SHERIDAN, WYOMING, UNITED STATES, February 27, 2024 /EINPresswire.com/ -- IMARC Group's latest research report, titled "Intelligent Lighting Controls Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032," the global intelligent lighting controls market size reached US$ 12.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 44.1 Billion by 2032, exhibiting a growth rate (CAGR) of 14.5% during 2024-2032.

Factors Affecting the Growth of the Intelligent Lighting Controls Industry:

• Continual Technological Advancements:

Innovations in IoT (Internet of Things), AI (Artificial Intelligence), and wireless communication technologies have paved the way for more sophisticated and user-friendly lighting control systems. These technologies enable intelligent lighting systems to learn from user behaviors, adjust to ambient environmental conditions, and integrate seamlessly with other smart home and building management systems. As a result, they offer enhanced energy efficiency, improved occupant comfort, and greater flexibility in lighting design. The ongoing development and integration of technologies such as Li-Fi (light fidelity) for data transmission through light further expands the capabilities of intelligent lighting systems, thus attracting more interest and investment in this market.

• Energy Efficiency and Sustainability Concerns:

Intelligent lighting systems play a vital role in reducing energy consumption and minimizing carbon footprints by allowing precise control over lighting intensity, color, and timing. Governments worldwide are implementing regulations and guidelines to encourage the adoption of energy-efficient solutions, including intelligent lighting controls, in both new constructions and retrofit projects. This regulatory push, combined with growing public awareness of environmental issues, is augmenting demand for intelligent lighting solutions that contribute to sustainable building practices and energy efficiency.

• Smart City Initiatives:

The rise of smart city projects globally acts as a significant catalyst for the expansion of the intelligent lighting controls market. Intelligent lighting is a foundational component of smart city infrastructure, offering not just illumination but also serving as a network for information exchange and environmental monitoring. Cities adopting smart technologies aim to improve public safety, reduce operational costs, and enhance the quality of urban life. Intelligent lighting systems, with their ability to adjust based on real-time data and integrate with other city services, are crucial in achieving these objectives. The increasing number of smart city initiatives across the globe is thus propelling the demand for advanced lighting control solutions.

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key Players Operating in the Industry:

• Acuity Brands Inc
• ams-OSRAM AG
• Control4 Corporation (Snap One LLC)
• Enlighted Inc
• General Electric Company
• Honeywell International Inc
• Hubbell Incorporated
• Leviton Manufacturing Co. Inc
• Lutron Electronics Co. Inc
• Panasonic Corporation
• Schneider Electric SE
• Signify Holding B.V.

Intelligent Lighting Controls Market Trends:

Consumer demand for enhanced comfort and convenience in both residential and commercial settings is driving the growth of the intelligent lighting controls market. Intelligent lighting systems offer users unparalleled control over their environment, enabling personalized lighting scenes and schedules that can adapt to different activities and times of the day. The integration of these systems with voice assistants and mobile applications allows for easy and intuitive control, elevating the user experience. As lifestyles become more technology-oriented and consumers seek out smart home and office solutions that offer both functionality and aesthetic appeal, the market for intelligent lighting controls is expected to see substantial growth.

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Intelligent Lighting Controls Market Report Segmentation:

Breakup by Type:

• Sensors
• Ballasts and LED Drivers
• Microcontrollers
• Dimmers and Switch Actuators
• Transmitters and Receivers
• Others

Ballasts and LED drivers constituted the largest segment by type due to their critical role in regulating energy flow to the lights, thereby ensuring energy efficiency, and extending the lifespan of lighting systems.

Breakup by Connectivity Type:

• Wired
• Wireless

Wired connectivity dominated as the largest segment by connectivity type, offering reliable, secure, and high-speed communication for complex intelligent lighting systems, especially in large installations where stability is paramount.

Breakup by Application:

• Commercial Buildings
• Residential Buildings
• Public Utilities

Commercial buildings emerged as the largest segment by application, driven by the growing demand for energy-efficient lighting solutions and advanced lighting control systems to reduce operational costs and enhance the work environment.

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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