WASHINGTON, April 25, 2022 (GLOBE NEWSWIRE) -- Vantage Market Research’s recent analysis of the Global Smart Lighting Control Systems Market finds that rise in the consumption of processed food and growing awareness about health and wellness along with increasing global population across the globe are factors that influencing the growth of Smart Lighting Control Systems Market.
The total Global Smart Lighting Control Systems Market is estimated to reach USD 108.5 Billion by the year 2028.
The total revenue of the Global Market stood at a value of USD 56.2 Billion in the year 2021, and is expected to grow at a Compound Annual Growth Rate (CAGR) of 11.60%, states Vantage Market Research, in a report, titled “Smart Lighting Control Systems Market Size, Share & Trends Analysis Report by Lighting Source (Fluorescent Lamps and Compact Fluorescent Lamps, High Intensity Discharge Lamps (HID), Light Emitting Diodes (LED) Lights and Lamps), by Application (Residential, Commercial, Industrial, Outdoor), by Control Systems (Smartphone Enabled, Daylight Sensing Technology, Proximity Sensing Technology, Others), by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)”.
Please Check Out Our Free Sample Reports and Make a More Informed Decision:
Get Access to a Free Copy of Our Latest Sample Report @ https://www.vantagemarketresearch.com/smart-lighting-control-systems-market-1469/request-sample
(Sample reports are a great way to test our in-depth reports or study before you make a purchase)
- The newly updated, 140+ page reports provide an in-depth analysis of the COVID-19 virus and pandemic.
- Using industry data and interview with experts, you can learn about topics such as regional impact analysis, global forecast, competitive landscape analysis, size & share of regional markets.
- We offer these reports in PDF format so you can read them on your computer and print them out.
- Free sample includes, Industry Operating Conditions, Industry Market Size, Profitability Analysis, SWOT Analysis, Industry Major Players, Historical and Forecast, Growth Porter's 5 Forces Analysis, Revenue Forecasts, Industry Trends, Industry Financial Ratios.
- The report also presents the country-wise and region-wise analysis of the Vantage Market Research and includes a detailed analysis of the key factors affecting the growth of the market.
- Sample Report further sheds light on the Major Market Players with their Sales Volume, Business Strategy and Revenue Analysis, to offer the readers an advantage over others.
Market Dynamics:
Drivers:
Increasing Initiatives for Massive Deployment
The governments across the globe are taking initiatives for massive deployment of connected streetlights owing to increasing security concerns and growing need for connected street lights. For instance, with the help of connected street lights, a government in the United States has been able to reduce outages and connected street light maintenance costs by almost 50% through asset management policies and time monitoring analytics. The city of Rio De Janeiro has connected its on-street lighting network with security cameras, smart traffic lights, and other connected devices as part of an initiative known as "Cidade Linda (beautiful city).
The Singapore government roll out connected street lights in five districts - Tampines and Pasir Ris in the east, Jurong West in the west, and Sembawang and Yishun North near the northern tip of Singapore in 2017 at an estimated cost of $1 billion over 10 years. Each district will have about 4,000 to 5,000 connected street lights. In comparison, there were 500 such "smart" connected street lights in Singapore at the end of 2014.
Key Insights & Findings from the Report:
- According to our primary respondents’ research, the Smart Lighting Control Systems market is predicted to grow at a CAGR of roughly 11.60% during the forecast period.
- The Smart Lighting Control Systems market was estimated to be worth roughly USD 56.2 Billion in 2021 and is expected to reach USD 108.5 Billion by 2028; based on primary research.
- On the basis of region, Asia Pacific is projected to dominate the worldwide Smart Lighting Control Systems market.
Purchase This Premium Report Now @ https://www.vantagemarketresearch.com/buy-now/smart-lighting-control-systems-market-1469/0
Benefits of Purchasing Smart Lighting Control Systems Market Reports:
- Customer Satisfaction: Our team of experts assists you with all your research needs and optimizes your reports.
- Analyst Support: Before or after purchasing the report, ask a professional analyst to address your questions.
- Assured Quality: Focuses on accuracy and quality of reports.
- Incomparable Skills: Analysts provide in-depth insights into reports.
Segmentation of the Global Smart Lighting Control Systems Market:
- Lighting Source
- Fluorescent Lamps and Compact Fluorescent Lamps
- High Intensity Discharge Lamps (HID)
- Light Emitting Diodes (LED) Lights and Lamps
- Application
- Residential
- Commercial
- Industrial
- Outdoor
- Control Systems
- Smartphone Enabled
- Daylight Sensing Technology
- Proximity Sensing Technology
- Others
Read Full Research Report @ https://www.vantagemarketresearch.com/industry-report/smart-lighting-control-systems-market-1469
Rising Internet of Things Applications
In recent years, Smart Lighting Control Systems Market has seen a significant growth in the number connected devices. In the era of connected street lights, the world population is connected at all times and this will create opportunities for growth as well as security threats. Smart street lights have numerous advantages such as energy saving, maintenance optimization and increasing public safety. The most popular application is seen in developed countries including Australia, Russia, Japan among others, where connected street lights are connected to the central control system which monitors its operation and performance in real time along with other connected devices.
Increasing adoption of the smart light coupled with the government support will help in the growth of the smart light control system market.
COVID-19 Impact Analysis:
The COVID-19 outbreak has affected various industries worldwide. Governments across the world implemented strict lockdown measures and social distancing norms in order to restrict the swift spread of the pandemic. Manufacturing facilities around the world were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pandemic might lead to a significant delay in the commercial roll-out of the electronics industry. Small and medium-scale companies are the backbone of technology providers and are witnessing a steep drop in revenue since the emergence of the pandemic in 2020. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:
- Impact Assessment of COVID-19 Pandemic
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Quarterly Market Revenue Forecast by Asia Pacific 2020 & 2021
- Key Strategies Undertaken by Companies to Tackle COVID-19
- Long Term Dynamics
- Short Term Dynamics
Do You Have Any Query or Specific Requirement? Ask to Our Industry Expert@ https://www.vantagemarketresearch.com/smart-lighting-control-systems-market-1469/inquiry-before-buying
(You may enquire a report quote OR available discount offers to our sales team before purchase.)
The Report on Smart Lighting Control Systems Market Highlights:
- Assessment of the market
- Premium Insights
- Competitive Landscape
- COVID Impact Analysis
- Historic Data, Estimates and Forecast
- Company Profiles
- Global and Regional Dynamics
Regional Analysis:
North America Holds Maximum Market Share
North America is expected to dominate the growth of Smart Lighting Control Systems Market in 2021. The major driving factors for the market are presence of developing countries in the region. Additionally, increasing rapid infrastructure-related activities in the region is further increasing the demand for smart lighting systems further propelling the market growth.
List of Prominent Players in the Smart Lighting Control Systems Market:
- General Electric Company
- Koninklijke Philips N.V.
- Belkin International Inc.
- Eaton Corporation
- Lightwave PLC
- Elgato Systems
- LiFI Labs Inc.
- Honeywell International Inc.
- Lutron Electronics Company Inc.
- Acuity Brands Lighting Inc.
Browse market data Tables and Figures spread through 145 Pages and in-depth TOC on "Smart Lighting Control Systems Market Size, Share & Trends Analysis Report by Lighting Source (Fluorescent Lamps and Compact Fluorescent Lamps, High Intensity Discharge Lamps (HID), Light Emitting Diodes (LED) Lights and Lamps), by Application (Residential, Commercial, Industrial, Outdoor ), by Control Systems (Smartphone Enabled, Daylight Sensing Technology, Proximity Sensing Technology, Others), by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)" View detailed Research Report here - https://www.vantagemarketresearch.com/press-release/smart-lighting-control-systems-market-775522
Recent Developments:
March 2021: Hubbell Control Solutions announced the launch of a new and improved NX Distributed Intelligence Lighting Control Panel (NXP2 Series) that centralizes connection points in an enclosure, providing an installer-friendly solution that reduces time and costs to deploy code compliant lighting control.
March 2021: Hubbell Lighting announced its partnership with Light AZ, a luminaire manufacturing company with headquarters in Illinois, US.
March 2021: Leviton announced a new line of Decora Motion Sensors designed to provide users optimal management of lighting and motor loads with enhanced detection functionality for accurate switching.
Key questions answered in the report:
- Which regional market will show the highest and rapid growth?
- Which are the top five players of the Smart Lighting Control Systems Market?
- How will the Smart Lighting Control Systems Market change in the upcoming six years?
- Which application and product will take a lion’s share of the Smart Lighting Control Systems Market?
- What is the Smart Lighting Control Systems market drivers and restrictions?
- What will be the CAGR and size of the Smart Lighting Control Systems Market throughout the forecast period?
This market titled “Smart Lighting Control Systems Market” will cover exclusive information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others as mentioned below:
| Parameter | Details |
| Market Size Provided for Years | 2016-2028 |
| Base Year | 2021 |
| Historic Years | 2016-2020 |
| Forecast Years | 2022-2028 |
| Segments Covered |
|
| Region & Counties Covered |
|
| Companies Covered |
|
| Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis |
Customization of the Report:
The report can be customized as per client needs or requirements. For any queries, you can contact us on sales@vantagemarketresearch.com or +1 (202) 380-9727. Our sales executives will be happy to understand your needs and provide you with the most suitable reports.
Download Free Sample Report Now @ https://www.vantagemarketresearch.com/smart-lighting-control-systems-market-1469/request-sample
Browse More Related Report:
- USB Flash Drive Market:- https://www.vantagemarketresearch.com/industry-report/usb-flash-drive-market-1465
- Content Delivery Network Market:- https://www.vantagemarketresearch.com/industry-report/content-delivery-network-market-1442
- Live Streaming Market:- https://www.vantagemarketresearch.com/industry-report/live-streaming-market-1412
- Networking Equipment Market:- https://www.vantagemarketresearch.com/industry-report/networking-equipment-market-0915
- Top Companies in the Smart Lighting Control Systems Market:- https://v-mr.biz/smart-lighting-control-system
About Vantage Market Research:
We, at Vantage Market Research, provide quantified B2B high quality research on more than 20,000 emerging markets, in turn, helping our clients map out constellation of opportunities for their businesses. We, as a competitive intelligence market research and consulting firm provide end to end solutions to our client enterprises to meet their crucial business objectives. Our clientele base spans across 70% of Global Fortune 500 companies. The company provides high quality data and market research services. The company serves various enterprises and clients in a wide variety of industries. The company offers detailed reports on multiple industries including Chemical Materials and Energy, Food and Beverages, Healthcare Technology, etc. The company’s experienced team of Analysts, Researchers, and Consultants use proprietary data sources and numerous statistical tools and techniques to gather and analyse information.
Follow Us on LinkedIn: https://www.linkedin.com/company/vantage-market-research/
Follow Us on Twitter: https://twitter.com/vantagemarketr
Contact us
Eric Kunz
6218 Georgia Avenue NW Ste 1 - 564
Washington DC 20011-5125
United States Tel: +1 202 380 9727
Email: sales@vantagemarketresearch.com
Website: https://www.vantagemarketresearch.com/
Latest Vantage Market Research Press Releases @ https://www.vantagemarketresearch.com/insight/press-releases
Latest Vantage Market Research Blog @ https://www.vantagemarketresearch.com/insight/blogs
Blog:
- https://bwsc.kr/
- https://makitirapide.com/
- https://www.globalresearchwire.com/
- https://marketstrades.com/
- https://v-mr.biz/
