Global Light Meter Market expected to reach USD 499.96 Mn
The Global Light Meter Market is driving because of government initiative towards standardization of protocols increasing demand from various industries. On the other hand, the availability of substitutes products such as light measuring devices and smartphone applications, including an in-built camera as a light sensor, restricts the market's growth.
Furthermore, increasing-price competitiveness due to many manufacturers with different pricing strategies is the challenge affecting the market's growth. Moreover, technological development such as wireless light meters, sharing data vis cloud computing for building automation, and Internet of Things (IoT) embedded solutions are creating opportunities for the market to grow in the forecasted period.
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