Press release
Outdoor LED Smart Lighting Solution Market 2018 Global Leaders: Schneider Electric SE, Cooper Industries, Acuity Brands, General Electric, Osram Licht AG, Honeywell International
Outdoor LED Smart Lighting Solution Market – Overview
The outdoor lighting market has grown at a rapid pace in the past few years owing to increased applications for the products. Market Research Future which focusses on market reports linked to electronics & semiconductors sector amongst others recently made available a report on this sector. The outdoor LED smart lighting solution sector is estimated to develop roughly at USD 8 Billion by 2022 with a 12 per cent CAGR in the forecast period between 2016 and 2022.
The demand for smart lighting solutions especially for outdoor or exterior use has grown considerably in the past few years. Increased demand for better lit structures or facades has increased the demand for the market significantly. As LED lighting has better output they are being increasingly preferred for outdoor applications. With increasing reach of IoT in the lighting sector has bolstered smart lighting demand. The cost and time benefits of outdoor LED smart lighting solution market will buoy the growth of the market significantly in the forecast period.
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Outdoor LED Smart Lighting Solution Market Segmentation
The outdoor LED smart lighting solution Market has been segmented on the basis of deployment and service. On basis of application the outdoor led smart lighting solution consists of street lighting, landscape lighting, stadium, parking, waterways, others. The implementation of LED smart solutions in street lighting has following benefits LED or retro-fitting to existing fixtures, With remote control, you can save energy by only using the precise amount of light you need and by accurately measuring every watt used. You can cut maintenance costs with real-time fault monitoring and by using detailed operational intelligence to improve day-to-day effectiveness and planning.
Key Players
The prominent players in the outdoor LED smart lighting solutions are Philips Lighting Holding B.V. (Netherlands), Acuity Brands, Inc. (U.S.), General Electric (U.S.), Osram Licht AG (Germany), Honeywell International Inc. (U.S.), Cooper Industries, Inc. (U.S.), Schneider Electric SE (France), Digital Lumens, Inc. (U.S.), Streetlight. Vision (France), Lutron Electronics Company, Inc. (U.S.), among others.
Market Research Analysis:
Market Research Future Analysis shows that new adoptions of internet of things and smart lighting solutions is driving the outdoor LED smart lighting solution market. It has been observed that developments in Smart Street lighting concept result in significant growth of outdoor led smart lighting solution market. The major benefits of outdoor LED smart lighting solution are LEDs can emit light of an intended color without the use of color filters that traditional lighting methods require. This is more efficient and can lower initial costs, the solid package of the LED can be designed to focus its light. Incandescent and fluorescent sources often require an external reflector to collect light and direct it in a usable manner and LEDs can be very small and are easily populated onto printed circuit boards. These factors would definitely increase the outdoor led smart lighting solution market very soon.
Regional analysis for outdoor LED smart lighting solution market is studied in different geographic regions as Americas, Europe, Asia-Pacific and Rest of world. The study reveals that North America followed by European region would evolve as a leader in outdoor led smart lighting solution market. The study indicates large investments by European government towards outdoor led smart lighting solution would result in rapid growth of outdoor LED smart lighting solution market by the forecast period. The two are expected to collectively account for major share in the market throughout the forecast period. The European region’s dominance is due to the increasing adoption of smart lighting solution in different application segments including commercial, industrial, outdoor and residential segment. However, the Asia Pacific smart lighting market is likely to exhibit rapid growth in the coming years.
Industry Updates:
Feb 2018 Wipro Lighting which is a part of Wipro Consumer Care and Lighting Group recently revealed its solutions for connected indoor and outdoor lighting smart solutions at an event recently. Wipro Lighting has worked in partnership with top global technology firms like pureLi-Fi which is Scotland based and Cisco. They have worked together with Cisco for Power over Ethernet (PoE) based lighting solutions and are also delivering human-centric lighting solutions for modern office setups. The Internet of Lighting (IoL) venture is a step on track to provide their customers with pioneering solutions in lighting and technology. Wipro Lighting will also be extending its solutions and applications right from smart buildings, smart homes to smart cities under the brand individuality of IoL.
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Intended Audience
• Investors and consultants
• System Integrators
• Government Organizations
• Research/Consultancy firms
• Technology solution providers
• LED Manufacturers
• Smart Lighting Solution Providers
About Us:
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.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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