LUX Meter Market Size & Share - Industry Trend and Forecast 2018 - 2026

The report analyzes and presents an overview of "LUX Meter Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 - 2026" worldwide.

The main objective of this report is to define, describe, and forecast the global “LUX Meter” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.

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LUX Meter Market: Overview

LUX meter, often called light meter, is a device used to measure the overall intensity of light within an environment for any given area or distance from the source or lux is the amount of light in an environments perceived by the human eye. In other words, Lux meters are used for measuring brightness or more accurately, illuminance. Most lux meters are designed with an integrated photodetector. The photodetector is positioned perpendicular to the light source for optimal exposure. Photodetector are composed of selenium or silicon to determine brightness photovoltaically. Most of the lux meters uses a mounted, wired and wireless photodetector to measure light intensity. Readouts are presented to the user via analog instrument or digital LCD panels. Most lux meters are handheld devices and are easily transported to the job site. The rising demand of lux meter in the workplace due to safety concerns and rising usage of lux meters in indoor and outdoor sports activities are some of the primary factors driving the growth of the global LUX meter market during the forecast period. However, the availability of free or very low price luxmeter apps for smart devices is restraining the growth of the LUX meter market. At present, various environmental and health & safety regulatory bodies has imposed standards with an aim to meet the correct lighting levels, and this is expected to create ample opportunities for LUX meter manufacturers to come up with more advanced high-efficiency light measurement devices.

LUX Meter Market: Key Segments

The global LUX Meter market is segmented on the basis of product type, photodetector type, application, end-users and region. On the basis of product type, the market is segmented into analog and digital products. By Photodetector type, the market was segmented into mounted, wired and wireless photodetector type. Furthermore, the market is segmented on the basis on its applications into photography and video filming, health and safety regulations, photographic measurements, and others. Health and safety regulations is the most common application in LUX meter market. According to various regulatory bodies, every workplace has suitable & sufficient lighting that could be natural light or artificial ones. On the basis of end-use, the global LUX meter market is segmented into industrial, commercial office, hotel, hospital & laboratories, outdoor sports, school and others. Need for proper light in school and office spaces and enhancing the visibility and utility in outdoor spaces. Streets and parking lots is expected to boost the demand for the Lux meter during forecast period.

In the region wise study, the global LUX meter market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America which comprises the US and Canada captured significant market share followed by Europe and Asia Pacific in 2017. Asia Pacific showed the fastest growth rate during the forecast period due to the emerging economies. China represents huge potential for the LUX meter industry with the rising energy utility and industrial factories in the country.

LUX Meter Market: Key Players

The global LUX meter market is highly fragmented with number of companies operating in the segment. Leading players are currently focusing on providing cost competitive products to the customers and certain strategies such as agreements and acquisitions. Some of the key players engaged in LUX Meter market include various manufacturers such as Konica Minolta Sensing Americas, Inc., PCE Deutschland GmbH, FLIR Systems, ATP Instrumentation, International Light Technologies Inc., HIOKI E.E. Corporation, Panomex Inc., Reed Instruments, STEP Systems GmbH, Nordic Scientific & Natural Solutions AB, Yokogawa Test & Measurement Corporation, Acculab USA, Edmund Optics, Inc. and Others.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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