$2.4bn
$XXX.Xm
5,357
145
$XXX.Xm
Building Lighting Control System Manufacturers make components and develop software for building lighting control systems. Manufacturers derive their demand from a few different places. Downstream demand comes primarily from four markets, residential, commercial, industrial and institutional. Throughout the period, there has been a varying degree of demand from each market. During COVID-19, demand from all markets except residential clients was crushed. Following COVID-19, office buildings remained at a heightened vacancy rate as many companies continued remote work.
Industry revenue has declined at a CAGR of 1.1 % over the past five years, to reach an estimated $2.4bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Signify Holding B.V. | 422.0 | 0.0 | 0.0 | |
Acuity Brands, Inc. | 143.0 | 18.1 | 12.6 | |
Hubbell Inc. | 94.0 | 11.1 | 11.8 |
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Industry revenue is measured across several distinct product and services lines, including Daylight dimming systems, Remote mounted occupancy sensors and Fixture mounted occupancy sensors. Daylight dimming systems is the largest segment of the Building Lighting Control System Manufacturing in the US.
Daylight dimming systems
Companies in the Building Lighting Control System Manufacturing industry manufacture components and develop software for building lighting control systems. These systems include components and software that control communication with switches, motion sensors and light sensors to provide flexible scheduling, daylight harvesting, occupancy control, personal control and load shedding.
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NAICS 33451 - Building Lighting Control System Manufacturing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Major macroeconomic trends hindered downstream market growth through the end of 2024. Residential growth, being one of the few exceptions, sustained manufacturers in 2020 dur...
Learn about an industry's products and services, markets and trends in international trade.
COVID-19 stemmed increased demand for targeted residential products. While work-from-home measures crushed demand for larger systems meant for businesses and institutions.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Companies in the Great Lakes benefit greatly from proximity to several factors. Exporting manufacturers can trade to Canada with less friction than other locations, while com...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Signify bolstered its presence in the market during the period. This came mostly from their acquisition of player Cooper Lighting.
Learn about the performance of the top companies in the industry.
Acuity Brands expands its product offerings through numerous acquisitions during the period. Advancing Acuity Brands LED manufacturing capabilities as a result.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Increased tariffs, particularly on Chinese goods, have benefitted manufacturers. Still, import penetration is still the greatest threat to lighting system manufacturers.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Faltering downstream markets caused a decrease in profit during 2020. Growth in the residential market helped to offset this poor performance.
Including values and annual change:
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Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Building Lighting Control System Manufacturing in the US industry in United States is $2.4bn in 2024.
There are 145 businesses in the Building Lighting Control System Manufacturing in the US industry in United States, which has declined at a CAGR of 1.6 % between 2019 and 2024.
The market size of the Building Lighting Control System Manufacturing in the US industry in United States has been declining at a CAGR of 1.1 % between 2019 and 2024.
Over the next five years, the Building Lighting Control System Manufacturing in the US industry in United States is expected to grow.
The biggest companies operating in the Building Lighting Control System Manufacturing market in United States are Signify Holding B.V., Acuity Brands, Inc. and Hubbell Inc.
Manufacturing building lighting control systems and Marketing building lighting control systems are part of the Building Lighting Control System Manufacturing in the US industry.
The company holding the most market share in United States is Signify Holding B.V..
The level of competition is high and increasing in the Building Lighting Control System Manufacturing in the US industry in United States.