Press release
Smart Lighting Market 2025 | Acuity Brands, Inc., Lutron Electronics, co., Legrand SA, OsramLicht AG, Honeywell International Inc., Zumtobel AG, Royal Phillips N. V, Digital Lumens, Inc
Smart lighting system is an innovative technology featured with automated controls that make adjustment of light based on occupancy and daylight availability for energy efficiency and cost saving. Lighting control system reduces energy consumption by switching off lights when not in use or dim the lights based on daylight availability owing to which energy is utilized in a better way. Global smart lighting market is expected to grow in the forecasted period, in 2017 market size of the smart lighting was XX million and in 2025 is expected to reach at XX million with growing CAGR of XX%.
Market Dynamics:
One of the major driver for the growth of smart lighting market is rising adoption of LED lights in various sectors such as residential, commercial and healthcare. Hospitals are installing led lights to create relaxing atmosphere, for instance, Hillerod Hospital in Denmark has installed smart LED lights along with audio system in the maternity ward which provides women peace of mind while giving birth and helps to reduce stress. However, higher cost of installation and limited awareness about payback of smart lighting devices can be a major restrains of the smart lighting market.
Request For Report Sample: https://www.researchreportinsights.com/report/upsample/120124631/Smart-Lighting-Market
The rising need of efficient smart lighting systems and speedy development of sensor and wireless technology increasing demand for smart lighting solutions fordeveloping smart cities and street lighting could emerge as a huge growth opportunity for smart lighting market players. However, incompatible wireless solutions and high initial investment are expected to be a mojor threat to the growth of this market.
Market Players:
Acuity Brands, Inc., Lutron Electronics, co., Legrand SA, OsramLicht AG, Honeywell International Inc., Zumtobel AG, Royal Phillips N. V, Digital Lumens, Inc., IKEA and Streetlight Vision are some of the prominent players in the smart lighting market, these players such as Philips, Osram, and IKEA are using ZigBee wireless networking technology in their product offering. Similarly, other companies are also focusing on extracting street lighting contracts to gain competitive edge in the market.
Market Segmentation:
The smart lighting market is segmented on the basis of application, component, lighting type and regions.On the basis of applications the smart lighting market can be segmented into government and public, residential, industrial and commercial. The residential market is expected to grow in the forthcoming years as residents are investing in smart home.
Further, on the basis of lighting source the smart lighting market is divided into LED Lamps, high intensity discharge lamp, fluorescent lamp, compact fluorescent lamp and others. LED lamps are expected to dominate the market as LED lamps are energy efficient and durable.
Request For TOC: https://www.researchreportinsights.com/report/TOC/120124631/Smart-Lighting-Market
Market segmented on the basis of application:
? Government and Public
? Commercial
? Industrial
? Residential
? Others
Market segmented on the basis of components:
? Relays
? Controllable Breakers
? Sensors
? Switch Actuators
? Dimmer Actuators
? Others
Market segmented on the basis of lighting Type:
? LED Lamps
? Fluorescent Lamp
? Compact Fluorescent Lamp
? High Intensity Discharge Lamp
? Others
Market segmented on the basis of region:
? North America
• US
• Canada
• Mexico
? Europe
• UK
• Germany
• France
• Rest of Europe
? Asia-Pacific
• China
• Japan
• India
• Australia
• Rest of Asia-Pacific
? Latin America
• Brazil
• Rest of Latin America
? Middle East and Africa (MEA)
• South Africa
• Saudi Arabia
• Rest of MEA
Report Analysis: https://www.researchreportinsights.com/report/upcomming/120124631/Smart-Lighting-Market
About Us
Research Report Insights (RRI) is a leading market intelligence and consulting firm. We deliver a host of services including custom research reports, syndicated research reports, and consulting services which are personalised in nature. RRI delivers a complete packaged solution to clients; this combines current market intelligence, technology inputs, statistical anecdotes, valuable growth insights, 360-degree view of the competitive framework, and anticipated market trends
Contact Us:
Research Report Insights (RRI
42 Joseph Street
Port carling P0B 1J0
Muskoka, Ontario1
Phone - +1-631-721-4201
Website: https://www.researchreportinsights.com
Email: sales@researchreportinsights.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Smart Lighting Market 2025 | Acuity Brands, Inc., Lutron Electronics, co., Legrand SA, OsramLicht AG, Honeywell International Inc., Zumtobel AG, Royal Phillips N. V, Digital Lumens, Inc here
News-ID: 1401270 • Views: …
More Releases from Research Report Insights
Automotive Brake System Market 5.7% of CAGR throughout 2017-2022 Research Report …
The global automotive brake system market is anticipated to witnessing a substantial growth due to fresh prospects of the automotive industry in emerging along with developing economies and increased safety concerns by the government. It was stated in the report that the overall growth of the market is expected to reach a market value of above US$ 25 Billion through 2022, exhibiting a strong 5.7% of CAGR throughout 2017-2022.
In modern…
Automotive Brake System Market 2022 | Continental AG, Robert Bosch GmbH, Wabco H …
The global automotive brake system market is anticipated to witnessing a substantial growth due to fresh prospects of the automotive industry in emerging along with developing economies and increased safety concerns by the government. It was stated in the report that the overall growth of the market is expected to reach a market value of above US$ 25 Billion through 2022, exhibiting a strong 5.7% of CAGR throughout 2017-2022.
In modern…
Tarpaulin Sheets Market These factors, thus, are likely to boost the plastic mar …
A tarpaulin is a big sheet of water-proof material available in various sizes, generally being crafted from plastic like HDPE, LDPE. Tarps can be used to refuge any kind of items. Tarpaulins can efficiently be used to cover goods in the course of shipping and then they also can be used to house goods internal of a truck body so they are not uncovered to the elements.
The Tarpaulin Sheets Market…
Research Report Insights present kayaks market by 21 percent, or over by $42 mil …
Kayaking is a watersport which involves paddling using a double-bladed oar and a small boat known as a kayak. The boats come in a variety of sizes and types, depending on their intended use, but most kayaks feature an enclosed deck which covers the legs. The boat sits low in the water & usually only accommodates the single paddler, but tandem kayaks hold two people and some boats hold three…
More Releases for Smart
Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order…
Internet of Things (IoT) Devices Market By Type (Computing Devices, Smart Media, …
On a global scale, the Internet of Things (IoT) Devices market is currently showing significant development. The innovative methods and market study have helped many of the major players Samsung Electronics, Apple, Lenovo, ASUS, Acer, Huawei, Coolpad, LG Electronics, Google, Panasonic, Microsoft, Brother Industries, Honeywell, Fitbit, Lenovo to carve a name for themselves in the competitive global market. The Internet of Things (IoT) Devices market is experiencing a massive growth…
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview
The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands also has great examples of emerging…
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
The global smart city transformation is underway
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands…
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency…
