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Market Research Report
Growth Opportunities for the Global Lighting Control Market |
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Published by | Lucintel | Product code | 594914 | ||||
Published | Content info | 170 Pages, 93 figures / charts and 93 tables Delivery time: 1-2 business days |
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Growth Opportunities for the Global Lighting Control Market | ||
Published: December 20, 2017 | Content info: 170 Pages, 93 figures / charts and 93 tables |
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Title:
Growth Opportunities for the Global Lighting Control Market
Trends, opportunities and forecast in this market to 2023 by application (indoor and outdoor), installation type (new installation and retrofit installation), connection type (wired and wireless), product (LED driver, sensors, switches & dimmers, relay units and gateways) and region (North America, Europe, Asia Pacific, and the Rest of the World).
The future of the lighting control market looks attractive with opportunities in the residential, commercial, and industrial sectors. The global lighting control market is expected to reach an estimated $21.1 billion by 2023 with a CAGR of 12% from 2018 to 2023. The major growth drivers for this market are growth in development of smart cities, increasing adoption of Internet of Things (IoT) in the lighting industry, rising utility costs, and favorable government regulations for energy efficiency.
Emerging trends, which have a direct impact on the dynamics of the lighting control industry, include increasing demand for daylight sensors, growth in camera-based lighting control technology, and development of hybrid lighting control systems.
A total of 93 figures / charts and 93 tables are provided in this 170 -page report to help in your business decisions. Sample figures with some insights are shown below.
SAMPLE FIGURES
The study includes the lighting control market size and forecast for the global lighting control market through 2023 by application, installation type, connection type, product and region as follows:
Lighting control companies profiled in this market include General Electric, Cree Inc., Osram, Philips, and Lutron.
In this market, LED drivers, sensors, switches & dimmers, relay units, and gateways are used for lighting control in residential, commercial, industrial, and various outdoor lighting applications. LED drivers will remain the largest product type and are expected to witness the highest growth over the forecast period due to increasing penetration of LED lighting, increasing utility and maintenance cost, and increasing demand for connected lighting.
Within the lighting control market, the indoor lighting application will remain the largest market; it is also expected to witness highest growth rate due to the increasing penetration of smart lighting system and increasing customer awareness for energy efficiency.
Asia Pacific is expected to remain the largest region and will experience the highest growth over the forecast period due to the increasing lighting demand in China and India.
Some of the features of “Growth Opportunities for the Global Lighting Control Market 2018-2023: Trends, Forecast, and Opportunity Analysis” include: