Smart Lighting Market Set to Grow at a CAGR of 22% By 2026 Key Players are Philips Lighting Holding B.V. , Acuity Brands Lighting, Inc. , Hafele, Honeywell International Inc., Cree, Inc. , Digital Lumens, Inc., OSRAM GmbH., Lutron Electronics Co., Inc

The main purpose is to deliver durability in terms of breakage resistant and largely immune to vibrations.

The smart lighting offers a wide range of applications in street roadways, tunnel & bridges, architectural, commercial, office lighting, projection lighting.The analysis covered in Global Smart Lighting Market report gives clear idea on various segments that are relied upon to view the quickest business development in the course of the estimate forecast frame. A variety of steps are employed while generating this report and the inputs from a specialized team of researchers, analysts and forecasters have been utilized here. An increasing value of global research in this era of globalization opens the door of global market for the products. The report examines rising opportunities in the Semiconductors and Electronics industry and associated influencing factors which are valuable for the businesses.

Global Smart Lighting Market is expected to reach million by 2026 and is projected to register a healthy CAGR of 22.1% in the forecast period of 2019 to 2026.

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Global Smart Lighting Market Manufacturers:

• Philips Lighting Holding B.V.
• Acuity Brands Lighting, Inc.
• Hafele
• Honeywell International Inc., Cree, Inc.
• Digital Lumens, Inc.
• OSRAM GmbH.
• Lutron Electronics Co., Inc
• Legrand SA
• Seiko Epson Corporation
• Encelium technologies
• Virtual Extension
• Zumtobel Group AG
• Wipro Consumer Care & Lighting
• Schneider Electric SE
• Eaton
• Leviton Manufacturing Co., Inc.
• Syska LED and Beam Labs B.V.and among others.

Competitive Analysis: Global Smart Lighting Market

Some of the major players operating in this market Philips Lighting Holding B.V. , Acuity Brands Lighting, Inc. , Hafele, Honeywell International Inc., Cree, Inc. , Digital Lumens, Inc., OSRAM GmbH., Lutron Electronics Co., Inc, Legrand SA, Seiko Epson Corporation, Encelium technologies, Virtual Extension, Zumtobel Group AG, Wipro Consumer Care & Lighting, Schneider Electric SE, Eaton, Leviton Manufacturing Co., Inc., Syska LED and Beam Labs B.V.and among others.

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Segmentation: Global Smart Lighting Market

Global Smart Lighting Market, By Offering (Hardware {Lights and Luminaries, Lighting Controls, Relay Units}, Software {Local/ Web Based, Cloud Based}, Services {Design and Engineering, Installation Services, Post Installation Services}), Installation Type (Retrofit Installation, New Installation), Communication Technology (Wired Technology, Wireless Technology), Application Type (Indoor, Outdoor), Country (North America, Europe, Asia Pacific, South America, Middle East and Africa)- Industry Trends and Forecast to 2026

Global Smart Lighting Market Services

• Design and Engineering,
• Installation Services,
• Post Installation Services

Table Of Contents Global Smart Lighting Market

1 Introduction
2 Market Segmentation
3 Market Overview

4 Executive Summary
5 Premium Insights
6 Global Smart Lighting Market, By Offering

7 Global Smart Lighting Market, By Installation Type
8 Global Smart Lighting Market, By Communication Technology
9 Global Smart Lighting Market, By Application Type

10 Global Smart Lighting Market, By Geography
11 Global Smart Lighting Market, Company Landscape
12 Company Profiles

13 List Of Questions.
14 Related Reports

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Drivers: Global Smart Lighting Market

RAPIDLY INCREASING DEMAND FOR SMART CITIES

The smart lighting system played an important role in developed and developing countries by providing connected and smart lighting solution. To increase the sustainable economic development for the smart cities, every country should emphasize on their infrastructure including industry, buildings and outdoor premises. The first step is the need to decrease energy consumption by different source of the lighting system.

MAXIMUM USAGE AND DECREASED PRICE OF LED

The growth of LED in global arena has been expanded in the past few years due to the demand of technological transformation, maximum utilization and low pricing of LEDs. Nowadays lighting management systems are preferred for extended life, durability and dim ability.
INCREASING AWARENESS REGARDING ENERGY CONSUMPTION BY GOVERNMENT
It has been observed that the awareness regarding energy consumption is increasing gradually by government agencies in different regions due to specific regulations and specification in LED lighting. According to government standard it has proposed a variety of standard to support the smart lighting.

RESTRAINTS

SECURITY AND PRIVACY CONCERN RELATED TO SMART LIGHTING SYSTEMS

Although the application of smart lighting system is increasing day by day in many developed and developing countries for monitoring the energy efficient lighting, power consumption and lighting infrastructure, but it gets hampered by the security and privacy concerns created by cyber hackers..

HIGH COST OF INSTALLATION

Though smart lighting system has many advantages but the cost of installation is a limiting factor. A smart lighting backup requires qualified engineers and people for the installation of wireless technology and wired solutions. Even though the smart lighting is cost efficient, but the installation may be more costly for wireless connectivity. The installation requires high cost and there is no other option for installation.

Focus of the report

1. CAGR values in the market for the forecast period
2. Key trends in the market place
3. Major players and brands
4. Historical and current market size and projection up to 2025.
5. Detailed overview of parent market
6. Changing market dynamics of the industry

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