Increasing Adoption Of Internet Of Things Expected To Boost Growth Of Lighting Control Components Market

Global Lighting Control Components Market: Drivers and Challenges

Rising need for energy efficient lighting control solutions is a major factor driving the growth of lighting control components market during the forecast period. Many governments and utilities have started deploying LED-based lighting control components with new technology to enhance efficiency and to reduce maintenance and operation costs.

This implementation of lighting control components system is expected to be one of the key factors fueling the demand for lighting control components over the forecast period. Likewise, factors such as requirement for lighting control management systems, modernization and infrastructure development, and increasing adoption of Internet of Things are also expected to boost the growth of the lighting control components market.

Moreover, the decline in average selling price of the LED driver and LED bulbs is also projected to contribute to the growth of the lighting control components market during the forecast period. However, the consumers have to bear the high initial costs while replacing existing solution to intelligent lighting solution, which is a major factor hampering the growth of the lighting control components market.

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Global Lighting Control Components Market: Segmentation

The lighting control components market can be segmented on the basis of technology, component, application and region.

Based on technology, the global lighting control components market is segmented into:

• Wired
• Wireless

Based on component, the global lighting control components market is segmented into:

• Hardware
• Software
• Services

Based on application, the global lighting control components market is segmented into:

• Outdoor
  • Roadways
  • Architectural
  • Public places
  • Others
• Indoor
  • Residential
  • Commercial
  • Industrial
  • Others

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Report regional analysis includes:

• North America
• Europe
• MEA
• East Asia (Japan, China, South Korea)
• South Asia (India, Thailand, Malaysia, Indonesia, Philippines, Rest)
• Oceania (Australia, New Zealand)
• Latin America
• Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

Key Vendors

Examples of some of the participants in the global lighting control components market identified across the value chain include General Electric Company (GE), Lutron Electronics Co. Inc., Philips Lighting N.V., Enlighted Inc., Eaton Corporation, Schneider Electric, Legrand S.A., OSRAM Licht AG, Hubbell Incorporated, Acuity Brands Inc., and Cree, Inc.

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The Report Covers Exhaustive Analysis On:

• Market Segments
• Market Dynamics
• Market Size & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

Highlights from the Report

• Elaborated scenario of the parent market
• Transformations in the market dynamics
• Detailed segmentation of the target market
• Historical, current and forecast market size based on value and volume
• Latest industry developments and trends
• Competition landscape
• Strategies adopted by the market players and product developments made
• Potential and niche segments, along with their regional analysis
• Unbiased analysis on performance of the market
• Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness

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