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.
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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
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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.
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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).
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