|10-05-2018 05:10 PM CET - Advertising, Media Consulting, Marketing Research||
Smart Lighting Market will Witness a Rise in Revenues With CAGR Of 23.5% Followed By Top Companies Like Philips Lighting, GE, Eaton, Honeywell, Syska LED, Acuity Brands, OSRAM, Hubbell Incorporated, Legrand
Press release from: Data Bridge Market Research
According to the Smart Lighting Market report, the global market is expected to witness a relatively higher growth rate during the forecast period. The global market report also contains the drivers and restrains for the Smart Lighting market that are derived from SWOT analysis, and also shows what all the recent developments, product launches, joint ventures, merges and accusations by the several key players and brands that are driving the market are by systemic company profiles. The Market Report also provides an analytical assessment of the prime challenges faced by Smart Lighting Market currently, and in the coming years, which helps Market participants in understanding the problems they may face while operating in this Market over a longer period of time.
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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Global Smart Lighting Market, By Offering (Hardware, Software, Services), By Communication Technology (Wired Technology, Wireless Technology), By Application Type (Indoor Application, Outdoor Application, Architectural, Public Places), By Installation Type (New Installation, Retrofit Installation), By Geography (North America, Europe, Asia Pacific, South America, Middle East & Africa)– Industry Trends and Forecast to 2025
Complete report on Global Smart Lighting Market Research Report 2018-2025 spread across 350 Pages, profiling Top companies and supports with tables and figures
Market Definition: Global Smart Lighting Market
This market report defines the market trends and forecast the upcoming opportunities and threats of the smart lighting market in the next 8 years. Smart lighting is a technology which can be controlled from an app, usually on Apple or Android phone. The app allows individual to change the brightness of the bulbs, and if have coloured LEDs it can also change their colours .It is a technology basically designed for energy efficiency. This embrace high efficiency fixtures and automated controls which make adjustments like occupancy or daylight availability depending on weather conditions. Smart lighting includes many technologies under certain conditions, indoor and outdoor lights will work mechanically. There are various applications of smart lighting networks but main feature of smart lights is that, it is capable of instantly switching on the light when someone enters a room and change colour when something occurs. Various developments have taken place in this, for instance SRAM Licht AG launched SIMPLUX in December 2017, which is a LED based smart control system basically designed for small and medium sized spaces in organization to have control and automation capabilities on electronic devices.
Key Questions Answered in Global Smart Lighting Market Report:-
Our Report offers:-
• What will the market growth rate, Overview and Analysis by Type of Global Smart Lighting Market in 2025?
• What are the key factors driving, Analysis by Applications and Countries Global Smart Lighting Market?
• What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Global Smart Lighting Market?
• Who are Opportunities, Risk and Driving Force of Global Smart Lighting Market?
• Who are the opportunities and threats faced by the vendors in Global Smart Lighting Market? Business Overview by Type, Applications, Gross Margin and Market Share
• What are the Global Smart Lighting Market opportunities, market risk and market overview of the Market?
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Major Market Drivers and Restraints:
• 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
Top Key Players:
• Philips Lighting Holding B.V.
• Acuity Brands Lighting, Inc.
• OSRAM GmbH. Cree, Inc.
• GENERAL ELECTRIC
• Honeywell International Inc.
• Zumtobel Group AG
• Häfele, Lutron Electronics Co. Inc
• Wipro Consumer Care & Lighting.
• Virtual Extension.
• Leviton Manufacturing Co., Inc.
• Switchmate Home LLC
• SYSKA LED
• ISOTERA LTD.
• Lifi Labs, Inc.
• Nualight Limited
• among others.
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Key Reasons to Purchase:
• To gain insightful analyses of the market and have comprehensive understanding of the Global Smart Lighting Market and its commercial landscape.
• Assess the Smart Lighting production processes, major issues, and solutions to mitigate the development risk.
• To understand the most affecting driving and restraining forces in the Smart Lighting Market and its impact in the Global market.
• Learn about the market strategies that are being adopted by leading respective organizations.
• To understand the future outlook and prospects for Global Smart Lighting Market.
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Customize report of "Global Smart Lighting Market" as per customers requirement also available.
Global Smart Lighting Market is segmented on the basis of
• Communication Technology
• Application Type
• Installation Type
Market Segmentations in Details:
On the basis of Offering, the global smart lighting market is classified into hardware, software and services.
On the basis of Communication Technology, the global smart lighting market is segmented into wired technology and wireless technology.
On the basis of Application Type, the global smart lighting market is classified into indoor application, outdoor application, architectural and public places.
On the basis of Installation Type, the global smart lighting market is segmented into new installation and retrofit installation.
On the basis of Geography,
• North America
• South America
• Middle East & Africa
Competitive Landscape: Global Smart Lighting Market
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.
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