Luminaire and Lighting Control Market [2021–2030]: Increasing Demand of Street and Roadways Lighting, Drives the Growth

According to the report published by Allied Market Research, tilted, “Luminaire and Lighting Control Market by Product, Component, Light, Technology, and Application: Global Opportunity Analysis and Industry Forecast, 2021-2030“, the global luminaire and lighting control market generated $72.72 billion in 2020, and is expected to garner $130.56 billion by 2030, witnessing a CAGR of 6.44% from 2021 to 2030. Rise in demand for street and roadways lighting, surge in development of smart lighting systems, and supportive government initiatives toward energy-saving products drive the growth of the global luminaire and lighting control market.

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The report offers a detailed analysis of changing market trends, key segments, key investment pockets, value chain, regional scenario, and competitive landscape. Leading players of the global luminaire and lighting control market analyzed in the research include Acuity Brands, Inc. (Georgia), Eaton Corporation (U.S.), Cree, Inc. (U.S.), OSRAM AG (Germany), General Electric (U.S.), Dialight (U.K.), Philips N.V. (The Netherlands), Lutron Electronics Co., Inc (U.S.), Legrand S.A. (France), and Hubbell Incorporated (U.S.).

Key Benefits For Stakeholders

This study comprises analytical depiction of the global luminaire and lighting control market outlook along with the current trends and future estimations to depict the imminent investment pockets.
The overall luminaire and lighting control market analysis is determined to understand the profitable trends to gain a stronger foothold.
The report presents information related to key drivers, restraints, and luminaire and lighting control market opportunities with a detailed impact analysis.
The current luminaire and lighting control market forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
Porter’s five forces analysis illustrates the potency of the buyers and the luminaire and lighting control market share of key vendors.
The report includes the market trends and the revenue share of key vendors.

The report offers detailed segmentation of the global luminaire and lighting control market based on product, component, light, technology, application, and region.

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Based on product, the luminaire segment accounted for the highest share in 2020, holding nearly 90% of the total share, and is expected to maintain its lead position in terms of revenue during the forecast period. However, the lighting control segment is projected to witness the highest CAGR of 11.5% from 2021 to 2030.

Based on light, the LED segment held the highest share in 2020, contributing to nearly two-fifths of the global luminaire and lighting control market, and is projected to maintain its leadership status during the forecast period. However, the fluorescent segment is estimated to manifest the fastest CAGR of 7.0% from 2021 to 2030.

Based on region, North America accounted for the largest market share in 2020, contributing to more than one-third of the total share, and is expected to maintain its dominance in terms of revenue by 2030. However, Asia-Pacific is estimated to register the largest CAGR of 7.7% during the forecast period.

Key Luminaire and Lighting Control Market Segments

By Product

Luminaire
Lighting Control

By Component

Hardware
Software
Services

By Light

LED
Halogen
Fluorescent
HID
Others

By Technology

Wired
Wireless
- Wi-Fi
- Bluetooth
- ZigBee
- Others

By Application

Indoor
- Residential
- Commercial
  - Offices
  - Restaurants and Hotels
  - Healthcare Facilities
  - Educational Institutions
  - Others
- Industrial
Outdoor