Light Management System Market by Function (Dimming Control, Occupancy-Based, Schedule-Based, and Daylight Control), End-User (Smart Homes, Commercial, Industrial, and Municipal), Application, Type, and Region - Global Forecast to 2023
[146 Pages Report] The global light management system market is estimated to be USD 11.66 Billion in 2018 and is projected to reach USD 21.51 Billion by 2023, growing at a CAGR of 13.03%, from 2018 to 2023. The growing demand for smart controls in building automation systems and increasing adoption of energy efficient lighting are driving the light management system market around the world.
The years considered for the study are as follows:
- Base Year: 2017
- Estimated Year: 2018
- Projected Year: 2023
- Forecast Period: 2018 to 2023
The base year considered for company profiles is 2017. Whenever information was unavailable for the base year, the prior year has been considered.
Objectives of the Study
- To define, describe, and forecast the global market on the basis of end-user, application, function, type, and region
- To provide detailed information regarding the major factors influencing the growth of the market such as drivers, restraints, opportunities, industry-specific challenges, winning imperatives, and burning issues in the market
- To strategically analyze the market with respect to individual growth trends, future expansions, and contribution to the market
- To forecast the expansion of the market size with respect to the main regions (North America, Europe, the Middle East & Africa, Asia Pacific, and South America)
- To analyze market opportunities for stakeholders and details of a competitive landscape for market leaders
- To analyze competitive developments such as contracts & agreements, mergers & acquisitions, new product developments, and research and development (R&D) in the market
Research Methodology
This research study involved the use of extensive secondary sources, directories, and databases, such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the light management system market. Primary sources are mainly industry experts from the core and related industries, preferred suppliers, manufacturers, distributors, service providers, technology developers, standards and certification organizations of companies, and organizations related to all the segments of this industrys value chain. The points below explain the research methodology.
- Study of the annual revenues and market developments of the major players providing light management systems
- Assessment of future trends and growth of the market
- Analysis of market trends in various regions or countries by studying the infrastructure investments
- Study of contracts and developments related to light management systems by key players across different regions
- Finalization of overall market sizes by triangulating the supply-side data, which includes product developments and annual revenues of companies providing light management systems across the globe
After arriving at the overall market size, the total market has been split into several segments and sub-segments. The figure below illustrates the breakdown of primaries conducted during the research study, based on the company type, designation, and region.
To know about the assumptions considered for the study, download the pdf brochure
The key players in the market include GE (US), Philips Lighting (Netherlands), Eaton (Ireland), Zumtobel (Austria), OSRAM (Germany), Schneider (France), ABB (Switzerland), Legrand (France), Siemens (Germany), Acuity (US), Lutron (US), and Honeywell (US).
Target Audience:
The reports target audience includes:
- Light management system manufacturers
- Electric equipment suppliers
- Original equipment manufacturers (OEMs)
- End-user application or electronic product manufacturers
- System integrators and third-party vendors
- Software solution providers
- Government bodies
- Technology investors
- Distributors
- Research institutes and organizations
- Market research and consulting firms
Scope of the report:
Lighting management system market:
- By Application
- Indoor
- Outdoor
- By Function
- Dimming Control Management
- Occupancy-Based Management
- Schedule-Based Management
- Daylight Control Management
- By Type
- Analog
- Digital
- By Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
- By End-User
- Smart Homes (Residential Complexes)
- Commercial
- Industrial
- Municipal (Public)
Available Customizations:
With the given market data, MarketsandMarkets offers customizations as per the clients specific needs. The following customization options are available for the report:
Regional Analysis
- Further breakdown of region/country-specific analysis
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
The global light management system market is estimated to be USD 11.66 Billion in 2018 and is projected to reach USD 21.51 Billion by 2023, growing at a CAGR of 13.03%, from 2018 to 2023. The growing demand for smart controls in building automation systems along with increasing adoption of energy-efficient lighting are the main factors driving the light management system industry globally.
The report segments the light management system market based on function into dimming control management, occupancy-based management, schedule-based management, and daylight control management. The dimming control management segment is estimated to hold the largest market share, followed by the occupancy-based management segment. Dimming control management is widely used to reduce the energy consumption of light sources and, consequently, the intensity and output of those light sources. Dimming control management includes systems that provide the management of luminance and color and temperature of lighting.
The light management system market has been segmented, by application, into indoor and outdoor. The demand for indoor light management systems is expected to grow at the faster rate due to the increasing demand for smart lighting controls in the commercial sector across developed and developing countries. The indoor light management system in Asia Pacific is expected to grow at the highest CAGR due to the increasing demand in China and India.
The light management system market has been analyzed with respect to 5 regions, namely North America, Europe, Asia Pacific, South America, and the Middle East & Africa. The North American market is expected to lead the light management system market, by region. The increasing adoption of energy-efficient light automation systems is the major driver of the light management system industry. The growing investments in smart cities across the world will offer significant opportunities for light management system providers.
The figure below shows the projected market size for 2023 in various regions, with the respective CAGRs.
The major factor restraining the growth of the market is consumer perception of the higher cost of products and installation. The lighting industry is very fragmented and offers opportunities for consolidation. This can be seen by the several major mergers & acquisitions taking place in the industry, as well as the formation of subsidiaries by the larger players in the market.
Some of the leading players in the light management system market are GE (US), Philips Lighting (Netherlands), Eaton (Ireland), Zumtobel (Austria), and OSRAM (Germany). These players have adopted growth strategies such as new product launches, contracts & agreements, and expansions to capture a larger share of the market.
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Table of Contents
1 Introduction (Page No. - 14)
1.1 Objectives of the Study
1.2 Market Definition
1.2.1 Markets Covered
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology (Page No. - 18)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions
3 Executive Summary (Page No. - 26)
4 Premium Insights (Page No. - 30)
4.1 Attractive Opportunities in the Light Management System Market
4.2 Market, By End-User
4.3 Market, By Function
4.4 North American Market, By End-User & Country
4.5 Market, By Country
5 Market Overview (Page No. - 33)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Demand for Smart Controls in Lighting Systems
5.2.1.2 Increasing Adoption of Energy-Efficient Lighting Driven By Cost Savings & Government Policies
5.2.2 Restraints
5.2.2.1 Consumer Perception of Higher Costs of Systems & Installation
5.2.3 Opportunities
5.2.3.1 Convergence of Internet of Things With Light Management Systems
5.2.3.2 Development of Smart Cities
5.2.4 Challenges
5.2.4.1 Lack of Common Open Standards
5.2.4.2 Concerns Over Data Security & Privacy
6 Light Management System Market, By Function (Page No. - 38)
6.1 Introduction
6.2 Dimming Control Management
6.3 Occupancy-Based Management
6.4 Schedule-Based Management
6.5 Daylight Control Management
7 Light Management System Market, By Application (Page No. - 44)
7.1 Introduction
7.2 Indoor
7.3 Outdoor
8 Light Management System Market, By Type (Page No. - 49)
8.1 Introduction
8.2 Analog
8.3 Digital
9 Light Management System Market, By End-User (Page No. - 53)
9.1 Introduction
9.2 Commercial
9.3 Municipal (Public)
9.4 Industrial
9.5 Smart Homes (Residential Complexes)
10 Light Management System Market, By Region (Page No. - 59)
10.1 Introduction
10.2 North America
10.2.1 By End-User
10.2.2 By Application
10.2.3 By Function
10.2.4 By Type
10.2.5 By Country
10.2.5.1 US
10.2.5.2 Canada
10.2.5.3 Mexico
10.3 Europe
10.3.1 By End-User
10.3.2 By Application
10.3.3 By Function
10.3.4 By Type
10.3.5 By Country
10.3.5.1 Germany
10.3.5.2 UK
10.3.5.3 France
10.3.5.4 Italy
10.3.5.5 Netherlands
10.3.5.6 Rest of Europe
10.4 Asia Pacific
10.4.1 By End-User
10.4.2 By Application
10.4.3 By Function
10.4.4 By Type
10.4.5 By Country
10.4.5.1 China
10.4.5.2 India
10.4.5.3 Japan
10.4.5.4 South Korea
10.4.5.5 Australia
10.4.5.6 Rest of Asia Pacific
10.5 South America
10.5.1 By End-User
10.5.2 By Application
10.5.3 By Function
10.5.4 By Type
10.5.5 By Country
10.5.5.1 Brazil
10.5.5.2 Argentina
10.5.5.3 Colombia
10.5.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 By End-User
10.6.2 By Application
10.6.3 By Function
10.6.4 By Type
10.6.5 By Country
10.6.5.1 Saudi Arabia
10.6.5.2 South Africa
10.6.5.3 UAE
10.6.5.4 Qatar
10.6.5.5 Rest of the Middle East & Africa
11 Competitive Landscape (Page No. - 94)
11.1 Overview
11.2 Ranking of Players
11.3 Competitive Scenario
11.3.1 Contracts & Agreements
11.3.2 New Product Launches
11.3.3 Investments & Expansions
11.3.4 Others
12 Company Profiles (Page No. - 98)
(Business Overview, Products Offered, Recent Developments, MnM View)*
12.1 Benchmarking
12.2 Schneider Electric
12.3 ABB
12.4 Eaton
12.5 Siemens
12.6 Philips Lighting
12.7 Osram
12.8 GE
12.9 Legrand
12.10 Acuity
12.11 Lutron
12.12 Honeywell
12.13 Zumtobel Group
*Details on Business Overview, Products Offered, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.
13 Appendix (Page No. - 137)
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Additional List of Key Players
13.3.1 Leviton
13.3.2 Cree, Inc
13.3.3 Feilo Sylvania
13.3.4 Telensa
13.3.5 Vossloh-Schwabe
13.4 Knowledge Store: Marketsandmarkets Subscription Portal
13.5 Introducing RT: Real-Time Market Intelligence
13.6 Available Customizations
13.7 Related Reports
13.8 Author Details
List of Tables (75 Tables)
Table 1 Light Management System Market Snapshot
Table 2 Market Size, By Function, 20162023 (USD Million)
Table 3 Dimming Control Management: Market Size, By Region, 20162023 (USD Million)
Table 4 Occupancy-Based Management: Market Size, By Region, 20162023 (USD Million)
Table 5 Schedule-Based Management: Market Size, By Region, 20162023 (USD Million)
Table 6 Daylight Control Management: stem Market Size, By Region, 20162023 (USD Million)
Table 7 Market Size, By Application, 20162023 (USD Million)
Table 8 Indoor: Market Size, By Application, 20162023 (USD Million)
Table 9 Indoor: Market Size, By Region, 20162023 (USD Million)
Table 10 Outdoor: Market Size, By Application, 20162023 (USD Million)
Table 11 Outdoor: Market Size, By Region, 20162023 (USD Million)
Table 12 Light Management System Market Size, By Type, 20162023 (USD Million)
Table 13 Analog: Lighting Management System Market Size, By Region, 20162023 (USD Million)
Table 14 Digital: Lighting Management System Market Size, By Region, 20162023 (USD Million)
Table 15 Market Size, By End-User, 20162023 (USD Million)
Table 16 Commercial: Lighting Management System Market Size, By End-User, 20162023 (USD Million)
Table 17 Commercial: Lighting Management System Market Size, By Region, 20162023 (USD Million)
Table 18 Municipal (Public): Market Size, By Region, 20162023 (USD Million)
Table 19 Industrial: Market Size, By Region, 20162023 (USD Million)
Table 20 Smart Homes (Residential Complexes): Market Size, By Region, 20162023 (USD Million)
Table 21 Market Size, By Region, 20162023 (USD Million)
Table 22 North America: Light Management System Market Size, By End-User, 20162023 (USD Million)
Table 23 North America :Market Size, By Application, 20162023 (USD Million)
Table 24 North America: Market Size, By Function, 20162023 (USD Million)
Table 25 North America: Market Size, By Type, 20162023 (USD Million)
Table 26 North America: Market Size, By Country, 20162023 (USD Million)
Table 27 US: Market Size, By End-User, 20162023 (USD Million)
Table 28 Canada: Market Size, By End-User, 20162023 (USD Million)
Table 29 Mexico: Market Size, By End-User, 20162023 (USD Million)
Table 30 Europe: Market Size, By End-User, 20162023 (USD Million)
Table 31 Europe: Market Size, By Application, 20162023 (USD Million)
Table 32 Europe: Market Size, By Function, 20162023 (USD Million)
Table 33 Europe: Market Size, By Type, 20162023 (USD Million)
Table 34 Europe: Market Size, By Country, 20162023 (USD Million)
Table 35 Germany: Market Size, By End-User, 20162023 (USD Million)
Table 36 UK: Market Size, By End-User, 20162023 (USD Million)
Table 37 France: Market Size, By End-User, 20162023 (USD Million)
Table 38 Italy: Market Size, By End-User, 20162023 (USD Million)
Table 39 Netherlands: Market Size, By End-User, 20162023 (USD Million)
Table 40 Rest of Europe: Market Size, By End-User, 20162023 (USD Million)
Table 41 Asia Pacific: Market Size, By End-User, 20162023 (USD Million)
Table 42 Asia Pacific: Market Size, By Application, 20162023 (USD Million)
Table 43 Asia Pacific: Market Size, By Function, 20162023 (USD Million)
Table 44 Asia Pacific: Market Size, By Type, 20162023 (USD Million)
Table 45 Asia Pacific: Market Size, By Country, 20162023 (USD Million)
Table 46 China: Market Size, By End-User, 20162023 (USD Million)
Table 47 India: Market Size, By End-User, 20162023 (USD Million)
Table 48 Japan: Market Size, By End-User, 20162023 (USD Million)
Table 49 South Korea: Market Size, By End-User, 20162023 (USD Million)
Table 50 Australia: Market Size, By End-User, 20162023 (USD Million)
Table 51 Rest of Asia Pacific: Market Size, By End-User, 20162023 (USD Million)
Table 52 South America: Light Management System Market Size, By End-User, 20162023 (USD Million)
Table 53 South America: Market Size, By Application, 20162023 (USD Million)
Table 54 South America: Market Size, By Function, 20162023 (USD Million)
Table 55 South America: Market Size, By Type, 20162023 (USD Million)
Table 56 South America: Market Size, By Country, 20162023 (USD Million)
Table 57 Brazil: Market Size, By End-User, 20162023 (USD Million)
Table 58 Argentina: Market Size, By End-User, 20162023 (USD Million)
Table 59 Colombia: Market Size, By End-User, 20162023 (USD Million)
Table 60 Rest of South America: Market Size, By End-User, 20162023 (USD Million)
Table 61 Middle East & Africa: Market Size, By End-User, 20162023 (USD Million)
Table 62 Middle East & Africa: Market Size, By Application, 20162023 (USD Million)
Table 63 Middle East & Africa: Market Size, By Function, 20162023 (USD Million)
Table 64 Middle East & Africa: Market Size, By Type, 20162023 (USD Million)
Table 65 Middle East & Africa: Market Size, By Country, 20162023 (USD Million)
Table 66 Saudi Arabia: Market Size, By End-User, 20162023 (USD Million)
Table 67 South Africa: Market Size, By End-User, 20162023 (USD Million)
Table 68 UAE: Market Size, By End-User, 20162023 (USD Million)
Table 69 Qatar: Market Size, By End-User, 20162023 (USD Million)
Table 70 Rest of the Middle East & Africa: Market Size, By End-User, 20162023 (USD Million)
Table 71 Zumtobel the Most Active Player in the Market, 20142017
Table 72 Contracts & Agreements, 20152017
Table 73 New Product Launches, 20142017
Table 74 Investments & Expansions, 20152017
Table 75 Others, 20152017
List of Figures (38 Figures)
Figure 1 Light Management System Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Data Triangulation Methodology
Figure 5 Assumptions of the Research Study
Figure 6 Market, By Application, 20182023 (USD Billion)
Figure 7 The Commercial Segment is Expected to Dominate the Light Management System Industry During the Forecast Period
Figure 8 Market, By Region, 20182023 (USD Billion)
Figure 9 North America Held A Major Share of the Market in 2017
Figure 10 Growing Demand for Smart Controls & Need for Energy-Efficient Lighting to Drive the Market During the Forecast Period
Figure 11 The Commercial Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 12 The Dimming Control Management Segment is Expected to Dominate the Market, 2023
Figure 13 The US Market Held the Largest Share in 2017
Figure 14 China & India are Expected to Be the Fastest-Growing Markets During the Forecast Period
Figure 15 Market Dynamics for the Light Management System
Figure 16 Smart Lighting Projects, By Region
Figure 17 Lighting Control Systems Used in Commercial Buildings, By Share, 2012
Figure 18 The Dimming Control Management Segment is Projected to Grow at the Highest CAGR During the Forecast Period
Figure 19 The Indoor Segment Accounted for the Largest Market Share in 2017
Figure 20 The Digital Segment Accounted for the Larger Market Share in 2017
Figure 21 The Commercial Segment Accounted for the Largest Market Share in 2017
Figure 22 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 23 North America Led the Market in 2017
Figure 24 North America: Market Snapshot
Figure 25 Europe: Market Snapshot
Figure 26 Key Developments in the Market, 20142017
Figure 27 Market Leaders in the Market in 2016
Figure 28 Schneider Electric: Company Snapshot
Figure 29 ABB: Company Snapshot
Figure 30 Eaton: Company Snapshot
Figure 31 Siemens: Company Snapshot
Figure 32 Philips Lighting: Company Snapshot
Figure 33 Osram: Company Snapshot
Figure 34 GE: Company Snapshot
Figure 35 Legrand: Company Snapshot
Figure 36 Acuity: Company Snapshot
Figure 37 Honeywell: Company Snapshot
Figure 38 Zumtobel Group: Company Snapshot
Growth opportunities and latent adjacency in Light Management System Market