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) Read More

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. Read More

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). Read More

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. Read More

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. Read More

Lighting Management Systems Market Trends

Statistics for the 2023 & 2024 Lighting Management Systems market trends, created by Mordor Intelligence™ Industry Reports. Lighting Management Systems trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of Lighting Management Systems Industry

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.

Lighting Management Systems Market : Electricity Consumption, in TWh, Global, 2010-2018

Understand The Key Trends Shaping This Market

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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.