The global Lighting Management System market was valued at USD 11.66 billion in 2018 and is projected to grow at a CAGR of 13.4% during the forecast period 2023 to 2030.
Market Overview
The research firm Contrive Datum Insights has just recently added to its database a report with the heading global Lighting Management System Market .Both primary and secondary research methodologies have been utilised in order to conduct an analysis of the worldwide Lighting Management System Market . In order to provide a comprehensive comprehension of the topic at hand, it has been summed up using appropriate and accurate market insights. According to Contrive Datum Insights, this worldwide comprehensive report is broken up into several categories in order to present the data in a way that is understandable, succinct, and presented in a professional manner. By controlling the lights in a building, lighting management systems are used to save energy and keep things running smoothly. The system is made up of a sensor that is attached to a loop. This loop helps with both manual and remote light emission control. With this system, you can control how much light comes out per square foot. Over the next few years, the market for lighting management systems is likely to grow quickly.
The Internet of Things (IOT) and how it can be used for energy management solutions, the growing demand for smart lighting applications, the growing awareness of energy efficiency and saving, especially at work, and the growing use of energy management solutions all drive the global lighting management systems market. But the growth of the market is limited by a lack of technical knowledge and high costs for both the initial investment and maintenance. The market for these systems is strong in North America, and it is also growing in Asia-Pacific and Europe. Estimates and forecasts of the size of the Lighting Management System market are given in terms of sales volume (K units) and revenue (million USD), with data from the past and future for the years 2017 to 2030, with 2022 as the base year. This report describes in detail the different parts of the global Lighting Management System market. Regional market sizes are also given for each product type, each application, and each player. When figuring out how big the market was, we took COVID-19 and other global crises into account.
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Segment Analysis
It encompasses the most important key players in the world’s various regions and contains them. In this research report, several different techniques that high-level industries have utilised to achieve their goals are discussed. In order to obtain a more in-depth analysis of a number of different businesses, player profiles of the most important top players have been developed. It is beneficial to have an understanding of the worldwide competition on both the domestic and international platforms.
It provides a detailed description of the drivers and opportunities in the Lighting Management System Market , which assists current customers and potential customers in gaining a clear vision and making decisions that are most effective for them. In order to discover the desired facts regarding the target market, various types of analysis models, such as Lighting Management System Market , are utilised. In addition to this, it includes a variety of different techniques for strategic planning, which encourages the way to define and develop the framework of the various industries. Retrofitting is the process of updating old lighting control systems. This makes the lights brighter and cooler, and also makes sure they use less energy and give off less heat. In retrofitting, some of the existing lighting fixtures and traditional light sources are replaced with LED lamps and non-integrated luminaires and controls, such as LED drivers, dimmers, sensors, switches, and gateways. The lighting control system market for hardware is mainly driven by the growing need for lighting systems that use less energy. Dimmers and switches that are built into lighting control systems are an important part of reducing energy use without sacrificing style. Developing countries in the Asia-Pacific (APAC) region, especially, are putting more effort into building roads and road lights to improve connectivity. This is expected to drive the growth of the lighting control system market for outdoor use. Digital Addressable Lighting Interface (DALI), Powerline Communication (PLC), Power over Ethernet (PoE), various wired hybrid protocols, and other company-specific proprietary protocols make up the market for wired communication protocols for lighting control systems.
Based on types, the Lighting Management System Market is segmented into:
- Daylight Sensors
- Occupancy Sensors
- Programmable Ballasts
- User Interfaces
Based on application, the Lighting Management System Market is segmented into:
- Residential
- Commercial
- Industrial
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Recent Development
Schneider Electric said in July 2019 that it would connect its EcoStruxure platform with Lutron’s Quantum solution so that patient rooms could have motorized window shades and digital light fixture controls. Lutron Electronics would make the lighting, automated shading, and fixture control parts of this digitally integrated solution.
In June 2019, OSRAM told Stern Stewart Capital that it was selling its Siteco luminaires business. By selling its luminaires business, Osram is taking another step toward becoming a high-tech company.
Eaton announced in May 2019 that the Trellix-connected lighting platform was going to be released. It is an open IoT platform and infrastructure that connects smart sensors and uses the data they collect to give actionable insights. This lets industries like healthcare, manufacturing, commercial offices, education, hospitality, and retail improve their operational efficiency and the experience of their customers. In April 2019, the ECLYPSE Sky Ecosystem platform was released by Acuity Brands’s operating brand, Distech Controls. This platform lets people in offices, hotels, hospitals, schools, and other buildings control how the building works for them. Along with Bluetooth wireless communication, this platform makes it easy for people to control their space’s comfort settings using familiar technology, like a mobile device.
Honeywell and the City of Newark said in April 2019 that they would work together on the project to save energy. As part of the project, the company wants to make control solutions that use less energy, such as sensors that turn lights off automatically when a room is empty.
Regional Analysis
The global Lighting Management System market has been studied in North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa (MEA). North America is the biggest market for lighting management systems because more and more people and businesses in the region are using lighting control systems to save energy. Asia-Pacific is expected to grow a lot over the next few years because of how quickly infrastructure is being built in the region.
Regional Lighting Management System Market coverage (Regional Status, Demand Forecast, Country Trends, etc.):
- North America, Europe, China, Japan, Southeast Asia, India.
- North America (USA, Canada, and Mexico).
- Europe (Germany, France, UK, Russia and, Italy).
- Asia-Pacific (China, Japan, Korea, India and, Southeast Asia).
Key segments covered in the Lighting Management System Market include:
- Lighting Management System Market Growth Drivers and Barriers.
- Market Trends, Market Opportunities, Porter’s Five Forces Analysis.
- Market Overview, Industry Development, Market Maturity, Value Chain Analysis.
- Regional and Country Level Analysis.
- Trends and Forecasts for Market Segments.
- Market Analysis and Various Recommendations.
- Key market forces.
Report Customization:
This report will be customized to your needs for additional data up to 5 companies or 5 countries or nearly 40 analyst hours.
https://www.contrivedatuminsights.com/product-report/lighting-management-system-market-22247Key Market Participants in the Lighting Management System Market :
Schneider Electric, General Electric Corporation, OSRAM Licht AG, Siemens AG, LG Electronics, Legrand, Koninklijke Philips N.V, Lutron Electronics Co. Inc, Leviton Manufacturing, Legrand North America, Lutron, and others.
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