The Lighting Management System (LMS) market is a subset of the Lighting Equipment market. It is composed of products and services that enable the control, monitoring, and optimization of lighting systems. These systems are used to reduce energy consumption, improve lighting quality, and increase safety. They can be used in both indoor and outdoor settings, and are often integrated with other building systems such as HVAC and security. LMS products are typically divided into two categories: hardware and software. Hardware includes components such as sensors, controllers, and dimmers. Software includes applications such as energy management, scheduling, and analytics. The LMS market is growing rapidly, driven by increasing demand for energy efficiency and safety. Governments and businesses are investing in these systems to reduce energy costs and improve lighting quality. Notable companies in the LMS market include Philips Lighting, Acuity Brands, Lutron Electronics, Osram, and Cree. Show Less Read more
