Dublin:Business Wire) – “Lighting Controls: Global Market Tract and Analysis” added ResearchAndMarkets.com’s Presenting.
The global lighting control market will reach $ 12.4 billion by 2027
In the COVID-19 crisis, Global market capitalization of $ 5.9 billion by 2020 The improvement is projected to reach $ 12.4 billion by 2027, and CAGR will grow by 11.2% during the 2020 analysis. -2027.
Corporate, one of the components analyzed in the report, recorded a 9% CAGR, reaching $ 4.7 billion by the end of the analysis period. After a preliminary analysis of the implications of the epidemic’s business and the economic crisis, growth in the retail sector has adjusted to an improved CAGR of 12.6% over the next seven years.
The U.S. market is estimated at $ 1.6 billion, with China projected to grow at a CAGR of 14.5%
The market for lighting control in the United States It is estimated at $ 1.6 billion by 2020. China, the world’s second-largest economy, is projected to reach $ 2.27 billion by 2027 following a 14.5 CAGR. From the analysis period 2020 to 2027%.
Other major geographic markets are Japan and Canada, with forecasts growing by 7.9% and 9.5%, respectively, for the period 2020-2027. In Europe, Germany is projected to grow at an estimated 8.6% CAGR.
16.4% CAGR outside to register
Internationally, the United States, Canada, Japan, China, and Europe drive an estimated 15.5% CAGR for this segment. A.D. By 2020, the total market capitalization of $ 371.8 million will reach $ 1 billion.
China is one of the fastest growing markets in the region. The Asia-Pacific market is dominated by countries such as Australia, India and South Korea. By 2027, it is projected to reach $ 1.8 billion, and CAGR will grow by 18.2% in Latin America.
Covered Topics:
I. Method
II. executive summary
1. Market overview
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Lighting Controls: Emotional Energy, Efficiency, and Personal Emotions
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Top drivers and trends at the top
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Recent market activity
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Growth in Connected, Incorporated and Sustainable Light Market Growth
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Connected lamp
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Embedded lamp
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Permanent lighting
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The global lighting control market is evolving with the dynamic lighting industry
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Major lighting technology trends are summarized
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Many benefits inspire widespread adoption around the world
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Increasing energy savings
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Adequate lighting for added comfort
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Automated functionality
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High quality light and extended life
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Flexibility and freedom increased
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Push button tools and preset settings
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Important addition to building safety systems
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Global market situation
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Developing Asian countries offer significant market growth opportunities
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The impact of COVID-19 and its declining global reach
2. Focus on selected players (total 128 featured)
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Acuity Brands, Inc. (USA)
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Acoustic Controls (USA)
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Disc Controls (Canada)
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Cray, Inc. (USA)
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Current, powered by GE (USA)
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Daintree Networks, Inc. (USA)
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Eton Corporation (USA)
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Cooper Industries Plc. (Ireland)
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Fagerhults Belysning AB (Sweden)
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FW Thorpe Plc (UK)
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Hubble Control Solutions (HCCS) (USA)
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Legrand SA (France)
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WattStopper, Inc. (USA)
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Leviton Manufacturing Company, Inc. (USA)
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LG Innotek (South Korea)
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Lutron Electronics, Inc. (USA)
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Osram GmbH (Germany)
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Panasonic Corporation (Japan)
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Douglas Light Controls (Canada)
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Universal Lighting Technologies, Inc. (USA)
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Phillips Lighting North America Corporation (USA)
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Phillips Color Kinetics (USA)
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Strand Light (USA)
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Schneider Electric SA (France)
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TCP International Holdings Ltd. (Switzerland)
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Theben AG (Germany)
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Zumtobel Group AG (Austria)
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Thorn Licht GmbH (Germany)
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Tridonic GmbH and Co KG (Austria)
3. Market trends and drivers
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Increasing the popularity of smart lighting drives Strong demand for smart lighting controllers
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High demand for modern lighting control systems
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Modern lighting tracks provide safe, productive and healthy lighting
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The innumerable benefits of modern lighting controls
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Opportunities and Challenges
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The huge potential of the IoT technology market for market expansion
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IoT Architecture
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IoT for construction automation
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Other popular IoT application areas
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Key barriers to IoT adoption
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Fast LED light penetration and advanced lighting controls “Light as a service” (LA)
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Key factors contributing to the development of laser
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Smart homes and smart cities are in high demand for smart and wireless lighting control solutions
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The growing popularity of home automation is increasing market demand
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The need for smart and connected homes “wireless” controllers
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Cloud-based lighting controls for traction
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Strong demand from the residential environment lends drag to market growth
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Classification of residential lighting control systems
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Advantages of residential lighting controls
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Major trends in residential lighting control room
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Private buildings – incomplete market unit
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Evolution of indoor lighting controls over the years
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Lighting control systems: Why and where to use them in residential applications
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Common contradictions in choosing residential lighting controls
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Corporate applications to maintain market dominance in lighting controls
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Digital lighting control technology is changing the sector of commercial buildings
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Street lighting management – a potential laden application
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Shiny smart street lights to reduce energy consumption and emissions
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Energy efficiency in the retail sector encourages market volatility
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Recovery during construction is good for light control needs around the world
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Major trends driving future adoption in new construction and reconstruction
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Light spectrum control has a positive effect on people and productivity, good for market adoption
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The horticultural sector is designed to take advantage of the advanced lighting control capabilities
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Light spectrum control ensures that it is useful for animal production
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Power codes, utility reductions and energy savings to drive sales of lighting controls
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Building codes are constantly being updated for improved energy efficiency
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Overview of International Building Codes
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The main factors that hinder market adoption
4. Global Market Perspective
III. Market Analysis
IV. Competition
For more information on this report, visit https://www.researchandmarkets.com/r/gu1mx5