The light meter 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 is attributed to 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.
The key players in the light meter market are increasingly adopting the product launch strategy to grow in the light meter market. According to the present scenario, major companies in the light meter market are significantly investing in R&D. In terms of market leadership, 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) provide light meters worldwide.
Konica Minolta Sensing Americas is one of the subsidiaries of Konica Minolta, which is a Japan-based leading manufacturer of industrial measuring instruments and printers. Its operating segments are Business Technologies, Industrial Business, and Healthcare. Through its Industrial Business segment, the company provides industrial optical systems and performance materials. This segment is involved in the development, manufacturing, and sales of sensing equipment, lenses for industrial and professional use, etc. Konica Minolta Sensing Americas provides light meters through its Light & Display Measurement product category. This category includes illuminance meters and illuminance color meters, which are used to measure the intensity of light. The subsidiaries of Konica Minolta include Konica Minolta Business Solutions, Inc. (Japan), Konica Minolta Opto, Inc. (Japan), and Konica Minolta Medical & Graphic, Inc. (Japan). It has a widespread business presence and currently sells its products in the Americas, APAC, Europe, the Middle East, and Africa. Konica Minolta Sensing Americas is one of the leaders in the light meter market. The company is growing in the light meter market through product launches. In December 2015, Konica Minolta Sensing Americas launched CS-150 and CS-160 Chroma meters, and LS-150 and LS-160 luminance meters. These meters are highly accurate and easy to use, and feature portable option for light measuring available in 1 and 1/3 degree spot acceptance angles to measure chromaticity and/or luminance values of various sources of reflected or emitted light. The geographic presence of the company is evenly distributed all over the world, which, in turn, enables to expand its market with regard to light meters.
FLIR Systems was founded in 1978 and is headquartered in Oregon, US. The company had the employee strength of 3,542 as of 2017. FLIR designs, develops, and distributes solutions that detect people, objects, and substances that may not be perceived by human senses and improve the way people interact with the world around them. The company operates through 6 business segments: Surveillance, Instruments, Security, OEM & Emerging Markets, Maritime, and Detection. The Instruments segment develops imaging and measurement products with the handheld, fixed mount, and desktop configurations. The Instruments segment provides a comprehensive line of test and measurement instruments, such as moisture meters, electrical test clamp meters, light and power analyzers, and multifunctional meters. These measurement instruments are used to evaluate electrical and environmental parameters including voltage, sound, light, heat index, and water quality. FLIR sells light meters under the brand name Extech. Extech offers light meter models for conducting industrial and building audits. Extech’s digital light meter range includes affordable, general-purpose models as well as sophisticated light meters with data-logging, light emitting diode (LED: white, red, and blue), and UV options. Extech sells its products in ~100 countries around the world. The product categories of Extech include Visual Inspection, Electrical & Electronics, Environmental, Lab & Scientific, and Industrial Automation. The company is growing through the strategy of product launches in the light meter market. In November 2017, Extech Instruments launched a UV510 meter designed to measure ultraviolet (UV) radiation in the UVA range for the industrial process applications, UV commercial offset printing, archival preservation, and occupational exposure among outdoor workers. In October 2017, it launched the 510 environmental meter series of new compact light meters designed to provide quick and accurate readings in a range of environmental conditions.
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
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