(MENAFN Editorial) iCrowdNewswire - Dec 4, 2017
Market Scenario
Indoor lighting management can be defined as an essential part of home or any indoor space that enhance the total ambience of the room. In indoor lighting, light fixtures is the important part of interior design.
The major drivers fueling the market of includes, high disposable income of people, changing lifestyle and availability of low cost light emitting diode for indoor space is driving the market. The study indicates, dynamic benefits of LED luminaries that includes high intensity of brightness, high energy efficiency, low radiated heat, high reliability, negligible UV rays and long life span is one of the significant factors driving market growth. According to the study, the decreasing price of LED components is boosting the indoor lighting management market growth.
The indoor lighting management market can be segmented on the basis of product, type and application. By types the indoor lighting management consists of ambient lighting, task lighting and accent lighting. Accent lighting enable users by automatically adjusting to the day and night light source. It enhance users interior space by can extending the useable space of their property during the darker hours and help set the mood of the property they want, and offers users with certain choice features.
The indoor lighting management market is expected to grow at approximately USD 17 Billion by 2023, at 19% of CAGR between 2017 and 2023.
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Key Players:
Regional Analysis:
The regional analysis of indoor lighting management market is being studied for region such as Asia Pacific, North America, Europe and Rest of the World. North America is one of the leading player in the indoor lighting management market owing to high disposable income of people and demand for ambient lighting is boosting the market in the region. Rapid infrastructure activities across different industries has driven the market of indoor lighting management market in Asia-Pacific region. This growth is mainly attributed to the rising demand for ambient lighting paired with stringent energy efficiency regulation.
Segments:
Indoor lighting management market is segmented on the basis of product, range and application.
Indoor Lighting Management Market by Product:
Indoor Lighting Management Market by Type:
Indoor Lighting Management Market by Space Type:
Indoor Lighting Management Market by Application:
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Intended Audience
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