How big is the Commercial Lighting Control Market?

The Commercial Lighting Control Market size is expected to reach USD 9.10 billion in 2024 and grow at a CAGR of 15.20% to reach USD 18.46 billion by 2029. Read More

What is the current Commercial Lighting Control Market size?

In 2024, the Commercial Lighting Control Market size is expected to reach USD 9.10 billion. Read More

Who are the key players in Commercial Lighting Control Market?

Philips Lighting NV, Honeywell International, Inc., General Electric Company, Infineon Technologies and Schneider Electric are the major companies operating in the Commercial Lighting Control Market. Read More

Which is the fastest growing region in Commercial Lighting Control Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Commercial Lighting Control Market?

In 2024, the North America accounts for the largest market share in Commercial Lighting Control Market. Read More

What years does this Commercial Lighting Control Market cover, and what was the market size in 2023?

In 2023, the Commercial Lighting Control Market size was estimated at USD 7.72 billion. The report covers the Commercial Lighting Control Market historical market size for years: 2022 and 2023. The report also forecasts the Commercial Lighting Control Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Commercial Lighting Control Market Size & Share Analysis - Industry Research Report

Commercial Lighting Control Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Commercial Lighting Control Market Report is Segmented by Type (Hardware [LED Driver, Sensors and Switches and Dimmers, Relay Units, Gateways], Software), by Communication Protocol (Wired and Wireless), and by Geography (North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Commercial Lighting Control Industry Overview

The commercial lighting control market is very competitive. The commercial lighting control market is highly concentrated due to various large and small players. All the major players account for a significant market share and focus on expanding the global consumer base. Some significant players in the market are Philips Lighting NV, Honeywell International Inc., General Electric Company, Infineon Technologies, Schneider Electric, and many more. Several companies are increasing their market share by forming collaborations, partnerships, and acquisitions and introducing new and innovative products to earn a competitive edge during the forecast period.

• January 2024: Cree LED and Current Lighting Solutions have agreed to license Current's patents for KSF/PFS red phosphor for Cree LED products with Pro9 technology. This agreement pertains to using KSF/PFS phosphor to enhance the efficiency of LED components. The license includes Cree LED products incorporating Pro9™ technology utilizing Potassium Fluoride Silicon (KSF/PFS phosphor). This phosphor is used to improve the efficiency of LED components, particularly those that provide higher CRI (Color Rendering Index).

• September 2023: Advanced Lighting Technologies announced the acquisition of Cree Lighting, a market leader and innovator of indoor and outdoor LED lighting. Through this acquisition, it aims to enhance its market position in the LED product marketplace and represents the achievement of another step in its ambitious growth strategy.