Smart Lighting Market - Developments and Trends, Potential of the Market from 2017-2023

Market Scenario
Major giants like Philips Lighting (Netherlands), Acuity Brands Lighting, Inc. (U.S.), General Electric Company (U.S.), OSRAM Licht AG (Germany) and Honeywell International (U.S.) are concentrating on the smart lighting market due to increasing development of smart cities and growing need for energy efficient solutions for the same. Philips Lighting has come up with new solutions for smart lighting by embedding ZigBee communication chips inside the LED ceiling lights and luminaries which will help in reducing the energy consumption by controlling the lighting in an intelligent manner. Increasing demand for smart lighting solutions is one major factor driving the growth of smart lighting market. Cost effectiveness is another major factor responsible for fueling the growth of smart lighting market.
Europe region holds the largest market share of global Smart Lighting Market followed by North America and Asia Pacific regions. The growth is Europe region is mainly dominated by France, UK and Germany and is attributed to the increasing demand for energy efficient solutions in the region. The region also has a well-established infrastructure which allows implementation of advanced technologies. Also the shifted focus to connected homes is one major factor responsible for driving the growth of smart lighting market in North America region.
Smart lighting market has been segmented on the basis of component, product type, light source, communication technology and application. The light source segment is bifurcated into Light emitting diode (LED, fluorescent lamp (FL) and high intensity discharge lamps (HID). Out of which, the LED light source sub segment is expected to grow at the highest arte during the forecast period. The growth is attributed to the factors like low power consumption rate and also lower maintenance costs compared to other light source types.
The global Smart Lighting Market is expected to grow at approx. USD 25 Billion by 2023, at 27% of CAGR between 2017 and 2023.
Key Players
The prominent players in smart lighting market are – Philips Lighting Holding B.V. (The Netherlands), Acuity Brands Lighting, Inc. (U.S.), General Electric Company (U.S.), Osram Licht AG (Germany), Honeywell International Inc. (U.S.), Legrand S.A. (France), Schneider Electric SE (France), CREE, Inc. (U.S.), Cooper Industries, Inc. (Ireland), Digital Lumens, Inc. (U.S.) and others.
Segments:
Smart Lighting market can be segmented on the basis of following:
By Component
  • Software
  • Service
By Product Type
-Luminaries
  • Smart Bulbs
  • Fixtures
-Lighting Controls
  • Sensors
  • Switches & Dimmers
  • Relay Units
  • Gateways
  • LED drivers & Ballasts
-By Light Source
  • Light Emitting Diode (LED)
  • Fluorescent Lamps (FL)
  • High Intensity Discharge Lamps (HID)
By Communication Technology
-Wired
  • Power Line Communication
  • Power Over Ethernet
  • Digital Addressable Lighting Interface
  • Wired Hybrid Protocols
  • Others
            -LonWorks
            -KNX
            -Proprietary Protocols
-Wireless
  • Enocean
  • Wi-Fi
  • ZigBee
  • Wireless Hybrid Protocols
  • Bluetooth
  • 6lowpan
  • Others
By Application
-Indoor Lighting
  • Residential
  • Commercial
  • Industrial
  • Others
-Outdoor Lighting
  • Architectural Lighting
  • Lighting at Public Places
  • Highways & Roadways Lighting
  • Others
Regional Analysis:
The regional analysis of smart lighting market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that Europe is estimated to account for the largest share of the market, whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period. The major growth in smart lighting market in Europe is attributed to technical advancements and increasing investments in infrastructure modernization projects in that region. The growth in Europe is followed by North America region.
Intended Audience
  • Technology investors
  • Research/Consultancy firms
  • Technology providers
  • Residential end-users
  • Commercial end-users
  • Industrial end-users
  • Government bodies
TABLE OF CONTENTS
LIST OF TABLES
TABLE 1    SMART LIGHTING MARKET, BY COMPONENT
TABLE 2    SMART LIGHTING MARKET, BY PRODUCT TYPE
TABLE 3    SMART LIGHTING MARKET, BY LIGHT SOURCE
TABLE 4    SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY
TABLE 5    SMART LIGHTING MARKET, BY APPLICATION
TABLE 6    SMART LIGHTING MARKET, BY REGION
TABLE 7    NORTH AMERICA SMART LIGHTING MARKET, BY COMPONENT
TABLE 8    NORTH AMERICA SMART LIGHTING MARKET, BY PRODUCT TYPE
TABLE 9    NORTH AMERICA SMART LIGHTING MARKET, BY LIGHT SOURCE
TABLE 10    NORTH AMERICA SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY
TABLE 11    NORTH AMERICA SMART LIGHTING MARKET, BY APPLICATION
TABLE 12    NORTH AMERICA SMART LIGHTING MARKET, BY REGION
TABLE 13    U.S. SMART LIGHTING MARKET, BY COMPONENT
TABLE 14    U.S. SMART LIGHTING MARKET, BY PRODUCT TYPE
TABLE 15    U.S. SMART LIGHTING MARKET, BY LIGHT SOURCE
TABLE 16    U.S. SMART LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY
TABLE 17    U.S. SMART LIGHTING MARKET, BY APPLICATION
Continued…
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Media Contact:
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312

Comments

Post a Comment

Popular posts from this blog

Penetration Testing Market 2021: Regions, Segmentation and Forecast to 2023

  Market Research Future published a research report on “Penetration Testing Market Research Report- Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023. Market Highlights: Penetration testing which is popularly known as pen-testing is a framework for measuring, testing and improving the current security procedures on information systems and supporting applications. The process of pen-test works in such a way that system can gain access to resources without prior-knowledge of identification media such as usernames, passwords and other normal ways of access. The surge in demand for secured the web applications to prevent against cyber-attacks and increase in internet penetration are some of the major driving factors for the growth of penetration testing market over the forecast period. The global penetration testing market is expected to reach approximately USD 2.8 billion by 2023 growing with 26% CAGR over the forecast period 2017-2023. Get Free
Read more

Automated Storage and Retrieval System (ASRS) Market Share Leaders, Growth Factors, Developments and Regional Forecast 2023

Market Research Future published a research report on “Automated Storage and Retrieval System (ASRS) Global Market Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023. Automated Storage and Retrieval System (ASRS) Market, By Type (Unit Load, Mini Load, Micro Load), By Applications   (Order Picking, Replenishment, Kitting, Order Picking, Distribution, Storage), By End-User (Semiconductor & Electronics, E-Commerce, Automotive, Chemicals, Aviation, Food & Beverages) - Forecast 2023 Market Synopsis: According to Market Research Future (MRFR)’s report, the global automated storage and retrieval system market is expected to thrive at a CAGR of 7.7% during the assessment period 2017 and 2023. The report suggests that the market is estimated to scale a decent valuation of USD 10.81 Bn by the end of 2023. These systems are widely used in warehouses and distribution facilities for effective inventory management. Technological dev
Read more

Penetration Testing Market 2021: Comprehensive Research Study and Strong Growth in Future 2027

  Market Research Future published a research report on “Penetration Testing Market Research Report- Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023. Market Highlights: Penetration testing which is popularly known as pen-testing is a framework for measuring, testing and improving the current security procedures on information systems and supporting applications. The process of pen-test works in such a way that system can gain access to resources without prior-knowledge of identification media such as usernames, passwords and other normal ways of access. The surge in demand for secured the web applications to prevent against cyber-attacks and increase in internet penetration are some of the major driving factors for the growth of  Penetration Testing Market  over the forecast period. The global penetration testing market is expected to reach approximately USD 2.8 billion by 2023 growing with 26% CAGR over the forecast period 2017-2023. Get Fr
Read more