Light Controls Market Size, Industry & Landscape Outlook, Revenue Growth Analysis to 2028
The global light
controls market size was significantly large in 2020, and is expected to continue
to register a rapidly inclining revenue CAGR between 2021 and 2028. Key factors
responsible for driving market revenue growth are increasing advantages of
energy-efficient light bulbs, such as Light Emitting Diode (LED) lights, High
Intensity Discharge (HID) lamps, and Compact Fluorescent Lights (CFL) over
standard light bulbs in terms of power usage and light life.
Intelligent lighting technology has significantly altered the
overall lighting sector in terms of energy and cost savings, as well as better
user safety and convenience. Furthermore, light controls are gaining traction
and are projected to expand significantly in the near future. Besides,
energy-efficient lights come in a wide variety of light settings and colors for
user comfort. These lights are more expensive to install than standard
lighting, as they save a great deal of money over the lifespan of the bulbs.
Due to multiple technological breakthroughs, light controls have seen a
considerable increase in adoption for use in a variety of applications.
Major
Companies Profiled In The Report:
·
Acuity Brands
·
General Electric Company (GE)
·
Echelon
·
Eaton
·
Legrand
·
OSRAM Licht
·
Digital Lumens
·
Lutron Electronics
·
Leviton Manufacturing
·
CREE
·
Lightwave PLC
·
Philips Lighting
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3D scanning technology has recorded significant adoption from
commercial applications. Also, the flexibility of the technology to be
customized to meet the several professional needs in industries has made it
highly popular across the major end-user industries. For example, Light
Controlss are used to model body parts in 3D in the medical sector, which is
further used to create prosthetics. It is also used to facilitate wound healing
and generate several body implants.
By Product
Type Outlook (Revenue, USD Billion; 2018-2028)
·
Hardware
·
LED Drivers
·
Sensors
·
Switches and Dimmers
·
Relay Units
·
Gateways
·
Software
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Key Question
the Report Will Answers
At what rate will the Light Controls Market grow? What will be the
value of the market in 2027?
What are the key technologies driving the Light Controls Market?
What would be the impact of Light Controls across different regions?
What are the strategies adopted by players to enter the APAC
region?
What is the key application of Light Controls in the different
sectors?
What are future growth strategies in the market?
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existent in the market.
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