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Jul 17, 2017 1:20 PM ET

Lighting Control System Market to Reach $38.6 Billion by 2023: Key Players are General Electric, Philips Lighting NV, Eaton Corporation, Legrand S.A, OSRAM Licht AG & Acuity Brands

iCrowdNewswire - Jul 17, 2017

The “Lighting Control System Market – Global Forecast to 2023” report has been added to Research and Markets’ offering.

The lighting control system market, is expected to grow from USD 12.22 Billion in 2016 to USD 38.67 Billion by 2023, at a CAGR of 17.82% between 2017 and 2023. Requirement of energy efficient lighting control systems and increasing adoption of Internet of Things (IoT) in lighting industry to drive the growth of the lighting control system market

The acceptance of standard protocols for lighting control and modernization and infrastructure development are the major factors that drive the growth of the lighting control system market. The major restraining factors for the growth of lighting control system market include the perception of higher cost of installations and limited awareness about payback periods, and security and privacy issues in IoT-based lighting systems.

Lighting as a service is defined broadly as the third-party management of lighting systems, which may include additional technical, maintenance, financial, or other services. Lighting as a service solves the problem of paying a large lump sum money for a lighting retrofit. The growth of the service segment is mainly propelled by the use of lighting services for cost savings, along with the purpose of energy conservation and ecologically safe option.

Companies Mentioned

– Acuity Brands, Inc.
– Amerlux (Us)
– Aura Light (Sweden)
– Cree Inc.
– Digital Lumens, Inc.
– Douglas Lighting Controls (Canada)
– Eaton Corporation Plc
– Echelon Corporation
– Etap Lighting (Belgium)
– General Electric Company
– Hubbell Incorporated (Us)
– Isotera
– Ketra
– Legrand S.A.
– Leviton Manufacturing Company, Inc.
– Lifx
– Lightronics (Us)
– Lightwaverf Plc
– Lsi Industries Inc. (Us)
– Lutron Electronics Co. Inc.
– Others

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Lighting Control And Management System Market, By Installation Type

8 Lighting Control And Management System Market, By Offering

9 Lighting Control And Management System Market, By Application

10 Lighting Control And Management System Market, By Communication Protocol

11 Geographic Analysis

12 Competitive Landscape

13 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/c424l3/lighting_control

Contact Information:

Research and Markets,
Laura Wood,
Senior Manager.
Fax from USA: 646-607-1907
Fax from rest of the world: +353-1-481-1716
Related Topics: Industrial Automation (https://www.researchandmarkets.com/categories.asp?cat_id=562&campaign_id=c424l3)

Via iCrowdNewswire
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