Collaboration with IoT service providers and increasing use of LED lighting to have a positive impact on the global lighting controllers market
In the ever-changing technological world, IoT service providers are playing a significant part. With the continuous advancements in technology, more and more industrial and commercial end-users are opting for IoT services. With the emergence of IoT, the demand for smart and automated home solutions is increasing rapidly, which is expected to serve as a huge optimistic opportunity for the growth of lighting controllers for the industrial and commercial applications. Thus, the collaboration with IoT service providers can help the lighting controller vendors to provide more diversified products with advanced technology.
Rising awareness about energy conservation and utilizing scarce resources are crucial factors which are promoting the adoption of LED lighting and related products. Lighting controller vendors can focus on integrating the advantages of LED’s with automated lighting solutions with features such as day light harvesting, and motion sensors. Thus, an increase in the demand for automated lighting systems is expected to showcase an optimistic growth opportunity for the lighting controller vendors.
Development of smart lighting infrastructure in North America to boost the lighting controllers market
With rapid technological advancements in lighting solutions, the demand for smart lighting solutions is expected to surge in North America. Smart lighting solutions and infrastructure assist in sensing the movement of people and the number of people in the immediate vicinity, and then adjust the lighting accordingly. Also, smart lights are controlled by smartphones, and can be accessible away from the home. These lights offer scheduling, comfort dimming, synchronization with music and are compatible with smart home products such as Apple HomeKit. Such devices can be coordinated through personal assist solutions such as Amazon Alexa. Thus, the development of smart lighting solutions is boosting the growth of the lighting controllers market in the North American region.
Partnership with the government is a lucrative business model for manufacturers of lighting controllers in North America
Over the years it has been observed that the major players located in North America are focusing on extracting government contracts associated with lighting projects such as street lighting and architecture/monument lighting. The objective of extracting government contracts is to get bulk business. Besides, the success of one project may germinate the high possibility of extracting more lighting contracts from the government. For instance, in February 2017, with a partnership with the General Electric Company, the Government of San Diego, U.S., announced a US$ 30 million investment to deploy the smart city IoT sensor platform in order to transform the street lighting of San Diego city into a connected digital infrastructure. This platform collects real-time sensor data across the city that can be used to develop applications that benefit the community.
Global Lighting Controllers Market Analysis and Forecast, By Technology
As per the data provided by Persistence Market Research, the dimmer segment in the technology category was estimated to be valued at nearly US$ 1,170 Mn in 2017 and is anticipated to reach a valuation of nearly US$ 4,310 Mn in 2025, exhibiting a CAGR of 17.7% during the period of assessment 2017-2025. The day-light harvesting segment in the technology category was estimated to be valued at nearly US$ 1,125 Mn in 2017 and is forecasted to reach a valuation of nearly US$ 4,185 Mn in 2025, displaying a CAGR of 17.9% during the period of forecast.
This Persistence Market Research report examines the global lighting controllers market for the period 2017–2025. Lighting controllers are the devices which assists in controlling lights via sensor, and dimmers. It is an intelligent network based lighting control solution that integrates communication between various system inputs and outputs related to lighting control with the use of a central computing device. These controllers are now widely used in commercial, industrial, and residential applications to provide the right amount of light where and when it is needed.
A clear cut report structure for the ease of understanding of this vast market
In order to have an ease of understanding and for the better organization of the report, the report on global lighting controllers market has been divided into four distinct parts. The first part of the report contains the introduction section that contains the executive summary of the report along with the market taxonomy and the definition of lighting controllers. This valuable section of the report also contains information on the value chain analysis of the global lighting controllers market. In addition, the macroeconomic factors affecting the global lighting controllers market along with the opportunity analysis for this market are also provided in this section of the report. In addition, the key regulations operating in the global lighting controllers market are also included in this section of the report.
The second part of the report contains the regional lighting controllers market analysis and the regions are chosen as per the market taxonomy. In this section of the report, the regional market numbers are discussed in great detail along with the regional drivers, restraints and trends affecting the respective regional markets. The last part of the report contains the global lighting controllers market analysis and forecast by application, technology and by region. This section of the report contains important market numbers in the form of market attractiveness index, incremental dollar opportunity and basis point share analysis.
A valuable section of the report focuses on the competitive intelligence aspect of the market
Another part of the report features the competition landscape of the global lighting controllers market and has information on the key players operating in this market. The competition landscape contains detailed information on the important companies operating in the global lighting controllers market in the form of company description, product overview, key developments, strategic overview and key financials of each of the featured companies along with the SWOT analysis of the companies. This competition landscape is a valuable part of the report as it contains all the necessary information to study the leading companies operating in the global lighting controllers market in detail and also reveals how they implement their strategies and vision to stay at top in this highly competitive market.
A robust research methodology for getting the accurate market numbers
Overall market size has been analysed through historical data, primary responses, and public domain data. Revenue of companies in the global lighting controllers market has been benchmarked to ascertain the market size for the base year. Macroeconomic indicators such as GDP and industry growth have been considered to forecast the market size over the forecast period. The historical growth trend of end-use industries, market participants’ performance, as well as the present macro-economic outlook has been taken into consideration for estimating the overall market trend forecast. This data is then validated using the triangulation method and is extensively scrutinised using advanced tools to garner quantitative and qualitative insights into the global lighting controllers market.