Growing Lighting Control System Market projected to reach USD 106.73 Billion by 2032
From GlobeNewswire: 2025-02-28 09:10:00
The Lighting Control System Market was valued at USD 32.11 Billion in 2023 and is projected to reach USD 106.73 Billion by 2032, with a CAGR of 14.28% from 2024-2032. The market growth is driven by smart lighting adoption in residential, commercial, and industrial sectors, supported by IoT and sustainability initiatives.
Key players in the market include Acuity Brands Lighting, Signify Holding, General Electric, Schneider Electric, Toshiba, and more. Hardware dominates the market, accounting for 59% in 2023, while software solutions are rapidly growing with AI-based cloud platforms for real-time monitoring and energy optimization.
Wired lighting systems hold a 69.5% market share due to reliability, while wireless solutions are gaining momentum with IoT integration. Indoor lighting dominates with a 59% market share, driven by smart technologies in offices and residential spaces. North America leads the market, while Asia-Pacific shows the fastest growth, fueled by smart infrastructure investments.
Recent development includes Casambi’s wired lighting controller for the North American market. The market report covers market size, segments analysis, competitive landscape, regional analysis, and key drivers like rising smart city initiatives and IoT adoption. SNS Insider offers detailed market research and insights to help businesses navigate changing market conditions.
Read more at GlobeNewswire: Lighting Control System Market Size to Surpass USD 106.73