Press release
Smart Lighting Market 2018 | Enormous Development Foreseen With Impressive CAGR 27.31% during 2023 Acuity Brands, Legrand, Encelium Technologies Inc, Streetlight Vision, Philips, Honeywell Automation India Ltd, Zumtobel Group, Lutron Electronics Company,
Smart Lighting Market
Competitive Insights
The leading players in the market are Acuity Brands, Legrand, Encelium Technologies Inc, Streetlight Vision, Philips, Honeywell Automation India Ltd, Zumtobel Group, Lutron Electronics Company, Digital Lumens and Osram. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
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Industry Trend Analysis Overview:
The Smart Lighting Market was worth USD 2.79 billion in 2014 and is expected to reach approximately USD 24.50 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 27.31% during the forecast period. The smart lighting market is driven by expanding demand for vitality effective lighting systems fundamentally focused at diminishing energy usage in business and industrial structures. Additionally, progressions of sensors and connecting technologies in the field of smart lighting are further boosting the market development. Moreover, expanding penetration of energy proficient lighting, for example, LED lights is further boosting the development of worldwide keen lighting market amid the conjecture time frame. Smart lighting systems installed with different sensors and remote technology can considerably decrease energy usage contrasted with conventional lighting systems. A standout amongst the most unmistakable uses of smart lighting incorporates industrial and commercial structures.
Regional Insights
Europe held the biggest share of the brilliant lighting market in 2015, while the market in North America is foreseen to be the second-biggest in the following years. Europe has a populace, a large portion of whom has an exclusive requirement of living. The general population in this area have the required money invest in smart homes, which are fitted with a few and inventive smart lighting systems. The high development of the market in APAC can be ascribed to the progressing modernization projects in the creating economies, for example, China and India, where the legislatures have affirmed the development of a few brilliant urban areas.
Component Outlook and Trend Analysis
On the basis of components the market is segmented into dimmer actuators, controllable breakers, sensors, relays, switch actuators, and others. On the basis of revenue, controllable breakers held dominant share of the keen lighting market in 2014 and is foreseen to proceed with its driving position all through the conjecture time frame. Interest for smart controllable breakers with cutting edge programmable highlights have ascribed to expanding substitution of customary breakers, driving the development of the section.
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Market Segmentation-
By Component:
Controllable Breakers
Sensors
Dimmer Actuators
Relays
Switch Actuators
Others
By Lighting Type:
Compact Fluorescent Lamp
High Intensity Discharge Lamp
LED Lamps
Fluorescent Lamp
Others
By Application:
Outdoor Lighting
Commercial & Industrial
Public & Government Buildings
Residential
Others
By Region-
Middle East And Africa (Saudi Arabia, UAE, Egypt, Nigeria And South Africa)
North America (U.S, Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest Of Europe)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest Of Asia-Pacific)
Rest Of The World (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates, Others)
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Major Table of Contents:
Chapter 1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
Chapter 2. Executive Summary
2.1. Key Highlights
Chapter 3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
4. Smart Lighting Market, By Component
4.1. Introduction
4.2. Global Smart Lighting Sales, Revenue and Market Share By Component (2014-2017
4.2.1. Global Smart Lighting Sales and Sales Share By Component (2014-2017
4.2.2. Global Smart Lighting Revenue and Revenue Share By Component (2014-2017)
4.3. Smart Lighting Market Assessment and Forecast, By Component, 2014-2023
4.4. Controllable Breakers
4.4.1. Market Assessment and Forecast, By Region, 2014-2023($Billion)
4.5. Sensors
4.5.1. Market Assessment and Forecast, By Region, 2014-2023($Billion
4.6. Dimmer Actuators
4.6.1. Market Assessment and Forecast, By Region, 2014-2023($Billion)
4.7. Relays
4.7.1. Market Assessment and Forecast, By Region, 2014-2023($Billion)
4.8. Switch Actuators
4.8.1. Market Assessment and Forecast, By Region, 2014-2023($Billion)
5. Smart Lighting Market, By Lighting Type
5.1. Introduction
5.2. Global Smart Lighting Sales, Revenue and Market Share By Lighting Type (2014-2017)
5.2.1. Global Smart Lighting Sales and Sales Share By Lighting Type (2014-2017)
5.2.2. Global Smart Lighting Revenue and Revenue Share By Lighting Type (2014-2017)
5.3. Smart Lighting Market Assessment and Forecast, By Lighting Type, 2014-2023
5.4. Compact Fluorescent Lamp
5.4.1. Market Assessment and Forecast, By Region, 2014-2023($Billion)
5.5. High Intensity Discharge Lamp
5.5.1. Market Assessment and Forecast, By Region, 2014-2023($Billion)
5.6. LED Lamps
5.6.1. Market Assessment and Forecast, By Region, 2014-2023($Billion)
5.7. Fluorescent Lamp
5.7.1. Market Assessment and Forecast, By Region, 2014-2023($Billion)
5.8. Others
5.8.1. Market Assessment and Forecast, By Region, 2014-2023($Billion)
……CONTINUED FOR TOC
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