Energy Efficiency Trend Driving Wireless Smart Lighting Control Market

The reputed research report repository at MarketResearchReports.biz has announced the acquisition and availability of a fresh publication on the global market for wireless smart lighting controls, which has projected the demand to increment at a formidable compound annual growth rate during the forecast period of 2018 to 2028.

Some of the key factors primed to drive the demand in the global wireless smart lighting control market are: modernization and infrastructure development, acceptance of standard protocols for lighting controls, increasing adoption of the Internet of Things (IoT) in the lighting industry, and requirement of energy-efficient lighting control and management systems. On the other hand, perception of higher cost in terms of installation, security and privacy issues, decreasing power consumption of digital dimmers, and lack of standardized regulatory framework in the energy sector are some of the restraints curtailing the market’s prosperity. Growing consumer inclination towards making their contribution for energy conservation is expected to open new opportunities in the near future.

This business intelligence report, titled “Global Wireless Smart Lighting Control Market Professional Survey Report 2018,” is a study compiled solely with the purpose of arsenal its buyers with figurative reports of the demand prospects over the next seven years. The report targets audiences such as residential end users, commercial end users, component suppliers, product manufacturers, semiconductor component and device manufacturers, software and service providers, and original equipment manufacturers (OEMs). The report starts with a crisp executive summary wherein a brief yet comprehensive overview of the market has been presented, showcasing where the opportunities currently stand and where they are headed.

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Next in the report is a detailed reports chapter on market dynamics such as trends, drivers, restraints, challenges, and opportunities, which have been formulated carefully by the analyst of this report who is an expert in the field of electronics. Next is segmentations of the market, both in terms of products or application, and regionally and country-wise. Finishing up a thorough study, the analyst of the report has included a featured chapter on the competitive landscape of the global wireless smart lighting controls market, profiling some of the key companies who are currently pioneering the field.

Based on product type, the market for wireless smart lighting control has been segmented into EnOcean, Z-Wave, Bluetooth, Wi-Fi, and Zigbee, whereas application-wise, the market has been bifurcated into public, commercial, and residential. Geographically, the developed countries of the U.S., France, Germany, and the U.K., are expected to sustain North America and Europe as the regions with maximum profitability, although Asia Pacific is also foreseen to churn out substantial demand towards the end of the aforementioned forecast period.

Some of the notable companies currently ahead of the curve in the global wireless smart lighting control market are Philips, GE Lighting, TVILIGHT, Lutron Electronics Co., Inc., Legrand, Virtual Extension, Osram, Murata, Venture Lighting-LeafNut, DimOnOff, Schneider Electric, Cimcon, CONTROL4, Telematics, Echelon, Belkin International, Inc., Ankuoo Electronics Inc., and Evolve Controls.

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This release was published on openPR.