Trade Resources Industry Views The Smart Lighting Industry Involves The Use of Lighting Control Systems

The Smart Lighting Industry Involves The Use of Lighting Control Systems

The smart lighting industry involves the use of lighting control systems that deliver correct amount of light when needed. It deals with the technology where lights can automatically perform various operations at set times or under set conditions. It makes use of intelligent lighting control systems to intelligently control light, based on various parameters such as; occupancy, movement, color temperature, amount of natural/daylight and so on. The customers of lighting control systems apply a set of such lighting control strategies using specific technologies and methods to control consumption of light energy. Automated lighting control not only provides less expensive and more flexible lighting, but also monitors various tasks carried out by the users. The smart lighting market is growing in a remarkable way and the main factors driving this growth are the rising growth of Light Emitting Diode (LED), lighting in commercial modernization, rapid growth of street lighting systems, and expansion of smart lighting for smart cities. At present there are many companies launching new products in the market.

M&M: Smart Lighting Market Global Forecast & Analysis to 2014-2020

It is observed that LED based lighting devices integrated with different types of wireless technologies have a good opportunity at present in the market. The wireless networking technologies are bringing intelligence to a new generation of smart lighting. The main drivers for the market include: incompatible wireless communication solutions, lack of awareness, more supply than demand, and difficulty of maintenance.

The growth of the smart lighting market in the coming years is expected to be very important, with the revenue growth estimated to reach $56.05 billion by 2020, at an estimated CAGR of 15.8% from 2014 to 2020. The major players in thismarket include: Acuity Brands, Inc. (U.S.), Legrand S.A (France), Lutron Electronics Company, Inc. (U.S) and Zumtobel AG (Austria). Several other acquisitions, mergers, new product launch, agreements and so on, have taken place recently and are discussed in the report.

The report covers the market by lighting type, lighting control components, connectivity technologies, application and geography of the market. It provides detailed analysis of the current market scenario and its estimation till the year 2020. The report profiles companies which are active in the field of smart lighting technology. It highlights the winning imperatives and burning issues related to the this industry. It also analyzes the market with the help of Porter’s five-force model. The report provides the competitive landscape of the players, which covers key growth strategies followed by all the major players.

Currently, Europeregion has the largest market for smart lighting especially in commercial and industrial, public and government buildings applications. Its has the second largest market in APAC. Several new players have emerged in this region, which have developed breakthrough products related to smart lighting. The market is expected to grow at a modest rate in the developed regions such as the Americas as well.

Building owners, government utilities and other stake holders are adopting the implementation of lighting control systems on a wider scale due to concern for energy consumption. Public and government buildings have the second largest share among all applications in the market. Commercial and industrial application has largest growth potential and will grow at the highest CAGR from 2014 to 2020 when compared with other applications.

Scope of the report

This research report categorizes the market, based on lighting type, lighting control components, connectivity technology and applications; it also covers the forecast revenue from 2014 to 2020. It describes the deployments of smart lighting technology in different regions. The report describes the applications mapping of the market with respect to the growth potential and adoption by the users.

On the basis of lighting type:

The market on the basis of lighting type consists of LED lamps, Fluorescent lamps (FL), Compact Fluorescent lamps (CFL), and High Intensity Discharge lamps (HID). The report covers this market based on these lighting types across North America, South America, Europe, Asia-Pacific, and RoW.

On the basis of lighting control components:

The market has also been separated based on lighting control components used in smart lighting systems such as; relays, controllable breakers, occupancy sensors, dimming actuators, switch actuators, blind/ shutter actuators, transmitters and receivers.

On the basis of connectivity technology:

This market is segmented according to connectivity technology used to connect different smart lighting devices. The connectivity technology which are used are as follow; wired, wireless and others.

On the basis of application areas:

Application areas of smart lighting have been categorized into commercial and industrial, residential, outdoor lighting, public and government buildings and automobiles.

On the basis of geography:

Geographical analysis covers North America, South America, Europe, Asia-Pacific, and Rest of World (RoW).

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M&M: Smart Lighting Market Global Forecast & Analysis to 2014-2020
Topics: Lighting