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Smart Lighting Control System Market Industry Demand, Market Scope, Growth Analysis, Research Forecasting 2018-2024

New Trending Global Lighting Control System Market Report provides Emerging Market trends, Manufacturer Share, Market Segmentation, regional outlook and comprehensive analysis on different market segments.


Pune, India -- (SBWIRE) -- 07/02/2018 -- Global market lighting control system is an intelligent network based electronic system with an ability to regulate or control the quality, level or pattern of lighting as per the user requirement. This system consists of different sensors, input and output devices, communication system and one or more central processing unit.

Trending Study/information "Global Lighting Control System Market" accounted to USD 12.1 billion in 2016 growing at a CAGR of 18.0% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Key Drivers of Global Lighting Control System Market

Lighting Control System Market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of flow cytometry market for global, Europe, North America, Asia Pacific and South America.

Key Points of Global Lighting Control System Market

- Requirement of Energy-Efficient Lighting Control and Management Systems
- Increasing Adoption of Internet of Things (IoT) in the Lighting Industry
- Acceptance of Standard Protocols for Lighting Control
- Modernization and Infrastructure Development
- Perception of Higher Cost of Installations and Limited Awareness About Payback Periods
- Security and Privacy Issues in Iot-Based Lighting Systems May Impede the Growth

Some of The Top Key Players Operating In Lighting Control System Market Are:

General Electric Company, Philips Lighting N.V., Eaton Corporation Plc, Legrand S.A., Osram Licht Ag, Acuity Brands, Inc., Cree Inc., Lutron Electronics Co. Inc., Leviton Manufacturing Company, Inc., Echelon Corporation, Lightwaverf Plc, Digital Lumens, Inc., Start-Ups Ecosystem, Isotera, Ketra, Lifx, Switchmate Inc., Legrand, Osram, LG Electronics, Harman International, Vantage Control, Honeywell International, Hubbell Incorporated among others. In 2017, Philips Lighting N.V acquired Li-Fi company, specializing in visible light communications (VLC) in a move believed to be aimed at boosting Philips' capabilities in Li-Fi, the light-based technology expected to provide Wi-Fi-like two-way Internet communications.

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Market Overview of Global Lighting Control System Market

On the basis of components the Lighting Control System Market is segmented into Occupancy Sensors, Daylight Sensors, User Interfaces, Others. The Daylight sensors market is expected to grow in the forecasted period.

On the basis of communication protocol the Lighting Control System Market is segmented into weird wireless. The wireless market is expected to grow in the forecasted period.

The wired is further segmented into DALI, Power Line Communication (PLC), Power over Ethernet (POE), Hybrid (Wired), others. The hybrid market is expected to grow in the forecasted period.

The wireless is further segmented into Zigbee, Bluetooth/Bluetooth Low Energy (BLE), Enocean, Wi-Fi, 6lowpan, Hybrid (Wireless), Others. The Zigbee market is expected to grow in the forecasted period.

On the basis of application the Lighting Control System Market is segmented into Industrial, Commercial, Residential, Others. The commercial market is expected to grow in the forecasted period.

What this Research Study Offers:

1. Global lighting control system market share assessments for the regional and country level segments

2. Global lighting control system market share analysis of the top industry players

3. Strategic recommendations for the new entrants in Global Lighting Control System Market.

4. Global lighting control system market forecasts for a minimum of 5 years of all the mentioned segments, sub segments and the regional.

5. Global lighting control system market trends (drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)

6. Strategic recommendations in key business segments based on the global lighting control system market estimations

7. Competitive landscaping mapping the key common trends

8. Company profiling with detailed strategies, financials, and recent developments

9. Supply chain trends mapping the latest technological advancements

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