Global Light Meter Market– Industry Trends and Forecast to 2025

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Global Light Meter Market– Industry Trends and Forecast to 2025

Market Analysis: Global Light Meter Market

The global light meter market accounted for USD 285.2 million in 2017 and is projected to grow at a CAGR of 6.6% the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

Market Definition: Global Light Meter Market

 A light meter is a gadget used to gauge the measure of light. In photography, a light meter is frequently used to decide the exposure for a photo. Normally a light meter will incorporate either advanced or simple electronic circuit, which enables the picture taker to figure out which screen speed and f-number ought to be chosen for an ideal introduction, given a specific lighting circumstance and film speed. Light meters are additionally utilized as a part of cinematography so as to decide the ideal light level for a scene. They are utilized as a part of the general field of engineering lighting configuration to confirm appropriate establishment and execution of a building lighting framework and in evaluating the light levels for developing plants. In February 23, 2017, Polymaker announced the close of a new round of equity funding totaling $5 million USD, led by a leading venture capital (VC) firm in China.  This marked the Shanghai-based 3D printing materials company’s second round of VC funding, following their Round-A in early 2015 from Legend Star, an affiliate of the IT giant Lenovo.

Market Drivers and Restraints:

Development of wireless light meter technologies.
Increasing demand for light meters in the photography and cinematography industry worldwide.
Regulations to improve workplace lighting.
Government initiatives toward the standardization of lighting protocols.
Development of smartphone applications and light measuring devices to substitute light meters.

Market Segmentation: Global Light Meter Market

The global light meter market can be segmented in display, type, application, lux range and geographical segments.
 Based on display, the market can be segmented into digital and analog.
Based on type, the market can be segmented into General-Purpose Light Meters, LED Light Meters and UV Light Meters.
Based on lux range, the market can be segmented into lux range into 0–200K Lux and above 200K Lux.
Based on application, the market can be segmented into photography and cinematography, commercial spaces, manufacturing plants and warehouses, university campuses and schools, clinics and hospitals and others.
Based on geography, the market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.

Competitive Analysis: Global Light Meter Market

The global light meter market is fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market in order to sustain in long run. The report includes market shares of light meter market for global, Europe, North America, Asia Pacific and South America.

Key Players: Global Light Meter Market

The renowned players in light meter market are Konica Minolta Sensing Americas, Inc., PCE Deutschland GmbH, FLIR Systems, ATP Instrumentation, International Light Technologies Inc., HIOKI E.E. Corporation, Panomex Inc., Reed Instruments, STEP Systems GmbH, Nordic Scientific & Natural Solutions AB, Yokogawa Test & Measurement Corporation, Acculab USA and Edmund Optics, Inc., among others.

Research Methodology: Global Light Meter Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. 

Global Light Meter Market– Industry Trends and Forecast to 2025

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