Global Light Meter Market, By Display (Digital and Analog), Type (General Purpose Light Meter, LED Light Meter, UV Light Meter), Lux Range (0-200k Lux, Above 200k Lux), Application (Photography and Cinematography, Commercial Spaces, Manufacturing Plants, Clinics and Hospitals, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights : Global Light Meter Market
Data Bridge Market Research analyses the light meter market will exhibit a CAGR of 6.71% for the forecast period of 2022-2029 and is likely to reach the USD 499.20 million by 2029.
A light metre is a device that measures the strength of electromagnetic radiation that is visible or invisible, such as sunlight and X-ray. One (or more) sensors are usually included in light meters (s). A sensor responds to incident illumination using a function that varies depending on the sensor type. This sensitivity pattern reflects how well it suppresses brightness changes across its whole field of view. Color temperature based on white balance, black levels based on contrast ratio, and other functions are included in most light metres.
The upsurge in the demand for energy efficiency standards among consumers will act as a key element driving market expansion. The light meter market is also being driven by factors such as rising demand for light meters in the photography and cinematography industry globally and swift technological advancement. Furthermore, the rise in government initiatives towards the standardization of lightning protocols will result in augmentation of growth rate of light meter market. Also, government regulations for the enhancement of workplace lightning will act as a major factor influencing the growth of light meter market. Another significant factor that will cushion the light meter market’s growth rate is the growing demand for high-quality photography by commercial and professional photographers at all hours of the day and night. In addition to this, other factors rising interest in photography among young people and increasing per capita disposable income will expand the light meter market. Growing considerations about energy usage and increased public awareness about power conservation will enhance the growth rate of light meter market.
Moreover, convergence of IoT lightning and emerging new market will create beneficial opportunities for the growth of the market. Additionally, the advancement of wireless light meter technologies and increase in the utilization of lux meters in indoor and outdoor sports activities will act as market drivers and further boost new opportunities in the forecast period mentioned above.
However, advancement of smartphone applications and light measuring devices to substitute light meters will hamper the market’s growth rate. Also, the rising numbers of manufacturers will create competitive pricing pressure and further pose a challenge to the market.
This light meter market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on light meter market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Light Meter Market Scope and Market Size
The light meter market is segmented on the basis of display, type, lux range and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- Depending on the display, the light meter market is segregated into analog and digital type.
- Depending on the type, the light meter market is categorized into general purpose light meters, LED light meters and UV light meters.
- Depending on the lux range, the light meter market is categorized into 0-200k Lux and above 200k Lux.
- Depending on the application, the light meter market is divided into photography and cinematography, commercial spaces, manufacturing plants, clinics and hospitals and others.
Light Meter Market Country Level Analysis
The light meter market is analysed and market size, volume information is provided by country, display, type, lux range and application as referenced above.
The countries covered in the light meter market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the light meter market and will continue to flourish its trend of dominance due to the presence of major key players and strong distribution networks for these products in this region. Asia-Pacific is expected to grow during the forecast period of 2022-2029 due to the technical innovations and swift industrialization in this region.
The country section of the light meter market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Light Meter Market Share Analysis
The light meter market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to light meter market.
Some of the major players operating in the light meter market are PCE Instruments, ATP Instrumentation Ltd., INTERNATIONAL LIGHT TECHNOLOGIES INC., REED Instruments, Konica Minolta Sensing Americas, Inc., Teledyne FLIR LLC, Sekonic, Testo SE & Co. KGaA, HIOKI E.E. CORPORATION, Kimo Electronic Pvt. Ltd., INDUSTRIAL PHYSICS INKS & COATINGS B.V., Martindale Electric Co. Ltd., KYORITSU ELECTRICAL INSTRUMENTS WORKS, LTD., Lutron Electronics Co., Inc., HANNA INSTRUMENTS INC., Line Seiki Co., Ltd., B&K Precision Corporation, Amprobe, and KERN & SOHN GmbH, among others.
SKU-