Lighting Controllers Market 2022
As per the assessment of Persistence Market Research, the global lighting controllers market was estimated to be valued at nearly US$ 4,800 Mn in 2017 and is anticipated to touch a of nearly US$ 17,400 Mn in 2027 and in the process exhibit a CAGR of 17.6% during the period of forecast 2017-2027.
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Persistence Market Research presents a new report titled ‘Lighting Controllers Market: Global Industry Analysis 2012 – 2016 and Forecast 2017 – 2027’ that studies the performance of the global lighting controllers market over an eight year assessment period from 2017 to 2027. The report presents the value forecast of the global lighting controllers market and provides important insights into the factors driving market growth as well as the factors restricting market growth.
Key Players:
The report has profiled some of the Important players prevalent in the global like – Hubbell, GE Lighting, LLC, OSRAM Licht AG, Philips Lighting Holding B.V., Acuity Brands Lighting, Inc., Eaton Corporation, Schneider Electric S.E., Honeywell International, Lutron Electronics and CREE, INC and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Lighting Controllers. .
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Government Spending on Smart City Projects in the APAC Region Boosting Revenue Growth of the Lighting Controllers Market
The governments in emerging economies such as China and India are focusing on developing smart cities by changing the existing infrastructure, such as old incandescent bulbs and outdated communication systems, and are installing new technologies such as embedded and connected lighting fixtures to impart better living standards to the people. Also, government spending on smart city management services such as road monitoring applications, environment, light sensing, and advanced energy saving is the primary factor which is fueling the growth of the lighting controllers market. For example, in April 2017, the Indian government announced plans to invest in the smart cities initiative. The Indian government has already allocated over US$ 2.3 Bn to this project in the last two budgets.
Global Lighting Controllers Market: Segmentation and Forecast
The global lighting controllers market is segmented on the basis of technology, application and region.
- By technology, the sensor segment was estimated to be valued at nearly US$ 1,400 Mn in 2017 and is expected to reach a valuation of nearly US$ 4,700 Mn in 2027, witnessing significant growth during the forecast period.
- By application, the commercial segment was estimated to be valued at nearly US$ 2,000 Mn in 2017 and is anticipated to register a CAGR of 17.0% during the period of forecast.
- By region, the Asia Pacific lighting controllers market was estimated to be valued at nearly US$ 1,550 Mn in 2017 and is likely to reach a valuation of nearly US$ 6,000 Mn in 2027, reflecting a CAGR of 18.5% during the period of assessment.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Lighting Controllers Market Manufacturers
Lighting Controllers Market Distributors/Traders/Wholesalers
Lighting Controllers Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Key Questions Answered in the Lighting Controllers Market Report
How is the Lighting Controllers Market expected to grow over the projected period?
What direction is the Lighting Controllers Market expected to take in terms of volume and value during the forecast period?
What is the impact of macroeconomic factors on the Lighting Controllers Market in future?
What are the key market drivers in the Lighting Controllers Market?
What are significant opportunities and improvement areas for Lighting Controllers Market manufacturers?
What are the key developments and trends taking over the Lighting Controllers Market?
Which are the emerging countries that are expected to create significant growth opportunities in the Lighting Controllers Market?
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