LED drivers is expected to remain the largest segment in the global lighting control market


Posted August 6, 2022 by Lucintel

LED drivers is expected to remain the largest segment in the global lighting control market
 
An exciting new study from the team of Lucintel found that lighting control market is expected to reach $30.3 billion by 2027 with a CAGR of 9.4%. There are significant money making opportunities available in this market and companies planning to enter this market need to differentiate in order to maximize their return on investment.
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The lighting control market is segmented based on product type, application, installation type, connection type, and region. In this market, LED drivers is expected to remain the largest product type, and indoor lighting segment is expected to remain the largest application. Players can benefit from the available opportunities like the increasing lighting demand in China and India...
Increasing demand for daylight sensors, growth in camera-based lighting control application, and development of hybrid lighting control systems are emerging trends having impact on dynamics of the industry.
General Electric, Cree Inc., Osram, Philips, Lutron, Leviton Manufacturing, Legrand, Acuity Brand, and Digital Lumens are some of the major players profiled in this 205 page report.
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Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the lighting control market by application (indoor and outdoor), installation type (new installation and retrofit installation), connection type (wired and wireless), product (LED driver, sensors, switches & dimmers, relay units, and gateways), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the lighting control market?
Q.4 What are some changing demands of customers in the lighting control market?
Q.5 What are the new developments in the lighting control market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this lighting control area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this lighting control market?
This unique report from Lucintel will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected]
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
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Contact Email [email protected]
Issued By Lucintel
Country American Samoa
Categories Business
Last Updated August 6, 2022