Lighting Management System Market, Global Outlook and Forecast 2023-2029
A lighting management system is used to control the lighting installed in a premise to save electricity and manage the energy usage efficiently. The system comprises sensors attached in a loop, which help in manual and remote management of lighting luminescence. These systems are used to control the luminous emittance per square foot area. The lighting management system market is expected to surge in the coming years owing to
The global lighting management system market is driven by emergence of Internet of Things (IOT) and its application in energy management solutions, increase in demand for smart lighting applications, growth in awareness for energy efficiency and savings, and rise in penetration of energy management solutions, especially at the workplace. However, lack of technical handling knowledge, and high initial investment and maintenance cost restrict the market growth. These systems have high market penetration in North America and are establishing their footprints in Asia-Pacific and Europe as well.
This report aims to provide a comprehensive presentation of the global market for Lighting Management System, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Lighting Management System. This report contains market size and forecasts of Lighting Management System in global, including the following market information:
Global Lighting Management System Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Lighting Management System market was valued at US$ 13090 million in 2022 and is projected to reach US$ 22500 million by 2029, at a CAGR of 8.0% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2022, While China is to reach $ Million.
Daylight Sensors Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Lighting Management System include Schneider Electric, General Electric Corporation, OSRAM Licht AG, Siemens AG, LG Electronics, Legrand, Koninklijke Philips N.V, Lutron Electronics Co. Inc and Leviton Manufacturing, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
We surveyed the Lighting Management System companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Lighting Management System Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Lighting Management System Market Segment Percentages, by Type, 2022 (%)
Daylight Sensors
Occupancy Sensors
Programmable Ballasts
User Interfaces
Others
Global Lighting Management System Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Lighting Management System Market Segment Percentages, by Application, 2022 (%)
Residential
Commercial
Industrial
Others
Global Lighting Management System Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Lighting Management System Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Lighting Management System revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Lighting Management System revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Schneider Electric
General Electric Corporation
OSRAM Licht AG
Siemens AG
LG Electronics
Legrand
Koninklijke Philips N.V
Lutron Electronics Co. Inc
Leviton Manufacturing
Legrand North America, LLC
Outline of Major Chapters:
Chapter 1: Introduces the definition of Lighting Management System, market overview.
Chapter 2: Global Lighting Management System market size in revenue.
Chapter 3: Detailed analysis of Lighting Management System company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Lighting Management System in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
