DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Intelligent Lighting Controls Market - Analysis and Forecast (2017-2023) (Focus on Component Type, Connection Type, Application and Light Source)" report to their offering.
The global intelligent lighting control market is estimated to witness a growth at a CAGR of 14.3% and 10.2% over the period 2017 to 2023 in terms of volume and value respectively.
North America led the global intelligent lighting controls market in 2016 in terms of volume and value. Since energy performance contracts are becoming widespread in North America, specific Energy Service Companies (ESCOs) have been developed in last few years to provide wide-ranging energy services to the owners of buildings. The services offered in a form of package, include equipment installations, technical evaluations, hazardous waste removal, billing, financing, energy monitoring and verification services. The growth of North American intelligent lighting control market is actively supported by the installation of new intelligent lighting systems in the non-residential segment.
However, Asia Pacific is expected to grow with the highest rate during the forecast period and surpass the market of Europe. This is mainly due to lower cost of consumer equipment in the region. Additionally, the rising trend of smart homes in the region is also supporting the growth of Asia Pacific intelligent lighting controls market. China has a high rate of consumption and production of global lighting products. Within the lighting industry, intelligent lighting enterprises are gradually on the path of expansion which is also attracting many foreign market players for further investments. Additionally, growth of green lighting LED lamps is rising in the China lighting industry.
The most often used strategy for developing a better hold on to the market has been through product launches, followed by partnerships, joint ventures, and collaborations. Moreover, the company profile section includes highlights of significant information about the key companies involved along with their financial positions, key strategies, and developmental activities of recent years.
Some of the key players involved in this market are
- Acuity Brands, Inc.
- CONTROL4 CORPORATION
- Cree, Inc.
- Daintree Networks
- Enlighted Inc.
- General Electric
- Honeywell International Inc.
- Hubbell Incorporated
- Koninklijke Philips N.V.
- LSI Industries, Inc.
- Leviton Manufacturing Co., Inc.
- Lutron Electronics Co., Inc.
- OSRAM Licht AG
- Schneider Electric
Key Topics Covered:
1 Research Scope & Methodology
2 Market Dynamics
3 Competitive Insights
4 Global Intelligent Lighting Controls Market by Component Type
5 Global Intelligent Lighting Market by Connection Type
6 Global Intelligent Lighting Controls Market by Light Source
7 Global Intelligent Lighting Controls Market by Applications
8 Global Intelligent Lighting Controls Market by Region
9 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/mwrp65/global