Lighting Control System Market is expected will grow to USD 38.67 Billion by 2023

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Lighting Control System Market by Installation
Type (New Installation and Retrofit), Offering
(Hardware, Software, and Lighting as a Service),
Application (Indoor and Outdoor), Communication
Protocol, and Geography - Global Forecast to 2023
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The report "Lighting Control System Market by
Installation Type (New Installation and
Retrofit), Offering (Hardware, Software, and
Lighting as a Service), Application (Indoor and
Outdoor), Communication Protocol, and Geography -
Global Forecast to 2023 The lighting control
system market is expected to grow from USD 12.22
Billion in 2016 to USD 38.67 Billion by 2023, at
a CAGR of 17.82 between 2017 and 2023. The
factors such as high requirement of
energy-efficient lighting control and management
systems, increasing adoption of Internet of
Things (IoT) in lighting industry, acceptance of
standard protocols for lighting control, and
modernization and infrastructure development are
driving the growth of the lighting control and
management system market. PDF Brochure
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Hardware components to hold a major share of the
lighting control system market between 2017 and
2023 The hardware components segment is expected
to hold a major share of the lighting control
system market between 2017 and 2023, owing to
their widespread use in the lighting control
systems. The hardware components in lighting
products are LED drivers and ballasts, sensors,
switches, dimmers, relay units, and gateways. LED
drivers and ballasts, switches, and dimmers
account for a major share of the lighting control
system market for hardware components during the
forecast period Lighting control system market
for outdoor applications to grow at a significant
rate between 2017 and 2023 The lighting control
system market for the outdoor lighting
application is expected to grow at the highest
rate. Outdoor lighting includes lighting for
highways, roadways, bridges and tunnels,
architectural lighting, lighting in public places
such as stadiums and parks, and other lighting
applications such as harbors. Increasing focus on
enhancing connectivity by building roads and road
lights, especially in the developing countries of
APAC, would spur the growth of the said market.
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APAC held the largest share of the lighting
control system market in 2016 The APAC region
accounted for a major share of the lighting
control system market in 2016, and the similar
trend is expected to continue during the forecast
period. The largest market share in APAC is
attributed to the rapid infrastructure building
activities being undertaken in the region, mainly
China where lighting control systems pave the way
for the modernization of infrastructure. The
lighting control system market based on offering
is dominated by hardware components. The hardware
components in lighting products are LED drivers
and ballasts, sensors, switches, dimmers, relay
units, and gateways. LED drivers and ballasts
components held a major share of the market for
hardware components. The lighting control system
market for the services segment is expected to
grow at a significant rate during the forecast
period. The growth of the services segment is
mainly propelled by the use of lighting services
for the purpose of cost savings along with energy
conservation and it is ecologically safe option.
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Browse gtgt 61 market data
tables 61 figures
194 Pages and in-depth TOC on Bus Seat
Market - Global Forecast to 2022 Early buyers
will receive 10 customization on this
report. This is a Premium Report Priced at
Single user US 5650 Corporate User
US8150 This study answers several questions for
the stakeholders, primarily which market segments
to focus on in the next two to five years to
prioritize efforts and investments.
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Key players - The Lighting Control System Market
is dominated by

• General Electric Company (GE) (US)
• Philips Lighting N.V. (Netherlands)
• Eaton Corporation (Ireland)
• Legrand S.A. (France)

• OSRAM Licht AG (Germany)
• Acuity Brands Inc. (US)
• Cree, Inc. (US)

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