The global market for indoor lighting management can touch an approximate valuation of USD 17 Billion by 2023, believes Market Research Future (MRFR). MRFR also reveals that the market has the potential to record a striking growth rate of 19% during the forecast period (2017-2023).

Regional Analysis

The geographical analysis of the worldwide [FURL=https://www.marketresearchfuture.com/reports/indoor-lighting-management-market-3852]Indoor Lighting Management Industry[/FURL] has been conducted by MRFR experts for Asia Pacific (APAC), Europe, North America, and the Rest of the World (RoW).

North America steals the limelight with the largest share in the indoor lighting management market, thanks to high disposable income of people among others. Robust demand for ambient lighting also induces market growth in the region. High number of infrastructure activities across various industries has led the indoor lighting management market to greater heights in recent years. In addition to the strong demand for ambient lighting, strict energy efficiency regulations in the region also boost market demand.

APAC is set to note remarkable growth in the near future, given the surge in the number of infrastructure building activities. These activities are in full swing in China, wherein lighting control systems are leading to modernization of infrastructure. On top of this, growing awareness about the efficiency of connected lighting systems in emerging nations like India and Taiwan is resulting in significant cost savings backed by optimal energy consumption. India is touted to be the market with high potential among domestic and international manufacturers.

Emerging trends that directly influences the dynamics of the indoor lighting management industry in Europe include accelerated demand for daylight sensors, surge in camera-based lighting control technology, and advancements in hybrid lighting control systems.

Significant Companies

Significant companies in the worldwide indoor lighting management market include General Electric (U.S.), Shenzhen MR LED (China), Ushio Lighting Technologies (Japan), Crompton Greaves (India), Osram Sylvania (U.S.), Koninklijke Philips N.V. (Netherlands), Havells Sylvania (U.K.), Thorn Lighting (U.K.), Osram Licht AG (Germany), Gstar Technology Co. Ltd. (China), to name a few

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