Market Research Future (MRFR) has announced the launch of a new release on the global lighting control system market. The report provides a comprehensive outlook on the global lighting control system market’s growth over the forecast period from 2017 to 2023 based on a solid analysis of the market’s historical data and growth trajectory. The market is expected to reach a valuation of USD 39 billion over the forecast period, displaying a strong CAGR of 18% therein.Get Free Sample at: [FURL]https://www.marketresearchfuture.com/sample_request/3822[/FURL]
Segmentation:
By component, the global lighting control system market is segmented into hardware, software, and services. Within this, the hardware segment is further subcategorized as switches, sensors, dimmers, LED drivers, and others. Software segments in the lighting control system market include cloud-based and web-based. The services segment is further sub-segmented into professional services, managed services, maintenance services, and others.
By technology, the global lighting control system market is segmented into Bluetooth, Wi-Fi, PLC, POE, ZigBee, and others.
By application, [FURL=https://www.marketresearchfuture.com/reports/lighting-control-system-market-3822]Lighting Control System Market Size[/FURL] is segmented into residential, commercial, industrial, highways, roadways, railways, and others.
Regional Analysis:
Asia Pacific is likely to remain the dominant contributor to the global lighting control system market over the forecast period due to the growing infrastructure activities in rapidly emerging economies such as China and India. These infrastructure initiatives are often performed with the latest technology to save on upgrade costs in the future, leading to growing use of lighting control systems in the region. The growing residential sector in the region could also provide significant sales revenue for the lighting control system market, although the residential sector in Asia Pacific still lags behind the residential sector in developed regions such as North America and Europe.
North America is also likely to remain a major regional segment of the global lighting control systems market over the forecast period due to the increasing demand for energy-efficient products and the increasing adoption of smart homes. The increasing adoption of IoT technology in North America has also made it easier for consumers to install and operate advanced lighting control systems.
Competitive Analysis:
Key players in the global lighting control system market include Philips Lighting NV, Legrand SA, Acuity Brands Inc., Cree Inc., Leviton Manufacturing Company Inc., Lutron Electronics Co. Inc., OSRAM Licht AG, Eaton Corporation, and General Electric.
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