Bluetooth LED Bulb Market to Expand at a CAGR of 8.64% during 2019 – 2023 | Acuity Brands Lighting, Delta Light, Eaton, Evluma, GE, Ilumi Solutions, Ledvance GmbH

Marketprognosis.com Publish a New Market Research Report On “Global Bluetooth LED Bulb Market 2018 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Bluetooth LED Bulb Market:

The Global Bluetooth LED Bulb Market is expected to witness a CAGR of 8.64% over the forecast period of 2018 - 2023.

The report discusses end-users of this technology. While the regions considered in the scope of the report include North America, Europe, etc., it also emphasizes on how increasing demand for energy-efficient lighting systems is affecting the market.

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Bluetooth LED bulb is a novel technology that makes the use of intelligent lighting control systems to manage light, based on various parameters, like movement, color, temperature, occupancy, and amount of natural light. Due to it’s increasing cost competitiveness, this technology has begun to compete in a variety of lighting applications successfully. Also, these bulbs can now be operated through specially designed remote controls or smartphone app features. Moreover, the growing significance of smart homes is further expected to drive the demand for these Bluetooth connected bulbs. Given the flexibility of LEDs, in terms of color variation and brightness, it makes more sense for connected systems using Bluetooth to incorporate LEDs than traditional lighting sources. In addition to this, the longevity of LED’s compared to substitutes is anticipated to drive the demand for LED deployment across end-users.

LEDs emit light in a specific direction, reducing the need for reflectors and diffusers. This feature makes LEDs more efficient for many uses such as recessed downlights and task lighting. Moreover, unlike incandescent bulbs, which release 90% of their energy as heat LEDs use energy far more efficiently with little-wasted heat. Also, changes in regulatory standards favoring the use of energy-efficient lighting applications in all major end-user industries have been one of the primary drivers for the growth of the LED market. For instance, the European Union has banned the use of mercury vapor lamps from 2015 in favor of more energy-efficient lamps. In addition to this, the integration of sensors and intelligent lighting controls will offer greater flexibility to end users in terms of energy efficiency and ease of use.

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Asia-Pacific is currently experiencing a tremendous shift in lighting systems, where companies in this region have been identified to adopt LED lights in industries and manufacturing plants, as compared to its counterparts like incandescent and LFL owing to the improved efficiency of LED lighting systems. China has been gradually reducing the sale of incandescent light bulb products over the last five years, ensuring that the outdated technology is replaced by something more advanced and profitable.

Major Key Players:

1 Acuity Brands Lighting, Inc.

2 Delta Light

3 Eaton Corporation PLC.

4 Evluma

5 General Electric Company

6 Ilumi Solutions Inc.

7 Ledvance GmbH

8 Luceco PLC and More…………..

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What are the challenges to market growth?

4 Who are the key players in this market?

5 What are the market opportunities and threats faced by the key players?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Bluetooth LED Bulb Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Key Inferences

5 Market Overview

6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)

7 Market Segmentation

8 Competitive Landscape

9 Key Players

10 Future Outlook of the Market

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This release was published on openPR.