Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2017

There has been a surge in the adoption of smart lighting solutions across various application segments akin to industrial, commercial, public, and government buildings. Find out more about this rapidly expanding market.

Smart lighting solutions are offered by coupling various lighting types powered with different control components and connecting technology. Smart lighting solutions enable remote controlling of lighting systems using wired or wireless technologies. The smart lighting market is primarily driven by the increasing demand for energy efficient lighting systems for reducing energy consumption cost. Moreover, technological advancements of sensors and wireless technologies in the sphere of smart lighting is driving the expansion of smart lighting market. As well as, LED based smart lighting solutions is aiding the growth of this market.

The global smart lighting market is predicted to witness a significant growth throughout the forecast period. This is because of the increasing adoption of smart lighting solution across various application segments akin to industrial, commercial, public and government buildings. As well as, incorporation of smart lightings in various outdoor lighting and residential buildings is further aiding the expansion of smart lighting market. Presently, commercial and industrial segment holds nearly all of the market share and is predicted to dominate the market in the course of the forecast period from 2014 to 2020. However, the residential application of smart lighting has the highest growth potential of smart lighting in the next few years. Moreover, increasing demand for smart lightings for implementation in smart streetlights for remote monitoring and automated lighting systems is aiding the expansion of the market.

Replacement of traditional inefficient lighting systems with sensors enabled automated lighting systems is creating new opportunities for the smart lighting manufacturers globally. Moreover, LED lamps replacing traditional incandescent lamps are creating new opportunities in the market. Regionally, Europe has the very best penetration for smart lighting are they’re the early adapters of technology. However, the Asia Pacific region is anticipated to point out the highest growth rate due to the presence of developing nations like India and China.

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touch switchThis market research study analyzes the smart lighting market on a world level, and provides estimates when it comes to revenue (USD billion) from 2014 to 2020. It recognizes the drivers and restraints affecting the industry and analyzes their impact over the forecast period. Moreover, it identifies the numerous opportunities for market growth in the coming years.

The report segments the market on the basis of geography as North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW), and these have been estimated in terms of revenue (USD billion). In addition, the report segments the market based on the component type, which include relays, controllable breakers, sensors, switch actuators, dimmer actuators and others. By lighting types, the market is segmented into LED lamps, fluorescent lamp, compact fluorescent lamp, high intensity discharge lamp and others. It also segments the market on the idea of application as commercial & industrial, residential, outdoor lighting, public & government buildings and others. All these segments have also been estimated on the basis of geography in terms of revenue (USD billion).

For better understanding of the smart lighting market, we have now given a detailed analysis of the provision chain. An in depth Porter’s five forces analysis has been given for a better understanding of the intensity of the competition present available in the market. Furthermore, the study comprises a market attractiveness analysis, where the applications are benchmarked based on their market scope, growth rate and general attractiveness.

The report provides company market share analysis of varied industry participants. The key players have also been profiled on the idea of company overview, financial overview, business strategies, and the recent developments in the sphere of smart lighting. Major market participants profiled in this report include Honeywell International Inc., Legrand SA, Lutron Electronics Company Inc., Osram Licht AG and Royal Philips N.V among others.

Browse More Transparency Market Research Reports:
?br>Smart Lighting Market: By Geography
North America
Asia Pacific
Rest of the World
Smart Lighting Market: By Component
Controllable Breakers
Switch Actuators
Dimmer Actuators
Smart Lighting Market: By Lighting Type
LED Lamps
Fluorescent Lamp
Compact Fluorescent Lamp
High Intensity Discharge Lamp
Smart Lighting Market: By Application
Commercial & Industrial
Outdoor Lighting
Public & Government Buildings
The report provides a cross-sectional analysis of all the above segments with respect to the next regions:
North America
Asia Pacific
Rest of the World (RoW)

Article Tags: Smart Lighting Market, Smart Lighting Solutions, Smart Lighting, Lighting Market, Lighting Solutions, Lighting Systems, Forecast Period

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