Press release
Smart Lighting Market - Fast-Moving Trends to Watch | Major Key Companies: -Lutron Electronics, Schneider Electric, Philips Lighting, Hubbell Incorporated, Honeywell, GE, OSRAM, Cree, Eaton, Acuity Brands, Silver Spring Networks, Zumtobel Lighting
Smart Lighting Market
North America holds more than 28% of smart lighting market share. Collaborations aside, the expansion of Nort America smart lighting market size can also be credited to the rising prominence of smart cities in the region.
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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. GE Cree
2. Zumtobel Lighting
3. Lutron Electronics
4. Schneider Electric
5. Philips Lighting
6. Hubbell Incorporated
7. Honeywell
8. Cree
9. OSRAM
10. Silver Spring Networks
11. Eaton
12. Acuity Brands
As the modernized smart city infrastructure provides enhanced connectivity across numerous modules of the administrative setup including law & order, healthcare, and transport, there has been a spurt in the initiatives to develop such intelligent cities. This would, in consequence, open up myriad business expansion opportunities for the smart lighting market players over the forthcoming years.
Increasing number of innovative product launches to augment the industry trends over the forecast period
With the growing popularity of home automation systems in residential and commercial sectors, major industry giants have been unveiling innovative products to remain aligned with the customized requirements of the current consumer base.
Speaking of which, Legrand, one of the foremost specialists in smart lighting market, launched a new collection of lighting controls at the Consumer Electronics Show, 2018. The latest range, named as Radiant Collection, comprises a wide variety of lighting and scene controllers, wall plates, dimmers, plug-in modules, and light switches. It is quite prudent to mention that these devices integrate seamlessly with smart home platforms such as Samsung's SmartThings cloud, Amazon Alexa, and Google Assistant, given that they work on Open Connectivity Foundation 1.3.1 security standard.
Apparently, the aforementioned instance of Legrand stands testimony to the fact that the global smart lighting market participants are readily deploying their resources to develop advanced and high-grade products to stay afloat in this ever-evolving business space.
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