Pune, India, Sept. 01, 2022 (GLOBE NEWSWIRE) — The global lighting control market The size was estimated at $17.03 billion in 2021 and $18.61 billion in 2022. The market is expected to reach USD 57.81 billion by 2029 at a CAGR of 17.6% over the forecast period. Upcoming smart city projects in both developing and developed countries are expected to drive the market growth. Lighting control systems are expected to increase due to the integration of advanced technologies using the Internet of Things, thereby driving the market progress. Insights into the Fortune business™ shares this information in his report entitled “Lighting Controls Market Share, 2022-2029.“

key industry development

• January 2021- Honeywell International has partnered with Signify. The partnership aims to integrate Signify’s lighting system with Honeywell’s building management software to provide a centralized intelligent lighting system for commercial use.

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Report scope:

segments

The Switches segment saw the highest revenue due to the widespread adoption of the Internet of Things

On the basis of product, the market is segmented into LED Drivers & Ballasts, Switches, Sensors, Dimmers, Emitters & Receivers, and Others. The Switch segment is expected to lead the market as it recorded the highest revenue in 2021. It is also predicted to maintain dominance due to increasing use of the Internet of Things and connected devices.

Wired segment leads the segment due to technical advantages

Based on the connectivity type, the market is segmented into wired and wireless. The wired segment is expected to dominate the market…