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Intelligent Lighting Controls Market - 2026: Global Opportunity Analysis and Industry Forecast

02-19-2020 07:56 AM CET | IT, New Media & Software

Press release from: Allied Market Research

Intelligent Lighting Controls

Intelligent Lighting Controls

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.

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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.

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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.

Related Reports:
Smart Devices Market:
https://www.alliedmarketresearch.com/smart-devices-market

Home Energy Management Market:
https://www.alliedmarketresearch.com/home-energy-management-market

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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