Malaysia LED Lighting Controllers Market Size By Connectivity (Wired, Wireless), By End-User (Residential, Commercial, Government), By Technology (Sensor, Dimmer) And Forecast

Malaysia LED Lighting Controllers Market Size And Forecast

Malaysia LED Lighting Controllers Market size was valued at USD 12.22 Million in 2022 and is projected to reach USD 50 Million by 2030, growing at a CAGR of 19.30% from 2022 to 2030.

Growing consumer awareness and strict government regulations to reduce energy consumption are driving the demand for energy-efficient connected lighting controls, which is driving the market growth. Additionally, smart lighting concepts increased lighting projects, and increased applications in the healthcare sector are propelling this growth. Furthermore, LED manufacturers are integrating solutions such as WIFI, occupancy sensors, and daylighting to attract consumers, resulting in increased growth. These factors contribute to market growth. The Malaysia LED Lighting Controllers Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Malaysia LED Lighting Controllers Market Definition

LED Lighting Controller is a Special chip processing control that is combined with the self-contained power supply which regulates the power required for an LED or an array of LEDs. As technology evolves, LED controllers are continuously updated to meet the needs of lighting, AV entertainment systems, and other functions of everyday life. The main application of LED controllers is to produce light at the right color by separately dimming arrays of LEDs with different colors by allowing remote programming control systems and giving them feedback on the lighting performance with centralized intelligent control systems. The controller could be wired or wireless, while they could be used by residential entities, commercial entities, government bodies, or street lighting.

Malaysia LED Lighting Controllers Market Overview

With the increased usage of smart devices, Malaysia LED Lighting Controllers Market applications are being found in IoT-connected devices, influencing the positive growth of the market. Connectivity and technological advancements have led to an increase in the adoption of intelligent lighting control systems worldwide. A number of government initiatives also support the concept of smart cities, which are gaining popularity in different regions. The general lighting application in a smart city requires automated lighting systems because a smart city is a network of connected systems. Sensor-based control systems are used to control these mechanical lighting systems.

Despite the fact that Smart lighting controls enable significant savings in the long run, the initial installation cost is high, resulting in a longer payback period. Depending on the type of solution, the return on investment for intelligent lighting controls can range from 2 to 3 years. Technological advances and falling prices of microcontroller units, sensors, and other lighting components will eventually reduce the payback time, resulting in greater adoption.

Besides the general functions of on/off switches, dimming and color-changing modes, the emergence of the Li-Fi network is the latest trend in the lighting market. It’s a type of wireless communication that uses light to send data between devices, and it’s based on quantum technology. Furthermore, the Malaysian government has started adopting intelligent street lighting which will boost the LED controller market.

Malaysia LED Lighting Controllers MarketSegmentation Analysis

The Malaysia LED Lighting Controllers Market is Segmented into Connectivity, End-User, and Technology.

Malaysia LED Lighting Controllers Market, By Connectivity

• Wired• Wireless

Based on Connectivity, the market is segmented into Wired and Wireless. If all the circuits in a home are centralized in one location, it is a wired lighting control system. A cleaner wiring setup is achieved with this method. A centralized system allows you to control your lighting circuits from one elegant keypad rather than a bank of five or six switches on the wall if you are working in an area with many lighting circuits. A wired system is also more reliable than a wireless system since all the lights and keypads are hard-wired, which eliminates the possibility of communication issues.

Malaysia LED Lighting Controllers Market, By End-User

• Residential• Commercial• Government• Street lights

Based on End-User, the market is segmented into Residential, Commercial, Government, and Street lights. The Internet of Things (IoT) and smart homes are two terms that are often used interchangeably. The need for smart and automated home solutions is constantly expanding as a result of the Internet of Things, which is predicted to provide the tremendous positive potential for the adoption of LED Lighting Controllers for residential applications. According to the UN Human Settlements Program, cities consume 78 percent of energy, and Philips projects that by 2050, 66 percent of the world’s population would live in cities owing to urbanization. This has resulted in smart cities, where smart cities rely on IoT and everything is interconnected. From streetlights to traffic signals and everything in between. Smart lighting can serve as the foundation of a smart city network.

Malaysia LED Lighting Controllers Market, By Technology

• Sensor• Dimmer• Daylight Harvesting• Time Scheduling

Based on Technology, the market is segmented into Sensor, Dimmer, Daylight Harvesting, and Time Scheduling. Dimming changes intensity with smooth transitions between light levels, resulting in a high level of flexibility that can satisfy user visual needs. The majority of LED luminaires feature dimmable controllers as a standard or standard option, reducing the cost of dimming. Dimming is particularly suited to visual needs applications and for enacting energy management strategies, such as daylight-responsive or task tuning control, in occupied spaces. Daylight harvesting, also known as daylight response, is an energy-saving lighting management approach in which interior electric lighting automatically adjusts to maintain a goal level. It works well in locations where there is a lot of natural light, such as illumination near windows or near skylights.

Key Players

The “Malaysia LED Lighting Controllers Market” study report will provide a valuable insight with an emphasis on the Malaysian market including some of the major players such as Philips Hue, TP-Link, Li-Fi Labs, Signify, IKEA, Tradfi.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.

Key Developments

• In April 2019, it acquired WiZ Connected—developer of the WiZ Wi-Fi-based connected lighting ecosystem. This acquisition will allow Signify to extend its leadership position in the Wi-Fi-based smart lighting market.

• Honeywell announced a new suite of energy management software, smart lighting, voice controls, and secure cloud communication solutions in June 2018. The hotel industry can fully integrate energy management, safety and security systems, property management, and brand network operations with these technologies for world-class guestroom and building automation.

• London began working on an innovative lighting strategy in February 2018 that would employ smart lighting to save energy and light pollution while also managing light levels and color at different times of the day.

• In March 2020, Signify, headquartered in Netherland, specializing in LED lighting systems and services acquired Cooper Lighting.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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