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Easy Installation and Control Drives Global Smart Light Fixture and Control Market

04-30-2018 12:07 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Variant Market Research

Variant Market Research

Variant Market Research

According to the latest report published by Variant Market Research, the global smart light fixture and control market size is projected to reach $126.6 billion by 2024, from $31.7 billion in 2016. In this report, smart light fixture and control market forecast says that the global market is growing at 18.9% CAGR from 2016 to 2024.

Click Here to Request a Free Sample PDF of This Report @ https://www.variantmarketresearch.com/report-categories/consumer-electronics/smart-light-fixture-and-control-market/sample-request

Low price of sensors to fuel the global market
The global smart light fixture and control market trend comprises easy installation and control, high demand in commercial & residential spaces, as well as low price of sensors. However, Huge installation cost might limit the smart light fixture and control market growth. Additionally, increase in government initiatives about low energy consumption across the globe would offer an opportunity for players of market.
Market Segmentations
The global smart light fixture and control market has been divided into lighting type, technology, application, and geography. Lighting type contains LED, HID lamps, CFL, plasma lamps, and fluorescent lights. Fixture, and control are included in the technology sub segment. Application segment is further sub segmented into residential, commercial, and other applications. North America (U.S., Mexico, and Canada), Europe (France, Italy, Germany, UK, and Rest of Europe), Asia-Pacific (Japan, China, India, South Korea, and Rest of Asia-Pacific) and RoW (Middle East, South America, and Africa) are the key geographical regions included in this market.
Get Table of Content (TOC) @ https://www.variantmarketresearch.com/report-categories/consumer-electronics/smart-light-fixture-and-control-market/toc
LED, by lighting type, dominated the global market in 2016
In 2016, LED in the lighting type dominated the global market with maximum market share and expected to continue its dominance over the forecast period, 2016– 2024. The growth of this segment is driven by its numerous properties such as energy efficient, environment friendly, long lifetime, as well as controllable.
Fixture of technology segment, accounted for the largest share of the global market in 2016
In the technology segment, fixture held the major market share in 2016, and likely to be predominant during the forecast period 2016– 2024. Their widespread usage in commercial and residential areas is the driving factor for the growth of this segment.
Commercial, by application held maximum share in the global market in 2016
Commercial accounted major market share in 2016 and anticipated to likely to continue the trend over the forecast period, 2016 – 2024, owing to extensive usage of lights in offices due to 24/7 working shifts & usefulness of lighting control systems which uses factors like occupancy, available daylight, and lights turning on or off according to time
Asia-Pacific dominated the global market in 2016
Asia-Pacific held major market share in 2016 and anticipated to be the leading region over the forecast period, 2016– 2024, due to the rapidly occurring infrastructural expansion in the region.
To browse the complete report, visit at https://www.variantmarketresearch.com/report-categories/consumer-electronics/smart-light-fixture-and-control-market
Competitive Landscape
Key players are offering innovative products and services to increase their smart light fixture and control market share. Major players of the market are OSRAM Licht AG, Cooper Industries, Inc., Acuity Brands Lighting, Inc., General Electric Company, Honeywell International, Philips Lighting, Digital Lumens, Inc., StreetLight Vision, Schneider Electric SE, and Legrand S.A., among others.

About Variant Market Research
Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.
For further information, visithttps://www.variantmarketresearch.com
You can connect with us on LinkedIn here @https://www.linkedin.com/company/variant-market-research

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Variant Market Research
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Email: john.dave@variantmarketresearch.com
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