Lucintel’s latest market report analyzed that lighting control provides attractive opportunities in the residential, commercial, and industrial sectors. The lighting control market is expected to reach $30.3 billion by 2027 with a CAGR of 9.4%. In this market, LED drivers is the largest segment by product type, whereas indoor lighting is largest by application. Increasing demand for daylight sensors, growth in camera-based lighting control application, and development of hybrid lighting control systems provides strategic growth path in this market.
Download Brochure of this report by clicking on https://www.lucintel.com/lighting-control-market.aspx Based on product type, the lighting control market is segmented into the residential, commercial, and industrial sectors. The LED drivers segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period, due to increasing penetration of LED lighting, increasing utility and maintenance cost, and increasing demand for connected lighting.
Browse in-depth TOC on “Lighting Control Market”
68 – Tables
107 – Figures
205 – Pages
The Lighting Control Market is marked by the presence of several big and small players. Some of the prominent players offering lighting control include General Electric, Cree Inc., Osram, Philips, Lutron, Leviton Manufacturing, Legrand, Acuity Brand, and Digital Lumens.
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