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(Wireless-NewsWire.Com, January 24, 2017 ) The global smart lighting market is bifurcated based on lighting types into light emitting diode (LED) lamp, fluorescent lamps, compact fluorescent lamps, high intensity discharge lamps and others (such as neon lamps and photographic flashes). Furthermore, the market is segmented based on applications, namely: industrial lighting, residential lighting, commercial lighting, government, outdoor lighting, and automotive lighting. The global smart lighting market is further segmented on the basis of connectivity technology into wired and wireless technology. The global smart lighting market is also segmented based on geographical distribution into North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and South America (SAM).
Smart lightning is a technique which reduces power consumption, thereby allowing the user to control and regulate heating, cooling, lighting and other household devices. This functionality offers a level of convenience and comfort to the user. It is analyzed that the success within the smart lighting market would need association of several smart lighting investors and stakeholder communities. The smart lighting technology utilizes sunlight to decrease the consumption of artificial lighting, and also automates lighting control in an area. The development of advanced infrastructure, and emphasis on reducing power consumption is expected to catalyze the global smart lighting market. Additionally, existing or proposed government policies over energy consumption is further analyzed to be a key revenue pocket for the smart lighting players.
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The global smart lighting market is anticipated to have a remarkable growth over the forecast period owing to its increasing popularity across commercial, industrial, public applications. Among these application sectors, the industrial and commercial segments are anticipated to grow at a brisk rate over the forecast period, as the implementation of smart lighting systems would considerably reduce cost of operations. With the growing awareness among residential consumers regarding energy-saving, the residential application sector is expected to prosper during the forecast period. Moreover, the rising demand and implementation of smart street-lighting for remote monitoring and automated lighting systems is further expected to boost the smart lighting market globally.
The replacement of traditional inefficient lighting systems with smart lighting systems is expected to be a lucrative opportunity for the smart lighting vendors. Geographically, Europe, being the foremost adopters of the technology, lead the global smart lighting market. However, APAC is anticipated to show remarkable growth rate in the coming years owing to the rising need for energy efficient and economic lighting solutions, especially within the developing nations such as India and China.
The key market players in the global smart lighting market include Koninklijke Philips N.V., Eaton Corporation PLC., Honeywell International Inc., Acuity Brands Lighting, Inc., Lutron Electronics Company Inc., Digital Lumens, Inc., Legrand SA, General Electric Company, Osram Licht AG and Streetlight.Visionamong others.
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Smart lighting is used for power efficient lighting and includes features such as automated controls and efficiency fixtures that regulates and adjusts lighting as per the surrounding conditions. It includes general purpose lighting, accent lighting that focuses upon lighting particular area and task lighting. Smart lighting offers several lighting types driven with various connecting technology and control devices. It enables remote monitoring of lighting systems using wireless or wired technologies. The smart lighting market is mainly driven by the growing demand for economical and energy efficient lighting systems. Moreover, the development of wireless and sensor technologies is further expected to drive the smart lighting market globally.
Few Key Points from Table of Content
7 Global Smart Lighting Market Analysis
7.1 Global Sales Revenue and Forecasts to 2025
7.2 Global Smart Lighting Market, Competitive Landscape
7.2.1 Market Share or Market Positioning of Key Players, 2014
8 Global Smart Lighting Market Revenue and Forecasts to 2025 – Lighting Types
8.1 Overview
8.1.1 Segment Share (%), 2014 & 2025
8.2 Light Emitting Diode (LED) Lamp
8.3 Fluorescent Lamps
8.4 Compact Fluorescent Lamps (CFL)
8.5 High Intensity Discharge Lamps
8.6 Others (Neon Lamps and Photographic Flashes)
9 Global Smart Lighting Market Revenue and Forecasts to 2025 – Application
9.1 Overview
9.1.1 Segment Share (%), 2014 & 2025
9.2 Industrial Lighting
9.3 Residential Lighting
9.4 Commercial Lighting
9.5 Government
9.6 Outdoor Lighting
9.7 Automotive Lighting
10 Global Smart Lighting Market Revenue and Forecasts to 2025 – Connectivity Technology
10.1 Overview
10.1.1 Segment Share (%), 2014 & 2025
10.2 Wired
10.3 Wireless Technology
11 Global Smart Lighting Market Revenue and Forecasts to 2025 – Geographical Analysis
11.1 Overview
11.1.1 Segment Share (%), 2014 & 2025
11.2 North America
11.2.1 U.S.
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 France
11.3.2 Germany
11.3.3 Italy
11.3.4 Spain
11.3.5 UK
11.3.6 Rest of Europe
11.4 Asia Pacific (APAC)
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 Rest of APAC
11.5 Middle East & Africa (MEA)
11.5.1 Saudi Arabia
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest of MEA
11.6 South America (SAM)
11.6.1 Brazil
11.6.2 Rest of SAM
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12 Global Smart Lighting Market, Key Company Profiles
- Koninklijke Philips N.V.
- Eaton Corporation PLC.
- Honeywell International Inc.
- Acuity Brands Lighting, Inc.
- Lutron Electronics Company Inc.
- Digital Lumens, Inc.
- Legrand SA
- General Electric Company
- Osram Licht AG
- Streetlight. Vision
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