The lighting control system market is estimated to grow at a CAGR 10% during the forecast period. Factor driving the growth of this market is the growing requirement for energy-efficient connected lighting controls due to the increased awareness to reduce energy consumption. The growing demand for intelligent street lighting systems, upcoming smart city projects in developing economies, rising adoption and decreasing cost of LEDs, and increasing awareness of worldwide consumers and governments about the importance of saving energy, along with the modernization and infrastructure development, are the major factors contributing to the growing demand for lighting control systems.
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Lighting control system market for wireless communication protocols is expected to grow at higher CAGR during the forecast period. The development of wireless technologies for lighting control systems is expected to propel the market for wireless communication technologies during the forecast period.
Key market players include Signify Holding (Netherlands), Legrand S.A. (France), Eaton Corporation (Ireland), General Electric Company (US), and OSRAM Licht AG (Germany).
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