Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 12.87 million | USD 45.29 million | 15% | 2023 |
FrequentlyAsked Questions
Intelligent lighting controls are a network of interconnected advanced technologies that are used for managing lighting fixtures and connections digitally across commercial, industrial, and residential sectors.
The global intelligent lighting controls market is projected to generate high growth due to the growing focus on achieving higher energy efficiency across industrial settings.
According to study, the global intelligent lighting controls market size was worth around USD 12.87 billion in 2023 and is predicted to grow to around USD 45.29 billion by 2032.
The CAGR value of intelligent lighting controls market is expected to be around 15.00% during 2024-2032.
The global intelligent lighting controls market is expected to witness the highest growth in Asia-Pacific.
The global intelligent lighting controls market is led by players like Leviton, Synapse Wireless, Philips Lighting, Osram, Digital Lumens, Lutron Electronics, Helvar, Hubbell Lighting, Acuity Brands, Schneider Electric, Zumtobel Group, Cree Lighting, Signify (formerly known as Philips Lighting), Legrand and Eaton.
The report explores crucial aspects of the intelligent lighting controls market including detailed discussion of existing growth factors and restraints while also browsing future growth opportunities and challenges that impact the market.
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