Press release
Outdoor LED Smart Lighting Solution Market 2018 Global Leaders Overview: Cooper Industries, Acuity Brands, Osram Licht AG, Digital Lumens, Streetlight. Vision, Lutron Electronics Company
Market Scenario:
The outdoor light emitting diode smart lighting market is growing because of the low cost of the LED and efficient working of it. LEDs are small, solid light bulbs which are extremely energy efficient and long lasting. The long life of LED lamps was initially attractive, however, low brightness and high cost meant that they were generally restricted to use in dashboards. The new era with the internet of things (IoT) brings in the collaborative streaming of real-time data and artificial intelligence but the most striking feature is that it enables consumers to make better decisions thereby saving money.
Along with technology development in the digitized infrastructure, outdoor LED smart lighting has evolved over the years. Increasing consumption of this type of solution can be seen in sports stadium, architecture and entertainment sector. The adoption of it is growing day by day. The segmentation of it is done on the basis of component, communication technology and service. LED lighting ability is to improve total plant productivity. By LED lighting can save time and costs, and also provide business intelligence data, reduce waste and redundancies, and enhance plant operations. The evolution of the Internet of Things (IoT and Secure Sockets Layer (SSL) has transformed the global lighting market as manufacturers have started using semiconductors in place of wires and gas to power smart lighting systems.
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The Outdoor LED Smart Lighting Solution Market is segmented on the basis of components, communication technology and applications. The communication technology segment consists of wired and wireless. The new era with the Internet of Things (IoT) brings in the collaborative streaming of real-time data and artificial intelligence but the most striking feature is - it enable consumers to make better decisions thereby saving money. Wireless network controlled systems bring smart lighting with control strategies such as task tuning, daylight harvesting and scheduling to deliver demand-based lighting optimized for each zone.
The global outdoor LED smart lighting solution market is expected to grow approximately at USD 8 Billion by 2022, approx.12% of CAGR between 2016 and 2022.
Industry News
April 18, Echelon Partnered with Allied Telesis to Deliver Solutions for Smart Cities and Smart Buildings. Echelon Corporation signed an agreement with Allied Telesis Inc. wherein Allied Telesis will be authorized to implement its outdoor lighting solutions into its smart city and smart campus projects. This will result in transforming LED streetlights into smart city networks that can form a basis of future smart city applications.
April 18, Wipro Lighting launched Internet of Lighting. Wipro has launched its Internet of Lighting (IoL) ™ solutions for smart indoor & outdoor lighting at the Light Show. Due to advancements in internet of things (IoT) and big data, smart and connected digital lighting solutions have come into existence bringing both intelligence and functionality into lighting systems. Wipro has tied-up with Cisco for Power over Ethernet (PoE) based lighting which will enhance user experience and deliver desired outcomes for customers. It has also collaborated with pureLi-Fi, Scotland to deliver high-speed and secure data transmission through LED.
March 18, Spark is continuing their IoT deployment across New Zealand. New Zealand based company Sparknz has announced that its long-range low-power network will be implemented for commercial use in 60% area of the country. Businesses and local councils will be able to use smart lighting technology to remotely manage street lights, monitor them and turn them on or off as per requirement. This will eventually lead to respond faster to community requests and events as well as make changes in daylight that will ensure safer streets for travel.
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.
Outdoor LED Smart Lighting Solution Global Market - Segmentation
• Segmentation by component: software, hardware and service.
• Segmentation by communication technology: wired and wireless.
• Segmentation by application: street lighting, landscape light, stadium, parking, waterways and others.
Outdoor LED Smart Lighting Solution Global Market - Regional Analysis
The regional analysis of outdoor LED smart lighting solution market is studied for North America, Europe, Asia-Pacific and Rest of the World. Evolution of internet of things (IoT) has driven the market of outdoor LED smart lighting solutions. North America is expected to show dominance in outdoor LED smart lighting solution market due to high adoption of smart and connected lighting technology, and increasing effort to minimize the hazardous impact of electricity consumption on the environment. However, emerging economies of Asia Pacific and rest of the world are expected to witness growth opportunities in the global market. Europe is also one of the major contributor to the outdoor LED smart lighting solution market owing to the adoption of the smart LED solutions in different application segments including commercial, industrial, outdoor and residential segment.
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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.
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