Pune, India — (PRESS RELEASE JET) — 10/27/2017 — Lighting Control Systems Market Players
The Market of Lighting Control Systems appears to be highly competitive owing to the presence of numerous well-established players having international and global presence. Innovation, mergers & acquisitions, and brand reinforcement remain the key trends for the leading players. These key players compete based upon pricing, reputation and services. Vendors strive to develop the Systems that deliver a suite of application offerings to help address the information system needs of airports. Using time-tested methodologies and best practices, key players try to bring together disparate point systems from multiple providers into a security-rich, integrated environment that addresses resource planning, passenger experience and asset management.
The well-established key players strive to offer from simple wall-mounted dimmers to comprehensive lighting management software systems, basically a right control solution for all lighting needs. Whether the lighting system includes incandescent, fluorescent, or LED lamps and luminaires, Lighting Control Systems allow us to enhance comfort, support tasks, ensure the safe navigation of spaces, and save energy. Combining digital show controllers with colour-changing and tuneable white light LED luminaires allows us to transform environments with dynamic, full-colour light shows. Sophisticated lighting management software offers centralized, remote light point management, supporting connected lighting systems that provide the best illumination experiences, maximize energy efficiency and resiliency, and offer extraordinary value beyond illumination.
Philips Lighting N.V. (Netherlands), General Electric Company (GE) (US), Legrand S.A. (France), Eaton Corporation (Ireland), Acuity Brands Inc. (US), OSRAM Licht AG (Germany) and Cree, Inc. (US), Lutron Electronics Co. Inc. (US); and Leviton Manufacturing Company, Inc. (US) are at the forefront of competition in the Global Lighting Control Systems Market and are profiled in MRFR Analysis.
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Lighting Control Systems Market Overview
The Global Lighting Control Systems Market is growing with the rapid pace; mainly due to the increased Air Travel. According to a recent study report published by the Market Research Future, The global Lighting Control Systems Market is booming and expected to gain prominence over the forecast period. The Market is forecasted to demonstrate a huge growth by 2023, surpassing its previous growth records in terms of value with a whooping CAGR during the anticipated period (2017 – 2023). The global Lighting Control Systems market is expected to reach the valuation of USD 39 Billion by registering a whooping double digit CAGR of 18% by 2023.
The factors contributing to the growth of the lighting control system market are the increasing demand for energy efficient products, technological innovations, increasing adoption of internet of things, modernization and infrastructural development. Furthermore, increasing awareness among consumers and increasing electricity prices are expected to boost the market over the forecast period. However, wireless connections can be unreliable at times and ongoing maintenance are the factors hampering the overall growth of the market.
The high implementation various smart lighting and energy efficiency are the factors which are expected to enhance the growth of the Lighting Control System Market. However, cyber security issues is hampering the growth of the overall market. The hardware component segment accounted for the largest market share.
Factors such as energy efficiency, convenience, increasing awareness among consumers, increasing adoption of smart technologies and government regulations are boosting the growth of the lighting control system market. Furthermore, the usage of wireless technologies such as Wi-Fi, ZigBee, and Bluetooth among others are enhancing the growth of the overall market.
The main purpose of lighting control system is to eliminate energy waste while providing a good protective environment. Also, wireless lighting control system is a form of lighting control consisting with dimmers and switches. The system is easy to install, affordable and reduced usage of wires. The wireless lighting control system also helps to incorporate it in a centralized system. Furthermore, the wireless control system is less expensive and requires less installation.
A lighting control system is a system by smart network of lighting controls allows you to control lights in space. The different types of lighting control systems are available on the basis of desire and needs. Also, lighting control system can be explained as the ability to regulate the level and quantity of light in a particular space. The control of light enhances the experience and also saves energy.
Lighting Control Systems Market – Segments
For the Better understanding of this report the Global Lighting Control Systems Market has been segmented in to 4 key dynamics.
Segmentation By Component : Comprises Hardware (Switches, Sensors, Dimmers, LED Drivers and other), Software (Cloud based, Web based), Services (Professional Services, Maintenance Services, Managed Services and other.
Segmentation by Technology: Comprises Bluetooth, Wi-Fi, PLC, POE, ZigBee and other
Segmentation by Application: Comprises Industrial, Roadways, Railways, Residential, Commercial, Highways and other
Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
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Lighting Control Systems Market – Regional Analysis
Regionally, Asia-Pacific accounted for the largest market share majorly due to better infrastructure building activities in countries such as India and China, modernization of infrastructure and increasing demand for digitization. However, North-America is also expected to grow at a fast rate majorly due to high adoption of new technological innovations, increasing demand for smart homes and increasing demand for energy efficient products.
Geographically, Asia-Pacific accounted for the largest market share in the global lighting control system market, whereas North-America is expected to grow at a fast pace over the forecast period, 2017-2023.
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