Market Overview

Global Light Management System Market 2018-2022 | Rise in Home Automation to Promote Growth | Technavio

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The global light management system market is expected to post a CAGR of
close to 14% during the period 2018-2022, according to the latest
market research report by Technavio.

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Technavio has published a new market research report on the global light management system market fr ...

Technavio has published a new market research report on the global light management system market from 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is the increasing adoption
of energy-efficient light sources. The rising awareness regarding energy
crisis has led to an increase in the adoption of light management
systems. Lighting requires a high amount of energy. Therefore, there is
a requirement of efficient light sources and controls, which can reduce
energy consumption.

This market research report on the global
light management system market 2018-2022
also provides an
analysis of the most important trends expected to impact the market
outlook during the forecast period. Technavio classifies an emerging
trend as a major factor that has the potential to significantly impact
the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time
only:
View
market snapshot before purchasing

In this report, Technavio highlights the rise in home automation as one
of the key emerging trends in the global light management system market:

Global light management system market: Rise in
home automation

Home automation systems control the lighting, entertainment systems,
appliances, and climate of a building. Additionally, they may include
home security systems such as access control and alarm systems. Owing to
factors including substantial advances in the IoT industry, the
preference of smart homes will increase, fueling the adoption of home
automation systems.

"Light management systems play an important role in smart homes.
Sensor-based automated control systems have sensors, which are usually
used to control lighting depending on room occupancy and the levels of
ambient light,"
says a senior analyst at Technavio for research on
semiconductor equipment.

Global light management system market:
Segmentation analysis

This market research report segments the global light management system
market by end-user (residential and commercial), by type (analog light
management systems and digital light management systems), and geography
(the Americas, APAC, and EMEA).

The residential segment held the largest market share in 2017,
accounting for nearly 57% of the market. This end-user segment is
expected to dominate the global market throughout the forecast period.

The Americas led the market in 2017 with approximately 46% of the market
share, followed by EMEA and APAC respectively. The market share of the
Americas is anticipated to increase by almost 2% by 2022.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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