Lighting Management Systems Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 13.00 % |
| Fastest Growing Market | North America |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Lighting Management Systems Market Analysis
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.
Lighting Management Systems Market Trends
This section covers the major market trends shaping the Lighting Management Systems Market according to our research experts:
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.
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.
Lighting Management Systems Industry Overview
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.
Lighting Management Systems Market Leaders
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Legrand SA
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Osram Licht AG
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Schneider Electric SE
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Honeywell International, Inc.
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Siemens AG
*Disclaimer: Major Players sorted in no particular order
Lighting Management Systems Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Scope of the Study
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1.2 Market Definition
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1.3 Study Assumptions
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2. EXECUTIVE SUMMARY
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3. RESEARCH METHODOLOGY
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4. MARKET OVERVIEW
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4.1 Introduction
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4.2 Market Size and Demand Forecast, in USD billion, till 2025
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4.3 Recent Trends and Developments
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4.4 Market Dynamics
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4.4.1 Drivers
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4.4.2 Restraints
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4.5 Supply Chain Analysis
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4.6 Porter's Five Forces Analysis
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4.6.1 Bargaining Power of Suppliers
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4.6.2 Bargaining Power of Consumers
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4.6.3 Threat of New Entrants
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4.6.4 Threat of Substitutes Products and Services
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4.6.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 Connectivity
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5.1.1 Wired
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5.1.2 Wireless
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5.2 End-user
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5.2.1 Industrial
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5.2.2 Commercial
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5.2.3 Residential
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5.3 Geography
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5.3.1 North America
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5.3.2 Europe
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5.3.3 Asia-Pacific
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5.3.4 South America
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5.3.5 Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Strategies Adopted by Leading Players
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6.3 Company Profiles
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6.3.1 Legrand SA
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6.3.2 Osram Licht AG
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6.3.3 Schneider Electric SE
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6.3.4 LG Electronics Inc.
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6.3.5 Siemens AG
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6.3.6 Harman International Industries Inc.
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6.3.7 Hubbell Incorporated
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6.3.8 Honeywell International, Inc.
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6.3.9 SternbergLighting
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6.3.10 Lighting Holding B.V.
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6.3.11 Leviton Manufacturing Co. Inc.
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6.3.12 Echelon Corporation
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6.3.13 Koninklijke Philips N.V.
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Lighting Management Systems Industry Segmentation
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 |
Lighting Management Systems Market Research FAQs
What is the current Lighting Management Systems Market size?
The Lighting Management Systems Market is projected to register a CAGR of greater than 13% during the forecast period (2024-2029)
Who are the key players in Lighting Management Systems Market?
Legrand SA , Osram Licht AG , Schneider Electric SE , Honeywell International, Inc. and Siemens AG are the major companies operating in the Lighting Management Systems Market.
Which is the fastest growing region in Lighting Management Systems Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Lighting Management Systems Market?
In 2024, the North America accounts for the largest market share in Lighting Management Systems Market.
What years does this Lighting Management Systems Market cover?
The report covers the Lighting Management Systems Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Lighting Management Systems Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Lighting Management Systems Industry Report
Statistics for the 2024 Lighting Management Systems market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Lighting Management Systems analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
