Global Intelligent Lighting Controls Market – Analysis and Forecast (2017-2023) (Focus on Component Type, Connection Type, Application and Light Source)

Smart technology evolution has changed the overall lighting industry in terms of energy saving, money saving, and increased safety and convenience of users. The overall lighting market is growing at a significant rate and is expected to reach a substantial level by 2022. In the lighting market, intelligent lighting controls are gaining widespread popularity and is expected to grow with a significant rate in the coming years. By installing an intelligent lighting control in a building, 50% energy costs can be saved and productivity and comfort of the user can also be improved. Additionally, intelligent lighting controls are capable for paying the initial installation amount within five years and also give a high return on investment in the future. Several countries are opting for various methods for decreasing the carbon dioxide concentration in the atmosphere. Rising energy demands globally calls for improved energy efficiency usage and increased energy supply. 

The intelligent lighting controls market is estimated to reach $36 billion by 2023 at a CAGR of 10.2% through the forecast period. Intelligent lighting controls witnessed a major increase in the adoption rate for the usage in various applications due to several advancements offered by the technology. Increasing smart homes market along with customization benefits and continuously decreasing average selling price (ASP) of LED bulbs and drivers are some of the factors driving the growth of intelligent lighting control market. The changing paradigm of lighting industry to electronics industry is one of the major opportunities for the growth of the intelligent lighting controls market. With the arrival of smart technologies in the lighting industry, various gateways have opened for the companies of several industry verticals, such as control systems, dimmers, and software based solutions, and sensors. The scenario of lighting industry has been completely transformed with the establishment of modern technologies. 

Figure 1
Global Intelligent Lighting Controls Market

 Secondary research, expert interviews, and BIS Research Analysis    

In terms of revenue, the sensors segment holds the major share of 47% in the global intelligent lighting controls market in 2016; whereas microprocessors and microcontrollers segment is expected to increase with the highest CAGR in the coming years. The main sensors used in intelligent lighting industry are ambient light sensors, proximity sensors, occupancy sensors, photo sensors, and daylight sensors. Some companies are moving towards intelligent lighting controls with the use of gesture detecting sensors for gesture controls. General Electric Company provides occupancy sensors with three different technologies so that the users can use the sensors as an appropriate solution for their space. Intensity of activity occurring in the required space and the design of the room determine the level of sensitivity required by the user within the sensor. The technologies include Passive Infrared (PIR), ultrasonic and dual tech.

Among both the connection types used in intelligent lighting controls market, wired connection type holds higher market share of 53.1% in 2016 in terms of value. Wired technology has been more prevalent but with the recent development in RF technologies there’s an increase in the number of wireless installations worldwide. Wired technology based intelligent lighting systems can provide better control and flexibility with the use of additional electronics, which in turn, increase the cost of the overall installation.

Maximum revenue generated in 2016 from the intelligent lighting controls was from the North American countries followed by European countries. The U.S. is the leading market for intelligent lighting controls in the North American region and accounted for 91.3% of the market share in 2016. The landscape of municipalities and cities across the U.S. is rapidly getting changed by the LED streetlights. The intelligent lighting control market is supported by numerous government proposals in the country, such as Leadership in Energy and Environmental Design (LEED), while the program conducted in the U.S. electricity prices and CFL prices are comparatively less in most of the U.S. states. The LED market share is expected to increase in the country, as the price of LED lighting goes down. 

Asia Pacific is expected to grow with the highest CAGR during the forecast period. The fastest growing market of Asia-Pacific intelligent lighting control market over other regions is due to large scale demand for new construction, strong economic growth driven mainly by China, and increasing affordability of LED lighting in the region. The dominance of China in the Asia-Pacific intelligent lighting controls market is due to strong growth of the country. The Government of China supports the installation of outdoor LED lighting, which is further expected to accelerate the growth of the intelligent lighting control market in the country. Various policies of major regulatory bodies in China are actively encouraging and stimulating the growth of the lighting industry in the country. China has a high rate of consumption and production of global lighting products. Within the lighting industry, intelligent lighting enterprises are gradually on the path of expansion which is also attracting many foreign market players for further investments. 

Some of the key players in the industry areGeneral Electric, Lutron Electronics Co. Inc., Leviton Manufacturing Co. Inc., Honeywell International Inc., Acuity Brands Inc., Cree Inc., Enlighted Inc., Daintree Networks, Koninklijke Philips N.V., OSRAM Licht AG, Legrand, Hubbell Incorporated, LSI Industries Inc., Control4 Corporation, EATON, and Schneider Electric.  

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