Asia Pacific is expected to remain the largest region and will experience the highest growth over the forecast period due to the increasing lighting demand in China and India.

1. Global Lighting Control Market 2018 to 2023:
Trends, Forecast, and Opportunity Analysis
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2. Industry Profiles Snapshot
Major Parameter Description
Market Segments by
application
Indoor and outdoor
Market Segments by
installation type
New installation and retrofit installation
Market Segments by
connection type
Wired and wireless
Market Segments by product LED driver, sensors, switches & dimmers, relay units and gateways
Market Segments by region North America, Europe, Asia Pacific, Rest of the World.
Top Companies Name General Electric, Cree Inc., Osram, Philips, and Lutron
CAGR 12%
Key Industry Forecast
The global lighting control market is expected to reach an estimated $21.1
billion by 2023 with a CAGR of 12% from 2018 to 2023.
Key Industry Driver
Driver: Growth in development of smart cities, increasing adoption of Internet
of Things in the lighting industry, rising utility costs, and favorable government
regulations for energy efficiency.
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3. Industry Overview
Market Size
• The global lighting control market is
expected to reach an estimated $21.1
billion by 2023 with a CAGR of 12% from
2018 to 2023.
• Emerging trends, which have a direct
impact on the dynamics of the lighting
control industry, include increasing
demand for daylight sensors, growth in
camera-based lighting control
technology, and development of hybrid
lighting control systems.
Market Size (2023) $21.1billion
CAGR (2018-23) 12%
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Industry Performance : Forecast