The Europe Lighting Control System Market would witness market growth of 7.4% CAGR during the forecast period (2023-2030).
High-intensity discharge lights produce an incredibly brilliant light when electricity arcs between two electrodes, and they are frequently used in automobile headlamps. High-intensity discharge lamps are a sort of light discharge through electric gas. As a conductor, metal halide gas, mercury, and sodium work together to provide high-intensity discharge lighting with the second-highest efficacy and the longest lifespan of any type of lighting. The computerized and electronic lighting control system, also known as smart lighting, offers control solutions that integrate transmission centrally through several inputs and outputs using the main modem. Systems for controlling lighting ensure the right light is available when and where needed.
In commercial, industrial, and residential settings, lighting control systems are widely used for indoor and outdoor lighting. Lighting technology for convenience, security, and energy efficiency may be included in lighting control systems. It can produce efficient energy by reducing the amount of energy needed for lighting applications. Additionally, wireless lighting control offers more freedom in placing switches and sensors and lower installation costs. On the other hand, wired smart lighting control systems connect the lights and control devices using wires. Since there is no chance of interference, these systems typically have higher reliability.
The urban population is expected to grow in all size classes between 2018 and 2030, while the rural population is expected to fall slightly, according to Trend Deck 2021: Urbanisation, issued by the UK government in June 2021. The German government is helping municipalities by sponsoring the creation of integrated smart city strategies and their implementation through the 2020 Smart City Model Projects Program, where 32 selected projects are financed with approximately EUR 350 million. The funding effort focuses on cross-sectoral projects that other German municipalities can adopt. As a result of the expansion of smart city projects and the urbanization of this region, the market will expand in the next years.
The Germany market dominated the Europe Lighting Control System Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,984.9 million by 2030. The UK market is estimated to grow a CAGR of 6.4% during (2023 - 2030). Additionally, The France market would showcase a CAGR of 8.2% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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.
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