Global Lighting Control System Market industry insight to 2024 focusing on key players like: Echelon Corporation, NRG Controls Inc, Philips Lighting N.V.,Control Products Corp.
Price of Report: $4,200 (Single User Licence)
The new report "Global Lighting Control System Market" accounted to USD 12.1 billion in 2016 growing at a CAGR of 18.0% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Lighting control system is an intelligent network based electronic system with an ability to regulate or control the quality, level or pattern of lighting as per the user requirement. This system consists of different sensors, input and output devices, communication system and one or more central processing unit.
Market Segmentation: Global Lighting Control System Market
On the basis of components the Lighting Control System Market is segmented into Occupancy Sensors, Daylight Sensors, User Interfaces, Others. The Daylight sensors market is expected to grow in the forecasted period.
On the basis of communication protocol the Lighting Control System Market is segmented into weird wireless. The wireless market is expected to grow in the forecasted period.
The wired is further segmented into DALI, Power Line Communication (PLC), Power over Ethernet (POE), Hybrid (Wired), others. The hybrid market is expected to grow in the forecasted period.
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The wireless is further segmented into Zigbee, Bluetooth/Bluetooth Low Energy (BLE), Enocean, Wi-Fi, 6lowpan, Hybrid (Wireless), Others. The Zigbee market is expected to grow in the forecasted period.
On the basis of application the Lighting Control System Market is segmented into Industrial, Commercial, Residential, Others. The commercial market is expected to grow in the forecasted period.
Key Drivers: Global Lighting Control System Market
Lighting Control System Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of flow cytometry market for global, Europe, North America, Asia Pacific and South America.
Key Points: Global Lighting Control System Market
• Requirement of Energy-Efficient Lighting Control and Management Systems
• Increasing Adoption of Internet of Things (IoT) in the Lighting Industry
• Acceptance of Standard Protocols for Lighting Control
• Modernization and Infrastructure Development
• Perception of Higher Cost of Installations and Limited Awareness About Payback Periods
• Security and Privacy Issues in Iot-Based Lighting Systems May Impede the Growth
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