Global Smart Lighting Market is Anticipated to Reach US$ 27,064 million by 2024 Having Major Players: Cree, Hubbell Lighting, Honeywell, Acuity Brands, Philips Lighting, OSRAM, Schneider Electric & Legrand
Request for sample copy of report : https://www.psmarketresearch.com/market-analysis/smart-lighting-market/report-sample
The smart lighting market is categorized into lighting source, communication medium, product, application, and service. The global market is driven by the new innovations and rapid increase in sales of smart light emitting diode (LED) solutions.
LED as an efficient lighting source contributed largest revenue to this industry and it is expected to witness highest demand during the forecast period. Smart LED based lighting solutions enable users with digital control using a programmable microcontroller-based lighting architecture.
On the basis of service, lighting as a service (LaaS) is expected to witness higher demand as compared to smart phone application, during the forecast period. Its market is projected to cross $17,000 million mark by 2023.
Most of the vendors are actively involved in organic and inorganic growth strategies. Many of them are acquiring cross vertical expertise to reach a larger market, while others are launching new products and advanced lighting solutions, to compete with new technological offerings in the global market.
Europe has been the largest smart lighting market, accounting for more than 35% of global revenue whereas the sales in Asia-Pacific is expected to witness the fastest growth, during the forecast period.
Explore report description : https://www.psmarketresearch.com/market-analysis/smart-lighting-market/
Some of the major players operating in this industry are Cree Inc., Hubbell Lighting Inc., Koninklijke Philips N.V., Osram Licht AG, Schneider Electric SA, Zumbotel Group AG, Acuity Brands Inc, Digital Lumens Inc., and Legrand SA.
Smart Lighting Market Segmentation
• Light Emitting Diode
• Fluorescent Lamp
• High Intensity Discharge Lamp (HID)
o Digital Addressable Lighting Interface (DALI)
o Powerline Communication
o Power Over Ethernet
About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
Toll-free: +1-888-778-7886 (USA/Canada)
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Smart Lighting Market is Anticipated to Reach US$ 27,064 million by 2024 Having Major Players: Cree, Hubbell Lighting, Honeywell, Acuity Brands, Philips Lighting, OSRAM, Schneider Electric & Legrand here
News-ID: 1745609 • Views: 247
More Releases from P&S Intelligence
What is Biggest Trend Currently Witnessed in Surgical Navigation System Market?
The growing popularity of minimally invasive surgeries (MIS), geriatric population, and incidence of neurological, orthopedic, and ear, nose, and throat (ENT) disorders are driving the usage of surgical navigation systems. From $770.8 million in 2018, the surgical navigation system market is expected to progress at a CAGR of 7.3% during 2019–2024 (forecast period), to reach $1,167.6 million in 2024. Receive Sample Pages of this Report: https://www.psmarketresearch.com/market-analysis/surgical-navigation-system-market/report-sample When segmented on
Medical Equipment Maintenance Market Revenue To Surpass $40.0 Billion by 2030
The global medical equipment maintenance market reached a value of $17.4 billion in 2019, and it is predicted to progress at a CAGR of 9.4% from 2020 to 2030 (forecast period). Furthermore, the market will generate a revenue of $45.1 billion by 2030, as per the estimates of the market research organization, P&S Intelligence. The market is being driven by the rapid advancements in medical equipment, enactment of strict regulatory
Rising Patient Hospitalizations Propelling Demand for Medical Connectors
The Centers for Disease Control and Prevention (CDC) forecasts that approximately 78 million adults (18 years and above) in the U.S. will have arthritis by 2040. Similarly, Arthritis Australia estimates that the number of arthritis patients in Australia will rise from around 4 million in 2015 to 5.4 million by 2030. Furthermore, the World Health Organization (WHO) estimates that cancer and cardiovascular diseases (CVDs) were responsible for around 10 million
U.S. Electric Bus Market Segments, Development, Growing Demand and Top Key Playe …
In the U.S., the transportation industry is responsible for around 14% of the total greenhouse gas (GHG) emissions, as per an article published by the Environmental Protection Agency (EPA) in 2019, which also said that the country was the second-largest GHG emitter in the world, after China. Thus, the focus on reducing the emissions and, ultimately, the rate of air quality degradation, is high here. This is why governments at
More Releases for Light
THE LIGHT & THE DARKNESS
A new series of seascape and landscape oil paintings in Paul’s signature style, inspired by the wilds of Western Scotland and Skye. The work for these shows is based on the drama of play between light and darkness, heavily influenced by trips to Western Scotland and the Isle of Skye. The working process for this new series has been as destructive and creative as the landscapes seen in situ, but as
Light quality in offices
The Light: Global study gets underway with online user survey Light has a fundamental impact on our sense of well-being and performance. In cooperation with Zumtobel, a supplier of lighting solutions, Fraunhofer IAO has launched a global user survey of lighting quality in offices. The objective is to identify the best lighting conditions for a variety of spaces and lighting situations. As we move through the darker winter months, many people become
Light Improves Athletic Performance
A variety of factors influence athletic performance: Physical fitness and stamina, as well as the manner of nutrition, probably have the most impact. But a new study found another aspect, which had remained widely unconsidered: light. According to the study, the right lighting not only supports a higher capacity of concentration, but also positively influences stamina and performance in sports. Depending on the athlete’s body clock and the time of
Voyage Manager Accounces VM Light
Voyage manager Ltd, a technology company that specializes in travel security and tracking solutions, has recently announced the release of VM Light, a user friendly itinerary tracking service. VM Light is a standalone itinerary tracker, designed for organizations that do not require the full functionality of the VM Suite, but are looking for a cost effective, simple travel tracker solution to increase employee security and efficient business travel. VM Light is
Cooking Light Done Right
Seattle, WA August 5th, 2011 – DigiGlyph released a new series of cookbooks title Cooking Light Done Right authored by Kristi Rimkus, a healthy cooking blogger who is certified in nutrition and wellness by The American College of Healthcare Science. Each great tasting, healthy recipe comes with easy to follow instructions that include the nutritional value of each meal. The cookbooks are available as an eBook on Kindle & Nook
M-TUBE Flex: LED light system with flexible light guide
The M-TUBE is an LED light system designed as a construction set: The flexible light guide can be combined with LEDs in different colors and intensities. In this way it is possible to realize soft ambience illumination as well as illumination and lighting with strong brightness. The light is fed into the light guide from the sides. Inside the light guide it is evenly emitted along the imprinted white reflector line.