The study methodologies used to examine the Intelligent Lighting Control market for the forecast period, 2020 - 2027 further classifies the industry by type, geography, end-use and end-user to add more precision and bring to light factors responsible for augmenting business development.
Vancouver, BC -- (SBWIRE) -- 03/19/2021 -- The global Intelligent Lighting Control Market is projected to reach USD 27.29 billion by 2027, according to a recent report by Emergen Research. The evolution of smart technology over the years has significantly modified the industry in terms of energy and cash saving, as well as improved the protection and convenience of the users. With the arrival of cutting-edge technologies within the industry, varied gateways are opened for the businesses of many trade verticals, like dimmers, management systems and software system primarily based solutions and sensors. The state of affairs of the industry has been utterly reworked with the institution of contemporary technologies in it. The world economy on a longer term is anticipated to consume a lot of energy resources within the longer run, particularly with the growing energy demand from the developing countries like India, China, and Japan. Lighting phase sometimes consumes majority of the electricity during a business building and attracts substantial energy levels for a non-public residence. Intelligent lighting controls witnessed important increase within the adoption rate for the usage in varied applications because of multitudinous blessings offered by the technology.
The integration of physical security trade with intelligent lighting is likely to affect the growth of the industry positively. The ever-changing paradigm of lighting management trade to industry and adding voice management feature can be integrated to the coming products. Increasing number of smart homes in conjunction with customization edges and incessantly decreasing average terms (ASP) of light-emitting diode bulbs and drivers square measure a number of the factors driving the expansion of intelligent lighting management market.
The latest industry intelligence report on the Intelligent Lighting Control market performs a cautious examination of the current business environment and competitive landscape of the Intelligent Lighting Control market for the forecast period, 2020 - 2027. For stakeholders, field marketing executives and product owners planning to maintain a competitive edge the market assessment report brings to light essential impression about the growth rate, share and size of the industry during the estimated period. Deep dive into an array of elements including but not limited to the value proposition, product positioning, and targeting and industry segmentation have been described through resources such as charts, tables, and info graphics.
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Key Highlights From The Report
An economical lighting system will scale back the energy consumption by 22-43% and in some cases by the maximum amount as five hundredth, looking on the sort of system put in. The magnified would like for energy demand management in developed countries conjointly augurs well for the market.
Smart homes pose a measure to the fast expansion of the intelligent lighting controls market in residential application. The advent of smart houses is the last word answer for the patron that brings varied blessings with reference to energy and value savings. Moreover, homes are thought-about to be intelligent' enough to spot the members of the family and guests which will support the bioscience technology. Majority of the businesses operative throughout these houses squares a significant amount of money to be integrated seamlessly with the physical and digital world.
The wired technology has been in the scene for quite a while however with the recent development in frequency (RF) technologies, there is a rise within the range of wireless installations worldwide. Wired technology primarily based intelligent lighting systems will offer higher management and adaptability with the utilization of further natural philosophy, that successively will increase the value of the installation.
Key participants include Lutron Electronics, General Electric Company, Honeywell International, Leviton Manufacturing, Cree, Acuity Brands, Enlighted, OSRAM Gmbh, LSI Industries and Hubbell Incorporated.
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All of the segments studied in the research study are analyzed on the basis of BPS, market share, revenue, and other important factors. Our research study shows how different segments are contributing to the growth of the global Intelligent Lighting Control market. It also provides information on key trends related to the segments included in the report. This helps market players to concentrate on high-growth areas of the global Intelligent Lighting Control market. The research study also offers separate analysis on the segments on the basis of absolute dollar opportunity.
Regional scope: - North America; Europe; Asia Pacific; Central & South America; MEA
Product Outlook (Revenue, USD Billion; 2017-2027)
Sensors
Ballast and LED Drivers
Microcontrollers
Dimmers and Switch Actuators
Transmitters and Receivers
Applications Outlook (Revenue, USD Billion; 2017-2027)
Smart Cities
Automotive
Manufacturing
Media and Entertainment
Others
Connectivity Outlook (Revenue, USD Billion; 2017-2027)
Wired
Wireless
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Important the study on the Intelligent Lighting Control market takes a closer look at the top market performers and monitors the strategies that have enabled them to occupy a strong foothold in the market. Performance of the product and services across different segments and geography are thoroughly assessed during the research. Apart from this, the research brings to light real-time data about opportunities that will completely transform the trajectory of the business environment in the coming years.
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Table of Content
Chapter 1. Intelligent Lighting Control Market Methodology & Sources
1.1. Intelligent Lighting Control Market Definition
1.2. Intelligent Lighting Control Market Research Scope
1.3. Intelligent Lighting Control Market Methodology
1.4. Intelligent Lighting Control Market Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Intelligent Lighting Control Market Key Insights
Chapter 4. Intelligent Lighting Control Market Segmentation & Impact Analysis
Chapter 5. Intelligent Lighting Control Market By Products Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
Chapter 6. Intelligent Lighting Control Market By Types Insights & Trends, Revenue (USD Million), Volume (Kilo Tons)
Chapter 7. Intelligent Lighting Control Market By Applications Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
Chapter 8. Intelligent Lighting Control Market By End Use Insights & Trends Revenue (USD Million), Volume (Kilo Tons)
Chapter 9. Intelligent Lighting Control Market Regional Outlook
Chapter 10. Competitive Landscape
Continued…