UAE LED Lighting Market is Driven by the Ban on the Sale of Incandescent Lighting Products, Governmental Policies (such as Green Building Code, UAE Vision 2021) and Increase in Number of Real Estate Projects: Ken Research

Development of infrastructure, new construction projects, entrance of new lighting companies & increased marketing expenditure have been the key factors driving the growth in UAE LED Lighting Market.

The report titled “UAE LED Lighting Market Outlook to 2023 - By LEDs Lamps (LED Reflectors, LED Tubes, Others); Luminaires (Downlights, Troffers, Outdoor Area Lights, Roadway Fixtures, Spot Lights and Other Luminaires), By Usage (Indoor and Outdoor), By End Users” suggests that the growth in construction space and the government initiatives to reduce the CO2 emission and electricity consumption by installing LED lighting and banning incandescent lighting in the country in other applications as well. The market is further expected to grow registering a CAGR close to 12% in terms of sales value during the year 2018-2023.

Market Overview: UAE LED Lighting market is highly fragmented with more than 150 players present in the market. The market demand is driven principally by imports from various countries specially China and Malaysia. The market is highly dependent on the real estate industry in the region and witnessed a slow growth period from 2008-2012 as the construction industry was badly affected with the 2008 sub-prime crises. The market started to revive when the real estate industry caught some pace in 2012. In addition, there were major changes in the type of lighting products that were allowed to sell in the market in 2014. These changes in product specifications created a demand for a new product in the market; this helped in building the market for LED Lighting in UAE.

Market Segmentation: UAE LED Lighting industry revenue increased at a CAGR 12.8% during 2013-2018. The market was fuelled by increasing government expenditure on the upgradation of traditional lighting with the LED lighting products, increase in the construction of commercial and hospitality buildings, retrofitting of major areas and locations with the LED lighting lamps and luminaires. The distribution channel used by the companies are generally exclusive distributors, lighting showrooms, utilities and others where others includes channels such as direct sales and  small retailers. The major part of the total LED lighting sales in the country, consisted of the project sales. The commercial sector is the biggest end user of LED lighting and demands almost half of the LED lighting sales in the region. This was owing to factors such as the digitalization of the lighting technology with keen focus on adoption of new technology trends such as Internet of Things, Mobile Application Support etc.

Competition Landscape: With the ban of incandescent lighting in 2014, the market for LED lighting boomed in the region. The market is mainly dependent on imports. Companies generally import the raw material and assemble the product in the country or they directly import the finished product in the region. The market has the presence of some big global players such as Philips, Osram/Ledvance, Cree/Ruud Lighting Arabia but no single company is able to dominate the market and the biggest company doesn’t even have the market share of more than 10% in the region as of 2018. The sector demands investments which has restricted the growth of domestic companies. The market is also facing increasing competition from exporters in China, which are supplying the market with low cost products and are further reducing the profitability for the present players.

Keywords:-

UAE LED Lamps Market

UAE LED Lighting Market

UAE LED Luminaires Industry

UAE LED Lighting Revenue

UAE LED Lights Imports

UAE LED Reflector Market

UAE LED Tubes Market

UAE LED Downlight Market

UAE Spot Light Market

GCC LED Lighting Market

GCC LED Lamp Revenue

GCC LED Luminaires Market

Best Seller LED Lamps UAE

Philips LED Lamps UAE

Philips LED Luminaires UAE

Osram LED Lamps UAE

Osram LED Luminaires UAE

Ledvance LED Lamps UAE

GE LED Lamps UAE

GE LED Luminaires UAE

Tungsram LED Lamps UAE

Cree LED Lamps UAE

Cree LED Luminaires UAE

Zumbotel LED Lamps UAE

Nikkon LED Lamps UAE

Nikkon LED Luminaires UAE

Cooper LED Lamps UAE

Residential LED lighting UAE

Hospitality LED lighting UAE

Outdoor LED lighting UAE

Indoor LED lighting UAE

Key Segments Covered:-

By LED Luminaires

Downlights

Troffers

Outdoor Area Lights

Roadway Fixtures

Spot Lights

Other Luminaires

LED Lamps

LED Reflectors

LED Tubes

Other LED Lamps

By Usage

Indoor

Outdoor

By End User

Commercial

Hospitality

Residential

Healthcare

Industrial

Others

By Distribution Channel

Electric Wholesalers

Lighting Showrooms

Utilities

Others

By Retail and Project Sales

Key Target Audience:-

Existing LED Lighting Manufacturers in UAE

New Market Entrants- Domestic OEMs

New Market Entrants- Foreign OEMs

Real Estate Companies

Government Bodies

Investors & Venture Capital Firms

Lighting Equipment Manufacturers and Importers

LED Lighting Retail Chains

Lighting Equipment Distributors

Lighting Equipment Associations

Time Period Captured in the Report:-

2013-2018 – Historical Period

2013-2023 – Future Forecast

Companies Covered: Philips, Osram/Ledvance, Cree/Ruud Lighting Arabia, Zumbotel, GE/Tungsram, Felio Sylvania, Success Electronics & Transformer Manufacturer Pvt. Ltd (Nikkon Lighting), NVC Lighting, Istanbul Lighting (Confirm About Cooper and Designo)

To know more, click on the link below:-

UAE LED Lighting Market

Related Reports:-

Indonesia LED Lighting Market by Type (Lamps & Luminaires), By Usage (Indoor and Outdoor) and By Sector - Outlook to 2021

US LED Lighting Market Outlook to 2021- Demand for Energy Efficient Lighting and Government Initiatives to Lighten the Future

India LED Lighting Market Outlook to 2019 - Next Wave of Growth Driven by Government Initiatives

South Korea LED Lighting Market Outlook to 2018 - Backlighting Units to Drive LED Growth

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249

Landscape Of The Global Oncology Market Outlook: Ken Research

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The oncology drugs or anti-cancer drugs or anti-neoplastic drugs are proxies that can be utilized alone or in amalgamation to control and destroy neoplastic cells. These agents can be either systemic or targeted. In the systemic, the drug blowouts throughout the body, whereas in targeted, the drug or substance recognizes the specific location affecting less damage to the growth of neighboring healthy cells. Moreover, the players of this market are doing effective developments in the technology of producing the product more significantly for increasing the demand and leading the fastest market growth in the coming years more positively in the near future.

According to the report analysis, ‘Global Oncology Drugs Market Analysis’ states that there are several key players which are presently functioning in this sector more actively for leading the fastest market growth and achieving the highest market share across the globe by transforming the techniques of performing the task and advanced developments in the technology of producing the product more actively includes F. Hoffmann-La Roche Ltd., Bristol-Myers Squibb, Novartis AG, Johnson & Johnson, Pfizer, Inc., Celgene Corporation, AstraZeneca PLC, GlaxoSmithKline plc, Eli Lilly and Company, Amgen Inc., Merck & Co., AbbVie, Inc., Sanofi, and other predominate & niche players. Moreover, the players of this market are changing few of the aspects for attaining the growth opportunities and demand of the consumers which helps in generating the high amount of revenue. The market is controlled by key vendors such as F. Hoffmann-La Roche Ltd., Bristol-Myers Squibb, Novartis AG, Celgene Corporation, Pfizer Inc., and Johnson & Johnson; and products of these firms are accessible globally through their distributors and subsidiaries. Additionally, there is a vigorous late-stage oncology pipeline with around 630 unique molecules in the improvement, i.e., more than 7% when associated with the previous year, comprising 278 biological therapies and 82 vaccines.

Although, the global oncology drugs market is projected to witness a significant CAGR of 7.0% during the forecast period of 2018-2024. However, the global market of oncology drugs is segmented into three major sectors such as therapeutic modality, applications, and regions. On the basis of region, the market is spread across the globe which majorly includes North America, Europe, Asia Pacific, and Rest of the World (RoW). North America is set to be the foremost region for the oncology drugs market growth followed by Europe, Asia Pacific, and Rest of the World. According to the approximation of the National Cancer Institute, in the US, around 1.6 million new circumstances of cancer were diagnosed and 595,690 people died owing to cancer in 2016. Almost 60% of new cancer cases are from Africa, Asia, Central, and South American economies and almost 70% of cancer deaths are from these regions. The Indian Council for Medical Research projected around 1.4 million new cancer cases in 2016, which is predicted to grow to 1.7 million cases by 2020.

The increased pervasiveness of cancer, unhealthy lifestyle and accumulative geriatric population are the primary factors fueling the market growth. Therefore, in the near future, it is expected that the market of oncology drugs will increase across the globe more positively over the recent few years.

To Know More, Click On The Link Below:-

Global Oncology Drugs Market 2018-2024

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Increasing Landscape Of The Global Customer Journey Analytics Software Market Outlook: Ken Research

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According to the report analysis, ‘GLOBAL CUSTOMER JOURNEY ANALYTICS SOFTWARE MARKET SIZE STUDY, BY TYPE (ON-PREMISES, CLOUD-BASED), BY APPLICATION (SMES, LARGE ENTERPRISES) AND REGIONAL FORECASTS 2018-2025’ states that there are several key players which are presently functioning in this market more effectively for leading the fastest market growth and attaining the highest market share around the globe while investing in the research and development programs of this which further improve the efficiency of this software and deliver better result includes Adobe, Woopra, Salesforce, Flockrush, Verint, Auryc and several others. Moreover, the players of this market are adopting the effective strategies and policies for improving the functioning of this with thecreation of the high amount of revenue during the short period and leading the highest market growth in the coming years. Not only has this, few of the focused players of this market are analyzing the related aspects of the market for knowing the upcoming trend, transformation the consumer behavior, growth drivers, restraints and growth opportunities.

The customer journey analytics software is a software which simplifies the management and automation of the consumer observation around all the possible channels. The benefit of customer journey analytics is to integrate and manage the customer data for improving the interaction and satisfaction of the consumer. Not only has this, it is also known as customer journey orchestration software. Customer journey analytics delivers marketers and professionals of the customer experience a unique and strong tools to determine and indulge with the each customer at personal level. In addition, the players of this market are playing an important role by dominating the highest market share and leading the fastest market growth in the short span of time while making significant developments in the specification of this software which further effectively facilitates the automation of the customer experience and increase the demand several other enterprises.

Although, the global market of customer journey analytics software is segmented into different sectors which majorly includes type, application, and region. Whereas, the sector of type, it is further divided into on-premises and cloud-based while, on the basis of application it is split into SMEs and Large enterprises. Moreover, based on the region, the market is spread around the world such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the existence of great industries in analytics fields in the region. Europe is also acquiring second rank in the customer general analytics market owing to the recognition of emerging technologies. 

Additionally, the Asia-Pacific is also expected to revelation higher growth rate / CAGR over the forecast period of 2018-2025, due to growing adoption of analytics software in number of industries and significant smartphone penetration. The region encompasses fastest underdeveloped economies in the world due to the increasing growth rate in China, India, Japan and Korea. Furthermore, the major growth fueling factor of global Customer Journey Analytics Software market are pouring aim on virtual touch points and increasing necessity for decreasing the customer churn out rate. Therefore, in the near future, it is expected that the market of customer journey analytics software will increase around the globe more positively over the recent few years.

For more information on the research report, refer to below link:

Global Customer Journey Analytics Software Market

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Changing Dynamics of the Global Acoustic Guitar Market Outlook: Ken Research

The term Acoustic guitar defines a simple guitar which has a hollow structure and strengthens the string vibrations and it does not need any electrical amplification. It introduces the sound by transmitting the vibration of the strings to the air-as opposed to be dependent on electronic amplification. Not only has this, there are so many assistances of acoustic guitar such as acoustic guitars are more transportable and appropriate to handle, acoustic guitar is humbler as compare to electric guitar, an acoustic guitar player can learn to write song & even function and if you learn to play an acoustic guitar you will devote a bit less on your first instrument than if you had gone with an electric guitar.

Furthermore, the players of this market are dominating the fastest market growth with the effective and attractive developments in the body which further increase the demand and enable the players of registering the highest value of market share across the globe in the coming years.

According to the report analysis, ‘Global Acoustic Guitar Market Size study, by Type (Nylon/Gut Stringed Guitars, Steel Stringed Guitars, Others), by Application (Perform, Teaching, Others) and Regional Forecasts 2018-2025’ states that there are several key players which are presently functioning in this sector more actively for leading the highest market growth and dominating the effective value of market share across the globe more positively includes Martin, Taylor, LARRIVEE, Lakewood, S.Yairi, Fender, Gibson, Ibanez, Paul Reed Smith Guitar, Santa Cruz, ESP, CORT, B.C. RICH and several others. Moreover, the players of this market are analyzing and investigating the key strength of competitors for generating the high value revenue and profit which further become beneficial for registering the effective market growth during the forecasted period more increasingly.

Additionally, the global market of acoustic guitar is sectored into different sectors which majorly involves type, application and regions. Whereas, on the basis of type, the market is further segmented into Nylon/Gut Stringed Guitars, Steel Stringed Guitar and several others while, basis on the application, the market is split into perform, teaching, and several others. Not only has this, on the basis of region, the market is spread across the globe which majorly includes Asia Pacific, North America, Europe, Latin America and Rest of the World. For instance, the North America is the leading/significant region across the globe in terms of market share due to significant increase in the number of musicians & singers and rise in the number of dance clubs and pubs. Europe also underwrites a satisfactory growth in the global Acoustic Guitar market. Moreover, the Asia-Pacific is also expected to exhibit higher growth rate / CAGR over the forecast period of 2018-2025 owing to growing number of concerts and increasing interest in music among young generation.

Although, the major driving factor of global Acoustic Guitar market are growing disposable income and increasing interest of people in music. Moreover, growing number of concerts and live performances is also a proficient driving factor of global acoustic guitar market. Therefore, in the near future, it is anticipated that the market of acoustic guitar will increase across the globe more positively over the recent few years.

For more information, click on the link below:

https://www.kenresearch.com/media-and-entertainment/films-and-animation/acoustic-guitar-market/175209-94.html

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Ken Research                                   

Ankur Gupta, Head Marketing & Communications

sales@kenresearch.com

+91 9015378249

UAE LED Lighting Market Outlook to 2023: Ken Research

The report titled “UAE LED Lighting Market Outlook to 2023- By LEDs Lamps (LED Reflectors, LED Tubes, Others); Luminaires (Downlights, Troffers, Outdoor Area Lights, Roadway Fixtures, Spot Lights and Other Luminaires), By Usage (Indoor and Outdoor), By End Users” provides a comprehensive analysis of UAE LED Lighting market including market evolution, overview, genesis, market size and market segmentations. Extensive focus has been placed in quantifying the industry revenue over the period, 2013-2023. The report covers aspects such as trade scenario, cost analysis, decision making process, trends and developments, issues and challenges, SWOT analysis, recent technologies, manufacturing clusters, government initiatives. Competitive landscape of major players including Philips, Osram/Ledvance, GE/Tungsram, Cree/Ruud Lighting Arabia have been extensively covered including company overview, major business strategies, USP, recent developments, major projects and other parameters. The report also covers future industry analysis (by revenue and upcoming technologies in UAE LED lighting.) The report is useful for existing lighting equipment companies, potential entrants, investors and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.

Market Overview: The UAE LED Lighting market is a booming industry backed by government initiatives. The government banned the sales of incandescent bulbs in the region in 2014 which created an opportunity for the LED lighting market to grow. The initiatives of government such as Green Building Code, UAE Vision 2021 and others, all focuses on the sustainability where the environment protection is a major concern. This led to major changes in the type of product offering by the companies in the region. The government investment to revamp the present lighting system with the LED lighting is a huge booster for the market. There are various Private Public Partnerships to support the cause. The growing awareness for the benefits of LED lighting such as no mercury usage, less emission of CO2, the savings in the electricity bill is making the product attractive to the masses. UAE LED Lighting market recorded a CAGR of 12.8% in terms of sales value during 2013-2018.

Market Segmentation

By Type of LED:  The market is dominated by the sales of LED luminaires as these are popular for the commercial usage. Lamps are preferred by the government for retrofitting the traditional lighting system with the LED lamps.

By Usage: The LED lighting products are used for indoor and outdoor lighting purposes. Indoor lighting includes the application of LED in premises such as Residential, Commercial, and Hospitality. The outdoor lighting is applied in areas such as Façade lighting, Street lighting, Parking and Garage lots. The market is dominated by indoor lighting products with commercial sector contributing the highest in the overall demand.

By Sector: The LED lighting is used in the Commercial, Hospitality, Residential, Healthcare and other sector. Other sector includes Government Buildings, Airports, Public Spots, and Educational Institutions. Commercial sector dominated the market in terms of demand, followed by the hospitality sector and residential sector.

By Distribution Channel:  The market has three major modes of distributions which are: Electronic Wholesalers, Lighting Showrooms and Utilities. The rising demand for LED lights in the UAE has been a major reason for expansion of electrical wholesalers’ network across the country which caters to the requirements of commercial, hospitality, and government sectors in the market.

By Sales: One of the major reason for rising project sales are upcoming events in and around UAE such as Dubai Expo 2020, UAE Vision 2021, Qatar Fifa World Cup 2022, Abu Dhabi retrofitting all street lighting, Dubai retrofitting 30,000 buildings till 2030 which increased the demand for such products in the market.

Competition Stage and Positioning:  The market is highly fragmented with more than 150 players present in the market. The domestic companies in the market are not able to compete with the international players because they lack in the resources for huge investments in R&D, and marketing & promotion. The major competing parameters for the players are diverse product portfolio, the energy efficiency, the product life output, after sales services offered, brand name. The top five major players present in the market are Philips, Osram/Ledvance, GE/Tungsram, Cree/Ruud Lighting Arabia and Zumbotel.

Future Analysis and Projections: It is estimated that the UAE LED lighting market will register a CAGR of 12.1% from 2019 to 2023, driven on the back of in the construction of commercial and hospitality space. This will be supported by the retrofitting projects across the various emirates and increase in the awareness for environment friendly lighting products in the region and governments initiatives and investments to change the traditional lighting system with LED products.

Key Segments Covered:-

By LED Luminaires

Downlights

Troffers

Outdoor Area Lights

Roadway Fixtures

Spot Lights

Other Luminaires

LED Lamps

LED Reflectors

LED Tubes

Other LED Lamps

By Usage

Indoor

Outdoor

By End User

Commercial

Hospitality

Residential

Healthcare

Industrial

Others

By Distribution Channel

Electric Wholesalers,

Lighting Showrooms,

Utilities

Others

By Retail and Project Sales

Key Target Audience:-

Existing LED Lighting Manufacturers in UAE

New Market Entrants- Domestic OEMs

New Market Entrants- Foreign OEMs

Real Estate Companies

Government Bodies

Investors & Venture Capital Firms

Lighting Equipment Manufacturers and Importers

LED Lighting Retail Chains

Lighting Equipment Distributors

Lighting Equipment Associations

Time Period Captured in the Report:-

2013-2018 – Historical Period

2013-2023 – Future Forecast

Companies Covered: Philips, Osram/Ledvance, Cree/Ruud Lighting Arabia, Zumbotel, GE/Tungsram, Felio Sylvania, Success Electronics & Transformer Manufacturer Pvt. Ltd (Nikkon Lighting), NVC Lighting, Istanbul Lighting (Confirm About Cooper and Designo)

Key Topics Covered in the Reports:-

Overview and Genesis For the UAE LED Lighting Market

UAE LED Lighting Market Value Chain Analysis

Major Entities Involved in Value Chain and their Strategies

UAE LED Lighting Market Size, 2013-2018, By Sales Value

UAE LED Lighting Market Segmentation, By Type of LEDs

UAE LED Lighting Market Segmentation, By Usage

UAE LED Lighting Market Segmentation, By Sector

UAE LED Lighting Market Segmentation, By Distribution Channel

UAE LED Lighting Market Segmentation, By Sales

Cost Analysis/ Cost Component for LED Lighting in the UAE Market

Decision Making Process Before Purchasing LED Lighting in the UAE Market

Trends and Developments in the UAE LED Lighting Market

Issues and Challenges in UAE LED Lighting Market

SWOT Analysis for the UAE LED Lighting Market

Recent Technologies in UAE LED Lighting Market

Manufacturing Clusters for LED and Component Manufacturers in the UAE

Government Initiatives and Regulations in the UAE LED Lighting Market

Market shares of major players in UAE LED Lighting Market

Competitive Scenario in UAE LED Lighting Market

Competitive Landscape of Major Players in UAE LED Lighting Market

UAE LED Lighting Market Future Outlook and Projections, By Revenues, 2019-2023

UAE LED Lighting Market Future Outlook and Projections, By upcoming Technologies in the Lighting Market

Analyst Recommendations

To know more, click on the link below:-

UAE LED Lighting Market

Related Reports:-

Indonesia LED Lighting Market by Type (Lamps & Luminaires), By Usage (Indoor and Outdoor) and By Sector - Outlook to 2021

US LED Lighting Market Outlook to 2021- Demand for Energy Efficient Lighting and Government Initiatives to Lighten the Future

India LED Lighting Market Outlook to 2019 - Next Wave of Growth Driven by Government Initiatives

South Korea LED Lighting Market Outlook to 2018 - Backlighting Units to Drive LED Growth

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249

Landscape of the Global Agriculture Product Rapid Test Market Outlook: Ken Research

The Agriculture product rapid test service is a type of rapid test kit which utilized to perceive pathogens in plant, fruit, vegetables and crops for routine agricultural operations. Such tests utilized to screen the supply chain or for the authorization of disease symptoms. Nevertheless, there are several remunerations of agriculture rapid test service such as it is growing the productivity by identifying soil nutrients or soil chemicals that are restricting the plant growth, it recognizes the polluted or contaminated water supplies, it rises the marketability of the forage, it confirms the adequate and balance nutrients and it deliver the information for nutrient management plan improvement and water quality protection. Furthermore, the players of this market are playing an enormous role while developing the such test for ensuring the growth of the plant and increasing the outcome which further profitable for increasing the requirement of such and leading the fastest market growth during the forecasted period more effectively.

According to the report analysis, ‘Global Agriculture Product Rapid Test Service Market Size study, by Type (By Technology, By Contaminant), by Application (Meat & Seafood Products, Dairy & Dairy Products, Fruits & Vegetables, Cereals & Grains, Nuts, Seed and Spices, Crops, Others) and Regional Forecasts 2018-2025’ states that there are several key players which are presently functioning in this sector more actively for registering the fastest market growth and dominating the handsome value of market share across the globe in the coming years more increasingly while developing the specifications of such test and the techniques of doing work after analyzing and investigating the related things which further become profitable for increasing the efficiency of the outcome includes SGS, Bureau Veritas, Intertek, Eurofins, TUV SUD, Merieux Nutriscience, ALS Limited, AsueQuality, Microbac Laboratories, Genetic ID, Romer Labs and several others. Not only has this, many of the players of this market are analyzing the strategies and policies of competitors and government which further make the market more competitive and become capable of generating the high amount revenue across the globe during the forecasted period.

Additionally, the global market of agriculture product rapid test is segmented into different sectors which majorly involves type, technology, contaminant and application. Whereas, the sector of application is segmented into different sector which majorly includes meat and seafood products, dairy and dairy product, fruit and vegetables, cereals and grains, nuts, seed and spices, crops and several others. Nevertheless, on the basis of region, the market is spread across the globe which majorly involves Asia Pacific, North America, Europe, Latin America and Rest of the World. For instance, the Europe is the leading/significant region across the globe in terms of market share in 2017 due to the stringency in food safety, environmental and agricultural regulation. North America also underwrites a satisfactory growth in the global Agriculture Product Rapid Test Service market. However, the Asia-Pacific is also estimated to exhibit higher growth rate / CAGR over the forecast period of 2018-2025 owing to the increasing number of testing laboratories.

Although, the Agriculture Product Rapid Test Service Market is uninterruptedly increasing across the globe over the coming years. The major fueling factor of global Agriculture Product Rapid Test Service market are rigorous safety & quality regulations for agricultural products and significant rise in the outbreaks of foodborne illnesses. Therefore, in the coming years, it is anticipated that the market of agriculture product rapid test will increase across the globe more positively over the recent few years.

For more information, click on the link below:

https://www.kenresearch.com/technology-and-telecom/it-and-ites/agriculture-product-rapid/175189-105.html

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Ken Research                                   

Ankur Gupta, Head Marketing & Communications

sales@kenresearch.com

+91 9015378249

Landscape Of The Asia Pacific Smart Lighting Market Outlook: Ken Research

The smart lighting is a lighting technology which designed for the energy efficiency. Lighting is the deliberate application of the light to attain some aesthetic or practical effect. Whereas, the smart lighting involve the huge efficiency fixtures and automated controls that make adjustments based on the situations such as daylight obtain ability and occupancy. Not only has this, the smart lighting is the efficient way which allows to decrease and save the light by enabling the householder to regulate the remotely cooling and heating, the control of appliance and lighting. Furthermore, the players of this market are playing an important role by registering the fastest market growth while doing significant developments in the technology of producing this at a reasonable price more effectively which further increase the demand and leading the market growth more effectively during the forecasted period.

According to the report analysis, ‘Asia Pacific Smart Lighting Market Industry Trends Forecast To 2026’ states that there are several key players which are recently functioning in this sector more actively for registering the highest market growth and acquiring the handsome amount of market share across the globe in the coming years while developing the techniques of doing work and establishment of new and advanced technologies for effective production which further increase the demand and generate the high amount of profit and revenue across the globe includes Philips Lighting Holding B.V., Acuity Brands Lighting, Inc., Hafele, Honeywell, International Inc., Cree, Inc., Digital Lumens, Inc., OSRAM GmbH., Lutron Electronics Co., Inc, Legrand SA, Seiko Epson Corporation, Encelium technologies, Virtual Extension, Zumtobel Group AG, Wipro Consumer Care & Lighting, Schneider Electric SE, Eaton, Leviton Manufacturing Co., Inc., Syska LED, Beam Labs B.V. and several others. In addition, many of the focused key players of this market are investing the huge amount of money for developing the productivity and increasing the applications which further become beneficial for leading the fastest market growth during the forcasted period.

Asia Pacific smart lighting market is expected to reach a CAGR of 23.9% in the forecast period of 2019 to 2026. Whereas, the market of smart lighting in Asia Pacific region is segmented into different sector which majorly includes offering, installation type, communication technology, and application type. Whereas, on the basis offering the market is further divided into hardware, software and services. However, the hardware segment is anticipated to account the Asia Pacific smart lighting market owing to the growth in the application of LED lighting products such are bulbs, luminaires and lamps for indoor and outdoor spaces as well as growing consciousness concerning energy consumption in LED lighting. Moreover, the sector of installation type the market is spilt into retrofit installation and new installation while, the retrofit installation section is anticipated to control the global smart lighting market owing to its less installation cost as compared to new fixtures.

Although, there are some growth drivers which fueling the market growth more positively around the Asia Pacific region includes significant growing demand for the smart cities, maximum utilization and decreased price of LED, growth in the awareness related to the energy consumption by government and increasing requirement for the technology based smart lighting systems. Therefore, in the coming years, it is expected that the market of smart lighting in the Asia Pacific region will increase more positively over the forecasted period.

To know more, click on the link below:-

Asia Pacific Smart Lighting Market

Related Reports:-

North America Smart Lighting Market Industry Trends Forecast To 2026

Europe Smart Lighting Market Industry Trends Forecast To 2026

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Sales@kenresearch.com

+91-9015378249