The lighting controllers market is likely to grow at over 17% CAGR during the assessment period.
Albany, NY -- (SBWIRE) -- 05/21/2018 -- A new research study titled "Global Market Study on Lighting Controllers: Sensor to Remain Dominant Technology During the Forecast Period 2017 – 2025" has been added to the comprehensive repository of Market Research Reports Search Engine (MRRSE). According to the report, the lighting controllers market is likely to grow at over 17% CAGR during the assessment period.
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The global demand for lighting controllers continues to be influenced by government push for smart cities. Smart cities are equipped with a number of lighting controllers, enabling better management and monitoring of traffic. As governments around the world are focusing on building smart cities of the future, lighting controllers can be a feasible component that can help in realizing overall goals.
The report begins with an overview, which offers readers important information about market dynamics and taxonomy. The key contracts, value chain, regional trends, and intensity map have also been discussed in this section. These factors give readers an introduction on the various factors that are important from the perspective of the report.
To give readers better understanding on the overall lighting controllers market, the report offers segment-wise analysis and insights. The report has segmented the market on the basis of technology, application, and region. On the basis of technology, sensors segment is likely to account for the highest revenues. Demand for lighting controllers is highest in the commercial segment, whereas Asia Pacific is likely to be the leading market in terms of revenues. According to the report, the global lighting controllers market is likely to surpass US$ 6 Bn by the end of the forecast period, growing at over 18% CAGR.
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The information presented in the report has been compiled from reliable and specialized sources. The research methodology employed to generated data and projections is robust and has been designed to get the most accurate insights on the market. The primary and secondary information gathering procedures are result-oriented and unbiased.
The research report also offers a detailed competitive analysis and tracking to offer readers in-depth analysis and insights. The product and business strategies of some of the leading players in the market have been discussed for the perusal of the readers. Some of the key companies in the market include Hubbell, GE Lighting, LLC, OSRAM Licht AG, Schneider Electric S.E., Acuity Brands Lighting, Inc., Philips Lighting Holding B.V., Eaton Corporation, Honeywell International, Lutron Electronics and CREE, INC.
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