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Lighting Control Systems Market By Component (Hardware, Software), By Connectivity Type (Wired, Wireless), By End-user (Residential, Commercial, Industrial, Public & Government Buildings, Highways & Roadways, Transportation & Automotive, Architectural Lightings) – Growth, Share, Opportunities & Competitive Analysis, 2018 – 2026

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Market Insights

The global lighting control systems market was valued at US$ 14.5 billion in 2017 and is expected to grow significantly, expanding at a CAGR of 14.2% from 2018 to 2026. The growth of this market is mainly credited to the increasing awareness about energy conservation worldwide. Efficient lighting is undervalued as a tool to achieve substantial energy savings.

Reducing energy consumption is the key factor in attaining energy sustainability objectives. As a result, controlling light is now one of the most important requirements for reducing energy costs. When planning an energy-efficient lighting installation, lighting control systems play a vital role and can help minimize energy consumption by up to 80%. Reducing or eliminating the use of electric light that is not required can save up to 30% of lighting energy costs and over 10% of total building energy costs.

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Lighting control systems not only enable the lighting to be adjusted to suit the visual requirements but also allow it to shape and interpret the architecture. These systems assist in controlling lights through dimmers, sensors, and timers and help adjust the power consumption in a room to its usage while optimizing the economic efficiency of a lighting system. It has the ability to regulate the quality and level of light in a given space for precise situations or tasks. Controlling light appropriately not only enhances the experience but also helps save energy by using light where and when it is needed the most.

The rising demand for smarter and better lighting infrastructure is another factor contributing to market growth. Smart lighting infrastructure provides assistance in sensing movement, and the number of people in the immediate vicinity and then adjusts lights accordingly. As a result, the development of smart lighting infrastructures is likely to boost the growth of the lighting control systems market even further.

Market Snapshot

Hardware generated the most revenue in 2017.

Based on components, the hardware segment garnered the largest revenue in the global lighting control systems market in 2017. Due to their widespread use in lighting control systems, the hardware segment is expected to grow at a noteworthy rate during the forecast period from 2018 to 2026. Hardware components in the lighting control systems include dimmers, sensors, and timers.

Integration of these into a lighting control system allows for greater energy management, which in turn gives them the ability to control individual lights or groups of lights from a single device. This allows for the creation of custom lighting scenes for different activities in a particular room or area. On the other hand, the software segment is projected to witness the fastest growth in the coming years, owing to the rising demand for smart lighting control systems. Smart lighting solutions are accessible away from home and are controlled by smartphones, tablets, or any other smart devices.

Wired connectivity held the largest share of the market in 2017.

The global lighting control systems market was dominated by wired connectivity in 2017. Wired technology is more useful in new installations than retrofitting the existing lighting settings, where providing an overlay control system utilizing a wired infrastructure can be cumbersome and expensive.

Although lighting control systems have been proven to reduce the consumption of lighting energy, commercial and industrial settings have been hesitant to install them due to the complexity, applicability, and cost associated with wired lighting control technology. Wired technologies require higher maintenance costs and a larger initial investment.

On the other hand, wireless technologies are eliminating these concerns while expanding the capabilities of lighting control systems. As a result, wireless connectivity is expected to provide superior growth prospects and is projected to emerge as the fastest-growing segment in the market during the forecast period from 2018 to 2026.

The commercial will continue to dominate during the forecast period of 2018 to 2026.

In 2017, the global lighting control systems market, based on end-user, was led by the commercial segment and was expected to remain dominant in the market during the forecast period from 2018 to 2026. In commercial buildings, lighting accounts for up to 20% of the total building’s electricity use.

The efficient control of lighting across all areas is a vital tool in reducing energy waste. Lighting control systems used in commercial settings benefit occupants and building owners by controlling the light levels and saving energy by automatically switching off the lights when no one is present.

It provides a safe environment while delivering many aspects of well-being to the occupants. Lighting control systems have proven to reduce the consumption of lighting energy in commercial buildings by 70%, as they help reduce costs and conserve energy by dimming or turning off lights when they are not in use.

During the forecast period of 2018 to 2026, Asia Pacific will maintain its dominance.

Based on geography, the lighting control system market was led by the Asia-Pacific region in 2017. It is considered a high-growth market and is projected to continue its dominance during the forecast period from 2018 to 2026. Growing inclination towards smart lighting systems coupled with increasing government spending on the development of smart cities is likely to augment the growth of the lighting control system market in the region.

Moreover, in order to impart better standards of living, governments in countries like China and India are incessantly focusing on developing smart city projects by incorporating changes in the existing infrastructure and replacing conventional incandescent bulbs with connected lighting fixtures and controllers. The advent of smart cities has led to an upsurge in demand for lighting control systems, and it is projected that owing to smart city initiatives, the lighting control system market is likely to grow at a rapid pace in the years to come.

Competitive Insights

Major players in the lighting control systems market include Acuity Brands Lighting Inc., Cree, Inc., Eaton Corporation Plc, G.E. Lighting, LLC, Honeywell International Inc., Hubbell Incorporated, Legrand Electric Ltd., Leviton Manufacturing Co., Inc., Lutron Electronics, Inc., OSRAM Licht AG, Philips Lighting Holding B.V., and Schneider Electric S.E., among others.

The prominent players present in the market are shifting their focus toward strengthening their product portfolios and emphasizing research and development of lighting control systems to obtain an upper hand and stay ahead of the competition. The players are mainly focusing on implementing strategies to cater to the needs of their customers in emerging markets.

For instance, in September 2017, Acuity Brands Lighting, Inc. entered into a partnership and chose Silver Spring Networks, Inc. as its technology and channel partner, which provides a new street lighting network solution. Under this partnership, Acuity Brands has developed DTL-DSN intelligent photocontrol, which functions on a wireless network platform that is managed by Silver Spring Networks. Together, Silver Spring Networks’ multi-application platform and Acuity Brands’ DTL DSL intelligent photocontrol provide smart lighting control and networking to large-scale lighting operators.

Periods of History and Forecast

The research report presents the analysis of each segment from 2016 to 2026, considering 2017 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments was calculated for the forecast period from 2018 to 2026.

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Report Scope by Segments

The lighting control systems market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global lighting control systems market based on component, connectivity type, end-user, and geography. Key segments covered in the report are as follows:

Key questions are answered in this report.

  • What was the market size of lighting control systems in 2017, and what is the forecast up to 2026?
  • What are the key factors driving the global market for lighting control systems?
  • What are the key market trends and high-growth opportunities observed in the lighting control system market?
  • What are the drivers of the lighting control system market?
  • What are the obstacles to the growth of the lighting control system market?
  • Which is the largest regional market for lighting control systems?
  • Which segment will grow at a faster pace? Why?
  • Which region will drive the market’s growth? Why?
  • Which players are leading the lighting control system market?
  • What are the sustainability strategies adopted by the key players operating in the market?

This report’s distinct data points

  • Lighting control system trends across different geographies and sub-geographies
  • The adoption rate of lighting control systems across several applications, comprehensive mapping of the competitive landscape, and the market participants’ behavior.
  • Current and future scenarios of lighting control systems across the globe

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Approach Adopted
1.3.4. Top-Down Approach
1.3.5. Bottom-up Approach
1.3.6. Phase III – Expert Panel Review
1.3.7. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global LCS Market
2.2. Global LCS Market, by Component, 2017 (US$ Bn)
2.3. Global LCS Market, by Connectivity Type, 2017 (US$ Bn)
2.4. Global LCS Market, by End-user, 2017 (US$ Bn)
2.5. Global LCS Market, by Geography, 2017 (US$ Bn)

3. Market Dynamics
3.1. Introduction
3.1.1. Global LCS Market Value, 2016 – 2026, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. See-Saw Analysis
3.3.1. Impact Analysis of Drivers and Restraints
3.4. Attractive Investment Proposition, by Geography, 2017
3.5. Market Positioning of Key Players, 2017
3.5.1. Major Strategies Adopted by the Key Players

4. Global Lighting Control Systems (LCS) Market, by Component , 2016 – 2026 (US$ Bn)
4.1. Overview
4.2. Hardware
4.3. Software

5. Global Lighting Control Systems (LCS) Market, by Connectivity Type , 2016 – 2026 (US$ Bn)
5.1. Overview
5.2. Wired
5.3. Wireless

6. Global Lighting Control Systems (LCS) Market, by End-user , 2016 – 2026 (US$ Bn)
6.1. Overview
6.2. Residential
6.3. Commercial
6.4. Industrial
6.5. Public & Government Buildings
6.6. Highways & Roadways
6.7. Transportation & Automotive
6.8. Architectural Lightings

7. North America Lighting Control Systems (LCS) Market Analysis, 2016 – 2026 (US$ Bn)
7.1. Overview
7.1.1. North America LCS Market Value and Growth, 2016 – 2026, (US$ Bn)
7.2. North America LCS Market Value, By Component, 2016 – 2026 (US$ Bn)
7.2.1. Market Analysis
7.3. North America LCS Market Value, By Connectivity Type, 2016 – 2026 (US$ Bn)
7.3.1. Market Analysis
7.4. North America LCS Market Value, By End-user, 2016 – 2026 (US$ Bn)
7.4.1. Market Analysis
7.5. North America LCS Market Value, By Region/Country, 2016 – 2026 (US$ Bn)
7.5.1. Market Analysis
7.5.2. U.S.
7.5.3. Rest of North America

8. Europe Lighting Control Systems (LCS) Market Analysis, 2016 – 2026 (US$ Bn)
8.1. Overview
8.1.1. Europe LCS Market Value and Growth, 2016 – 2026, (US$ Bn)
8.2. Europe LCS Market Value, By Component, 2016 – 2026 (US$ Bn)
8.2.1. Market Analysis
8.3. Europe LCS Market Value, By Connectivity Type, 2016 – 2026 (US$ Bn)
8.3.1. Market Analysis
8.4. Europe LCS Market Value, By End-user, 2016 – 2026 (US$ Bn)
8.4.1. Market Analysis
8.5. Europe LCS Market Value, By Region/Country, 2016 – 2026 (US$ Bn)
8.5.1. Market Analysis
8.5.2. U.K.
8.5.3. Germany
8.5.4. France
8.5.5. Rest of Europe

9. Asia Pacific Lighting Control Systems (LCS) Market Analysis, 2016 – 2026 (US$ Bn)
9.1. Overview
9.1.1. Asia Pacific LCS Market Value and Growth, 2016 – 2026, (US$ Bn)
9.2. Asia Pacific LCS Market Value, By Component, 2016 – 2026 (US$ Bn)
9.2.1. Market Analysis
9.3. Asia Pacific LCS Market Value, By Connectivity Type, 2016 – 2026 (US$ Bn)
9.3.1. Market Analysis
9.4. Asia Pacific LCS Market Value, By End-user, 2016 – 2026 (US$ Bn)
9.4.1. Market Analysis
9.5. Asia Pacific LCS Market Value, By Region/Country, 2016 – 2026 (US$ Bn)
9.5.1. Market Analysis
9.5.2. Japan
9.5.3. China
9.5.4. India
9.5.5. Rest of Asia Pacific

10. Rest of the World Lighting Control Systems (LCS) Market Analysis, 2016 – 2026 (US$ Bn)
10.1. Overview
10.1.1. Rest of the World LCS Market Value and Growth, 2016 – 2026, (US$ Bn)
10.2. Rest of the World LCS Market Value, By Component, 2016 – 2026 (US$ Bn)
10.2.1. Market Analysis
10.3. Rest of the World LCS Market Value, By Connectivity Type, 2016 – 2026 (US$ Bn)
10.3.1. Market Analysis
10.4. Rest of the World LCS Market Value, By End-user, 2016 – 2026 (US$ Bn)
10.4.1. Market Analysis
10.5. Rest of the World LCS Market Value, By Region, 2016 – 2026 (US$ Bn)
10.5.1. Market Analysis
10.5.2. Middle East & Africa
10.5.3. Latin America

11. Company Profiles
11.1. Acuity Brands Lighting Inc.
11.2. Cree, Inc.
11.3. Eaton Corporation Plc
11.4. GE Lighting, LLC
11.5. Honeywell International Inc.
11.6. Hubbell Incorporated
11.7. Legrand Electric Ltd.
11.8. Leviton Manufacturing Co., Inc.
11.9. Lutron Electronics, Inc.
11.10. OSRAM Licht AG
11.11. Philips Lighting Holding B.V.
11.12. Schneider Electric SE

List of Figures

FIG. 1 Global Lighting Control Systems (LCS) Market: Research Methodology
FIG. 2 Market Size Estimation – Top-Down and Bottom Up Approach
FIG. 3 Global LCS Market Segmentation
FIG. 4 Global LCS Market, by Component, 2017 (US$ Bn)
FIG. 5 Global LCS Market, by Connectivity Type, 2017 (US$ Bn)
FIG. 6 Global LCS Market, by End-user, 2017 (US$ Bn)
FIG. 7 Global LCS Market, by Geography, 2017 (US$ Bn)
FIG. 8 Global LCS Market Value, 2016 – 2026, (US$ Bn) and (Y-o-Y%)
FIG. 9 See-Saw Analysis: Global LCS Market
FIG. 10 Attractive Investment Proposition, by Geography, 2017
FIG. 11 Global Market Positioning of Key Lighting Control Systems Manufacturers, 2017
FIG. 12 Global LCS Market Value Share, by Component, 2017 & 2026 (Value %)
FIG. 13 Global LCS Market for Hardware, 2016 – 2026, (US$ Bn)
FIG. 14 Global LCS Market for Software, 2016 – 2026, (US$ Bn)
FIG. 15 Global LCS Market Value Share, by Connectivity Type, 2017 & 2026 (Value %)
FIG. 16 Global Wired LCS Market, 2016 – 2026, (US$ Bn)
FIG. 17 Global Wireless LCS Market, 2016 – 2026, (US$ Bn)
FIG. 18 Global LCS Market Value Share, by End-user, 2017 & 2026 (Value %)
FIG. 19 Global LCS Market Value for Residential, 2016 – 2026 (US$ Bn)
FIG. 20 Global LCS Market Value for Commercial, 2016 – 2026 (US$ Bn)
FIG. 21 Global LCS Market Value for Industrial, 2016 – 2026 (US$ Bn)
FIG. 22 Global LCS Market Value for Public & Government Buildings, 2016 – 2026 (US$ Bn)
FIG. 23 Global LCS Market Value for Highways & Roadways, 2016 – 2026 (US$ Bn)
FIG. 24 Global LCS Market Value for Transportation & Automotive, 2016 – 2026 (US$ Bn)
FIG. 25 Global LCS Market Value for Architectural Lightings, 2016 – 2026 (US$ Bn)
FIG. 26 North America LCS Market Value, 2016 – 2026, (US$ Bn)
FIG. 27 U.S. LCS Market Value, 2016-2026, (US$ Bn)
FIG. 28 Rest of North America LCS Market Value, 2016-2026, (US$ Bn)
FIG. 29 Europe LCS Market Value, 2016 – 2026, (US$ Bn)
FIG. 30 U.K. LCS Market Value, 2016-2026, (US$ Bn)
FIG. 31 Germany LCS Market Value, 2016-2026, (US$ Bn)
FIG. 32 France LCS Market Value, 2016-2026, (US$ Bn)
FIG. 33 Rest of Europe LCS Market Value, 2016-2026, (US$ Bn)
FIG. 34 Asia Pacific LCS Market Value, 2016 – 2026, (US$ Bn)
FIG. 35 China LCS Market Value, 2016-2026, (US$ Bn)
FIG. 36 Japan LCS Market Value, 2016-2026, (US$ Bn)
FIG. 37 India LCS Market Value, 2016-2026, (US$ Bn)
FIG. 38 Rest of Asia Pacific LCS Market Value, 2016-2026, (US$ Bn)
FIG. 39 RoW LCS Market Value, 2016 – 2026, (US$ Bn)
FIG. 40 Middle East & Africa (MEA) LCS Market Value, 2016-2026, (US$ Bn)
FIG. 41 Latin America LCS Market Value, 2016-2026, (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Lighting Control Systems (LCS) Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 Global LCS Market, by Component, 2016 – 2026 (US$ Bn)
TABLE 5 Global LCS Market, by Connectivity Type, 2016 – 2026 (US$ Bn)
TABLE 6 Global LCS Market, by End-user, 2016 – 2026 (US$ Bn)
TABLE 7 North America LCS Market Value, by Component, 2016 – 2026 (US$ Bn)
TABLE 8 North America LCS Market Value, by Connectivity Type, 2016 – 2026 (US$ Bn)
TABLE 9 North America LCS Market Value, by End-user, 2016 – 2026 (US$ Bn)
TABLE 10 North America LCS Market Value, by Region/Country, 2016 – 2026 (US$ Bn)
TABLE 11 U.S. LCS Market Value, by Component, 2016 – 2026 (US$ Bn)
TABLE 12 U.S. LCS Market Value, by Connectivity Type, 2016 – 2026 (US$ Bn)
TABLE 13 U.S. LCS Market Value, by End-user, 2016 – 2026 (US$ Bn)
TABLE 14 Rest of North America LCS Market Value, by Component, 2016 – 2026 (US$ Bn)
TABLE 15 Rest of North America LCS Market Value, by Connectivity Type, 2016 – 2026 (US$ Bn)
TABLE 16 Rest of North America LCS Market Value, by End-user, 2016 – 2026 (US$ Bn)
TABLE 17 Europe LCS Market Value, by Component, 2016 – 2026 (US$ Bn)
TABLE 18 Europe LCS Market Value, by Connectivity Type, 2016 – 2026 (US$ Bn)
TABLE 19 Europe LCS Market Value, by End-user, 2016 – 2026 (US$ Bn)
TABLE 20 Europe LCS Market Value, by Region/Country, 2016 – 2026 (US$ Bn)
TABLE 21 U.K. LCS Market Value, by Component, 2016 – 2026 (US$ Bn)
TABLE 22 U.K. LCS Market Value, by Connectivity Type, 2016 – 2026 (US$ Bn)
TABLE 23 U.K. LCS Market Value, by End-user, 2016 – 2026 (US$ Bn)
TABLE 24 France LCS Market Value, by Component, 2016 – 2026 (US$ Bn)
TABLE 25 France LCS Market Value, by Connectivity Type, 2016 – 2026 (US$ Bn)
TABLE 26 France LCS Market Value, by End-user, 2016 – 2026 (US$ Bn)
TABLE 27 Germany LCS Market Value, by Component, 2016 – 2026 (US$ Bn)
TABLE 28 Germany LCS Market Value, by Connectivity Type, 2016 – 2026 (US$ Bn)
TABLE 29 Germany LCS Market Value, by End-user, 2016 – 2026 (US$ Bn)
TABLE 30 Rest of Europe LCS Market Value, by Component, 2016 – 2026 (US$ Bn)
TABLE 31 Rest of Europe LCS Market Value, by Connectivity Type, 2016 – 2026 (US$ Bn)
TABLE 32 Rest of Europe LCS Market Value, by End-user, 2016 – 2026 (US$ Bn)
TABLE 33 Asia Pacific LCS Market Value, by Component, 2016 – 2026 (US$ Bn)
TABLE 34 Asia Pacific America LCS Market Value, by Connectivity Type, 2016 – 2026 (US$ Bn)
TABLE 35 Asia Pacific LCS Market Value, by End-user, 2016 – 2026 (US$ Bn)
TABLE 36 Asia Pacific LCS Market Value, by Region/Country, 2016 – 2026 (US$ Bn)
TABLE 37 Japan LCS Market Value, by Component, 2016 – 2026 (US$ Bn)
TABLE 38 Japan LCS Market Value, by Connectivity Type, 2016 – 2026 (US$ Bn)
TABLE 39 Japan LCS Market Value, by End-user, 2016 – 2026 (US$ Bn)
TABLE 40 China LCS Market Value, by Component, 2016 – 2026 (US$ Bn)
TABLE 41 China LCS Market Value, by Connectivity Type, 2016 – 2026 (US$ Bn)
TABLE 42 China LCS Market Value, by End-user, 2016 – 2026 (US$ Bn)
TABLE 43 India LCS Market Value, by Component, 2016 – 2026 (US$ Bn)
TABLE 44 India LCS Market Value, by Connectivity Type, 2016 – 2026 (US$ Bn)
TABLE 45 India LCS Market Value, by End-user, 2016 – 2026 (US$ Bn)
TABLE 46 Rest of Asia Pacific LCS Market Value, by Component, 2016 – 2026 (US$ Bn)
TABLE 47 Rest of Asia Pacific LCS Market Value, by Connectivity Type, 2016 – 2026 (US$ Bn)
TABLE 48 Rest of Asia Pacific LCS Market Value, by End-user, 2016 – 2026 (US$ Bn)
TABLE 49 Rest of the World LCS Market Value, by Component, 2016 – 2026 (US$ Bn)
TABLE 50 Rest of the World LCS Market Value, by Connectivity Type, 2016 – 2026 (US$ Bn)
TABLE 51 Rest of the World LCS Market Value, by End-user, 2016 – 2026 (US$ Bn)
TABLE 52 Rest of the World LCS Market Value, by Region, 2016 – 2026 (US$ Bn)
TABLE 53 Middle East & Africa LCS Market Value, by Component, 2016 – 2026 (US$ Bn)
TABLE 54 Middle East & Africa LCS Market Value, by Connectivity Type, 2016 – 2026 (US$ Bn)
TABLE 55 Middle East & Africa LCS Market Value, by End-user, 2016 – 2026 (US$ Bn)
TABLE 56 Latin America LCS Market Value, by Component, 2016 – 2026 (US$ Bn)
TABLE 57 Latin America LCS Market Value, by Connectivity Type, 2016 – 2026 (US$ Bn)
TABLE 58 Latin America LCS Market Value, by End-user, 2016 – 2026 (US$ Bn)
TABLE 59 Acuity Brands Lighting Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 60 Cree, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 61 Eaton Corporation Plc: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 62 GE Lighting, LLC: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 63 Honeywell International Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 64 Hubbell Incorporated: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 65 Legrand Electric Ltd: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 66 Leviton Manufacturing Co., Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 67 Lutron Electronics, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 68 OSRAM Licht AG: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 69 Philips Lighting Holding B.V.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)
TABLE 70 Schneider Electric SE: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

Frequently Asked Question:

What is the size of Lighting Control Systems Market?

The market for Lighting Control Systems Market is expected to reach USD$ 14.5 Bn in 2026.

What is the Lighting Control Systems Market CAGR?

The Lighting Control Systems Market is expected to see significant CAGR growth over the coming years, at 14.2%.

What is the Forecast period considered for Lighting Control Systems Market?

The report is forecasted from 2018 -2026.

What is the base year considered for Lighting Control Systems Market?

The base year of this report is 2017.

Who are the major players in this market?

G.E. Lighting, LLC, Honeywell International Inc., Hubbell Incorporated, Legrand Electric Ltd., Leviton Manufacturing Co., Inc., Lutron Electronics. are some of the major players in the global market.

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