Press release
Global Smart Lighting and Control Systems Market Trends and Forecast Report 2016 – 2024
Smart Lighting Market Report
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The report covers all the prominent trends and technologies playing a major role in the growth of the smart lighting and control systems market over the forecast period. It also highlights various drivers, restraints, and opportunities expected to influence the market’s growth during this period. The study provides a holistic perspective of the growth of the smart lighting and control systems market throughout the forecast period in terms of revenue estimates (in US$ Bn), across Asia Pacific (APAC), South America, North America, Europe, and Middle East & Africa (MEA) regions.
The report provides analysis of the global smart lighting and control systems market in terms of market estimates and forecasts for all the segments across different geographic regions.
Global Smart Lighting and Control Systems Market: Drivers and Trends
Smart lighting and control systems enable high energy efficiency and improved lighting controls in lighting applications. The increasing adoption across residential and outdoor lighting applications such as street lighting, parking lots, walkways, and others such as playing fields is developing strong demand for smart lighting and control systems across the world. The growing deployment of smart lighting solutions in street lighting projects, and home automation projects are primarily driving the smart lighting and control systems market.
The robust demand for wireless lighting controls is forming around the globe owning to the growing penetration of smartphones and internet of things technology (IoT). In addition, the governments across the world are emphasizing on greenhouse emission awareness, and energy conservation by promoting substantial initiatives and implementing sustainable solutions which is supplementing the growth of smart lighting and control systems market.
Key Players Mentioned in this Report are:
The increasing adoption of advance and wireless lighting controls has led to the substantial presence of smart lighting and control system vendors around the globe. Some of the key players in smart lighting and control systems market are General Electric Company, Koninklijke Philips N.V., Belkin International, Inc., Eaton Corporation, Lightwave PLC, Elgato Systems, LiFI Labs, Inc., Honeywell International, Inc., Lutron Electronics Company, Inc., and Acuity Brands Lighting, Inc.
Market Segmentation
• Smart Lighting and Control Systems Market, by Lighting Source
• Fluorescent Lamps and Compact Fluorescent Lamps
• High Intensity Discharge Lamps (HID)
• Light Emitting Diodes (LED) Lights and Lamps
• Smart Lighting and Control Systems Market, by End-use Application
• Residential
• Commercial
• Industrial
• Outdoor Lighting Applications
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