Intelligent Lighting Controls Market is Estimated to Garner $8.3 Billion By 2020 | Key Players Electric SE, Honeywell, General Electric, Koninklijke Philips N.V., OSRAM Licht AG, Acuity Brands Lighting

Intelligent Lighting Controls Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $8.3 billion by 2020, registering a CAGR of 16.2% during the period 2015 - 2020. Europe was the highest revenue-generating region in 2014 owing to the stringent government mandates and rising electricity costs in the region. However, Asia-Pacific region would witness an increased adoption of intelligent lighting control devices in future owing to the boom in commercial establishments such as retail, industries and hospitals. The region will surpass Europe in 2017, to emerge as the leading market.

Download Request Sample Copy of Report: https://www.alliedmarketresearch.com/request-sample/765?utm_source=OpenPR

The intelligent lighting controls comprise different components that include sensors, ballasts & LED drivers, dimmers & switch actuators, microcontrollers, transmitters & receivers and intelligent luminaries. Ballasts & LED drives segment is forecast to garner the highest revenue though out the analysis period. Intelligent luminaries segment would grow rapidly, registering a prominent CAGR during the forecast period owing to ongoing research and low priced product launches for integrated luminaries.

The end users of intelligent lighting controls include commercial buildings, residential buildings and public utilities. Commercial buildings constitute around 58% share of the overall market revenue. Commercial buildings segment comprises of retail, hospitality, industrial and others. The adoption of intelligent lighting controls systems is high in these sectors owing to high electricity consumption and greater focus on energy management.
Based on the connectivity type, the intelligent lighting controls market is segmented into wired and wireless type lighting controls. Wired type lighting was the highest revenue-generating segment in 2014 and is expected to maintain this trend during the forecast period (2015-2020). Wireless connectivity type is forecast to register significant growth during the forecast period, owing to various features such as improved flexibility, better scalability, and ease-of-use. The advent of new wireless & wired technologies, such as ZigBee and BACnet, would foster the growth of the market.

In 2014, European region was the leading revenue contributor in the global intelligent lighting controls market, followed by Asia-Pacific and North America, owing to stringent government regulations on energy management. The Asia-Pacific region would emerge as the largest market from 2017 onwards, owing to rising electricity costs and increasing awareness of energy and electricity demand management.

Request Customization Report: https://www.alliedmarketresearch.com/request-for-customization/765?utm_source=OpenPR

Key Findings of Intelligent Lighting Controls Market:
•The growth ofintelligent lighting controls market would be supplemented by the increasing demand from the retail, industries and public sectors
•Commercial buildings are the highest revenue-generating segment of the globalintelligent lighting controls market
•Wireless intelligent lighting controls systems are expected to witness increased adoption during the forecast period owing to introduction of new technologies such as ZigBee and EnOcean
•Asia Pacific region would provide lucrative opportunities for the companies operating in the intelligent lighting controls market owing to increasing demand from retail and industrial sectors for energy management

The report highlights the competitive environment of the globalintelligent lighting controls market and provides a comprehensive analysis of the major organic and inorganic strategies adopted by key market players. Several companies have adopted product launches and expansions as their key strategies to improve their market foothold and expand their product portfolio. The key companies profiled in the report include Schneider Electric SE, Honeywell International, Inc., General Electric Company, Koninklijke Philips N.V., OSRAM Licht AG, Acuity Brands Lighting, Inc., Legrand Group, Digital Lumens, Inc., Zumtobel Group AG and Lutron Electronics Co, Inc.

Access Full Report Summary: https://www.alliedmarketresearch.com/intelligent-lighting-controls-market?utm_source=OpenPR

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1⟨855⟩550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

This release was published on openPR.