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Light Meter Market Worth 417.4 Million USD by 2023

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News provided by

MarketsandMarkets

24 Apr, 2018, 14:30 GMT

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PUNE, India, April 24, 2018 /PRNewswire/ --

According to the new market research report "Light Meter Market by Display (Analog and Digital), Type (General-Purpose, LED, and UV), Lux Range (0-200K Lux and Above 200K Lux), Application (Photography & Cinematography, Commercial Spaces, Clinics & Hospitals), and Region - Global Forecast to 2023", published by MarketsandMarkets™, the market is expected to grow from USD 305.1 Million in 2018 to USD 417.4 Million by 2023, at a CAGR of 6.47% between 2018 and 2023. The growth of the light meter market can be attributed to the increasing demand for light meters in the photography and cinematography industry worldwide, regulations to improve workplace lighting, and government initiatives toward the standardization of lighting protocols.

     (Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg )

Browse 71 market data Tables and 43 Figures spread through 130 Pages and in-depth TOC on "Light Meter Market - Global Forecast to 2023"
https://www.marketsandmarkets.com/Market-Reports/light-meter-market-210000688.html

Early buyers will receive 10% customization on this report

Market for digital light meters expected to grow at higher CAGR between 2018 and 2023 

Light meter has 2 types of display analog and digital. Digital light meters provide ease of accessibility by eliminating the need to analyze the position of a needle in a meter. These light meters also provide more accurate readings than analog light meters, which contributes to a larger share of this segments and higher CAGR of the market for the same during the forecast period.

Market for LED light meters expected to grow at highest CAGR between 2018 and 2023 

The highest growth rate of the market for LED light meters is attributed to the increasing government regulations worldwide for deploying energy-efficient lightings. Thus, the growing use of LED lighting is expected to create a need for specialized LED light meters. LED light meters can also measure ambient, conventional lights apart from the LED lighting types.

0-200K lux range light meters held major share of the light meter market in 2017 

The light meters for 0-200K lux range are likely to dominate the lux meter market with the larger size and higher CAGR during the forecast period as these light meters are used in a wider range of applications. On the other hand, the light meters with the lux range above 200K are expensive, and hence, their use is limited to high-end technical applications.

Ask for PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=210000688

Light meter market for photography and cinematography application to grow at highest CAGR between 2018 and 2023 

Photography and cinematography held the largest share of the light meter market based on application in 2017, and the market for the said application is expected to grow at the highest CAGR between 2018 and 2023. Optimum lighting plays a crucial role in capturing desired photos or videos. Light meters recommend the optimum exposure and light levels for any portrait or scene. Advanced light meters feature the most innovative and advanced capabilities such as flash analyzing function, built-in wireless triggering, flash power control, and radio-frequency compatibility. These factors are expected to contribute to the domination of the photography and cinematography application in the market during the forecast period.

Americas held the largest share of the light meter market in 2017 

The Americas, being a technologically advanced and developed region, is an early adopter of the light meter technologies. Also, the majority of the light meter manufacturers are based in this region. Its strong financial position also allows it to heavily invest in leading tools and technologies for effective business operations. These advantages give a competitive edge to the American organizations in various businesses.

The light meter ecosystem includes manufacturers and resellers such as Konica Minolta Sensing Americas (US), FLIR Systems (US), Sekonic (Japan), Testo SE (Germany), Hioki (Japan), Amprobe (US), KERN & SOHN (Germany), B&K Precision (US), Line Seiki (Japan), PCE Deutschland (Germany), and Hanna Instruments (US).

Know more about the Light Meter Market 

https://www.marketsandmarkets.com/Market-Reports/light-meter-market-210000688.html

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com


Visit Our Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors

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