Smart Lighting Market 2018 Analysis focusing on Companies Analysis by Philips Lighting Holding B.V., Acuity Brands Lighting, Inc., OSRAM GmbH. Cree, Inc., GENERAL ELECTRIC, Eaton., Honeywell International Inc., Legrand., Hubbell., Zumtobel Group AG, Häfe
The Global Smart Lighting Market is expected to reach USD 22.98 Billion by 2025, from USD 8.25 Billion in 2017, growing at a CAGR of 23.5% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2014 & 2015, the base year of calculation is 2016 and the forecast period is 2018 to 2025.
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Some of the major players operating in the global smart lighting market are:-
Philips Lighting Holding B.V.,
Acuity Brands Lighting, Inc.,
OSRAM GmbH. Cree, Inc.,
Honeywell International Inc.,
Zumtobel Group AG,
Lutron Electronics Co., Inc,
Wipro Consumer Care & Lighting.,
Leviton Manufacturing Co., Inc. ,
Switchmate Home LLC ,
SYSKA LED ,
ISOTERA LTD. ,
Lifi Labs, Inc.,
The global smart lighting market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of smart lighting market for global, Europe, North America, Asia pacific and South America.
Major Market Drivers:
Increasing demand for energy-efficient lighting systems
Decreasing cost of LED light
Rising demand for intelligent solutions for street lighting systems
Security issues in smart lighting systems
Higher installation cost and inadequate awareness about payback periods
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The global smart lighting market is segmented into offering, communication technology, application type, installation type, and by geography.
Based on offering, the global smart lighting market is classified into hardware, software and services. Hardware is segmented into lights & luminaires and lighting controls. Lights & luminaires is sub segmented into smart bulbs and fixtures. Lighting controls is sub segmented into led drivers & ballasts, sensors, switches & dimmers, relay units and gateways. Switches & dimmers is sub segmented into switches and dimmers. Switches are further sub segmented into manual on/off switches and electronic switches. Dimmers are further sub segmented into wired dimmers and wireless dimmers. Software is segmented into local/web-based software and cloud-based software. Services are segmented into design & engineering, installation services and post-installation services.
On the basis of communication technology, the global smart lighting market is segmented into wired technology and wireless technology. Wired technology is further sub segmented into digital addressable lighting interface, power-line communication, power over ethernet and wired hybrid protocols. Wireless technology is further sub segmented into zigbee, bluetooth/bluetooth low energy, enocean, Wi-Fi, 6lowpan, and wireless hybrid protocols.
On the basis of application type, the global smart lighting market is classified into indoor application, outdoor application, architectural and public places. Indoor application is segmented into residential, commercial and industrial. Commercial is further sub segmented into retail, hospitality and office lighting. Outdoor application is segmented into highways & roadways, architectural and public places. Highways & roadways is further sub segmented into highways, street & roadways and tunnels & bridges.
On the basis of installation type, the global smart lighting market is segmented into new installation and retrofit installation.
Based on geography, the global smart lighting market report covers data points for 28 countries across multiple geographies namely north America & south America, Europe, Asia-Pacific And, Middle East & Africa.
Some of the major countries covered in this report are
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