Global Lighting Control System Market
The global Lighting Control System Market was valued at USD 12.19 billion in 2016 and is projected to reach USD 51.41 billion by 2025, growing at a CAGR of 17.34% from 2017 to 2025.
A lighting control system is an intelligent network based lighting control solution that incorporates communication between various system inputs and outputs related to lighting control with the use of one or more central computing devices.
1. Market Drivers
1.1 Increasing demand of energy efficient lighting control and management
1.2 Growing demand for (IoT) in the Lighting Industry
1.3 Growing preference for Protocols for Lighting Control
1.4 Modernization and Infrastructure Development
2. Market Restraints
2.1 Perception of Higher Cost of Installations and Limited Awareness About Payback Periods
2.2 Security and Privacy Issues
1. Global Lighting Control System Market, by Offering:
1.1.1 LED Drivers & Ballasts
220.127.116.11 Manual On/Off Switch
18.104.22.168 Electronic Switch
22.214.171.124 Wired Dimmers
126.96.36.199 Wireless Dimmers
1.2.1 Local/Web-Based Software
1.2.2 Cloud-Based Software
1.3.1 Professional Services
1.3.2 Maintenance Service
188.8.131.52 Lifecycle Maintenance
184.108.40.206 System Optimization
220.127.116.11 Data Analytics
1.3.3 Managed Services
1.3.4 Other Services
18.104.22.168 Financing and Third-Party Ownership
22.214.171.124 Value-Added Services
2. Global Lighting Control System Market, by Installation Type:
2.1 New Installation
2.2 Retrofit Installation
3. Global Lighting Control System Market, by Communication:
3.1.2 Power Line Communication (PLC)
3.1.3 Power Over Ethernet (POE)
3.2.2 Bluetooth/Bluetooth Low Energy (BLE)
3.2.6 Hybrid (Wireless)
4. Global Lighting Control System Market, by Application:
4.2.1 Highways & Roadways Lighting
4.2.2 Architectural Lighting
4.2.3 Lighting for Public Places
5. Global Lighting Control System Market, by Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
The major players in the market are as follows:
1. General Electric Company
2. Philips Lighting N.V.
3. Eaton Corporation PLC
4. Legrand S.A.
5. Osram Licht AG
6. Acuity Brands, Inc.
7. Cree Inc.
8. Lutron Electronics Co. Inc.
9. Leviton Manufacturing Company, Inc.
10. Echelon Corporation
11. Lightwaverf PLC
12. Digital Lumens, Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Lighting Control System Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
To know more about the Research Methodology of Verified Market Intelligence and other aspects of the research study, kindly get in touch with our sales team
Verified Market Research has been providing Research Reports, with up to date information, and in-depth analysis, for several years now, to individuals and companies alike that are looking for accurate Research Data. It has large database which includes the latest content from renowned authors and publications worldwide. It also provides customized Data and Reports according to the need of the client.