COVID19:Global Lighting Management System Market is estimated to reach USD 26.8 Billion by 2025
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Lighting Management System Market: Summary
The Global Lighting Management System Market is estimated to reach USD 26.8 Billion by 2025 at a CAGR of 13.1%, says forencis research (FSR).
Light management system is basically an exhaustive intelligent network-based system which helps in controlling lighting network in a specified premise. It is an ideal network of user interfaces, control units, various sensors, and electronic control gears. The system provides lighting control, records, and monitors lighting status in the premise and also gives an interface with other utilities on the premise. The system is used for indoor and outdoor lighting in residential, commercial and industrial sectors.
Lighting Management System Market: Drivers & Challenges
Market Drivers:
- Increasing Adoption of Smart technologies in Energy Sector
Energy is an indispensable part of daily requirements worldwide. The growing dependency on energy is creating an alarming need to save it also. Smart technologies like information and communication technologies (ICT) and internet of things (IoT) amongst others are getting adopted globally by energy users who are interested in achieving cost-effective energy savings. Implementing light management system helps in achieving this target as this platform enables the user to access control over the whole lighting network through a web-based dashboard or a cloud-based application.
Thus, the increasing adoption of smart technologies in the energy sector can be a factor in the growth of the lighting management system market, during the forecast period.
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Market Challenges:
- Data Security Concern
Lighting management system connects the network of lightings through wires or wireless and being network connected there can be a risk of cyber-attacks. Many components of lighting equipment have internet protocol (IP) address and in coming future the number is expected to increase at a faster pace. This increases the chances of breaching into the system and hacking data. The potential form of cyber-attack on these connected systems includes vectoring, distributed denial of service, sniffing, and privacy concerns.
Thus, data security concerns can be challenging for the growth of the lighting management system market, during the forecast period.
Lighting Management System Market: Key Segments
- Component segment comprises of: Hardware, Software and
- Connectivity type segment comprises of: Wired and Wireless.
- Function segment comprises of: Switching, Occupancy, Dimming, Daylight, Energy Consumption Management, and Others.
- End User segment comprises of: Indoor and
- Regional segmentation comprises of: North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis.
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Lighting Management System Market: Report Scope
The report on the lighting management system market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features
Specifics
Historical/Estimated/Forecasted Market Size Years
2018–2025
Base Year for Market Calculation
2019
Forecasted Period
2020–2025 (2020 estimated year, forecasted up to 2025)
Measured Units
Value (USD Million)
Segments Included
Component, Connectivity Type, Function, End User and Region
Regional Coverage
Asia-Pacific, Europe, Middle East and Africa, South Africa and North America
Key Companies Covered
- OSRAM GmbH (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- Schneider Electric
- Signify Holding
- WAGO
- Lutron Electronics Co.
- GENERAL ELECTRIC
- Siemens
- Eaton
- ACUITY BRANDS LIGHTING, INC.
- Legrand
- Other Key Companies
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Lighting Management System Market: Report Segmentation
For the scope of the report, In-depth segmentation is offered by Forencis Research
Lighting management system Market, by Component
- Hardware
- Sensors
- Transmitters
- Controllers
- Others
- Software
- Web Based
- Cloud Based
- Services
Lighting management system Market, by Connectivity Type
- Wired
- Wireless
- Bluetooth
- ZigBee
- Power over Ethernet (PoE)
- Others
Lighting management system Market, by Function
- Switching
- Occupancy
- Dimming
- Daylight
- Energy Consumption Measurement
- Others
Lighting management system Market, by End User
- Indoor
- Residential
- Commercial
- Industrial
- Outdoor
- Street Lighting
- Highways and Roadways
- Others
Lighting management system Market, by Region
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Norway
- Rest of Europe
- Middle East & Africa
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
- South America
- Brazil
- Argentina
- Rest of South America
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Table of Content
1 Introduction
2 Research Design & Scope
3 Executive Summary
4 Market Dynamics
5 Industry Trends — Porters Five Forces Analysis
6 GLOBAL LIGHTING MANAGEMENT SYSTEM MARKET BY COMPONENT, Market Size in USD Million (2018–2025)
7 GLOBAL LIGHTING MANAGEMENT SYSTEM MARKET BY CONNECTIVITY TYPE, Market Size in USD Million (2018–2025)
8 GLOBAL LIGHTING MANAGEMENT SYSTEM MARKET BY FUNCTION, Market Size in USD Million (2018–2025)
9 GLOBAL LIGHTING MANAGEMENT SYSTEM MARKET BY END USER, Market Size in USD Million (2018–2025)
10 Competitive Landscape
11 Company Profiles
12 Appendix
About Forencis Research
Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.
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