Future Market Insights
The global LED lighting controllers market is likely to witness a substantial growth due to rapid industrialization and automation. Surging demand regarding low power-consuming lighting system in industrial, commercial, and residential sectors, reduced costs of LEDs, and growing issues regarding reduced use of non-renewable energy sources are estimated to contribute in growth of LED lighting controllers market in the future.
Low Energy Consumption to Stimulate Demand in Global market
Owing to increase in penetration towards Smart and Decorative Lighting Fixture and a lot of ongoing lighting projects, the market for LED lighting controllers is expected to show a healthy double digit CAGR for the LED lighting controllers market in the near future. The integration of LED lighting controllers with sensors to develop intelligent LED lighting controllers adds up to luxuries when the light can be controlled according to the need. LED lighting controllers switch off LEDs when not in use while work at full capacity when needed and also get dimmed according to the requirement. While the traditional lights could only be switched ON and OFF, the LED lighting controllers help provide various effects according to the environment. All these provisions pertaining to LED lighting controllers while adding up to luxuries also help us save a lot of energy.
Global Market of LED Lighting Controllers: Drivers and Restraint
Increasing Demand for decorative lighting fixtures and Green Building Projects are the primary factors driving the growth of LED lighting controllers market. Governments of nearly every region are focusing on developing energy-efficient infrastructure thereby stepping towards reducing energy consumption and carbon foot prints, due to which surge in green building projects can be anticipated to drive the growth of LED lighting controllers in the residential and commercial sector during the forecast period. So the growth in LED lighting controllers market can be attributed to energy saving features of LED lighting, as average LED lamp consumes 80% less power than the traditional incandescent lamps.
Also the without lighting and decoration any construction cannot be completed and a lack of good lighting and decoration can make a beautifully constructed infrastructure look worse, making them two basic assets of any construction. In order to decorate house, office, architectural building & monument, theatres, marriage halls and all the commercial buildings, fanciful LED lighting controllers are gaining popularity in the market, owing to which adoption of LED lighting controllers is anticipated to increase in forth coming years.
However, factors such as lack of proper installation and High installation cost can thwart the LED lighting controllers market growth in emerging economies while the LED lighting controllers still are expected to witness high demands in the developed regions owing to the myriad of advantages they provide.
Global Market of LED Lighting Controllers: Segmentation
Segmentation on basis of Type:
The LED Lighting Controllers services can be segmented into:
Wired LED Lighting Controller
Wireless LED Lighting Controller
Segmentation on basis of End-user:
The major segments of end-user in LED lighting controllersmarket include: Residential, Commercial, Manufacture and Industry and Public Spaces.
Segmentation on basis of regions:
The LED Lighting Controllers market is sub-segmented into 7 key regions- North America, Latin America, East Europe, West Europe, Asia-Pacific excluding Japan, Japan and Middle East & Africa.
The LED lighting controllers in Europe is the leading revenue controller in the world and is expected to show an elevated CAGR in the near future due to the rising use of LEDs in various fields. Also, government initiatives and regulations, being the primary factors are expected to drive the market growth in North America followed by Asia Pacific.
Global Market of LED Lighting Controllers: Key Players
Acuity Brands, Hubbell Control Solutions, Philips Lighting, Lutron Electronics, Leviton, OSRAM, Cooper Controls (Eaton) and ABBare some of the key players in the LED Lighting Controllers market.
Other emerging players in LED lighting controllersmarket include: Cree, GE Lighting, LSI Industries, Synapse Wireless, Echelon Corporation, HUNT Dimming, Lightronics, LTECH, Douglas Lighting Controls and Gardasoft.
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
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