Sep 22, 2020: Global smart lighting and control systems market is estimated to expand at a substantial CAGR in the forecast period as the scope, product types, and its applications are increasing across the globe. Factors such as increasing effort to control the hazardous impact of electricity consumption on the environment, high acceptance of technology, expansion and modernization of infrastructure, technological advancement, the availability of cost-efficient LEDs, increasing penetration of internet of things (IoT) are likely to drive the smart lighting and control systems market in forthcoming period.
On
the other hand, privacy and security issues and lack of awareness regarding
smart lighting and control system are anticipated to hinder market growth in
the future. However, integration with phones is likely to create lucrative
opportunities for the market. Smart lighting and control systems market could
be explored by type, connectivity, end user and geography. Market by lighting
source could span High-Intensity Discharge Lamps (HIDs), Fluorescent Lamps, and
Light Emitting Diodes (LEDs).
Download sample Copy of This Report at: https://www.radiantinsights.com/research/global-smart-lighting-and-control-systems-market/request-sample
Smart
lighting and control systems market could be explored by connectivity as Wired
and Wireless. market based on the end user could span government sector,
residential, industrial and commercial. The “Residential” segment accounted for
a prominent share in the market. It is likely to witness substantial growth in
the years to come.
Smart
lighting and control systems market is categorized based on geography into
North America, Latin America, Japan, Middle East, and Africa, Western Europe,
Asia Pacific, and Eastern Europe. North America is a leading region in the
market. It is likely to maintain its dominance in the forecast period owing to
factors such as acceptance of the latest technology, high demand from key
end-user and rising awareness among the populace. North America is followed by
the European region.
Browse Full Report With TOC @ https://www.radiantinsights.com/research/global-smart-lighting-and-control-systems-market
Key
players operating in the smart lighting and control systems market include
General Electric Company, Koninklijke Philips N.V., Lightwave Plc, LiFI Labs,
Inc., Eaton Corporation, Elgato Systems, Belkin International, Inc., Honeywell
International, Inc., Acuity Brands Lighting, Inc., Lutron Electronics Company,
Inc., and among others. The leading companies are taking up partnerships,
mergers and acquisitions, and joint ventures in order to boost the inorganic
growth of the industry.
Geographically, this report is segmented into
several key Regions, with production, consumption, revenue (M USD), market
share and growth rate of Smart Lighting and Control Systems in these regions,
from 2012 to 2023 (forecast), covering
•
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, Columbia)
•
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
About Radiant Insights
Radiant
Insights is a platform for companies looking to meet their market research and
business intelligence requirements. We assist and facilitate organizations and
individuals procure market research reports, helping them in the decision
making process. We have a comprehensive collection of reports, covering over 40
key industries and a host of micro markets. In addition to over extensive
database of reports, our experienced research coordinators also offer a host of
ancillary services such as, research partnerships/ tie-ups and customized
research solutions.
For More Information, Visit Radiant
Insights
Contact:
Michelle Thoras
Corporate Sales Specialist, USA
Radiant Insights, Inc
Phone: 1-415-349-0054
Toll Free: 1-888-202-9519
Email: sales@radiantinsights.com
Blog URL: http://ictmarketforecasts.wordpress.com
No comments:
Post a Comment