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Smart Lighting Market Research Study including Growth Factors, Industry Trends, Market Size, Segments, Growth Prospects ,New Top Players are Philips Lighting Holding B.V. , Acuity Brands Lighting, Inc. , Hafele, Honeywell International Inc., Cree, Inc.,
Global Smart Lighting Market
Smart lighting, Industry traditional light bulbs are replaced with smart light bulbs, which screw into the existing sockets in your home. An internet-connected hub connects all of the bulbs, providing control over the lighting in your home from a centralized location.
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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The Global Smart Lighting Market research report is a significant wellspring of direction and bearing for organizations and people intrigued by the ABC industry. The report additionally introduces overall market scenario by performing point to point analysis of the significant sellers working in the Market. The leading players of the Global Smart Lighting Market which affects the market deeply are profiled in this investigation alongside their SWOT analysis and market techniques. The report additionally centers on driving industry players with data, for example, organization profiles, items and administrations offered monetary data of all through 2019-2026.
Major Players: 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.
Philips Lighting Holding B.V.
The company was established in 1891, headquarters at Amsterdam, Netherlands. The company engaged in providing transformative power of light for public places, professional spaces and homes. The company offered different product categories such are lighting products and solutions. The company has its presence in Americas, Europe, Rest of World and Global businesses. The company consists of different subsidiaries such as Philips Lighting investments Co. Ltd., Philips Lighting GmBH, Philips Lighting Holding B.V., Strand Lighting and others.
OSRAM GmbH.
OSRAM GmbH.was founded in 1919 at Berlin, Germany. The company engaged in providing portfolio ranges from high tech applications based on semiconductors technology, laser lighting, smart and connecting lighting solutions. The company focuses on different business segment such as specialty lighting, Opto semiconductors, lighting solutions and systems. The company has its presence in Europe, Middle East & Africa, Asia- Pacific and Americas. The company exhibits different subsidiaries such as Clay Paky, Digital Lumens, Inc., Fluence Bioengineering, Inc., Vixar Inc. and Novita Technologies, Inc.
Hafele
Founded in 1923, headquarters at Nagold, Germany. The company engaged in providing hardware, fitting systems and electronic access control systems. The company product categories consist of lighting solutions. The company consist of different certificates ISO 9001 (Quality management system), ISO 14001 (Environmental management system). The company has its presence in South America, North America, Oceania, Europe, Asia and Africa. The subsidiaries consist of Hafele India Private Limited, Hafele America Co., Weber & Co. GmBH KG and Hafele Romania SRL.
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Segmentation: Global Smart Lighting Market
Global smart lighting market is segmented into four notable segments which are offering, installation type, communication technology and application type.
On the basis of offering, the market is segmented into hardware, software and services. The hardware is sub- segmented into lights & luminaires, relay units and lighting controls. The lights & luminaires is further sub- segmented into smart bulbs and fixtures. The smart bulbs again sub-segmented into fluorescent lamps (FL) and compact fluorescent lamps (CFL). The lighting controls is sub-segmented into switches & dimmers, LED drivers, sensors and gateways. The switches & dimmers are further sub-segmented into switches, 2manual switches and dimmers. The switches are further sub-segmented into electronic switches. The dimmers are further sub-segmented into wired dimmers and wireless dimmers. The software is sub-segmented into cloud based and local/web-based. The services are sub-segmented into installation services, design & engineering and post-installation services. In 2019, hardware segment is growing at the highest CAGR and expected to reach USD million in the forecast period of 2019 to 2026.
Hardware segment is expected to dominate the global smart lighting market due to the increase in the application of LED lighting products such are bulbs, luminaires and lamps for indoor and outdoor spaces as well as rising awareness regarding energy consumption in LED lighting.
On the basis of installation type, the market is segmented into new installation and retrofit installation. In 2019, retrofit installation segment is growing at the highest CAGR and expected to reach USD in the forecast period of 2019 to 2026.
Retrofit installation segment is expected to dominate the global smart lighting market due to its low installation cost as compared to new fixtures.
On the basis of communication technology, the market is segmented into wired technology and wireless technology. The wired technology is sub-segmented into power-line communication, wired hybrid protocols, digital addressable lighting interface and power over Ethernet. The wireless technology is sub-segmented into ZIGBEE, Bluetooth, Wi-Fi, wireless hybrid protocols, EnOcean and 6lowpan. In 2019, wired technologies are growing at the highest CAGR of in the forecast period of 2019 to 2026.
Wired technology is augmenting the maximum share as it is considered to be 20% – 30% less expensive than their wireless along with reduced energy consumption. Wireless technology is expected to grow with the highest CAGR in the forecasting period due to increasing accessibility of open source software and advancement in wireless technologies and rising demand of wireless smart lighting systems for both building and home automation.
On the basis of application type, the market is segmented into outdoor application and indoor application. The outdoor application is sub-segmented into roadways & highways, public places and architectural. The indoor application is sub-segmented into commercial, residential and industrial. The roadway & highway is sub-segmented into street & roadways, highways and tunnels & bridges. The commercial is sub-segmented into office lighting, projection lighting, retail and hospitality. In 2019, residential segment is growing at the highest CAGR in the forecast period of 2019 to 2026.
Residential segment is expected to dominate the global smart lighting market due to the increase in the application of lighting control system at homes and workplaces. These are cost saving and helps in reduced energy consumption along with productivity maximization. Wireless technology is expected to grow with the highest CAGR in the forecasting period due to increase in usage of smart lighting in many residential areas which mostly utilizes wireless technology lighting solutions such as smartphone using Wi-Fi, Bluetooth, Z-Wave, and even wireless radio for better connectivity and easy to access.
TABLE OF CONTENTS GLOBAL SMART LIGHTING MARKET
1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition
1.3 Overview Of Global Smart Lighting Market
1.4 Currency And Pricing
1.5 Limitation
1.6 Markets Covered
2 Market Segmentation
2.1 Markets Covered
2.2 Geographic Scope
2.3 Years Considered For The Study
2.4 Currency And Pricing
2.5 Research Methodology
2.6 Primary Interviews With Key Opinion Leaders
2.7 Dbmr Market Position Grid
2.8 Market Application Coverage Grid
2.9 Dbmr Market Challenge Matrix
2.10 Secondary Sources
2.11 Assumptions
3 Market Overview
………………….. More
13 List Of Questions
14 Related Reports
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Features of the Report
• Detailed overview of parent market
• Changing market dynamics of the industry
• Strategies of key players and product offerings
• Drivers and restrains of the market
• Key developments in the market
About Data Bridge Market Research:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
Contact:
Sopan Gedam
Data Bridge Market Research
Tel: +1-888-387-2818
Email: sopan.gedam@databridgemarketresearch.com
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