Smart Lighting Market is expected to grow from USD 6.28 Billion in 2017 to USD 35.43 Billion by 2026, at a CAGR of 21.2% between 2017 and 2026. (Detailed analysis of the market CAGR is provided in the report)

 

Smart Lighting Market is the technology designed to reduce energy consumption and achieve better energy efficiency. In order to achieve some aesthetic or practical effects, it makes use of high-efficiency fixtures and automated controls that adjust light intensity based on conditions such as occupancy or daylight accuracy.

 

Smart Lighting Market

 

Increasing usage of wireless technology, modernization and development of infrastructure to transform cities into smart cities, increasing awareness of energy saving, increased demand for intelligent solutions for street lighting systems, increasing adoption and decreasing cost of LEDs, growth of wireless lighting techniques, and need for energy-efficient lighting systems are driving the overall growth of Smart Lighting Market.

 

 Further key findings from the report:

 

• Smart Lighting Market bulbs is expected to experience a significant growth during the forecast period owing to increasing demand for wireless technologies in smart cities
• Europe to grow at higher CAGR during the forecast period owing to the increasing standard of living and increasing building automation in European countries such as France, Germany, and the United Kingdom
• From communication technology segment wireless connectivity to grow at highest CAGR between 2017 and 2026. Wireless technology has several advantages over wired connections that include no use of wire, no need for installation, and flexible nature; this advantage increases demand of wireless technology in the market further contributing to the growth of Smart Lighting Market.
• APAC to hold largest share of overall Smart Lighting Market growing at highest CAGR by 2026. Government initiatives and increased construction activities in APAC are contributing to the growth of the Smart Lighting Market in the region. Rising government expenditure on public infrastructure, increasing adoption of energy-efficient lighting systems in developing economies such as China, India are the major driving factors for the growth of smart lighting in APAC

 

Key Highlights:

 

• Analyzes competitive developments such as contracts, joint ventures, mergers & acquisitions, collaborations, product launches & developments, and research and development (R&D) in the Smart Lighting Market
• The objective of the report is to provide a detailed analysis of the Smart Lighting Market on the basis of offering, communication technology, application type, installation type, and geography
• Complete quantitative analysis of the industry from 2017 to 2026 to enable the stakeholders to capitalize on the prevailing market opportunities
• In-depth analysis of the industry on the basis of market segments, market dynamics, market size, competition & companies involved value chain
• Analysis of the Smart Lighting Market with respect to individual growth trends, prospects, and contribution to the total market
• Segment wise business performance detailed in report will be worthwhile for the organizations willing to enhance its business
• Provides detailed information regarding the major factors influencing the growth of the Smart Lighting Market (drivers, restraints, opportunities, and challenges)
• This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the business

 

Years that have been considered for the study are as follows:

 

• Base Year – 2016
• Estimated Year – 2017
• Forecast Period – 2017 to 2026

 

For company profiles, 2016 has been considered as the base year. In cases, wherein information was unavailable for the base year, the years prior to it have been considered

 

For More Information Visit:https://www.maximizemarketresearch.com/market-report/smart-lighting-market/2275/

Scope of Global Smart Lighting Market:

 

Global Smart Lighting Market, By Offering:

 

• Hardware

o Lights & Luminaires

o Lighting Controls

o Switches

o Dimmers

• Software

o Local/Web-Based Software

o Cloud-Based Software

• Services

o Design & Engineering

o Installation Services

o Post-Installation Services

Global Smart Lighting Market, By Lighting Type

 

• LED Lamps
• Fluorescent Lamp
• Compact Fluorescent Lamp
• High Intensity Discharge Lamp
• Others

Global Smart Lighting Market, By Communication technology:

 

• Wired Technology

o Digital Addressable Lighting Interface

o Power-Line Communication

o Power Over Ethernet

o Wired Hybrid Protocols

• Wireless Technology

o Zigbee

o Bluetooth/Bluetooth Low Energy

o Enocean

o Wi-Fi

o Wireless Hybrid Protocols

Global Smart Lighting Market, By Application:

 

• Commercial
• Residential
• Industrial
• Outdoor Lighting
• Public
• Others

Global Smart Lighting Market, By Installation Type:

 

• New Installation
• Retrofit Installation

Global Smart Lighting Market, By Region:

 

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America

Key Players Operating In Global Smart Lighting Market:

 

• Philips Lighting
• Acuity Brands
• Osram
• Cree
• General Electric (GE + Current)
• Eaton
• Honeywell
• Legrand
• Hubbell Lighting
• Zumtobel Group
• Hafele Group
• Lutron Electronics
• Wipro Consumer Care and Lighting
• Streetlight.Vision
• Virtual Extension
• Syska LED
• Leviton Manufacturing
• Switchmate, Inc.
• Gooee
• Lifx
• Isotera
• Ketra
• Tao Light
• Nualight Limited

 

 This Report Is Submitted By @maximize market research

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