|
Home | Technology News Search Engine:
|
|
|
|
Home: Technology News:
|
|
|
(IT-NEWSWIRE.COM, September 05, 2019 ) Market Overview
• Smart Lighting is a technology primarily designed for energy efficiency. It usually operated in such a way that the consumer will be able to control the lighting installed using an application on his/her smartphone. Most of these apps provide options which are called light recipes which are basically a host of different palettes that are suitable for a particular environment, say watching movie, or cooking, or reading.
• The report covers all the major trends and drivers playing a key role in the growth of the Smart Lighting market. Smart Lighting market is segmented by Product Type, Lighting Source, Application and Region.
Market Dynamics
• The Global Smart Lighting Market is primarily driven by the increasing need for energy efficiency, and therefore favorable government policies that are aimed at promoting their use. This aside, the rapid rate of urbanization in has directly contributed to the increase in demand as the increase in construction activities implies a rise in the number of residential buildings, and commercial establishments favors the growth of the market. India, a one of the fastest developing countries in the world, has seen its urban population rise from ~31% in 2010, to ~34% in 2017, according to the world bank. Another driver for this market is the shift in preferences of the consumers from traditional incandescent lamps to other energy efficient alternatives like LED bulbs, fluorescent bulbs etc.
• The market, however, is hindered by factors such as a lack of awareness among people, and a high initial setup cost.
Marke Segmentation
• By Product Type, the Global Smart Lighting Market is segmented into Wired and Wireless lighting systems. Although the wireless lights segment is expected to show a healthy growth rate, the wired lighting segment will be dominating the market as these products are more reliable and give the end user more control. Nevertheless, the future seems to be of the wireless lighting systems as technological progress is expected to pave the way for their advancement.
• By Lighting Source, the Global Smart Lighting Market is segmented into LED Lamps, Fluorescent Lamps, and Incandescent Lamps, and others. The LED lighting segment is forecasted to dominate this segment, capturing a high market share. This is primarily because the LED lighting systems have emerged as an energy efficient and cost-effective alternative. This is the reason LED Lighting is endorsed by governments across the world. Philips Lighting, a major competitor, for example, saw a whopping 10% increase in their LED lighting share in total sales, from 55% to 65%.
• By Application, the Global Smart Lighting Market is segmented into lights for Indoor Use and Outdoor Use. The indoor smart lights dominate this segment owing to the increased adoption of such connected lighting systems in residential complexes, and commercial buildings. This, coupled with the fact that there is an increasing awareness on the customizations and power saving capabilities of smart lighting.
• Be that as it may, the outdoor lighting segment is forecasted to be have the highest growth, with many countries across the world undertaking projects to revamp their domestic street-lighting systems. Street lights which can switch on/off based on the time of the day, level of traffic and so on are the need of the hour.
Geographical Analysis
By geography, the global Smart Lighting market is segmented into
• North America,
• Asia-Pacific (APAC),
• Europe,
• South America,
• Middle East
• Africa (MEA).
Company profiles
The major players
• Digital lumens,
• Legrand S.A,
• Acuity brands INCO
• Others
View full sample report: https://www.datamintelligence.com/research-report/smart-lighting-market
Download free sample: https://www.datamintelligence.com/download-sample/smart-lighting-market
About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at Data M Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com
DataM Intelligence
Sai Kiran
+1 877 441 4866
pr@datamintelligence.com
Source: EmailWire.Com 
Source: EmailWire.com
|
|
|
|
|
Technology News Headlines
|
|
|
|
|
Technology Business Video Feed
|
|
More Technology Video Feeds
|
|
|
