Global Intelligent Lighting Controls Market Forecast to Reach $5.5 Billion by 2024: Focus on Component Types, Connection Types, Light Source and Applications - ResearchAndMarkets.com

DUBLIN--()--The "Global Intelligent Lighting Controls Market: Focus on Component Types (Sensors, Ballasts and Drivers, Switches and Dimmers, among others) by Connection Types, by Light Source and by Applications - Analysis and Forecast (2018-2024)" report has been added to ResearchAndMarkets.com's offering.

The global intelligent lighting control market is estimated to witness a growth at a CAGR of 13.3% and 20.9% over the period 2018 to 2024 in terms of volume and value respectively.

Increasing smart homes market along with customization benefits and continuously decreasing average selling price (ASP) of LED bulbs and drivers are some of the factors driving the growth of intelligent lighting control market.

The report is a compilation of different segments of the global intelligent lighting controls market including market breakdown by component type, connection type, light source, and application. The report also discusses in detail about the key participants involved in the industry.

In terms of revenue, the sensors segment held the major share in the global intelligent lighting controls market in 2017; whereas dimmers and switches segment is expected to increase with the highest CAGR in the coming years. The advancement in technology for dimmers & switches has helped to resolve the rising issue of energy crises. Sensors are the most important part in any intelligent lighting system and are used to detect and operate automatically according to the pre-defined conditions. The key sensors used in intelligent lighting industry are ambient light sensors, proximity sensors, occupancy sensors, photo sensors, and daylight sensors. Some of the companies are also inclining toward intelligent lighting controls with the use of gesture detecting sensors for gesture controls.

The most often used strategy for developing a better hold on to the market has been 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.

Market Dynamics

Drivers

  • Prevailing Issue of Global Energy Crisis
  • Increasing Trend of Smart Homes Along with Customization Benefits
  • Continuously Declining Average Selling Price (ASP) of LED Bulbs and LED DriversMarket Opportunities
  • The Integration of Physical Security Industry with Intelligent Lighting Industry
  • Changing Paradigm of Lighting Industry to Electronics Industry
  • Addition of Voice Control Feature to the Upcoming Products

Restraints

  • Designing Challenges While Using LED Driver
  • Consumers have to Bear High Replacement Costs from Existing Solutions to Intelligent Lighting Systems
  • Lack of Standards and the Associated Interoperability Issues

Key Topics Covered

Executive Summary

1 Research Scope & Methodology

2 Market Dynamics

3 Competitive Insights

4 Industry Analysis

5 Global Intelligent Lighting Controls Market by Component Type

6 Global Intelligent Lighting Market by Connection Type

7 Global Intelligent Lighting Controls Market by Light Source

8 Global Intelligent Lighting Controls Market by Applications

9 Global Intelligent Lighting Controls Market by Region

10 Company Profiles

  • Acuity Brands Inc.
  • Control4 Corporation
  • Cree Inc.
  • Eaton Corporation Plc
  • Enlighted Inc.
  • General Electric Company
  • Honeywell International Inc.
  • Hubbell Incorporated
  • LSI Industries Inc.
  • Legrand
  • Leviton Manufacturing Co. Inc.
  • Lutron Electronics Co. Inc.
  • OSRAM GmbH
  • Philips Lighting
  • Schneider Electric

For more information about this report visit https://www.researchandmarkets.com/research/lwrcpt/global?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Lighting Equipment , Internet of Things and M2M

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Lighting Equipment , Internet of Things and M2M