Increasing usage and implementation of Internet of Things (IoT) and its integration with various phones and devices is also expected to provide a boost to the market for smart lighting and control system.
Market Research HUB has added a new report titled "Global Smart Lighting and Control Systems Market Size,Status and Forecast 2025" to its vast collection of market reports. The competitive landscape of the market for smart lighting and control systems market is quite a consolidated one marked with the presence of few large players, according to a report published by Transparency market research.
It is revealed in the report that the three leading players of the market account for 47.53% of the total market share. The three leading key players in the global smart lighting and control systems market are Acuity Brands Lighting, Inc., General Electric Company, and Koninklijke Philips N.V.
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The major players are now shifting their focus on research and development of smart lighting and control systems to obtain upper hand and stay ahead in the competition. These leading companies are also emphasizing on the expansion of their geographical reach through associations with local players.
Government Initiatives Coupled with Concerns over the Environment are Expected to Trigger the Market
More and more people are becoming aware about the importance of energy conservation and energy efficient smart consumer electronics against the backdrop of rising concern about global warming and carbon emissions. The adverse effects of greenhouse emissions on the environment and the human beings as a whole are worrying people more these days.
With more programs and campaigns on the need to conserve energy, people are becoming increasingly aware about the need to use smart lighting and control systems. As such, various commercial, industrial, and other sectors are adopting smart lighting and control systems.
These initiatives are further supported by governments worldwide who are taking every measure to contain the harmful effects of the regular lights that we use widely.
The usage of smart devices is an upward trend, as such it has it has sparked substantial demand for smart lighting solutions. These days, smart lighting systems come with a lot of automated control that can be controlled remotely through smart devices.
These lightings are used in commercial, industrial and residential sectors. The market is anticipated to gain momentum from the fact that there has been a substantial increase in the consumption of electricity across various sectors.
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This report studies the global Smart Lighting and Control Systems market, analyzes and researches the Smart Lighting and Control Systems development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like
Eaton CorporationThe U.S)
Acuity BrandsThe U.S)
Honeywell InternationalThe U.S)
Lutron ElectronicsThe U.S)
General Electric CompanyThe U.S)
Koninklijke Philips NVNetherlands)
Belkin InternationalThe U.S)
Market segment by Regions/Countries, this report covers
Market segment by Type, the product can be split into
Smartphone Enabled Technology
Daylight Sensing Technology
Proximity Sensing Technology
Market segment by Application, Smart Lighting and Control Systems can be split into
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