Demand for Energy-Efficient Lighting Solutions Propels Growth Global Intelligent Lighting Control Market

The Global Intelligent Lighting Control Market was valued at USD 12.16 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 23.64% through 2031.

Intelligent lighting control systems have emerged as a key component of smart lighting solutions, offering the ability to adjust and optimize lighting levels, types, and properties in various spaces. With a focus on energy efficiency and reducing electricity wastage, these smart devices play a crucial role in promoting sustainable practices.

The heart of such systems lies in the intelligent module, which acts as the execution unit and control terminal, seamlessly integrating with the background intelligent central control system. As developing economies prioritize digital awareness and embrace smart city initiatives, the demand for smart lighting-linked devices is on the rise.

As a crucial element in smart city projects, the market for intelligent lighting control is expected to witness significant growth in the forecast period, driven by the increasing adoption of smart devices by consumers worldwide.

High Demand for Energy-Efficient Lighting Solutions

Considering there is a significant need for energy-efficient lighting solutions, the Intelligent Lighting Control Market is predicted to rise at a promising rate in 2023-2031. The importance of energy management in terms of reducing carbon footprints is becoming more and more apparent to consumers. Governments are also putting more effort into coming up with new ways to reduce power consumption.

For instance, the United States government officially confirmed the commencement of the Climate Smart Buildings Initiative in August 2022, with the goal of modernizing the country's public infrastructure and lowering GHG emissions by 2.8 million metric tonnes per year, by 2030.

R&D expenditures for infrastructure development have significantly increased as a result of the adoption of smart technology in public lighting systems. For instance, the U.K. Government for Business, Energy & Industrial Strategy (BEIS) allocated money to U.K. Research & Innovation (UKRI) in March 2022, totaling more than USD 30.3 billion to support multiple R&D initiatives.