Luminaire and Lighting Control Market: Snapshot - Energy Watch News


Luminaire and Lighting Control Market: Snapshot

The luminaire and lighting control industry is going through diverse phases in different regions of the world. Rise in awareness about energy-efficient light models is primarily fueling the demand for lighting control systems. As electricity prices continue to rise, government organizations are switching over to energy-efficient lights to reduce operational costs while improving safety and efficiency. The adoption of luminaire and lighting control is particularly gaining traction in urban areas for efficient lighting solutions. Another factor boosting the luminaire and lighting control market is the rise in living standards of urban communities in some countries. Governments as well as private organizations in these communities are making efforts to attain maximum efficiency in terms of lighting solutions. The luminaire and lighting control market is projected to expand at a CAGR of 5.6% during the forecast period and reach US$ 111.0 Bn by 2026. https://www.transparencymarketresearch.com/luminaire-lighting-control-market.html

Tagged with: , ,
Posted in research

Leave a Reply

Your email address will not be published. Required fields are marked *

*

Featured Product


 

Featured Job