Global Indoor LED Lighting Market Valued $28196.49 Million by 2026 | A report GE, OSRAM, Syska LED, Hubbell Incorporated, Dialight and others
Global indoor LED lighting market is expected to 28,196.49 million by 2026 and is projected to register a CAGR of 10.5% in the forecast period of 2019 to 2026.
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• Signify Holding
• General Electric
• OSRAM GmBH
• NEPTUN LIGHT
• delviro energy
• Bamford Lighting
• Contrac Lighting
• Dextra Group Plc
• Astute Lighting Ltd
• Sondia Lighting
• Ecoled Ltd are few among others
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• In December 2018, OSRAM GMBH announced the launch of the IoT platform for the lighting and building market, which would help in getting the more market share and expansion.
• In December 2018, OSRAM GMBH announced the launch of lighting and sensing applications for the microSNAP by Rinspeed, as it would be beneficial for the company as.
• In November 2018, OSRAM GMBH announced the launch of Osconiq S3030, Osram Opto Semiconductors, it would be beneficial for OSRAM as it would meet professional demands in general lighting applications.
Global indoor LED lighting market is segmented into four notable segments which are
• installation type
• wattage type
On the basis of offering, the global indoor LED lighting market is segmented into
On the basis of installation type, the market is segmented into
• new installation
• retrofit installation
On the basis of application, the market is segmented into
• commercial and others
DEVELOPMENT OF WIRELESS TECHNOLOGY FOR LED LIGHTING SYSTEMS
Advancements in technology are useful in the lighting industry since they help in reducing the energy consumption by using sensing devices, such as infrared sensors, motion sensors, and automatic timers, among others. These sensors have revolutionized the lighting market. They can be operated with a remote and help in detecting the presence of humans and other living beings as well as day light availability, among their various other functions.
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