Light Meter Market

Global Light Meter Market Size (2023 to 2028)

The global light meter market size is expected to be worth USD 330.15 Million in 2023. It is expected to grow at a CAGR of 6.21% during the forecast period and reach a value of USD 446.21 Million by 2028.

The light meter, which is also known as the LUX meter, is an instrument that was created for measuring the exposure of light by means of a photocell while capturing a photograph so that the camera settings that were needed, like shutter speed and f-number, can be determined. These light meters are useful for determining light brightness in a place that is required to take a photograph. They mostly include either digital or analog electronic circuits. Among the market, 45% of retailers are exploring indoor farming to meet the growing demand for fresh, sustainable, locally grown food, which is increasing the trend of “farm-anywhere”. These growing trends are creating wide opportunities for the global light meter market. Also, the imposition of government regulations worldwide regarding the deployment of energy-efficient lighting like LED lighting is expected to boost the need for LED light meters in various sectors.

The rising advancements in wireless light meter technologies are the major factor that was driving the growth of the Global Light Meter Market. Also, the growth in the demand for light meters among the photography and cinematography industries all around the world is another factor that is pushing the growth of the target market. Factors like imposed regulations for the improvement of lighting at the workplace and the initiatives towards the standardization of lighting protocols by the governments of various countries are further pushing the Light Meter Market's growth.

However, the introduction of smartphones that are amalgamated with inbuilt cameras with light sensors that can measure light is the major restraint that was hampering the growth of the Global Light Meter Market. Additionally, the availability of mobile applications of the light sensor is the other factor that was challenging the growth of the global market. Nonetheless, increasing usage of the wireless light meter and rising adoption of these light meters among emerging economies are creating lucrative opportunities for the expansion of the players in the Global Light Meter Market.

Impact of COVID-19 on the light meter market:

The effect of COVID-19 on the Global Light Meter Market is evident as there is a significant slowdown in business activities around the world. Moreover, the lockdown that was imposed in various industries has resulted in the stalled revenue of the target market. However, the need for these light meters among the workspaces, among others, is expected to support the Light Meter Market's growth. Further, initiatives and the strategies of the players in the market are anticipated to bring the target market to normalcy.

REPORT COVERAGE:

This research report on the global light meter market has been segmented and sub-segmented into the following categories.

Light Meter Market – By Type of Device:

• General-Purpose Light Meters
• LED Light Meters
• UV Light Meters

Light Meter Market – By Type of Display:

• High Analog
• Digital

Light Meter Market – By LUX Range Outlook:

• 0–200K Lux
• Above 200K Lux

Light Meter Market – By Application:

• Photography & Cinematography
• Commercial Spaces
• Manufacturing Plants & Warehouses
• University Campuses & Schools
• Clinics & Hospitals
• Others

Light Meter Market – By Region:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

In the regional analysis of the Global Light Meter Market, North America held the prominent share of the global market based on revenue. The major factors driving the growth of the target market in this region are the presence of prominent players and the high disposable income among consumers in North America. Moreover, it is expected that the North America Light Meter Market is going to maintain its dominance over the forecast period owing to the rising adoption of advanced technology and instruments in numerous industries.

Europe's Light Meter Market accounted for the second-highest share of the revenue of the global market. Further, Asia-Pacific Light Meter Market is anticipated to witness high growth in terms of revenue during the coming years. The rising industrial sector in strong economies such as India, South Korea, and China is the major factor that was propelling the growth of the Light Meter Market in Asia-Pacific.

KEY MARKET PLAYERS:

The key players in the Global Light Meter Market include 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), Hanna Instruments (US), Lutron Electronics (US), Kyoritsu Electrical Instruments Works (Japan), Martindale Electric (UK), TQC B. V. (the Netherlands), and KIMO Instruments (UK).

RECENT HAPPENINGS IN THE MARKET:

• Konica Minolta Business Solutions (UK) Limited has announced that it is now partnered with ITECH Managed Services, a Manchester-based specialist-managed print and IT services provider, which is a key part of the continued expansion of the Channel market, for providing additional expert support to its customers across all parts of the UK.
• FLIR EST, one of the key players in the Global Light Meter Market, has introduced frontline screening at building entrances and in high-traffic areas to improve safety and help curb the spread of COVID-19.