Smart Lighting Market Attractiveness, Opportunities and Forecast to 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.
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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
-Luminaries
-Wired
-KNX
-Proprietary Protocols
-Wireless
-Indoor Lighting
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.
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Intended Audience
1 Market Introduction
1.1 Introduction
1.2 Scope Of Study
1.2.1 Research Objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure
2 Research Methodology
2.1 Research Component
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
3 Market Dynamics
3.1 Introduction
3.2 Market Drivers
3.3 Market Challenges
3.4 Market Opportunities
3.5 Market Restraints
4 Executive Summary
5.2 Supply Chain Analysis
Continued…
List Of Figures
Figure 1 Research Type
Figure 2 Smart Lighting Market, By Component
Figure 3 Smart Lighting Market, By Product Type
Figure 4 Smart Lighting Market, By Light Source
Figure 5 Smart Lighting Market, By Communication Technology
Figure 6 Smart Lighting Market, By Application
Figure 7 Smart Lighting Market, By Region
Figure 8 North America Smart Lighting Market, By Component
Figure 9 North America Smart Lighting Market, By Product Type
Figure 10 North America Smart Lighting Market, By Light Source
Figure 11 North America Smart Lighting Market, By Communication Technology
Figure 12 North America Smart Lighting Market, By Application
Figure 13 North America Smart Lighting Market, By Region
Figure 14 U.S. Smart Lighting Market, By Component
Figure 15 U.S. Smart Lighting Market, By Product Type
Figure 16 U.S. Smart Lighting Market, By Light Source
Figure 17 U.S. Smart Lighting Market, By Communication Technology
Continued…
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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:
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Office No. 528, Amanora Chambers
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Pune - 411028
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+1 646 845 9312
Email: sales@marketresearchfuture.com
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.
Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/960
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
-Luminaries
- Smart Bulbs
- Fixtures
- Sensors
- Switches & Dimmers
- Relay Units
- Gateways
- LED drivers & Ballasts
- Light Emitting Diode (LED)
- Fluorescent Lamps (FL)
- High Intensity Discharge Lamps (HID)
-Wired
- Power Line Communication
- Power Over Ethernet
- Digital Addressable Lighting Interface
- Wired Hybrid Protocols
- Others
-KNX
-Proprietary Protocols
-Wireless
- Enocean
- Wi-Fi
- ZigBee
- Wireless Hybrid Protocols
- Bluetooth
- 6lowpan
- Others
-Indoor Lighting
- Residential
- Commercial
- Industrial
- Others
- Architectural Lighting
- Lighting at Public Places
- Highways & Roadways Lighting
- Others
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.
Get Complete Report @ https://www.marketresearchfuture.com/reports/global-smart-lighting-market-960
Intended Audience
- Technology investors
- Research/Consultancy firms
- Technology providers
- Residential end-users
- Commercial end-users
- Industrial end-users
- Government bodies
1 Market Introduction
1.1 Introduction
1.2 Scope Of Study
1.2.1 Research Objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure
2 Research Methodology
2.1 Research Component
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
3 Market Dynamics
3.1 Introduction
3.2 Market Drivers
3.3 Market Challenges
3.4 Market Opportunities
3.5 Market Restraints
4 Executive Summary
- Market Factor Analysis
5.2 Supply Chain Analysis
Continued…
List Of Figures
Figure 1 Research Type
Figure 2 Smart Lighting Market, By Component
Figure 3 Smart Lighting Market, By Product Type
Figure 4 Smart Lighting Market, By Light Source
Figure 5 Smart Lighting Market, By Communication Technology
Figure 6 Smart Lighting Market, By Application
Figure 7 Smart Lighting Market, By Region
Figure 8 North America Smart Lighting Market, By Component
Figure 9 North America Smart Lighting Market, By Product Type
Figure 10 North America Smart Lighting Market, By Light Source
Figure 11 North America Smart Lighting Market, By Communication Technology
Figure 12 North America Smart Lighting Market, By Application
Figure 13 North America Smart Lighting Market, By Region
Figure 14 U.S. Smart Lighting Market, By Component
Figure 15 U.S. Smart Lighting Market, By Product Type
Figure 16 U.S. Smart Lighting Market, By Light Source
Figure 17 U.S. Smart Lighting Market, By Communication Technology
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
Email: sales@marketresearchfuture.com
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