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. OSRAM GmbH, Schneider Electric, Signify Holding, WAGO, Lutron Electronics Co, GENERAL ELECTRIC, Siemens, Eaton, ACUITY BRANDS LIGHTING, INC, Legrand And Other Key Companies.
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Lighting Management System Market: Drivers & Challenges
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.
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.
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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.
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.
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Key Companies Covered
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
- Web Based
- Cloud Based
Lighting management system Market, by Connectivity Type
- Power over Ethernet (PoE)
Lighting management system Market, by Function
- Energy Consumption Measurement
Lighting management system Market, by End User
- Street Lighting
- Highways and Roadways
Lighting management system Market, by Region
- South Korea
- Rest of Asia-Pacific
- Rest of Europe
Middle East & Africa
- Saudi Arabia
- Rest of Middle East & Africa
- Rest of South America
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About Forencis Research
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