The [FURL=https://www.industryarc.com/Research/Light-Meter-Market-Research-505422?utm_source=Briefingwire&utm_medium=Pressrelease&utm_campaign=Paidpressrelease]Light Meter Market[/FURL] is forecast to reach $420.1 million by 2026, growing at a CAGR of 6.9% from 2021 to 2026. The Light Meter Market is estimated to witness sustainable growth over the forecast period majorly because of the rapid installation of different light meters at workplaces due to rise in safety concerns. Moreover, with the ongoing governmental regulations in global market for deploying energy-efficient lightings such as LED lightings, which tend to create a major impact in the rapid adoption of LED light meters. These light meters are capable to measure ambient, conventional lights apart from the LED lighting types. Light meter plays a very important role in various photography and cinematography applications to understand shutter speed. The photography industry offers potential growth for the Light Meter market because of the various benefits it offers.
Key Takeaways
The Light Meter Market is estimated to witness a sustainable growth over the forecast period because of the rapid installation of different light meters at workplaces due to rise in safety concerns.
A major factor responsible for the growth of Light Meter Market is the various features it offers to the photography and cinematography industry such as analog calculators primarily in UV Light Meters
In addition, due to the ongoing governmental regulations in global market for deploying energy-efficient lightings such as LED lightings, which tend to create a major impact in the rapid adoption of LED light meters in different sectors tend to propel its market growth.
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Light Meter Market Segment Analysis - By Geography
Asia-Pacific accounts for being the highest market share at 32.5% in 2020 among all the regions. The market growth in this region is predominantly rising due to leading economies such as China, India, Japan and Others. As Asia-Pacific region holds the largest market for consumer electronics in global market, the technical advancements of different electronics are more efficient than other regions. With the presence of leading Light Meter manufacturers in Asia-Pacific region, the scope for market growth is major in this region. The market in North America is expected to account for second-highest share in terms of revenue in the forecast period. Market in Asia-Pacific is anticipated to register high growth in terms of revenue over the forecast period.
Light Meter Market Drivers
Rise in safety concerns at workplace and application at sports fields drives market growth
Increasing demand of Light meters in Photography and Cinematography sector
major companies such as Konica Minolta Sensing Americas, FLIR Systems, Sekonic, Testo SE, Hioki, Amprobe, KERN & SOHN, B&K Precision, Line Seiki, PCE Deutschland, Hanna Instruments and ATP Instrumentation.
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