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Global intelligent lighting control systems market forecast to 2022 illuminated by new report

In this report, the global Intelligent Lighting Control Systems market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.

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This report focuses on the Global Intelligent Lighting Control Systems market, especially in United States, EU, China, Japan, South Korea, Taiwan. This report categorizes the market based on manufacturers, regions, type and application.

Lighting control system is an intelligent network based electronic system with an ability to regulate or control the quality, level or pattern of lighting as per the user requirement. This system consists of different sensors, input and output devices, communication system and one or more central processing unit.

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By the time, normal switches have been used to control lighting. These switches work in two conditions either on or off, this means irrespective of surroundings requirement it gives exact same amount of light all the time, but on the flip side by using intelligent lighting system, user can change intensity of light, its color, and pattern of light and this improves user experience as well as helps to save the electricity.

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There are various factors driving the growth of global Intelligent lighting control market such as the advantages provided by Intelligent lighting control system over the traditional switch operated lighting systems;  it is more economic and energy efficient, it provides better experience to the users as compare to the traditional lighting system, other drivers include robust demand from the residential sectors, declining price of light emitting diode source of light gives rise to the adoption of intelligent lighting control system, also the government favorable policies to use LED lighting instead of other luminaries are driving the growth of global intelligent lighting control market.  On the other side, there are some factors which are responsible to hinder the growth of global intelligent lighting control market, one of them is the lack of knowledge regarding the installation cost of whole intelligent lighting control system and payback period of the same.

The market report includes a thorough analysis of the market trends and size, along with market estimation based on key geographical regions. Inculcating detailed financial analysis of key players in the market, the report provides individual SWOT analysis of each company.

Some of the key players analyzed in the report are General Electric Company, Siemens, Koninklijke Philips N.V, Belkin International, Inc., Eaton Corporation, Lightwave PLC, Elgato Systems, LiFI Labs, Inc., Honeywell International, Inc., Lutron Electronics Company, Inc., Acuity Brands Lighting, Inc.

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Based on product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into:

Fluorescent Lamps and Compact Fluorescent Lamps, High Intensity Discharge Lamps (HID), Light Emitting Diodes (LED) Lights and Lamps

On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Intelligent Lighting Control Systems for each application, including:

 Residential, Commercial, Industrial

Report Highlights:

Detailed overview of parent market

Changing market dynamics of the industry

In-depth market segmentation

Historical, current and projected market size in terms of volume and value

Recent industry trends and developments

Competitive landscape

Strategies of key players and product offerings

Potential and niche segments/regions exhibiting promising growth

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