Smart Lighting Control Systems Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024
Global Smart Lighting and Control Systems Market: Overview
Smart lighting and control systems are being widely employed in different segments since they provide outstanding energy efficiency in addition to the automated control. The requirement for these techs and systems are anticipated to soar in times when energy usage and its dangerous effect on the surrounding have turned out to be a heated contest. While the solutions of smart lighting permit optimization of energy, the control system allows consumers to manage the levels of luminance for lighting compliant with the intensity of daylight, atmosphere, infrastructure, and others factors such as physical presence as well as occupancy.
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Global Smart Lighting and Control Systems Market: Growth Factors
The global smart lighting and control systems market has been seeing an extraordinary increment in the last few years owing to the rising stress of lowering the usage of electricity. The requirement to make a sustainable atmosphere by lowering the emissions of greenhouse gas is also anticipated to spur the requirement for these controls and solutions in return powering the global smart lighting and control systems market. Due to these factors, smart lighting and control systems are being used in commercial, industrial, and residential sectors this boosting the global smart lighting and control systems market. In addition to this, the rising infiltration of IoT (Internet of Things) and its incorporation with handsets is also anticipated to bolster the growth of the global smart lighting solutions and control systems market. The market is also planned to get a noteworthy effect from the developing government proposals to lower usual resource usage, there offering momentum to the global smart lighting solutions and control systems market.
Global Smart Lighting and Control Systems Market: Segmentation
Based on the lighting source, the global smart lighting and control systems market includes fluorescent lamps, high intensity discharge lamps, LED (light emitting diodes), and compact fluorescent lamps. LED adds up for a noteworthy piece of pie in the overall smart lighting and control systems market due to the fact that it is employed all over different lighting applications. This can be credited to its functions such as high energy savings and low carbon emission.
On the basis of end use, the global smart lighting and control systems market comprises residential, commercial, industrial, and outdoor lighting. Smart lighting and control systems are expected to discovered huge application in residential and outdoor lighting and these sectors are expected to show a sturdy development rate over the coming period. The progressively increasing requirement for smart lighting in home automation and street lights is expected to help the expansion of these sectors as well as global smart lighting and control systems market.
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Global Smart Lighting and Control Systems Market: Regional Analysis
Geographically, the global smart lighting and control systems market is divided into Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa. Out of these regions, North America is anticipated to display supremacy in the overall smart lighting and control systems market. The region’s supremacy will be owing to increasing effort to control the dangerous affect of electricity consumption on the environment and the high acceptance of technology.
Global Smart Lighting and Control Systems Market: Competitive Players
Key companies working in the global smart lighting and control systems market are Koninklijke Philips N.V., General Electric Company, Lightwave PLC, Eaton Corporation, LiFI Labs, Inc., Elgato Systems, Honeywell International, Inc., Belkin International, Inc., Lutron Electronics Company, Inc., and Acuity Brands Lighting, Inc.,
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Global Smart Lighting and Control Systems Market: Regional Segment Analysis
- North America
- The U.S.
- The UK
- The Asia Pacific
- Latin America
- The Middle East and Africa
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