Lighting Management System Market - Growth and Recent Trends by Forecast to 2023
Overview
Innovative product designs in the past few years have set the tone for unparalleled market growth in the near future. Market Research Future which concentrates on market reports associated to the semiconductors & electronics sector amongst others recently published a report on this sector. The sector is expected to develop at an incremental pace of CAGR rate while achieving a high revenue share in the forecast period.
Lightning control systems have gained immense popularity in the recent years due to the increased acceptance of smart home concepts. Incidence of varied needs in the sector has led to significant improvement in the product category. Rising interest over the concept of smart cities have further bolstered the growth of the market. Nowadays, concepts of energy efficiency have also increased the demand for the lighting control systems.
Industry Segments
The market for lighting control system has been categorized into application, component, region, hardware, technology, services and software.
By Application: Commercial, Highways, Residential, Railways, Industrial, Roadways and Others
By Component: Software, Hardware and Services
By Region: Europe, North-America, RoW and Asia-Pacific
By Hardware: Sensors, Switches, LED Drivers, Dimmers and Others
By Technology: ZigBee, PLC, Bluetooth, Wi-Fi, POE, and Others
By Services: Managed Services, Maintenance Services, Professional Services and Others
By Software: Web based and Cloud based
Competitive Analysis:
Key players in Lighting Management System Market include Philips Lighting NV, Legrand SA, Acuity Brands Inc., Cree Inc., Leviton Manufacturing Company Inc., Lutron Electronics Co. Inc., OSRAM Licht AG, Eaton Corporation, and General Electric.
Regional Analysis:
Lighting Management System Market is segmented into North America, Europe, Asia Pacific, and rest of the world.
Asia Pacific is likely to remain the dominant contributor to the global lighting control system market over the forecast period due to the growing infrastructure activities in rapidly emerging economies such as China and India. These infrastructure initiatives are often performed with the latest technology to save on upgrade costs in the future, leading to growing use of lighting control systems in the region. The growing residential sector in the region could also provide significant sales revenue for the lighting control system market, although the residential sector in Asia Pacific still lags behind the residential sector in developed regions such as North America and Europe.
North America is also likely to remain a major regional segment of the global lighting control systems market over the forecast period due to the increasing demand for energy-efficient products and the increasing adoption of smart homes. The increasing adoption of IoT technology in North America has also made it easier for consumers to install and operate advanced lighting control systems.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.
Contact:
+1 646 845 9312
Email: sales@marketresearchfuture.com
Blog: http://mrfrblog.com/
Innovative product designs in the past few years have set the tone for unparalleled market growth in the near future. Market Research Future which concentrates on market reports associated to the semiconductors & electronics sector amongst others recently published a report on this sector. The sector is expected to develop at an incremental pace of CAGR rate while achieving a high revenue share in the forecast period.
Lightning control systems have gained immense popularity in the recent years due to the increased acceptance of smart home concepts. Incidence of varied needs in the sector has led to significant improvement in the product category. Rising interest over the concept of smart cities have further bolstered the growth of the market. Nowadays, concepts of energy efficiency have also increased the demand for the lighting control systems.
Industry Segments
The market for lighting control system has been categorized into application, component, region, hardware, technology, services and software.
By Application: Commercial, Highways, Residential, Railways, Industrial, Roadways and Others
By Component: Software, Hardware and Services
By Region: Europe, North-America, RoW and Asia-Pacific
By Hardware: Sensors, Switches, LED Drivers, Dimmers and Others
By Technology: ZigBee, PLC, Bluetooth, Wi-Fi, POE, and Others
By Services: Managed Services, Maintenance Services, Professional Services and Others
By Software: Web based and Cloud based
Competitive Analysis:
Key players in Lighting Management System Market include Philips Lighting NV, Legrand SA, Acuity Brands Inc., Cree Inc., Leviton Manufacturing Company Inc., Lutron Electronics Co. Inc., OSRAM Licht AG, Eaton Corporation, and General Electric.
Regional Analysis:
Lighting Management System Market is segmented into North America, Europe, Asia Pacific, and rest of the world.
Asia Pacific is likely to remain the dominant contributor to the global lighting control system market over the forecast period due to the growing infrastructure activities in rapidly emerging economies such as China and India. These infrastructure initiatives are often performed with the latest technology to save on upgrade costs in the future, leading to growing use of lighting control systems in the region. The growing residential sector in the region could also provide significant sales revenue for the lighting control system market, although the residential sector in Asia Pacific still lags behind the residential sector in developed regions such as North America and Europe.
North America is also likely to remain a major regional segment of the global lighting control systems market over the forecast period due to the increasing demand for energy-efficient products and the increasing adoption of smart homes. The increasing adoption of IoT technology in North America has also made it easier for consumers to install and operate advanced lighting control systems.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.
Contact:
+1 646 845 9312
Email: sales@marketresearchfuture.com
Blog: http://mrfrblog.com/
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