Global Light Meter Market Report 2019: Growth, Trends & Forecasts to 2024 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 13, 2019--
The “Light Meter Market - Growth, Trends, and Forecast (2019 - 2024)” report has been added to ResearchAndMarkets.com’s offering.
The light meter market is expected to register a CAGR of over 7.12%, during the forecast period 2019-2024.
Estimates put that approximately 45% of retailers have been exploring indoor farming to meet the rising demand for fresh, sustainable, locally grown food, thus the increasing trend of farm-anywhere is creating a wide opportunity for the light meter market.
Further, according to the report by Staples, a UK company, in an online survey of 7,000 office workers in October 2018, found that 40% of office workers struggled to work in poor lighting every day. This led to a negative effect on their productivity and health. Thus, to overcome such problems, organizations are moving towards adopting cold-tone lighting for their employees. Such practice is expected to drive the light meter market to maintain the ambient lighting needs in the working environment.
Moreover, the light meter market is also driven by the increasing government regulations worldwide for deploying energy-efficient lightings such as LED lightings. Which in return, is expected to create a need for LED light meters. These light meters are capable to measure ambient, conventional lights apart from the LED lighting types. However, the development of smartphone applications with light measuring capabilities presents a serious challenge to market growth.
Key Market Trends
Photography Offers Potential Growth
Asia-Pacific to Witness the Fastest Growth
The light meter market is competitive in nature owing to the presence of global companies. Some of the players of this market are FLIR Systems, Sekonic Corporation, Testo SE and Hioki E.E. Corporation amongst others. Light meter manufacturers have to continuously adapt to new technologies to gain a competitive edge. This market is very price sensitive.
Some of the recent developments are:
Key Topics Covered
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers & Restraints
4.3 Market Drivers
4.3.1 Increasing Demand for Light Meters in the Photography & Cinematography Industry Worldwide
4.3.2 Regulations to Improve Workplace Lighting
4.4 Market Restraints
4.4.1 Development of Smartphone Applications & Light Measuring Devices to Substitute Light Meters
4.5 Value Chain / Supply Chain Analysis
4.6 Industry Attractiveness - Porter’s Five Force Analysis
5 MARKET SEGMENTATION
5.1 By Display
5.2 By Type
5.2.1 General Purpose Light Meters
5.2.2 LED Light Meters
5.2.3 UV Light Meters
5.3 By Application
5.3.1 Photography & Cinematography
5.3.2 Commercial Spaces
5.3.3 Manufacturing Plants
5.3.4 Clinics & Hospitals
5.3.5 Others Application
5.4.1 North America
5.4.4 Latin America
5.4.5 Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 FLIR Systems
6.1.2 Sekonic Corporation
6.1.3 Testo SE
6.1.4 Hioki E.E. Corporation
6.1.5 Amprobe Instrument Corporation (Danaher Corporation)
6.1.6 KERN & SOHN GmbH
6.1.7 B&K Precision Corporation
6.1.8 Line Seiki Co. Ltd.
6.1.9 Tenmars Electronics Co. Ltd.
6.1.10 Martindale Electric Co. Ltd.
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/sx1vka
View source version on businesswire.com:https://www.businesswire.com/news/home/20191113005599/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 11/13/2019 10:46 AM/DISC: 11/13/2019 10:46 AM