Global Light Management System Market is projected to propel at a rapid pace and witness a formidable CAGR over the forecast period 2023-2027. The market growth can be accredited to the accelerating demand for smart controls in residential and commercial buildings and the increasing adoption of the energy-efficient lighting. The light management system is utilized to control the lighting installed in a particular premise which helps in saving the electricity and manage the energy use efficiently. The market is further catalysed by the advent of Internet of Things (IoT) and its growing adoption in the energy management solutions. In addition, the smart and wireless technologies such as ZigBee and Bluetooth, have made installation of light management system easy. Apart from this, the governments of several developing nations are focussing on building smart cities. A smart city comprises a connected system, automated lighting system and general lighting application. For instance, rapid infrastructure building activities in India have paved the way for light management systems. This is anticipated to provide lucrative growth opportunities to the market players of the global light management system in the coming years. Some of the leading players in the Global Light Management System Market are Schneider Electric, Eaton, ABB, GE, Acuity, Honeywell, Zumtobel Group, Lutron, Siemens, Philips Lighting etc. Download Free Sample Report: https://www.techsciresearch.com/sample-report.aspx?cid=2426 (Use your Corporate E-mail Id for Faster Response) For More Information Visit: https://www.techsciresearch.com/report/global-light-management-system-market/2426.html

Global steam trap market is expected to grow at a steady CAGR during the forecast period. The global steam trap market is driven by rising demand for energy management solutions. Moreover, initiatives taken by the regulatory bodies in order to minimize carbon footprint is positively impacting the growth of market during the forecast period. Mounting the use of renewable sources of energy coupled with technological advancements is expected to bolster the growth of market over the next few years. The global steam trap market is segmented based on product, application, body material, industry, company, and region. Based on product, the market can be categorized into thermodynamic, mechanical & thermostatic. Out of which, the mechanical steam trap segment dominated the market until 2021 and is expected to maintain its dominance in the market during the forecast period on account of its high rate of heat transfer. By body material, the global steam trap market is expected to be dominated by steel body material during the forecast period as it allows flexibility in the selection of the right trap to meet the specific needs of end-use applications. The major players operating in the steam trap market are Spirax-Sarco Engineering PLC, Pentair PLC, The Weir Group PLC, Flowserve Corporation, Circor International, Inc., Emerson Electric Co., Schlumberger N.V., Thermax Limited, Velan Inc., Watts Water Technologies, Inc. and others. Download Free Sample Report: https://www.techsciresearch.com/sample-report.aspx?cid=1677 (Use your Corporate E-mail Id for Faster Response) For More Information Visit: https://www.techsciresearch.com/report/global-steam-trap-market/1677.html