Europe Lighting Control System Market Size & Outlook
The lighting control system market in Europe is expected to reach a projected revenue of US$ 27,884.2 million by 2030. A compound annual growth rate of 12.6% is expected of Europe lighting control system market from 2024 to 2030.
Revenue, 2023 (US$M)
$12,157.6
Forecast, 2030 (US$M)
$27,884.2
CAGR, 2024 - 2030
12.6%
Report Coverage
Europe
Europe lighting control system market highlights
- The Europe lighting control system market generated a revenue of USD 12,157.6 million in 2023.
- The market is expected to grow at a CAGR of 12.6% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Hardware is the most lucrative component segment registering the fastest growth during the forecast period.
Europe data book summary
| Market revenue in 2023 | USD 12,157.6 million |
| Market revenue in 2030 | USD 27,884.2 million |
| Growth rate | 12.6% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Hardware |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware |
| Key market players worldwide | Acuity Brands Inc, Signify NV, GE Aerospace, Schneider Electric SE, Toshiba Corporation, Eaton Corp PLC, Honeywell International Inc, Lutron Electronics, Digital Lumens |
Other key industry trends
- In terms of revenue, Europe region accounted for 36.9% of the global lighting control system market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 21,043.9 million by 2030.
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Lighting Control System Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Digital Lumens | View profile | 101-250 | Boston, Massachusetts, United States, North America | https://digitallumens.com/ |
| Lutron Electronics | View profile | 1001-5000 | Coopersburg, Pennsylvania, United States, North America | http://www.lutron.com/ |
| Signify NV | View profile | 31920 | High Tech Campus 48, Eindhoven, Netherlands, 5656 AE | https://www.signify.com |
| Eaton Corp PLC | View profile | 94000 | 30 Pembroke Road, Eaton House, Dublin, Ireland, D04 Y0C2 | https://www.eaton.com |
| Toshiba Corporation | View profile | 10001+ | Tokyo, Tokyo, Japan, Asia | http://www.toshiba.com/tai/ |
| Acuity Brands Inc | View profile | 12200 | 1170 Peachtree Street, N.E., Suite 2300, Atlanta, GA, United States, 30309 | https://www.acuitybrands.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
| GE Aerospace | View profile | 125000 | One Financial Center, Suite 3700, Boston, MA, United States, 02111 | https://www.geaerospace.com |
| Schneider Electric SE | View profile | 162339 | 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 | https://www.se.com |
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