Feb 16, 2020 (HTF Market Intelligence via COMTEX) --
HTF Market Intelligence released a new research report of 115 pages on title 'Global Smart Lighting Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2025' with detailed analysis, forecast and strategies. The study covers key regions that includes North America, Europe or Asia and important players such as Acuity Brands (United States), OSRAM (Germany), Cree (United States), Hubbell (United States), Zumtobel Group (Austria), Honeywell (United States).
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Smart Lighting Market Scope
Smart lighting, a technology which is designed to reduce energy consumption and achieve better energy efficiency. It is generally uses mesh networking and control system which intelligently control light, based on various parameters including temperature, occupancy, and natural light accuracy. In the current scenario, increasing government expenditure on public infrastructure and focusing on reducing the energy utilization by substituting the traditional lighting systems with efficient and advance lighting control systems are the major driving factors in the growth of the very market worldwide.
The market study is being classified by Type (Lights & Luminaires and Lighting Controls), by Application (Residential, Commercial Lighting, Healthcare, Traffic, Industrial and Others) and major geographies with country level break-up. According to HTF, the Global Smart Lighting market is expected to see growth rate of 20.8% and may see market size of USD21.2 Billion by 2024.
Research Analyst at HTF predicts that Global Players will contribute to the maximum growth of Global Smart Lighting market throughout the predicted period.
Acuity Brands (United States), OSRAM (Germany), Cree (United States), Hubbell (United States), Zumtobel Group (Austria), Honeywell (United States), Gooee (United Kingdom, Hafele Group (Germany), Philips Lighting (Netherlands), Hafele Group (Germany), Legrand (France), Eaton (Ireland), Lutron Electronics (United States), General Electric (United States), Leviton Manufacturing Co. Inc (United States) and Lifi Labs Inc. (Australia) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Nualight Limited (Ireland), Syska LED (India), Tao Light (Hong Kong), Virtual Extension Ltd. (Israel) and Wipro Consumer Care and Lighting (India).
HTF has segmented the market of Global Smart Lighting market by Type, Application and Region.
On the basis of geography, the market of Smart Lighting has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Installation Type, the sub-segment i.e. New Installation will boost the Smart Lighting market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Lighting Type, the sub-segment i.e. HID Lamps will boost the Smart Lighting market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Communication Technology, the sub-segment i.e. Wired Technology will boost the Smart Lighting market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
April 2018, Lutron Electronics, the leader in smart lighting controls and automated shading solutions, has signed an agreement to acquire Ketra, whose Natural Light solutions provide the highest-quality light, that seamlessly emulates daylight in interior spaces
The US Department of Energy (DOE) has begun the process of changing the scope of which products fall under the designations "general service lamp" (GSL) and "general service incandescent lamp" (GSIL), essentially rolling back policy that would have required a conversion of more lamp types to LED sources in the coming year. In addition, The NEMA (National Electrical Manufacturers Association) organization has taken legal action and lobbied for such a change, supported by major light-bulb manufacturers that are members of the organization.
The Growth of Smart Building and Development of Infrastructure to Transform Cities Into Smart Cities
Increasing Demand for Intelligent Solutions for Street Lighting Systems
Surging Need for Energy-Efficient Lighting Systems
Increasing Penetration and Decreasing Cost of LEDs
Growing Awareness About Energy Savings Among Consumers and Governments Worldwide
OpportunitiesAdvancement of Wireless Communication Technology for Smart Lighting Systems
Increasing Number of Smart City Projects in Developing Economies
Deployment of IoT Technology for Smart Lighting
Perception of Higher Costs of Installation and Limited Awareness About Payback Periods
Security and Privacy Issues in Smart Lighting Systems
Lack of Universal Open Standards for Aiding Communication Between All IoT Devices
Key Target Audience
Semiconductor and Electronic Component Manufacturers and Distributors, Sensor Manufacturers and Distributors, Raw Material and Manufacturing Equipment Suppliers, Original Equipment Manufacturers (OEMs), Technology Solution Providers, Technology Standards Organizations, Forums, Alliances, and Associations, System Integrators, Lighting and Lighting Control System Manufacturers, Lighting Control System Manufacturers, Value-Added Resellers and Others
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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Strategic Points Covered in Table of Content of Global Smart Lighting Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2025 Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Global Smart Lighting Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2025market. (Introduction, Scope of the Report)Chapter 2: Exclusive Summary - the basic information of the Global Smart Lighting Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2025 Market. (Introduction)
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of the Global Smart Lighting Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2025 (Market Dynamics- Drivers, Trends, Opportunity, Restraints & Challenges)
Chapter 4: Presenting the Global Smart Lighting Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2025 Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region 2013-2018
Chapter 6: Evaluating the leading manufacturers of the Global Smart Lighting Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2025 market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.
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