Lighting Control Components Global Market Report 2023: Smart Lighting Tracks Offer Secure, Productive and Healthier Lighting

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Global Market for Lighting Control Components

Global Market for Lighting Control Components
Global Market for Lighting Control Components

Dublin, April 27, 2023 (GLOBE NEWSWIRE) -- The "Lighting Control Components - Global Strategic Business Report" report has been added to's offering.

Global Lighting Control Components Market to Reach $11.8 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Lighting Control Components estimated at US$5.8 Billion in the year 2022, is projected to reach a revised size of US$11.8 Billion by 2030, growing at a CAGR of 9.2% over the analysis period 2022-2030.

Corporate, one of the segments analyzed in the report, is projected to record a 7% CAGR and reach US$4.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Retail segment is readjusted to a revised 10.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.6 Billion, While China is Forecast to Grow at 12.8% CAGR

The Lighting Control Components market in the U.S. is estimated at US$1.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.5 Billion by the year 2030 trailing a CAGR of 12.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.7% and 7.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7.1% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.7 Billion by the year 2030.

Select Competitors (Total 232 Featured) -

  • Acuity Brands Lighting Inc.

  • Cree, Inc.

  • Current, Powered by GE

  • Eaton Corp.

  • Fagerhults Belysning AB

  • FW Thorpe Plc

  • Hubbell Control Solutions (HCS)

  • Legrand S.A.

  • Leviton Manufacturing Co., Inc.

  • LG Innotek

  • Lutron Electronics, Inc.

  • Osram GmbH

  • Panasonic Corp.

  • Schneider Electric SA

  • TCP International Holdings Ltd.

  • Theben AG

  • Zumtobel Group AG

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.

  • Global competitiveness and key competitor percentage market shares

  • Market presence across multiple geographies - Strong/Active/Niche/Trivial

  • Online interactive peer-to-peer collaborative bespoke updates

  • Access to digital archives and Research Platform

  • Complimentary updates for one year

Key Attributes:

Report Attribute


No. of Pages


Forecast Period

2022 - 2030

Estimated Market Value (USD) in 2022

$5.8 Billion

Forecasted Market Value (USD) by 2030

$11.8 Billion

Compound Annual Growth Rate


Regions Covered


Key Topics Covered:




  • Influencer Market Insights

  • World Market Trajectories

  • Lighting Controls: Delivering Energy Efficiency, Space Efficiency, and Personal Efficiency through Sensing, Prediction, and Control

  • Major Drivers and Trends in a Nutshell

  • Recent Market Activity

  • Advancements in Connected, Embedded, and Sustainable Lighting: Foundation for Market Growth

  • Connected Lighting

  • Embedded Lighting

  • Sustainable Lighting

  • The Global Lighting Controls Market Evolve with the Transforming Lighting Industry

  • Major Lighting Technology Trends Summarized

  • Myriad Benefits Drive Widespread Adoption across the World

  • Increased Energy Savings

  • Adequate Lighting for Increased Comfort

  • Automatic Functionality

  • Superior Quality Illumination & Extended Life

  • Increased Flexibility and Freedom

  • Push Button Devices and Pre-Programmed Settings

  • Important Add-on to Building Security Systems

  • Global Market Outlook

  • Developing Asian Countries Offer Significant Market Growth Opportunities

  • Lighting Control Components - Global Key Competitors Percentage Market Share in 2022 (E)

  • Impact of Covid-19 and a Looming Global Recession

  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)


  • Acuity Brands, Inc. (USA)

  • Acuity Controls (USA)

  • Distech Controls (Canada)

  • Cree, Inc. (USA)

  • Current, Powered by GE (USA)

  • Daintree Networks, Inc. (USA)

  • Eaton Corp. (USA)

  • Cooper Industries Plc. (Ireland)

  • Fagerhults Belysning AB (Sweden)

  • FW Thorpe Plc (UK)

  • Hubbell Control Solutions (HCS) (USA)

  • Legrand S.A. (France)

  • WattStopper, Inc. (USA)

  • Leviton Manufacturing Co., Inc. (USA)

  • LG Innotek (South Korea)

  • Lutron Electronics, Inc. (USA)

  • Osram GmbH (Germany)

  • Panasonic Corporation (Japan)

  • Douglas Lighting Controls (Canada)

  • Universal Lighting Technologies, Inc. (USA)

  • Philips Lighting North America Corporation (USA)

  • Philips Color Kinetics (USA)

  • Strand Lighting (USA)

  • Schneider Electric SA (France)

  • TCP International Holdings Ltd. (Switzerland)

  • Theben AG (Germany)

  • Zumtobel Group AG (Austria)

  • Thorn Licht GmbH (Germany)

  • Tridonic GmbH & Co KG (Austria)


  • Growing Prominence of Smart Lighting Drive Strong Demand for Intelligent Lighting Controls

  • Surging Demand for Smart Lighting Control Systems

  • Smart Lighting Tracks Offer Secure, Productive and Healthier Lighting

  • Myriad Benefits of Smart Lighting Controls

  • Opportunities and Challenges

  • Huge Potential Offered by the Internet of Things (IoT) Technology Benefit Market Expansion

  • The IoT's Architecture

  • IoT for Building Automation

  • Other Prominent Application Areas of IoT

  • Key Barriers to IoT Adoption

  • Rapid LED Lighting Penetration and Advanced Lighting Controls Drive Growth of "Lighting as a Service" (LaaS)

  • Key Factors Benefiting Growth of LaaS

  • Smart Homes and Smart Cities Create Enormous Demand for Smart and Wireless Lighting Control Solutions

  • Rising Popularity of Home Automation Boosts Market Demand

  • Smart and Connected Homes Drive Demand for "Wireless" Controls

  • Cloud-based Lighting Controls to Gain Traction

  • Robust Demand from the Residential Sector Lends Traction to Market Growth

  • Classification of Residential Lighting Control Systems

  • Advantages of Residential Lighting Controls

  • Major Trends in Residential Lighting Controls Segment

  • Private Buildings: An Underserved Market Segment

  • Evolution of Indoor Lighting Controls over the Years

  • Lighting Control Systems: Why and Where to Use in Residential Applications

  • Common Hindrances in the Selection of Residential Lighting Controls

  • Corporate Applications to Retain Market Dominance in Lighting Controls

  • Digital Lighting Control Technology Transform Commercial Buildings Sector

  • Street Lighting Management: A Potential Laden Application

  • Dimmable Smart Street Lights for Reducing Power Consumption and Emissions

  • Energy-Efficiency Spurs Market Penetration in the Retail Sector

  • Recovery in Construction Activity Worldwide Augurs Well for Lighting Controls Demand

  • Major Trends Driving Future Adoption in New Construction and Retrofits

  • Lighting Spectrum Control Causes Positive Impact on Humans and Productivity, Bodes Well for Market Adoption

  • Horticulture Sector Set to Benefit from Tuning Capability of Modern Lighting Controls

  • Lighting Spectrum Control Proves Beneficial for Livestock Production

  • Mandated Energy Codes, Utility Rebates and Energy Savings to Drive Lighting Controls Sales

  • Building Codes Update Regularly for Improved Energy Efficiency

  • International Building Codes Overview

  • Key Factors Hampering Market Adoption




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