Global Lighting Management System Market: Key Highlights
Global Lighting Management System Market: Key Market Dynamics
Global Lighting Management System Market: Regional Overview
Only lighting covers nearly one-sixth of the total electricity use annually in the US. Implementation of advanced systems in the use can potentially save billions of dollars annually in the US electricity bills and may help in reducing carbon emissions and air pollutants into the environment. Chicago Smart Lighting Project passed by Chicago’s City Council on April 20th, 2017 which is still operating helped in saving tremendous amount in electricity bills, this project included light management system implementation and focused on enhancing energy system reliability.
Hence, the adoption of the system and initiatives towards cost-efficient solutions is expected to boost the market in the region.
In 2017, Western Norway with the help of Philips Lighting initiated transforming 11 municipalities in southern Rogaland in Western Norway into smart municipalities as a part of smart city initiative. Also, in Oslo 70% annual reduction in energy consumption and 1440 tons per year reduction in carbon dioxide emission as they implemented intelligent street lighting.
Thus, the notable investments and the effort of the governing authorities in the smart lighting solutions are anticipated to boost the market in the region.
Global Lighting Management System Market: Key Players Overview
OSRAM GmbH is a Germany-based multinational lighting manufacturing company. The company offers many solutions to fulfill a variety of requirements. Its product portfolio is categorized as energy saving, ambience, scenes, components, and light source control gears. Some of the solutions are Touch DIM for single luminaries, MULTIeco for single and group offices, MULTI 3 for strip lightings and hallways, and Sensoren which are sensors for stand-alone solutions.
Schneider Electric is a France-based multinational electrical equipment manufacturing corporation. It provides integrated solution combining software, real-time data, and services to residential, commercial and industries. Company helps in achieving energy savings to the customers by providing vast product portfolio which majorly covers occupancy sensors, current-limiting panels, emergency lighting control devices, architectural dimming amongst others.
About Forencis Research
Forencis Research is B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis, and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.
Contact Us:
FORENCIS RESEARCH
USA
Aurora
CO 80014
Phone: +1 (720) 306 9020
Email: sales@forencisresearch.com
Website: https://www.forencisresearch.com/