Market Overview:
availability for energy efficiency and cost saving. Lighting control system
reduces energy consumption by switching off lights when not in use or dim the
lights based on daylight availability owing to which energy is utilized in a
better way. Global smart lighting market is expected to grow in the forecasted
period, in 2017 market size of the smart lighting was XX million and in 2025 is
expected to reach at XX million with growing CAGR of XX%.
Market Dynamics:
One of the major driver for the growth of smart lighting market is rising adoption of LED lights in various sectors such as residential, commercial and
healthcare. Hospitals are installing led lights to create relaxing atmosphere,
for instance Womens Miguel Sano Jersey , Hillerod Hospital in Denmark has installed smart LED lights along with audio system in the maternity ward which provides women peace
of mind while giving birth and helps to reduce stress. However, higher cost of
installation and limited awareness about payback of smart lighting devices can
be a major restrains of the smart lighting market.
The rising need of efficient smart lighting systems and speedy development of sensor and wireless technology increasing demand for smart lighting solutions
fordeveloping smart cities and street lighting could emerge as a huge growth
opportunity for smart lighting market players. However, incompatible wireless
solutions and high initial investment are expected to be a mojor threat to the
growth of this market.
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Market Players:
Acuity Brands, Inc. Womens Jonathan Schoop Jersey , Lutron Electronics, co., Legrand SA, OsramLicht AG Womens Kirby Puckett Jersey , Honeywell International Inc., Zumtobel AG, Royal Phillips N. V, Digital Lumens Authentic Paul Molitor Jersey , Inc., IKEA and Streetlight Vision are some of the prominent players in the smart lighting market, these players such as Philips,
Osram Authentic Harmon Killebrew Jersey , and IKEA are using ZigBee wireless networking technology in their product offering. Similarly, other companies are
also focusing on extracting street lighting contracts to gain competitive edge
in the market.
Market Segmentation:
The smart lighting market is segmented on the basis of application, component, lighting type and the basis of applications the smart lighting market
can be segmented into government and public Authentic Max Kepler Jersey , residential, industrial and commercial. The residential market is expected to grow in the forthcoming years as residents are
investing in smart home.
Further, on the basis of lighting source the smart lighting market is divided into LED Lamps, high intensity discharge lamp Authentic Byron Buxton Jersey , fluorescent lamp, compact fluorescent lamp and others. LED lamps are expected to dominate the market as LED lamps are
energy efficient and durable.
Market segmented on the basis of application:
? Government and Public
? Commercial
? Industrial
? Residential
? Others
Market segmented on the basis of components:
? Relays
? Controllable Breakers
? Sensors
? Switch Actuators
? Dimmer Actuators
? Others
Market segmented on the basis of lighting Type:
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? LED Lamps
? Fluorescent Lamp
? Compact Fluorescent Lamp
? High Intensity Discharge Lamp
? Others
Market segmented on the basis of region:
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