Remote Control Lighting System Market - Top Key Players, Business Trends to 2023

0
0

Market Overview

In its research report, Market Research Future (MRFR), asserts that the global  market 2020 is slated to grow exponentially, securing a substantial market valuation of USD 39 billion by 2023, and a healthy 18% CAGR over the review period.

Get Free Sample at: https://www.marketresearchfuture.com/sample_request/3822 

Drivers and Restraints

The factors that contribute to the growth of the market for lighting control systems are the rising demand for energy-efficient products, technological advances, increased Internet of Things adoption, modernization and infrastructural development. In addition, increasing customer awareness and raising energy prices are expected to fuel the demand over the forecast period. Nevertheless, wireless communications may often be unstable, and ongoing maintenance is the factors that hamper the overall market growth. The high deployment of various smart lighting and energy management are the factors that are expected to fuel the growth of the demand for lighting control systems. Wireless technology growth for lighting control systems is expected to propel the wireless communication technologies market during the forecast period. Cyber security problems however hamper the overall market growth. The highest market share was in the Hardware Component segment. Growing global investments in works related to infrastructure upgrades, mainly in residential and commercial buildings, is a driving force in market dominance for new installations. The rising government funding towards smart cities is also expected to motivate key companies to invent new lighting control system modules that match the changing trends and needs across the globe. These players possess state of art R&D labs and strong sales and distribution network which have helped them to gain control in the market.

Segmental Analysis

segmentation by component comprises hardware- switches, sensors, dimmers, LED drivers, others, software- cloud based, web based services professional services, maintenance services, managed services and others. LED drivers and ballast components held a major share of Remote Control Lighting System Market for hardware components. Increasing demand for energy-saving lighting systems is a key driving factor for the market.

segmentation by technology comprises bluetooth, wi-fi, plc, POE, zigbee, others.

segmentation by application comprises residential, commercial, industrial, highways, roadways, railways, others.

Regional Analysis

The geographical analysis of the global market has been analyzed in four major regions, including North America, the Asia Pacific, Europe, and the rest of the world. Asia-Pacific accounted for the largest market share mainly due to enhanced infrastructure building activities in countries like India and China, infrastructure modernization and increased demand for digitization. North America, however, is also expected to rise at a rapid pace due largely to high adoption of new technological technologies, increased demand for smart homes and increased demand for energy-efficient goods. Factors such as the ever-growing population, increasing per capita income and large regional expansions have indirectly contributed to the growth of the Asian countries’ lighting control systems industry.

Competitive Analysis

The major market players operating in the global market as acknowledged by MRFR are Legrand S.A. (France), Lutron Electronics Co. Inc. (US), Philips Lighting N.V. (Netherlands), Eaton Corporation (Ireland), Leviton Manufacturing Company, Inc. (US), Acuity Brands Inc. (US), OSRAM Licht AG (Germany) and Cree, Inc. (US), General Electric Company (GE) (US), and` among others.

Browse More Details on Report at: https://www.marketresearchfuture.com/reports/lighting-control-system-market-3822

About Market Research Future: 

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.

Contact:

+1 646 845 9312

Email: sales@marketresearchfuture.com

Blog: http://mrfrblog.com/

Showing 0 results
Your Answer

Please first to submit.

Get involved

Register

As a member of this site you will be able to receive aggregates news relating only to those categories that are most relevant to you, submit job listings for FREE, post questions in the Q&A, and more.

Register Now

Feature your company

The Feature Your Company listing is your custom-made (by us) profile page that allows you to add any of the following content: text, videos, links, images. The page will also be listed on the Featured Company landing page. Over 560 unique aggregates users visit the site per day! Complete the enquiry form now to contact us.

Contact us

Jobs

Are you looking for an aggregate related job? Click here to see our jobs listing supplied by industry experts United Employment.

See Jobs

Advertise

Reach thousands of budget holders and decision makers by promoting your company on the longest established aggregate website in the US & Canada. Or advertise in our emails which are sent to opted-in subscribers according to their chosen categories. All advertising will display correctly on tablets and mobiles as this site is responsive.