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Global Lighting Control System Market Growing CAGR +18.0% Industrial Research 2024: LG Electronics, Harman International, Vantage Control, Honeywell International, Hubbell Incorporated
Global Lighting Control System Market – Industry Trends and Forecast to 2024
Global Lighting Control System Market Report provides Emerging Market trends, Manufacturer Share, Market Segmentation, regional outlook and comprehensive analysis on different market segments.
Click Here to Get Free Sample Copy of Report Visit @ http://databridgemarketresearch.com/request-a-sample/?dbmr=global-lighting-control-system-market
Trending Study/information "Global Lighting Control System Market" accounted to USD 12.1 billion in 2016 growing at a CAGR of 18.0% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Lighting control system is an intelligent network based electronic system with an ability to regulate or control the quality, level or pattern of lighting as per the user requirement. This system consists of different sensors, input and output devices, communication system and one or more central processing unit.
The trends for the lighting control system are government initiative to reduce the consumption of fossil fuel and requirement of energy efficient lightning control and management system. Furthermore, development and modernization of infrastructure, enrolment of IOT will drive the lighting control system. IOT will provide user with the monitoring facility for the control of lighting of house remotely, which will further help in the growth of the lighting control system.
Key Points of Global Lighting Control System Market
• Requirement of Energy-Efficient Lighting Control and Management Systems
• Increasing Adoption of Internet of Things (IoT) in the Lighting Industry
• Acceptance of Standard Protocols for Lighting Control
• Modernization and Infrastructure Development
• Perception of Higher Cost of Installations and Limited Awareness About Payback Periods
• Security and Privacy Issues in Iot-Based Lighting Systems May Impede the Growth
To Understand Complete Table Of Content, Tables And Figures @ https://databridgemarketresearch.com/toc/?dbmr=global-lighting-control-system-market
Market Overview of Global Lighting Control System Market
• On the basis of components the Lighting Control System Market is segmented into Occupancy Sensors, Daylight Sensors, User Interfaces, Others. The Daylight sensors market is expected to grow in the forecasted period.
• On the basis of communication protocol the Lighting Control System Market is segmented into weird wireless. The wireless market is expected to grow in the forecasted period.
• The wired is further segmented into DALI, Power Line Communication (PLC), Power over Ethernet (POE), Hybrid (Wired), others. The hybrid market is expected to grow in the forecasted period.
• The wireless is further segmented into Zigbee, Bluetooth/Bluetooth Low Energy (BLE), Enocean, Wi-Fi, 6lowpan, Hybrid (Wireless), Others. The Zigbee market is expected to grow in the forecasted period.
• On the basis of application the Lighting Control System Market is segmented into Industrial, Commercial, Residential, Others. The commercial market is expected to grow in the forecasted period.
Some of The Top Key Players Operating In Lighting Control System Market Are:
General Electric Company, Philips Lighting N.V., Eaton Corporation Plc, Legrand S.A., Osram Licht Ag, Acuity Brands, Inc., Cree Inc., Lutron Electronics Co. Inc., Leviton Manufacturing Company, Inc., Echelon Corporation, Lightwaverf Plc, Digital Lumens, Inc., Start-Ups Ecosystem, Isotera, Ketra, Lifx, Switchmate Inc., Legrand, Osram, LG Electronics, Harman International, Vantage Control, Honeywell International, Hubbell Incorporated among others. In 2017, Philips Lighting N.V acquired Li-Fi company, specializing in visible light communications (VLC) in a move believed to be aimed at boosting Philips’ capabilities in Li-Fi, the light-based technology expected to provide Wi-Fi-like two-way Internet communications.
Reasons to Purchase this Report
• Current and future of global Lighting Control System Market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
• Regions/countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players
Read more about the Global Lighting Control System Market Visit@ http://databridgemarketresearch.com/reports/global-lighting-control-system-market/
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