A fresh report titled on “Lighting Control System Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report also details the information about the global market status, growth rate, future trends, market drivers, challenges, opportunities and porter’s forces analysis with respect to these elements. An exclusive data offered in this report is collected by research and industry experts team.
The Lighting Control System Market is estimated to grow from US$ 19.5 Billion in 2019 and projected to reach US$ 39.0 Billion by 2024; it is expected to grow at a CAGR of 14.8% from 2019 to 2024. This report spread across 201 Pages, Profiling 10 Companies and Supported with 102 Tables and 64 figures is now available in this research.
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Top key Players profiled in the Lighting Control System Market Signify Holding (Signify, Netherlands), Legrand S.A. (Legrand, France), Eaton Corporation (Eaton, Ireland), General Electric Company (GE, US), and OSRAM Licht AG (OSRAM, Germany). The other players operating in the lighting control system market include Acuity Brands, Inc. (Acuity, US), Leviton Manufacturing Company, Inc. (Leviton, US), Lutron Electronics Co. Inc (Lutron, US), Ideal Industries Inc. (Ideal Industries, US), Schneider Electric (Schneider, France), and Honeywell International Inc. (Honeywell, US).
“Services market for lighting control systems is expected to grow at highest CAGR during forecast period”
The lighting service model is defined broadly as the third-party management of lighting systems, which may include additional technical, maintenance, financial, or other services. Technological advancements in the lighting industry have provided a gateway to the Internet of Things (IoT), while lighting services have been meeting the rising demands for new networks, which offers lighting manufacturers a new opportunity in competing with traditional networking players, and at the same time, opening their own service segments.
“Indoor application to hold major share of lighting control system during forecast period.”
Indoor applications are expected to account for the largest share of the lighting control system market during the forecast period. The lighting control system market for the indoor lighting application has been segmented into residential, commercial, industrial, and others. The demand for lighting systems is more for indoor lighting applications due to the growing construction industry across the world.
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Competitive Landscape of Lighting Control System Market:
2 Lighting Control System Market: Market Ranking Analysis, 2018
3 Competitive Situations and Trends
3.1 Product Launches & Developments
3.2 Agreements, Partnerships, Collaborations, Contracts, and Joint Ventures
3.3 Mergers & Acquisitions
4 Competitive Leadership Mapping
4.1 Visionary Leaders
4.2 Dynamic Differentiators
4.4 Emerging Companies