Photography segment is Expected to Dominate the Global Light Meter Market
Rising Demand for Energy Efficiency and Growing Use
in Photography and Film Industry
are major factor attributable to the growth of the market.
According
to TechSci Research report, “Global Light Meter Market - Industry Size, Share, Trends,
Competition Forecast & Opportunities, 2028”. The Global Light Meter is anticipated to project robust growth in the
forecast period with a CAGR of 6.47%
through 2028. 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.
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Based
on type, the Photography segment is projected to dominate the market throughout
the forecast period. The photography industry offers potential growth for the
light meter market owing to the benefits such as data provided by a light meter
that can help a photographer better understand light and this will enhance the
quality of pictures taken. Due to the growing demand, companies are coming up
with new products to cater the customer demand. For instance, in September
2019, Sekonic Corporation started selling the handheld spectrometer C‐800-U for cinematographers and
photographers. This is capable to measure measures gamut (Rg) which helps the
user better understand how saturated colors will look. Such innovations are
expected to have a positive impact on the market. Moreover, the increasing
trend of posting photographs on social media is propelling the users to click a
good quality of pictures and use the light to correct luminescence, which in
return is expected to support the market demand.
Based
on Region, Asia Pacific emerged as the dominant player in the global market,
holding the largest market share. The Asia- Pacific region is expected to
witness the fastest growth during the forecasted period owing to the increasing
government initiatives for horticulture. For instance, according to the
Agriculture Ministry of India, India’s production of perishable horticulture
crops like fruits and vegetables touched a record 307 million tonnes in 2017-18
which was 27 million tonnes more than the number of foodgrains harvested in
2016-2017.
Further,
the presence of one of the biggest film industries i.e. Bollywood industry is
further expected to fuel the market. According to the European Audiovisual
Observatory, 1,813 movies produced in 2018 which was the highest among other
countries such as China and the United States. Therefore, these factors are
adding to the demand for light meters in APAC.
Key
market players in the Global Light Meter Market are following:-
- FLIR
Systems
- Sekonic
Corporation
- Testo
SE
- Hioki
E.E. Corporation
- Amprobe
Instrument Corporation (Danaher Corporation)
- KERN
& SOHN GmbH
- B&K
Precision Corporation
- Line
Seiki Co., Ltd
- TENMARS
ELECTRONICS CO., LTD.
- Martindale
Electric Co. Ltd.
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“The
global light meter market is driven by several key factors, including the
rising demand for energy-efficient lighting solutions and the rapid adoption of
LED technology. The growing need for precise light measurement in various
applications, such as photography, film production, and industrial settings,
further fuels market growth. Stringent lighting regulations and environmental
concerns are pushing businesses and individuals to invest in light meters to
ensure compliance and reduce light pollution. The emergence of smart lighting
systems, combined with the increasing importance of workplace productivity and
healthcare lighting standards, has created a demand for light meters to
optimize lighting conditions. Additionally, the expansion of controlled
environment agriculture (CEA) and the cannabis industry rely heavily on light
meters to maximize crop yield and quality. These drivers collectively
underscore the market's significance in promoting energy efficiency,
environmental sustainability, and improved lighting quality across diverse
industries and applications.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based global management consulting firm.
Light Meter
Market – Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented
Type (General Purpose Light Meters, LED Light Meters, UV Light Meters), By Application
(Photography and Cinematography, Manufacturing Plants, Clinics and Hospitals), By
Region, Competition 2018-2028 has
evaluated the future growth potential of Global Light Meter Market and provides statistics and information
on market structure, size, share, and future growth. The report is intended to
provide cutting-edge market intelligence and help decision makers take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges, and opportunities
present in the Global Light Meter Market.
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