The North America Lighting Control System Market would witness market growth of 6.2% CAGR during the forecast period (2023-2030).
The need of lighting control systems has increased significantly in the recent past in order to diminish energy usage. Combining lighting control systems with LEDs would lengthen the lifespan of an LED light source, reduce maintenance costs, and shorten payback periods even further. Therefore, LED lighting products with dynamic lighting control systems would use less energy for brightness. All of these benefits have driven construction companies involved in constructing stadiums and expressways to use LED lighting.
Additionally, it is thought that the capacity to change the light levels to fit the task at hand would increase staff productivity, supporting the market expansion. Providing adequate lighting according to the task lowers employees' gaze and boosts their attention. Furthermore, it can reduce carbon emissions, save money, and give the correct amount of light when and where needed. As a result, it is projected that all of these factors will accelerate market expansion.
The U.S. Environmental Protection Agency (EPA) will launch the first Smart Home Energy Management System (SHEMS) for mass-market homes in June 2023. This certification allows homeowners and renters across the nation to choose solutions that help them simplify the administration of networked goods to conserve energy, save money, and protect the environment. Smart home technologies are becoming more and more popular across the nation. American homeowners can track and automate everything from their lighting to their thermostat to optimize for energy savings that result in financial savings and a smaller carbon footprint by adoption of smart systems that earn the ENERGY STAR. It is anticipated that the market will expand in the region due to the rising popularity of smart homes and focus on energy conservation.
The US market dominated the North America Lighting Control System Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $6,837.3 million by 2030. The Canada market is poised to grow at a CAGR of 8.6% during (2023 - 2030). Additionally, The Mexico market would witness a CAGR of 7.7% during (2023 - 2030).
Based on Application, the market is segmented into Indoor (Commercial, Residential, and Industrial) and Outdoor. Based on Component, the market is segmented into Solution and Services. Based on Technology, the market is segmented into Wired and Wireless (Wi-Fi, Bluetooth, ZigBee, Proprietary, Hybrid and Others). Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Lighting Control System Market is Projected to reach USD 29.8 Billion by 2030, at a CAGR of 7.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Signify N.V., Acuity Brands Lighting, Inc., Cree Lighting (Ideal Industries, Inc.), GE Current, a Daintree company, Legrand S.A. (Legrand Group), Eaton Corporation PLC, ams-OSRAM AG, Hubbell Incorporated, Dialight PLC and Lutron Electronics Co., Inc.
By Application
By Component
By Technology
By Country
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