Owing to increase in penetration towards Smart and Decorative Lighting Fixture and a lot of ongoing lighting projects, the market for LED lighting controllers is expected to show a healthy double digit CAGR for the LED lighting controllers market in the near future.
The integration of LED lighting controllers with sensors to develop intelligent LED lighting controllers adds up to luxuries when the light can be controlled according to the need. LED lighting controllers switch off LEDs when not in use while work at full capacity when needed and also get dimmed according to the requirement.
While the traditional lights could only be switched ON and OFF, the LED lighting controllers help provide various effects according to the environment. All these provisions pertaining to LED lighting controllers while adding up to luxuries also help us save a lot of energy.
Increasing Demand for decorative lighting fixtures and Green Building Projects are the primary factors driving the growth of LED lighting controllers market. Governments of nearly every region are focusing on developing energy-efficient infrastructure thereby stepping towards reducing energy consumption and carbon foot prints, due to which surge in green building projects can be anticipated to drive the growth of LED lighting controllers in the residential and commercial sector during the forecast period.
So the growth in LED lighting controllers market can be attributed to energy saving features of LED lighting, as average LED lamp consumes 80% less power than the traditional incandescent lamps.
Also the without lighting and decoration any construction cannot be completed and a lack of good lighting and decoration can make a beautifully constructed infrastructure look worse, making them two basic assets of any construction.
In order to decorate house, office, architectural building & monument, theatres, marriage halls and all the commercial buildings, fanciful LED lighting controllers are gaining popularity in the market, owing to which adoption of LED lighting controllers is anticipated to increase in forth coming years.
However, factors such as lack of proper installation and High installation cost can thwart the LED lighting controllers market growth in emerging economies while the LED lighting controllers still are expected to witness high demands in the developed regions owing to the myriad of advantages they provide.
The LED lighting controllers in Europe is the leading revenue controller in the world and is expected to show an elevated CAGR in the near future due to the rising use of LEDs in various fields. Also, government initiatives and regulations, being the primary factors are expected to drive the market growth in North America followed by Asia Pacific.
Acuity Brands, Hubbell Control Solutions, Philips Lighting, Lutron Electronics, Leviton, OSRAM, Cooper Controls (Eaton) and ABBare some of the key players in the LED Lighting Controllers market.
Other emerging players in LED lighting controllersmarket include: Cree, GE Lighting, LSI Industries, Synapse Wireless, Echelon Corporation, HUNT Dimming, Lightronics, LTECH, Douglas Lighting Controls and Gardasoft.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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LED Lighting Controllers Market
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