Global Intelligent Lighting Controls Market: Focus on Component Types (Sensors, Ballasts and Drivers, Switches and Dimmers, among others) by Connection Types, by Light Source and by Applications - Analysis and Forecast (2018-2024)

The evolution of smart technology has considerably changed the overall lighting industry in terms of energy and money saving, and improved the safety and convenience of the users. The lighting market as a whole is growing at a significant rate and is expected to reach at a substantial level by 2022. Moreover, intelligent lighting controls are gaining popularity and are expected to grow at a noteworthy rate in the coming years. In comparison to the traditional light bulbs, energy-efficient light bulbs such as Light Emitting Diode (LED) lights, High Intensity Discharge (HID) lamps, and Compact Fluorescent Lights (CFL) have various advantages in terms of energy usage and life-span of lights. Additionally, the energy-efficient lights are available in wide range of light levels and colors for convenience of users. The initial installing price of energy-efficient lights are higher than traditional lighting, but they save substantial amount of money over the life of bulbs.

Intelligent lighting controls witnessed a significant increase in the adoption rate for the usage in various applications due to several advancements offered by the technology. The intelligent lighting controls market is expected to grow at a significant rate during the forecast period, (2018-2024). This is due to the integration of physical security industry with intelligent lighting, changing paradigm of lighting control industry to electronics industry and adding voice control feature to the upcoming products. Growing 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 controls market. 

Figure 1
Global Intelligent Lighting Controls Market
 

Secondary research, expert interviews, and BIS Research Analysis

In terms of revenue, the sensors segment held the major share in the global intelligent lighting controls market in 2017; whereas dimmers and switches segment is expected to increase with the highest CAGR in the coming years. The advancement in technology for dimmers & switches has helped to resolve the rising issue of energy crises. Sensors are the most important part in any intelligent lighting system and are used to detect and operate automatically according to the pre-defined conditions. The key sensors used in intelligent lighting industry are ambient light sensors, proximity sensors, occupancy sensors, photo sensors, and daylight sensors. Some of the companies are also inclining toward intelligent lighting controls with the use of gesture detecting sensors for gesture controls. 

Among both the connection types used in intelligent lighting controls market, wired connection type held the higher market share in 2017 in terms of value. The wired technology has been more prevalent but with the recent development in Radio Frequency (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 increases the cost of the overall installation. 

Among all the light sources where intelligent lighting controls are used, the LED segment held the highest market share in 2017 in terms of value. Widespread use of LED products in the developed regions had a tremendous impact on energy savings, thus, increasing the LED lighting market manifold since its inception. LEDs are also used for several non-conventional lighting purposes as in automobile lighting and their unidirectional feature enables them for use in aesthetic and architectural lighting purposes. These features give the LED lighting market an edge over traditional lighting markets. Organic light emitting diode (OLED) is the latest entrant in the lighting industry. OLED has enabled engineers to create flexible surfaces for lighting products thus, introducing a whole new segment in the lighting market. The technology is still in its nascent stage and is almost set for mass production.

Among all the applications wherein intelligent lighting controls are used, the commercial segment holds the highest market share in 2017 in terms of volume and value. Smart homes are accelerating the growth of the intelligent lighting controls market in residential application. Smart home is the ultimate solution for the consumer which brings numerous advantages with respect to energy and cost savings. Moreover, homes are considered to be ‘intelligent’ enough to identify the family members and guests that can based on the biometrics technology. Majority of the companies operating in this space are already investing millions of dollars to integrate seamlessly the physical and digital world.

The maximum revenue generated in 2017 from the intelligent lighting controls was from the North American countries, followed by the Europe Since energy performance contracts are becoming widespread in North America, specific Energy Service Companies (ESCOs) have been developed in the last few years to provide complete energy services to the owners of buildings. The North American intelligent lighting controls market’s growth is supported with the installation of new intelligent lighting systems in the non-residential segment. Another region that held considerable sales volume of intelligent lighting controls in 2017 was Europe. In 2017, the U.K. and Germany together held the 65.6% of the total Europe intelligent lighting controls market. The falling price of LED lighting in Europe is supporting the growth of the intelligent lighting controls market in the region. Additionally, high energy prices in Europe are compelling consumers, public investors, and architects to use energy saving technologies, such as intelligent lighting fixture and control. 

Asia Pacific is expected to grow with the highest CAGR during the forecast period. The fastest growing market of the Asia-Pacific intelligent lighting controls 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 controls 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 are General Electric, Lutron Electronics Co., Inc., Leviton Manufacturing Co. Inc., Honeywell International Inc., Acuity Brands Inc., Cree Inc., Enlighted Inc., Philips Lighting., OSRAM Licht AG, Legrand, Hubbell Incorporated, LSI Industries Inc., Control4 Corporation, EATON, and Schneider Electric. 

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