Study Period:

2018-2025

Base Year:

2019

Fastest Growing Market:

North America

Largest Market:

North America

CAGR:

13 %

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Market Overview

The Lighting Management Systems Market is expected to grow at a CAGR of over 13% during the forecast period of 2020 – 2025. Factors such as increased demand for smart controls in buildings and focus on adoption of energy efficient lighting, are expected to help grow the market for lighting management systems. However,the lack of residential consumer awareness, particularly in developing countries, is a major restraint for the market. 

  • Industrial sector is expected to lead the market growth, owing to the increased focus on energy efficiency and economic viability. Favorable government have also been a driving factor for the market.
  • The lighting management systems provide a better efficiency compared to the conventional switch operated lighting system. The technological advancements are making these systems more efficient and less expensive, which in turn are making them more attractive in terms of economic viability.
  • North America is the biggest market for lighting management systems, owing to the increased focus on cost saving and environmental concerns.

Scope of the Report

The lighting management systems market report include:

Connectivity
Wired
Wireless
End-user
Industrial
Commercial
Residential
Geography
North America
Europe
Asia-Pacific
South America
Middle-East and Africa

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Key Market Trends

Industrial Sector to Lead the Market

  • The increasing efficiency and reducing cost of lighting management systems are making them an economically preferred option. The growing construction industry, particularly in developing countries, is expected to drive the market during the forecast period.
  • Lighting Control Systems have proved to be efficient and cost saving, for indoor and outdoor applications for all type of installments ranging from industrial to commercial.
  • Favorable government policies and energy saving capabilities of Lighting Management Systems are expected to be the major driving factors for the market.
  • The increasing industrial development and population growth have led to a growth in global demand for energy, which in turn have increased the demand for efficient electricity management systems.
  • Therefore the aforementioned factors are expected to help the market grow in forecast period.

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North America to Dominate the Market Growth

  • North America is a major market for lighting management systems, owing to the increased focus on cost saving and environmental concerns.
  • Increase in efficiency and automation have increased the demand for lighting management systems in industrial, commercial and office buildings in the region.
  • According to an estimate 80%-90% of the lighting in industrial sector in USA are conventional High Intensity Discharge Sources, but this is continuously on decline to give way to more efficient and environment friendly LED based lighting management systems. LED’s have proved to have up to 2-4 times the life of metal halide or sodium vapor lights.
  • Therefore, with increased concerns over energy efficiency, environmental concerns, and economical benefits, the market for lighting management systems is expected to grow in the forecasted period.

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Competitive Landscape

The lighting management systems market is fragmented with a lot of big and small players sharing the market. Some of the key players are Legrand SA, Osram Licht AG, Schneider Electric SE, LG Electronics Inc., Siemens AG, Hubbell Incorporated, among others. 

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Scope of the Study

    2. 1.2 Market Definition

    3. 1.3 Study Assumptions

  2. 2. EXECUTIVE SUMMARY

  3. 3. RESEARCH METHODOLOGY

  4. 4. MARKET OVERVIEW

    1. 4.1 Introduction

    2. 4.2 Market Size and Demand Forecast, in USD billion, till 2025

    3. 4.3 Recent Trends and Developments

    4. 4.4 Market Dynamics

      1. 4.4.1 Drivers

      2. 4.4.2 Restraints

    5. 4.5 Supply Chain Analysis

    6. 4.6 Porter's Five Forces Analysis

      1. 4.6.1 Bargaining Power of Suppliers

      2. 4.6.2 Bargaining Power of Consumers

      3. 4.6.3 Threat of New Entrants

      4. 4.6.4 Threat of Substitutes Products and Services

      5. 4.6.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Connectivity

      1. 5.1.1 Wired

      2. 5.1.2 Wireless

    2. 5.2 End-user

      1. 5.2.1 Industrial

      2. 5.2.2 Commercial

      3. 5.2.3 Residential

    3. 5.3 Geography

      1. 5.3.1 North America

      2. 5.3.2 Europe

      3. 5.3.3 Asia-Pacific

      4. 5.3.4 South America

      5. 5.3.5 Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Strategies Adopted by Leading Players

    3. 6.3 Company Profiles

      1. 6.3.1 Legrand SA

      2. 6.3.2 Osram Licht AG

      3. 6.3.3 Schneider Electric SE

      4. 6.3.4 LG Electronics Inc.

      5. 6.3.5 Siemens AG

      6. 6.3.6 Harman International Industries Inc.

      7. 6.3.7 Hubbell Incorporated

      8. 6.3.8 Honeywell International, Inc.

      9. 6.3.9 SternbergLighting

      10. 6.3.10 Lighting Holding B.V.

      11. 6.3.11 Leviton Manufacturing Co. Inc.

      12. 6.3.12 Echelon Corporation

      13. 6.3.13 Koninklijke Philips N.V.

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

** Subject to Availability

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