Smart Lighting Market 2020: Geography 2020 analysis and Forecast 2023

Market Insight

The smart lighting market is gaining substantial traction attributed to the ongoing innovations that are taking place in lighting solutions. On this note, Market Research Future has published a new report stating that the global smart lighting market can expect a hike of approximately 27% CAGR during the forecast period 2017-2027.

Market Drivers & Trends

With better technology, the trending lighting solutions are providing new opportunities to leverage new businesses across the globe, which has assisted the market in proliferating in the current time.

an add on, government organizations in various countries, around the world, are initiating in developing smart cities and installing smart lighting. These factors are augmenting the global Smart Lighting Market and are estimated to expand it in the foreseeable years having an increasing demand in various other fields.

In case of point, Koninklijke Philips N.V., Schiphol Group, Cofely, and Royal Philips are marvels of the market who entered with collaborating for new lighting system in the terminal buildings at Amsterdam Airport Schiphol. These lights would be responsible for optimum performance, durability as well as could be re-used and recycled anytime. The modernization in LED has also led to the global smart lighting market to expand remarkably over the years

Furthermore, growing awareness about environmental benefits is also a significant concern which is initiating the market to increase the production of smart lighting and could impact the market growth positively. Apart from this, more factors such as rising and improving wireless communication technology as well as growing investment in smart home & cities market are expected to impact the growth of the market constructively in the assessment period.

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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.

Segmentation:

The global smart lighting market is segmented on the basis of component, product type, communication technology, application, and region.

• By component, the global smart lighting market is segmented into software and services.
• By product type, the global smart lighting market is segmented into luminaries and lighting controls.
• By light source, the market is segmented into LED, fluorescent lamps, and high-intensity discharge lamps.
• By communication technology, the global smart lighting market is bifurcated into wired and wireless, which are further segmented into power line communication, power over ethernet, digital addressable lighting interface, wired hybrid protocols, and others, and Enocean, wi-fi, ZigBee, wireless hybrid protocols, Bluetooth, 6lowpan, and others, respectively.
• By application, the global smart lighting market is segmented into indoor and outdoor lighting. The indoor lighting segment is sub-segmented into residential, commercial, industrial, and others, while the outdoor lighting segment is further segmented into architectural lighting, lighting at public places, highway and roadway lighting, and others.

Regional Analysis:

Europe is the leading regional segment of the global smart lighting market and is likely to retain a strong hold over the smart lighting market over the forecast period due to the growing public and government support to environmentally beneficial technology. The long-term cost and power savings offered by smart lighting systems have resulted in widespread application of smart lighting in Europe. The supportive presence of the required infrastructure and financial concessions is likely to be a key driver for the smart lighting market in Europe over the forecast period. North America is also likely to witness a growing demand for smart lighting over the forecast period.

Get Complete Report @ https://www.marketresearchfuture.com/reports/global-smart-lighting-market-960

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

Continued…

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