Lighting Control System MarkeT Size, Trends and Forecast 2024Posted by Somesh on December 20th, 2019 The global lighting control system market is estimated to reach 40.6 USD Billion in 2024 at a CAGR of 16.0%. Inclination towards energy saving alternatives and emergence of internet of things (IoT) is expected to boost the lighting control system market during the forecast period. However, requirement of ongoing maintenance is expected to restrain the market during the forecast period. Cloud- based smart lighting is expected to become an opportunity for lighting control system market. A lighting control system is a type of intelligent network system which helps consumers to control the lighting in indoor and outdoor spaces. A lighting control system is mainly used for outdoor applications such as roadways & highways lighting and various public spaces. Some key players in lighting control system market are Signify Holding, Lutron Electronics Co., Legrand SA, OSRAM Licht AG, Schneider Electric SE and Eaton among others. Lighting Control System Market Segmentation This market research report offers a comprehensive analysis of key market trends in the global lighting control system market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks. On the basis of component, the market is segmented into hardware, software, and services. By connectivity protocol, the lighting control system market is segmented into wired and wireless. By application, lighting control system market is segmented into corporate buildings, industrial buildings, educational buildings, retail malls, hospitals, public buildings, hospitalitly, roadways and highways lighting, architectural lighting, and flood lighting. Lighting Control System Market Report Scope The report on the lighting control system market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation. Companies Covered Signify Holding (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
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