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.
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.
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.
Smart Lighting market can be segmented on the basis of following:
By Product Type
Switches & Dimmers
LED drivers & Ballasts
-By Light Source
Light Emitting Diode (LED)
Fluorescent Lamps (FL)
High Intensity Discharge Lamps (HID)
By Communication Technology
Power Line Communication
Power Over Ethernet
Digital Addressable Lighting Interface
Wired Hybrid Protocols
Wireless Hybrid Protocols
Lighting at Public Places
Highways & Roadways Lighting
Get Complete Report @ https://www.marketresearchfuture.com/reports/global-smart-lighting-market-960
TABLE OF CONTENTS
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
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.
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
+1 646 845 9312
Email: [email protected]