Smart lighting is a technology designed for using energy more efficiently. The technology involves automated controls and high-efficiency fixtures, which are capable of making adjustments on the basis of various environmental conductions. The light control system is a network-based lighting control solution that involves communication between numerous system inputs & outputs with the help of central computing devices. These lighting control systems are widely used in indoor and outdoor lighting solutions in commercial, industrial, and residential areas.
The major drivers contributing to the growth of the smart lighting and control system market include technological innovations, rising demand for energy efficient products and systems, significant acceptance of internet of things (IoT), and increase in infrastructural development. Furthermore, growing awareness among consumers and government initiatives towards smart cities are anticipated to boost the smart lighting and control system market in the coming years.
The "Global Smart Lighting and Control System Market Analysis to 2027" is a specialized and in-depth study of the smart lighting and control system industry with a special focus on the global market trend analysis. The report aims to provide an overview of smart lighting and control system market with detailed market segmentation by offerings, connectivity, end-user, and geography. The global smart lighting and control system market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading smart lighting and control system market players and offers key trends and opportunities in the market.
The global smart lighting and control system market is segmented on the basis of offerings, connectivity, and end-user. Based on offerings, the market is segmented as systems and components. The components segments of further bifurcated by sensors, micro controllers, actuators & drivers, and others. Further, based on connectivity, the smart lighting and control system market is divided into wired and wireless. Furthermore, on basis of end-user, smart lighting and control system market is segmented as industrial, commercial, and residential.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global smart lighting and control system market based on various segments. it also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The smart lighting and control system market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting smart lighting and control system market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for the smart lighting and control system market for each region.
The reports cover key developments in the smart lighting and control system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from smart lighting and control system market are anticipated to lucrative growth opportunities in the future with the rising demand for smart lighting and control system in the global market. Below mentioned is the list of few companies engaged in the smart lighting and control system market.
The report also includes the profiles of key smart lighting and control system companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, key development in the past five years.
- Acuity Br and s Lighting, Inc.
- Belkin International, Inc.
- Eaton Corporation
- GE Company
- Honeywell International Inc.
- Itron Inc.
- Lutron Electronics Co., Inc.
- Signify Holding BV
- Telematics Wireless Ltd.
- Telensa Limited
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.