Lighting Management System Market Scope
The lighting management system is a perfect combination of technologies such as cloud computing, GPRS, internet and power line communication, etc. The emergence of the internet of things in the lighting and energy industry to manage the urban lighting system remotely. A lighting management system helps to make significant contributions to energy conservation propelling the growth of the market. Key players are focused on innovation in the system, for example, Leviton announced an expanded version of the My Leviton app to consolidate control of the Leviton Load Center and Decora Smart™ Wi-Fi product lines which enables users to schedule, monitor and receive notifications in real-time for state-of-the-art residential electrical system management.
The market study is being classified by Type (Daylight Sensors, Occupancy Sensors, Programmable Ballasts, User Interfaces and Others), by Application (Residential, Commercial, Industrial and Others) and major geographies with country level break-up.
The global lighting management system market is fragmented with key players such as Schneider Electric SE, General Electric Corporation, etc. and are mainly focused on the innovation in products and merger and acquisition with other players. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Lighting Management System market throughout the predicted period.
Schneider Electric SE (France), General Electric Corporation (United States), OSRAM Licht AG (Germany), Eaton Corporation (Ireland), Siemens AG (Germany), LG Electronics (South Korea), Legrand (France), Koninklijke Philips N.V (Netherlands), Lutron Electronics Co. Inc (United States) and Leviton Manufacturing Co., Inc.(United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Ideal Industries Inc. (United States) and Honeywell International Inc. (United States).
AdvanceMarketAnalytics has segmented the market of Global Lighting Management System market by Type, Application and Region.
On the basis of geography, the market of Lighting Management System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In Nov 2019, Leviton announced the acquisition of Viscor, Canada’s largest independent lighting manufacturer, which specializes in lighting for architectural, commercial, medical, institutional and industrial applications. This latest acquisition reiterates Leviton’s commitment to strategically expand its lighting and controls product offering., and In April 2019, GE announced that it has completed the sale of it's Current, powered by GE business unit to American Industrial Partners, a New York-based private equity firm focused on buying, improving and growing industrial businesses.
In Sept 2019, Leviton announced a new family of Wireless Structured Media Centers and accessories that create an ideal distribution location for wireless and cabled networks, with an unprecedented range of innovations that make them easy to install, populate, and maintain., and In May 2018, Eaton announced expanded fixtures, controls, and accessories for its Halo Home™ Smart Lighting System, designed to meet safety and lifestyle expectations of today’s homeowners in the growing smart home technology market
- Growing Adoption of IoT in Lighting system
- Growing Modernization And Infrastructural Development in Developing Countries
- Increasing Investment in the Development of Technologies for Energy Saving and Efficiency Globally
- Rising Number of Smart Cities in Emerging Region
- Government Initiative towards Energy Efficiency
- High Initial and Maintenance Cost of Lighting Management System
- The Dearth of Technical Handling Knowledge
Key Target AudienceLighting Management Systems Developer, Lighting Management Systems Third-Party Players, Security Solution Providers, Government Regulatory Bodies, Potential Technology Investors and Others
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