Intelligent Lighting Controls Market Analysis, Size, Regional Outlook, Growth Strategies and Forecasts 2020- 2027

Analyzing the current situation of pandemic, Allied market research has published a report titled, “Intelligent Lighting Controls Market by Type (Sensors, Ballasts & LED Drivers, Microcontrollers, Dimmers & Switch Actuators, Transmitters & Receivers, and Others), Connectivity Type (Wired and Wireless),and Application (Smart Cities, Automotive, Manufacturing, Media & Entertainment, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027”.

Report covers in-depth analysis of key players, marketing strategies, supply-side and demand side indicators and company profiles of market leaders, potential players, and new entrants. Intelligent lighting control research report provides important market strategies and Latest trends with discussion of market consumption, major drivers, restraints and market share forecasted to 2027.

“The global intelligent lighting controls market was valued at $7.49 billion in 2019, and is projected to reach $26.06 billion by 2027, registering a CAGR of 17.4% from 2020 to 2027.”

The researchers have intelligently made analysis and forecasts of the future growth by taking the past performance and data into consideration. The analysis offered by the report will surely provide valuable insights to the stakeholders of the Intelligent lighting control industry.

The Report Provides Answers to the Following Key Questions

Which are the leading market players active in the Intelligent lighting control market?
What would be the detailed impact of COVID-19 on the Intelligent lighting control market size?
How current Intelligent lighting control market trends would influence the market in the next few years?
What are the driving factors, restraints, and opportunities in the Intelligent lighting control market?
What are the projections for the future that would help in taking further strategic steps?

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Top Key Players:

The key intelligent lighting controls industry leaders profiled in the report include Acuity Brands, Cisco, Cree, Inc., Eaton, GE Lighting, Honeywell, OSRAM, Panasonic Corporation, Philips, and Siemens.

Key segments:

By Type
Sensors
Ballasts & LED Drivers
Microcontrollers
Dimmers & Switch Actuators
Transmitters & Receivers
Others

By Connectivity Type
Wired
Wireless
BY APPLICATION
Smart Cities
Automotive
Manufacturing
Media & Entertainment
Others

The market is analyzed based on regions and competitive landscape in each region is mentioned.

North America (United States, Canada and Mexico),

Europe (Germany, France, UK, Russia and Italy),

Asia-Pacific (China, Japan, Korea, India and Southeast Asia),

South America (Brazil, Argentina, Colombia),

Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).

Based on type, the sensors segment accounted for nearly one-fifth of the total market share in 2019, and is expected to maintain its highest contribution in terms of revenue during the forecast period. Moreover, this segment is estimated to witness the highest CAGR of 20.4% from 2020 to 2027. The report also analyzes the segments including ballasts & LED drivers, dimmers & switch actuators, microcontrollers, transmitters & receivers, and others.

Based on connectivity type, the wired segment accounted for the highest market share with nearly three-fourths of the total share in 2019, and is expected to maintain its leadership status during the forecast period. However, the wireless segment is estimated to grow at the fastest CAGR of 18.9% from 2020 to 2027.

Based on application, the smart cities segment accounted for the largest share with more than one-fourth of the global intelligent lighting controls market share in 2019, and is estimated to maintain its dominant share by 2026. Moreover, this segment is expected to witness the fastest CAGR of 19.2% from 2020 to 2027. The report also analyzes segments including automotive, media & entertainment, manufacturing, and others.

Based on region, North America held the largest share in terms of revenue, accounting for more than one-third of the total market share in 2019, and is expected to maintain its dominance in terms of revenue during the forecast period. Moreover, Asia-Pacific is expected to register the highest CAGR of 20.5% from 2020 to 2027. The research also discusses regions including Europe and LAMEA.

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Impact of COVID-19:

1. Global Intelligent lighting control market has been significantly impacted by the COVID-19 outbreak. New projects throughout the world have stalled, which, in turn, have led to decline in demand for analog semiconductors.

2. Global factories have struggled to integrate new Intelligent lighting control market share as workers have stayed in their homes, which disrupted the global supply chains.

3. The impact of COVID-19 on Intelligent lighting control market analysis is temporary as just the production and supply chain is stalled. Once the situation improves, production, supply chains, and demand for the industry is gradually going to increase.

4. This COVID-19 lockdown would help companies think about more advanced market to enhance efficiency.

Key Benefits of the Report
1. This study presents the analytical depiction of the global Intelligent lighting control market forecast along with the current trends and future estimations to determine the imminent investment pockets.
2. The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Intelligent lighting control market.
3. The current market is quantitatively analyzed from 2020 to 2027 to highlight the global Intelligent lighting control market growth scenario.
4. Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
5. The report provides a detailed global Intelligent lighting control market analysis based on competitive intensity and how the competition will take shape in coming years.

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David Correa
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