Smart Light Control Market

• Prevailing issue of global energy crisis will drive market growth.

Market CAGR for smart light and control is being driven by the prevailing issue of global energy crisis. The rising worldwide demand for energy is driving up energy prices, reducing energy supplies, and raising concerns about climate change and its accompanying consequences. Higher energy demand is expected in the future global economy. Consumption is predicted to rise by more than 50% over the next 20 to 25 years, owing mostly to increased energy consumption in developing countries such as China and India. Furthermore, the risk of climate change associated with the use of fossil fuels has impacted energy availability.

The majority of domestic, commercial, and industrial electricity use is attributed to lighting. Lighting accounts for 15% of worldwide electricity use and 5% of global greenhouse gas emissions. Using high-efficiency LED lighting is one answer to this energy problem. It is one of the key causes of the consumer trend toward smart lighting, which is contributing to the global smart lighting market's quick rise. Intelligent lighting solutions, according to the International Energy Agency (IEA), can save up to 35% more energy than traditional lighting systems.

LED technology is more efficient and has a longer lifespan than other technologies, which is another reason customers are turning to this technology.

The majority of emerging economies are devoting their attention to digital awareness and digitization. Most countries are actively implementing large-scale smart city initiatives as part of their digitization agenda. Smart lighting connected device system is one of the most important components of smart city projects because it employs a connected lighting system that is easily controlled by smart devices.

In the last decade, connected lighting systems have played a significant part in the intelligent and digital transformation of modern buildings and cities. This trend is projected to continue in the forecast term as the use of loT and connected devices in smart city schemes around the world grows. The adoption of smart lighting and control systems in smart city projects is expected to cut lighting system maintenance and energy expenses by 40% in a single year. This will also have a favourable impact on the environment.

Most smart cities are now installing smart lighting and control systems or improving their current retrofit systems with the help of loT sensors. The use of smart lighting and control systems in smart city projects is likely to fuel market expansion internationally.

Because of rising security concerns and a growing demand for linked streetlights, governments around the world are launching programs to mass-deploy connected streetlights.

For instance, through asset management rules and time monitoring analytics, a government in the United States was able to minimize outages and linked street light maintenance expenses by about 50% with the use of connected street lights. Rio de Janeiro's on-street lighting network has been linked with security cameras, smart traffic lights, and other connected devices as part of the "Cidade Linda" (beautiful city) effort.

The Global Smart Light and Control Market Industry is projected to experience remarkable growth over the coming years. With a market value of 6.1 USD Billion in 2024, the industry is set to expand significantly, driven by various factors such as technological advancements and increasing urbanization. By 2035, the market is expected to reach 61.1 USD Billion, reflecting a compound annual growth rate of 23.32% from 2025 to 2035. This growth trajectory underscores the increasing adoption of smart lighting solutions across residential, commercial, and industrial sectors, as stakeholders recognize the benefits of enhanced energy efficiency and user convenience.

Technological advancements in the Internet of Things (IoT) significantly influence the Global Smart Light and Control Market Industry. The integration of IoT technology enables smart lighting systems to communicate with other devices, enhancing user experience and operational efficiency. For example, smart bulbs can be controlled remotely via smartphones, allowing users to adjust lighting based on their preferences or schedules. This interconnectedness is expected to drive market growth, with projections indicating a market value of 61.1 USD Billion by 2035, as more consumers adopt smart home technologies.

The Global Smart Light and Control Market Industry experiences a notable surge in demand for energy-efficient lighting solutions. Governments worldwide are increasingly implementing regulations and incentives aimed at reducing energy consumption. For instance, the European Union has set ambitious targets to cut greenhouse gas emissions, which has led to a growing preference for smart lighting systems that optimize energy use. This trend is reflected in the projected market value of 6.1 USD Billion in 2024, as consumers and businesses alike seek to lower their energy bills while contributing to sustainability efforts.

The trend of increased urbanization and the development of smart cities play a crucial role in shaping the Global Smart Light and Control Market Industry. As urban populations grow, cities are investing in smart infrastructure to improve quality of life and reduce operational costs. Smart lighting solutions are integral to these initiatives, providing adaptive lighting that responds to real-time conditions. This shift towards smart urban environments is likely to contribute to a compound annual growth rate of 23.32% from 2025 to 2035, reflecting the increasing integration of smart technologies in urban planning.

Growing awareness of smart home solutions is a significant driver for the Global Smart Light and Control Market Industry. Consumers are becoming more informed about the benefits of smart lighting, including convenience, security, and energy savings. This heightened awareness is leading to increased adoption rates, as homeowners seek to enhance their living spaces with innovative technologies. Retailers are responding by expanding their offerings of smart lighting products, further fueling market growth. As a result, the industry is poised for substantial expansion, with a projected market value of 6.1 USD Billion in 2024.

Sustainability initiatives and regulations are increasingly shaping the Global Smart Light and Control Market Industry. Governments are implementing stringent regulations aimed at reducing carbon footprints and promoting energy-efficient technologies. For instance, many countries are phasing out traditional incandescent bulbs in favor of LED and smart lighting solutions. This regulatory environment encourages manufacturers to innovate and develop products that meet these standards. Consequently, the market is expected to witness robust growth, with projections indicating a market value of 61.1 USD Billion by 2035, as sustainability becomes a central focus for consumers and businesses alike.

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Smart Light and Control Market area will dominate this market; The presence of developing countries in the region is one of the primary driving factors for the market. Furthermore, the region's growing infrastructure-related activities are driving demand for smart lighting systems, propelling market expansion.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure2: Smart Light and Control Market SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Smart Light and Control Market accounts for the second-largest market share due to increased demand for intelligent lighting systems. Further, the German Smart Light and Control Market held the largest market share, and the UK Smart Light and Control Market was the fastest growing market in the European region

The Asia-Pacific Smart Light and Control Market is expected to grow at the fastest CAGR from 2023 to 2032. This is attributable to the growing demand from the commercial and residential application categories. Moreover, China’s Smart Light and Control Market held the largest market share, and the Indian Smart Light and Control Market was the fastest growing market in the Asia-Pacific region.

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Smart Light and Control Market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Smart Light and Controlindustry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Smart Light and Control industry to benefit clients and increase the market sector. In recent years, the Smart Light and Control industry has offered some of the most significant advantages to medicine. Major players in the Smart Light and Control Market, including Ecolab Mitsui Chemicals, Inc, NUOER GROUP, Zibo Xinye Chemical Co, Ltd, Zhejiang Xinyong Biochemical Co., Ltd and others, are attempting to increase market demand by investing in research and development operations.

Hubbell Incorporated is a corporation based in the United States that creates, manufactures, and sells electrical and electronic equipment for non-residential and residential construction, industrial, and utility applications. Harvey Hubbell began Hubbell as a sole proprietorship in 1888, and the company was incorporated in Connecticut in 1905. Fortune ranks it 602nd. The electrical segment (which includes electrical systems products and lighting products) and the Power section are the company's reporting segments.

In March 2021, Hubbell Control Solutions has introduced a new and enhanced NX Distributed Intelligence Lighting Control Panel (NXP2 Series), which centralizes connection points in an enclosure and provides an installer-friendly option for deploying code compliant lighting control.

OSRAM Licht AG, headquartered in Munich and Premstätten (Austria), is a German manufacturer of electric lighting. OSRAM sees itself as a high-tech photonics company with a growing emphasis on sensor technology, visualization, and light treatment. Customers are served by the corporation in the consumer, automotive, healthcare, and industrial technology sectors. OSRAM GmbH is the operating corporation of OSRAM. In April 2020, OSRAM, a global manufacturer of lighting systems and smart lighting systems, has teamed with the Polish-American business Silvair, which offers global Bluetooth-based smart lighting solutions.

OSRAM supplies a Bluetooth-based smart lighting solution that is interoperable with OSRAM lighting systems through this agreement.