Lucintel Forecasts Smart Lighting Control System Market to Reach $7.2 Billion by 2028

According to the recent study the smart lighting control system market is projected to reach an estimated $7.2 billion by 2028 from $5 billion in 2023, at a CAGR of 7.6% from 2023 to 2028. Growth in this market is primarily driven by growing demand of street and roadways lighting and increasing government regulations on the adoption of energy-efficient products across the globe.

A more than 150–page report is developed to understand trends, opportunities and forecast in smart lighting control system market by product type (lights & luminaires and lighting controls), application (residential, commercial lighting, healthcare, traffic, industrial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Download sample report by clicking on below link

https://www.lucintel.com/smart-lighting-control-system-market.aspx

“Lighting control market is expected to remain the largest segment during the forecast period.”

Based on product type, the smart lighting control system market is segmented into lights & luminaires and lighting controls. Lucintel forecasts that the lighting control market is expected to remain the largest segment due to introduction of smart control systems, which delivers improved lighting features, high performance, and energy efficiency.

“Within the smart lighting control system market, the commercial lighting segment is expected to remain the largest application.”

Based on application the commercial lighting segment is expected to witness the highest growth over the forecast period due to growing consumption of electricity and increasing focus on energy management to reduce the electricity costs.

“North America will dominate the smart lighting control system market in near future.”

North America is expected to witness higher growth over forecast period due to the increasing need for lighting controls, which ensures long-distance controllers, flexible programming, energy-efficient features, and longer lifespan.

Download Brochure of this report by clicking on https://www.lucintel.com/smart-lighting-control-system-market.aspx.

Major players of smart lighting control system market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Philips Lighting, Acuity Brands, Osram, Cree, and Lutron Electronics are among the major smart lighting control system providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/smart-lighting-control-system-market.aspx or helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056 

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