Lighting Control System Market by Installation Type (New Installation and Retrofit), Offering (Hardware, Software, and Lighting as a Service), Application (Indoor and Outdoor), Communication Protocol, and Geography - Global Forecast to 2023

Seattle, WA -- (SBWire) -- 08/14/2017 --The report "Lighting Control System Market by Installation Type (New Installation and Retrofit), Offering (Hardware, Software, and Lighting as a Service), Application (Indoor and Outdoor), Communication Protocol, and Geography - Global Forecast to 2023", The lighting control system market is expected to grow from USD 12.22 Billion in 2016 to USD 38.67 Billion by 2023, at a CAGR of 17.82% between 2017 and 2023.

Browse 61 Market Data Tables and 61 Figures spread through 194 Pages and in-depth TOC on "Lighting Control System Market - Global Forecast to 2023"

Download PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=66050609

Early buyers will receive 10% customization on reports.

The factors such as high requirement of energy-efficient lighting control and management systems, increasing adoption of Internet of Things (IoT) in lighting industry, acceptance of standard protocols for lighting control, and modernization and infrastructure development are driving the growth of the lighting control and management system market.

Hardware components to hold a major share of the lighting control system market between 2017 and 2023

The hardware components segment is expected to hold a major share of the lighting control system market between 2017 and 2023, owing to their widespread use in the lighting control systems. The hardware components in lighting products are LED drivers and ballasts, sensors, switches, dimmers, relay units, and gateways. LED drivers and ballasts, switches, and dimmers account for a major share of the lighting control system market for hardware components during the forecast period

Lighting control system market for outdoor applications to grow at a significant rate between 2017 and 2023

The lighting control system market for the outdoor lighting application is expected to grow at the highest rate. Outdoor lighting includes lighting for highways, roadways, bridges and tunnels, architectural lighting, lighting in public places such as stadiums and parks, and other lighting applications such as harbors. Increasing focus on enhancing connectivity by building roads and road lights, especially in the developing countries of APAC, would spur the growth of the said market.

Report Information @ http://www.marketsandmarkets.com/Market-Reports/lighting-control-system-market-66050609.html

APAC held the largest share of the lighting control system market in 2016

The APAC region accounted for a major share of the lighting control system market in 2016, and the similar trend is expected to continue during the forecast period. The largest market share in APAC is attributed to the rapid infrastructure building activities being undertaken in the region, mainly China where lighting control systems pave the way for the modernization of infrastructure.

Major players in the lighting control system market are General Electric Company (GE) (US), Philips Lighting N.V. (Netherlands), Eaton Corporation (Ireland), Legrand S.A. (France), OSRAM Licht AG (Germany), Acuity Brands Inc. (US), and Cree, Inc. (US).

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™ INC.
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
USA : 1-888-600-6441
Email : sales@marketsandmarkets.com