New Research: Lucintel Predicts a Bright Future for the Lighting Control Market

Did you know that Lucintel recently published a market research report entitled “Growth Opportunities for the Global Lighting Control Market”?
This market report of lighting control identifies and predicts future opportunities for growth in the Global Lighting Control Market for various segments as well as for various regions such as North America, Europe, Asia Pacific, and the Rest of the World. It also identifies growth opportunities in the residential, commercial, and industrial sectors.
According to Lucintel’s market report, the global lighting control market is expected to reach an estimated $21.1 billion by 2023 with a CAGR of 12% from 2018 to 2023. Some of the dominant players in the global lighting control market are General Electric, Cree Inc., Osram, Philips, and Lutron
There are some interesting developments in global lighting control market as competition heats up and players try to increase their market share. Some of the emerging trends shaping the market dynamics include increasing demand for daylight sensors, growth in camera-based lighting control technology, and development of hybrid lighting control systems.
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