-- Allied Market Research (USA, Oregon, Portland) Published Latest Report titled, “Intelligent Lighting Controls Market by Type (Sensors, Ballasts & LED Drivers, Microcontrollers, Dimmers & Switch Actuators, Transmitters & Receivers, and Others),Connectivity Type (Wired and Wireless),and Application (Smart Cities, Automotive, Manufacturing, Media & Entertainment, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027”.
This market research study determines the increase in changes and the aspects which are likely to have an impact on the growth of the intelligent lighting controls market. Increased demand for the technologies is also one of the factors, which are likely to boost the growth of this industry. The market research study uses several tools and techniques which are used for the determination of the growth of the intelligent lighting controls market.
“The global intelligent lighting controls market was valued at $7.49 billion in 2019, and is projected to reach $26.06 billion by 2027, registering a CAGR of 17.4% from 2020 to 2027.”
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Intelligent lighting controls Market Competitive Analysis:
Top 10 players in this industry profiled in the report includes Acuity Brands, Cisco, Cree, Inc., Eaton, GE Lighting, Honeywell, OSRAM, Panasonic Corporation, Philips, and Siemens.These players have adopted various strategies including expansions, mergers & acquisitions, joint ventures, new product launches, and collaborations to gain a strong position in the industry.
COVID-19 Impact on the Intelligent lighting controls Market:
Intelligent lighting controls market research report provides an overview of the industry based on key parameters such as market size, sales, sales analysis and key drivers. The market size of the market is expected to grow on a large scale during the forecast period (2020-2027).
COVID-19 Scenario Analysis:
Global intelligent lighting controls market has been significantly impacted by the COVID-19 outbreak. New projects throughout the world have stalled, which, in turn, have led to decline in demand for the market.
Global factories have struggled to integrate new products as workers have stayed in their homes, which disrupted the global supply chains.
The impact of COVID-19 on this market is temporary as just the production and supply chain is stalled. Once the situation improves, production, supply chains, and demand for hybrid chips are gradually going to increase.
This COVID-19 lockdown would help companies think about more advanced intelligent lighting controls to enhance efficiency.
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One of the methods for the determination of the growth of the market is the increased use of the statistical tools, which is used for the estimation of the growth of the market for the estimated forecast period. SWOT analysis is one of the methods for the determination of the growth of the intelligent lighting controls market. These tools are also used for the determination of the major players for the growth of the market for the estimated forecast period.
This report focuses and highlights the strategies and the trends, in which the manufacturer and the company is likely to move. The research study is also known to provide in depth analysis of the reports which is one of the key aspects for the growth of the intelligent lighting controls market.
The study covers the production, sales, and revenue of various top players in the intelligent lighting controls market, therefore enabling customers to achieve thorough information of the competition and henceforth plan accordingly to challenge them head on and grasp the maximum market share. This report is filled with significant statistics and information for the consumers to attain in-depth data of the intelligent lighting controls market growth.
The research offers a detailed segmentation of the global intelligent lighting controls market. Key segments analysed in the research include ss. Extensive analysis of sales, revenue, growth rate, and market share of each segment for the historic period and the forecast period is offered with the help of tables.
Intelligent lighting controls Market Key Segments and Sub Segment Includes:
By Type
Sensors
Ballasts & LED Drivers
Microcontrollers
Dimmers & Switch Actuators
Transmitters & Receivers
Others
By Connectivity Type
Wired
Wireless
By Application
Smart Cities
Automotive
Manufacturing
Media & Entertainment
Others
Based on connectivity type, the wired segment accounted for the highest market share with nearly three-fourths of the total share in 2019, and is expected to maintain its leadership status during the forecast period. However, the wireless segment is estimated to grow at the fastest CAGR of 18.9% from 2020 to 2027.
Based on application, the smart cities segment accounted for the largest share with more than one-fourth of the global intelligent lighting controls market share in 2019, and is estimated to maintain its dominant share by 2026. Moreover, this segment is expected to witness the fastest CAGR of 19.2% from 2020 to 2027. The report also analyzes segments including automotive, media & entertainment, manufacturing, and others.
The intelligent lighting controls market is analysed based on regions and competitive landscape in each region is mentioned. Regions discussed in the study include North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). These insights help to devise strategies and create new opportunities to achieve exceptional results.
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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