Press release
Led Lighting Controllers Market Growth, Size, Trends and Regional Forecast from 2017-2025
The research report on the global LED lighting controllers market states that the global market is projected to soar at a stellar CAGR of 17.4% during the forecast period to reach a valuation of above US$ 5 Bn by 2025 end from a value of around US$ 1,400 Mn in 2017.To understand the various aspects of the global LED lighting controllers market, Persistence Market Research recently conducted a research study on LED controllers across the globe and has presented all insights in a research publication titled “LED Lighting Controllers Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)”. Several facets of the global market are analyzed across the key regions of North America, Latin America, Europe, Asia Pacific (APAC) and Middle East and Africa (MEA). This reflects an all-inclusive angle of the research with which a realistic picture of the entire market can be drawn. Weighted market segmentation along with extensive analysis on various segments of the global LED lighting controllers market is presented in a systematic and orderly format.
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Several drivers fuelling the growth of the global LED lighting controllers market include rapid development of smart lighting infrastructure, increased adoption of smart lighting solutions in real estate, increasing partnerships with government authorities, various benefits of LED lighting controllers, growing demand for better lighting infrastructure, increasing lighting projects worldwide, increasing green building projects, rising demand for LED lighting controllers in the night club industry, growing applications of lighting solutions in the healthcare industry, increased government spending on smart city projects, rising inclination towards adoption of smart technology products, growing smart street lighting projects, favorable government initiatives and rising adoption of LED lighting controllers in retail stores.
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Challenges faced by wireless lighting control systems such as high maintenance and periodic battery change, less awareness about modern and smart lighting fixtures, challenges associated with centralized lighting control systems and high installation costs are hindering the growth of the global market for LED lighting controllers.
The report includes details on key companies operating in the global market. Profiles of companies such as Hubbell Lighting, Inc., GE Lighting, LLC, OSRAM Licht AG, Royal Philips NV, Acuity Brands Lighting, Inc., Eaton Corporation, Schneider Electric S.E, Honeywell International, Lutron Electronics and CREE, Inc., are included in this research study.
Read Report @ https://www.persistencemarketresearch.com/market-research/led-lighting-controllers-market.asp
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Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.
PMR stands committed to bringing more accuracy and speed to clients’ business decisions. From ready-to-purchase market research reports to customized research solutions, PMR’s engagement models are highly flexible without compromising on its deep-seated research values.
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