Lighting Management System Market Growth Factors and Upcoming Trends by 2027

The Global Lighting Management System Market is estimated to reach USD 26.8 Billion by 2025 at a CAGR of 13.1%, says forencis research (FSR).

Light management system is basically an exhaustive intelligent network-based system which helps in controlling lighting network in a specified premise. It is an ideal network of user interfaces, control units, various sensors, and electronic control gears. The system provides lighting control, records, and monitors lighting status in the premise and also gives an interface with other utilities on the premise. The system is used for indoor and outdoor lighting in residential, commercial and industrial sectors.

Lighting Management System Market: Drivers & Challenges

Market Drivers:

Increasing Adoption of Smart technologies in Energy Sector

Energy is an indispensable part of daily requirements worldwide. The growing dependency on energy is creating an alarming need to save it also. Smart technologies like information and communication technologies (ICT) and internet of things (IoT) amongst others are getting adopted globally by energy users who are interested in achieving cost-effective energy savings. Implementing light management system helps in achieving this target as this platform enables the user to access control over the whole lighting network through a web-based dashboard or a cloud-based application.

Thus, the increasing adoption of smart technologies in the energy sector can be a factor in the growth of the lighting management system market, during the forecast period.

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Market Challenges:

Data Security Concern

Lighting management system connects the network of lightings through wires or wireless and being network connected there can be a risk of cyber-attacks. Many components of lighting equipment have internet protocol (IP) address and in coming future the number is expected to increase at a faster pace. This increases the chances of breaching into the system and hacking data. The potential form of cyber-attack on these connected systems includes vectoring, distributed denial of service, sniffing, and privacy concerns.

Thus, data security concerns can be challenging for the growth of the lighting management system market, during the forecast period.

Lighting Management System Market: Key Segments

Component segment comprises of: Hardware, Software and
Connectivity type segment comprises of: Wired and Wireless.
Function segment comprises of: Switching, Occupancy, Dimming, Daylight, Energy Consumption Management, and Others.
End User segment comprises of: Indoor and
Regional segmentation comprises of: North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis.

Lighting Management System Market: Report Scope

The report on the lighting management system market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

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List of the leading companies operating in the Lighting Management System Market include:

OSRAM GmbH (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
Schneider Electric
Signify Holding
WAGO
Lutron Electronics Co.
GENERAL ELECTRIC
Siemens
Eaton
ACUITY BRANDS LIGHTING, INC.
Legrand
Other Key Companies

Lighting Management System Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Lighting management system Market, by Component

Hardware

Sensors
Transmitters
Controllers
Others

Software

Web Based
Cloud Based

Services

Lighting management system Market, by Connectivity Type

Wired
Wireless

Bluetooth
ZigBee
Power over Ethernet (PoE)
Others

Lighting management system Market, by Function

Switching
Occupancy
Dimming
Daylight
Energy Consumption Measurement
Others

Lighting management system Market, by End User

Indoor

Residential
Commercial
Industrial

Outdoor

Street Lighting
Highways and Roadways
Others

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Lighting Management System Market by Region

Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)
North America (US, Canada, Mexico)
Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)
South America (Brazil, Argentina, Rest of South America)

Key Questions answered by the report

What are the major advancements impacting the global market and its growth?
What will be the implications of the developments in the market on the industry worldwide and on the market players?
What are the developing types of the global market?
What are the new applications of the global market?
What are the major aspects that will affect the market growth across the globe during the study period?
Who are the top players across the globe functioning in the market?
How are the top players growing in the existing market conditions?

Table of Content

1 INTRODUCTION

1.1 Research Objectives

1.2 Market Definition

1.3 Research Scope

1.4 Regional Coverage

1.5 Research Timeline

1.6 Assumptions

1.7 Limitations

2 RESEARCH DESIGN & SCOPE

2.1 Introduction

2.2 Primary Research

2.2.1 Key Industry Expert Insight

2.3 Secondary Research

2.3.1 Vital Data from Secondary Sources

2.4 Market Size Estimation

2.5 Data Validation & Triangulation

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Introduction

4.2 Drivers

4.2.1 Increasing Adoption of Smart technologies in Energy Sector

4.3 Restraints

4.3.1 Requirement of Ongoing Maintenance

4.4 Opportunities

4.4.1. Expanding Adoption of Wireless Technology Infrastructure

4.4.2. Smart Cities Initiatives

4.5 Challenges

4.5.1. Data Security Concern

5 INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS

5.1 Introduction

5.1.1. Power of Buyers

5.1.2. Power of Suppliers

5.1.3. Intensity of Competition

5.1.4. Challenges of Substitutes

5.1.5. Challenges of New Entrants

5.2 Macro-Economic Indicators

6 GLOBAL LIGHTING MANAGEMENT SYSTEM MARKET BY COMPONENT, Market Size in USD Million (2018—2025)

6.1 Introduction

6.2 Hardware

6.2.1 Sensors

6.2.2 Transmitters

6.2.3 Controllers

6.2.4 Others

6.3 Software

6.3.1 Web Based

6.3.2 Cloud Based

6.4 Services

7 GLOBAL LIGHTING MANAGEMENT SYSTEM MARKET BY CONNECTIVITY TYPE, Market Size in USD Million (2018—2025)

7.1 Introduction

7.2 Wired

7.3 Wireless

7.3.1 Bluetooth

7.3.2 ZigBee

7.3.3 Power over Ethernet (PoE)

7.3.4 Others

8 GLOBAL LIGHTING MANAGEMENT SYSTEM MARKET BY FUNCTION, Market Size in USD Million (2018—2025)

8.1 Introduction

8.2 Switching

8.3 Occupancy

8.4 Dimming

8.5 Daylight

8.6 Energy Consumption Measurement

8.7 Others

9 GLOBAL LIGHTING MANAGEMENT SYSTEM MARKET BY END USER, Market Size in USD Million (2018—2025)

9.1 Introduction

9.2 Indoor

9.2.1 Residential

9.2.2 Commercial

9.2.3 Industrial

9.3 Outdoor

9.3.1 Street Lighting

9.3.2 Highways and Roadways

9.3.3 Others

10 GLOBAL LIGHTING MANAGEMENT SYSTEM MARKET BY REGION, Market Size in USD Million (2018—2025)

10.1 North America

10.1.1 US

10.1.2 Canada

10.1.3 Mexico

10.2 Europe

10.2.1 Germany

10.2.2 France

10.2.3 Italy

10.2.4 UK

10.2.5 Norway

10.2.6 Rest of Europe

10.3 Asia-Pacific

10.3.1 China

10.3.2 India

10.3.3 Japan

10.3.4 South Korea

10.3.5 Rest of Asia-Pacific

10.4 Middle East and Africa

10.4.1 Saudi Arabia

10.4.2 UAE

10.4.3 Rest of Middle East and Africa

10.5 South America

10.5.1 Brazil

10.5.2 Argentina

10.5.3 Rest of South America

11 COMPETITIVE LANDSCAPE

11.1 Introduction

11.2 Market Ranking/Share Analysis of Key Companies

11.3 Company Benchmarking

12 COMPANY PROFILES

12.1 OSRAM GmbH

12.1.1 Company Overview

12.1.2 Financial Overview

12.1.3 Products/Solutions/Services Offered

12.1.4 Key Developments

12.1.5 SWOT Analysis

12.2 Schneider Electric

12.3 Signify Holding

12.4 WAGO

12.5 Lutron Electronics Co.

12.6 GENERAL ELECTRIC

12.7 Siemens

12.8 Eaton

12.9 ACUITY BRANDS LIGHTING, INC.

12.10 Legrand

12.11 Other Key Companies

13 APPENDIX

13.1 Key Industry Expert Insights

13.2 Primary Discussion Guide

13.3 Customization Options

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