Global Intelligent Lighting Control System Market – Industry Analysis and Forecast (2018-2026)
Global Intelligent Lighting Control System Market is expected to reach US$ 14.32 Bn by 2026, at a CAGR of 16.2% during a forecast period.
The global intelligent lighting control system market is segmented into component type, connectivity, and region. In terms of component type, the global intelligent lighting control system market is classified into sensors, ballasts and led drivers, micro-controllers, dimmers, and switches actuators, transmitters and receivers and intelligent luminaries. Based on connectivity, the global intelligent lighting control system market is categorized into wired and wireless. Region wise into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
The advantages provided by Intelligent lighting control system over the traditional switch operated lighting systems, it is more economical and energy efficient, it provides better experience to the users as compared to the traditional lighting system, other drivers include strong demand from the residential sectors, declining price of light emitting diode source of light gives increase to the adoption of intelligent lighting control system, also the government favorable policies to use LED lighting instead of other luminaries are driving the growth of global intelligent lighting control market. However, there are some factors which are responsible to hamper the growth of global intelligent lighting control market, one of them is the lack of knowledge regarding the installation cost of the whole intelligent lighting control system and a payback period of the same. The high initial cost of lighting control systems is a major barrier to their adoption. Thus, a reduction in prices will have a lasting impact on the market.
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On the basis of connectivity, wired lighting was the highest revenue-generating segment in 2017 and is anticipated to maintain this trend during the forecast period. Wireless connectivity is forecast to register important growth during the forecast period, owing to several features such as developed flexibility, better availability, and ease-of-use.
In terms of component, Ballasts & LED drives segment is forecast to garner the highest revenue though out the analysis period. Intelligent luminaries segment would rise rapidly, registering a prominent CAGR during the forecast period owing to ongoing research and low priced product launches for integrated luminaries.
North America is the highest contributor in term of revenue in global intelligent lighting control market, and it is projected that the Asia Pacific is the fastest developing market for intelligent lighting control system provider across the globe during the forecast period.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global intelligent lighting control system market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders to prioritizing the efforts and investment shortly to the emerging segment in the global intelligent lighting control system market .
Some of the key players in the global intelligent lighting control system market are Honeywell International Inc., Philips Lighting, General Electric Company, Schneider Electric, Osram Gmbh, and Others.
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Scope of the Global Intelligent Lighting Control System Market
Global Intelligent Lighting Control System Market by Component Type
• Sensors
• Ballasts and LED Drivers
• Microcontrollers
• Dimmers and Switches Actuators
• Transmitters and Receivers
• Intelligent Luminaries
Global Intelligent Lighting Control System Market by Connectivity
• Wired
• Wireless
Global Intelligent Lighting Control System Market by Geography
• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• Latin America
Key Players operating in the Global Intelligent Lighting Control System Market
• Acuity Brands, Inc.
• Control4 Corporation
• Cree, Inc.
• EATON CORPORATION plc
• Enlighted Inc.
• General Electric Company
• Honeywell International Inc.
• Hubbell Incorporated
• LSI Industries, Inc.
• Legrand
• Leviton Manufacturing Co., Inc.
• Lutron Electronics Co., Inc.
• OSRAM GmbH
• Philips Lighting
• Schneider Electric
Browse Full Report with Facts and Figures of Intelligent Lighting Control System Market Report at: https://www.maximizemarketresearch.com/market-report/global-intelligent-lighting-control-system-market/21416/
MAJOR TOC OF THE REPORT
Chapter One: Intelligent Lighting Control System Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Intelligent Lighting Control System Market Competition, by Players
Chapter Four: Global Intelligent Lighting Control System Market Size by Regions
Chapter Five: North America Intelligent Lighting Control System Revenue by Countries
Chapter Six: Europe Intelligent Lighting Control System Revenue by Countries
Chapter Seven: Asia-Pacific Intelligent Lighting Control System Revenue by Countries
Chapter Eight: South America Intelligent Lighting Control System Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Intelligent Lighting Control System by Countries
Chapter Ten: Global Intelligent Lighting Control System Market Segment by Type
Chapter Eleven: Global Intelligent Lighting Control System Market Segment by Application
Chapter Twelve: Global Intelligent Lighting Control System Market Size Forecast (2019-2026)
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