Press release
Intelligent Lighting Controls Market Size, Share, Trend by Product Type, End-User, Application, Region - Global Forecast to 2032
Intelligent Lighting Controls Market [NEW REPORT 2023] offers a whole overview of the present-day market kingdom of affairs and affords a forecast until 2031. This report provides a balanced mix of qualitative and quantitative data that highlights imperative market developments, challenges, competition, employer analysis, and new probabilities and characteristics inner the Intelligent Lighting Controls Market . Ask for Sample ReportIntelligent lighting control system is an automated technology, which comprises multiple lighting fixtures connected in a network to control lighting. These solutions do not have a centralized controller, rather they are equipped with autonomous controls. Intelligent lighting control systems improve energy efficiency and performance. Intelligent lighting controls have been increasingly adopted owing to the rising need for reducing energy consumption. Moreover, increasing awareness of energy management and electricity demand management have fostered the growth of the global intelligent lighting controls market.
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In addition, government regulations and incentives on the use of energy-efficient products would also boost the growth of the market. However, installation cost and longer payback period of the LED lights have limited the growth of these systems. In future, the introduction of low price sensors and plummeting prices of LED products would minimize the cost of installation; thereby, creating numerous growth opportunities for intelligent lighting controls market.
The world intelligent lighting controls market is segmented based on component type, connectivity type, application and geography. On the basis of components, the market is segmented into sensors, ballasts & LED drivers, microcontrollers, dimmers & switches actuators, transmitters & receivers, and intelligent luminaries. Based on the connectivity types, world intelligent lighting controls systems are categorized into wired and wireless intelligent lighting controls. In the year 2014, wired intelligent lighting controls segment generated around 88.0% of the overall market revenue. However, wireless intelligent lighting controls segment would witness a significant adoption during the forecast period owing to better scalability, flexibility and retrofitting features. Based on applications, the market is segmented into commercial buildings, residential buildings, and public utilities. Commercial buildings segment contributed the maximum revenue share of around 58.0%, followed by public utilities and residential buildings segments.
The world intelligent lighting controls market is segmented on the basis of four geographical regions, which include North America, Europe, Asia-Pacific and LAMEA. Presently, Europe is the leading revenue-generating region in the world. However, Asia-Pacific is forecast to be the highest revenue-generating region from 2017 onwards, owing to increasing adoption of intelligent lighting control systems across various industrial sectors.
With regard to the COVID-19 Outbreak Impact Analysis:
In mild of COVID-19, the file examined market trends.
On the foundation of the upstream and downstream markets, the find out about examined COVID-19's consequences on the manufacturing industry's furnish chain.
We look at how COVID-19 has affected numerous areas and great nations.
It is mentioned how COVID-19 will have an effect on the industry's future growth.
Examined in the find out about are:
Market behavior, risk, and chance levels
An evaluation of end-industry conduct and opportunity
A predicted timeline for enterprise recovery.
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Each learn about is greater than a hundred pages lengthy and is jam-packed with graphs, tables, insightful text, and insurance of in-depth customized market reviews that supply indispensable market facts for the industry.
Micro and microanalysis, the operational environment, regional dynamics, and market addressability, Regulatory and felony frameworks, Analysis of profitability and costs, Market segmentation analysis, market's modern-day advertising techniques, choicest technique, hole analysis, aggressive environment, main market participants, Benchmarking, Future market probabilities and trends: situation modeling
KEY BENEFITS
The report provides an in-depth analysis of the intelligent lighting controls market, including information on the current market trends, changing market dynamics, expected trends and market intelligence
Porters five forces illustrate the potency of buyers and sellers operating in the market and develop effective strategies for market growth
Value chain analysis of the industry highlights the key intermediaries and their roles and value addition involved at every stage in the value chain
Insights on the latent opportunities present in the market would help stakeholders to implement appropriate strategic business plans
The key players operating in the market have been profiled in the report to gain an understanding of the strategies adopted by them
KEY PLAYERS
Schneider Electric SE
Honeywell International, Inc.
General Electric Company
Koninklijke Philips N.V.
OSRAM Licht AG
Acuity Brands Lighting, Inc.
Legrand Group
Zumtobel Group AG
Digital Lumens, Inc.
Lutron Electronics Co, Inc.
INTELLIGENT LIGHTING CONTROLS MARKET KEY SEGMENTS
The market is segmented on the basis of component type, connectivity type, end user and geography.
Market by Component Type
Sensors
Ballasts & LED drivers
Microcontrollers
Dimmers & switches actuators
Transmitters & receivers
Intelligent luminaries
Market by Connectivity Type
Wired
Wireless
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Market by End User
Commercial buildings
Residential buildings
Public utilities
Market by Geography
North America
Europe
Asia-Pacific
LAMEA
Table of Content:
Report Overview
Global Growth Trends
Competition Landscape by Key Players
Data Segments
North America Market Analysis
Europe Market Analysis
Asia-Pacific Market Analysis
Latin America Market Analysis
Middle East & Africa Market Analysis
Key Players Profiles Market Analysis
Analysts Viewpoints/Conclusions
Appendix
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