Lighting controls market to grow to $10 billion

Advanced lighting control strategies, such as scheduling, occupancy sensing, and daylight harvesting, have the potential to drastically reduce lighting energy consumption in commercial and industrial buildings. According to the report, the global lighting control market for occupancy sensors, photoelectric sensors, multi-function sensors, relays and switches is expected to grow from USD 7.4 billion in 2023 to USD 10.8 billion in 2032, at a compound annual growth rate (CAGR) of 4.3 %.

As energy-efficient LED lighting systems become more common and opportunities to improve light source efficiency become more limited, increased lighting control may become an important mechanism for reducing lighting energy consumption. Energy and building codes mandating the use of lighting controls in commercial and industrial buildings are strongly driving this market. The drive to reduce energy consumption and consequent greenhouse gas (GHG) emissions has led to the adoption of increasingly stringent regulations, applicable to a wider range of construction projects.

Although the market has considerable growth potential, multiple challenges limit the size of the lighting controls market in the next decade. Energy and building codes increasingly require the use of lighting controls in C&I, which is driving growth in lighting control deployments, but the industry faces headwinds from the total cost of lighting control systems installed, and how the complexity of these systems will affect buildings operate.