Selbyville, Delaware Global Lighting Controls Market Size Report added at Market Study Report LLC offers industry size, share, growth, trends and forecast analysis up to 2025. Lighting Controls Market Size Report also covers top key players, porters five forces analysis and market segmentation in detail. This report examines the global Lighting Controls market and provides information regarding the revenue for the period 2020 to 2025.
According to research report titled a??Global Lighting Controls Market Analysis, 2020a??, the Lighting Controls market is projected to register a CAGR of around 14% during 2020-25. The Asia-Pacific region is anticipated to rapidly grow in the Global Lighting Controls market in the forthcoming period.
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The Asia-Pacific Lighting Controls market is driven largely by the adoption of lighting controls for large open spaces in the form of halls in hotels and restaurants since the past few years and it is further expected that the construction of new hotels and restaurants would add to larger demand in the coming years. For instance, the construction of hotel and convention centers, worth around USD 282 million in India is expected to add demand for lighting controls by 2022.
Moreover, the push toward the installation of smart street lamps for traffic management and resolving parking issues in India, China, and developing South-East Asian countries would drive the software market for lighting control
The software segment acquired a considerable market share in the Global Lighting Controls market in 2019. The demand for software both cloud and web-based are expected to increase in the coming years due to surging demand for smart lighting solutions worldwide. The smart lighting control system is easily controllable through smartphones and other smart devices. Thus, the demand for smart lighting solutions is increasing throughout the world. The cloud-based lighting control system are used by end-users to reduce the risk of safety and security. The construction of hospitals, government building, etc. are generating the demand for cloud-based lighting control systems throughout the world.
According to, the key players capturing a considerable market share in the Global Lighting Controls market include Lutron, Acuity Brands, Legrand, Hubbel Inc., Schneider Electric, Eaton, ABB, etc. The players are introducing new lighting control systems and software to gain a competitive edge in the industry. In 2018, Fulham launched a new line of Bluetooth mesh lighting control systems and software. In 2019, LG introduced a new lighting control system, the LG Smart Lighting Manager (SLM).
Key Questions Answered in the Market Research Report
What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of Global Lighting Controls Market?
What are the region wise industry size, growth drivers and challenges key market trends?
What are the key innovations, technology upgrades, opportunities, regulations, growth drivers and challenges in the Global Lighting Controls Market?
Who are the key competitors or market players and how they perform in Global Lighting Controls Market on the basis of competitive benchmarking matrix?
What are the key results derived from the market surveys conducted during the course of Global Lighting Controls Market study?
Market Outlook, Segmentation and Statistics
Market Size & Analysis
Market Share & Analysis
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