Smart Lighting Market Outlook to 2020 |Global Trend, Segmentation and Opportunities Forecast to 2025 | Key Players: - Acuity Brands, Eaton, Cree, OSRAM, GE, Honeywell, Hubbell Incorporated, Philips Lighting, Schneider Electric, Lutron Electronics, Zumtobe

Rise in smart city projects and innovations in home automation are driving smart lighting market forecast significantly. The growing urban population has triggered initiatives by the government to provide access to efficient LED lights, along with deploying AI and IoT in building automation systems for commercial, residential and industrial spaces. The Ministry of Housing and Urban Affairs in India had set up a smart cities mission with a view of developing over 100 cities in the country over a span of five years.

Regional authorities are increasingly partnering with technology companies to implement their vision of a smart and connected city. Intel and the City of San Jose, California have collaborated on a public-private project to deploy the company's smart city demonstration platform to boost the Green Vision initiative of the city. Smart city infrastructure facilitates efficiency, cost reduction and provides an improved livelihood for city occupants. Rise in smart city initiatives worldwide has led to increased impetus for smart lighting market.

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The Major Key Players in the Market are as follows:
o Acuity Brands
o Eaton
o Cree
o OSRAM
o GE
o Honeywell
o Hubbell Incorporated
o Philips Lighting
o Schneider Electric
o Lutron Electronics
o Zumtobel Lighting
o Silver Spring Networks

Over the years, there has been a considerable rise in the infrastructural development of residential, commercial and industrial spaces owing to the rise in disposable incomes in both developed and emerging nations. Technological advancements and growing innovations aiming to simplify the condition of living is steering home automation. Energy savings, home security, enhanced comfort, home control monitoring and user convenience are some the vital factors resulting in the rising adoption of home automation globally.

Owing to high energy efficiency along with development in lighting technologies, LED (light-emitting diode) has gained worldwide popularity for substituting the traditional incandescent lighting systems. Reportedly, residential LEDs use 75% less energy as opposed to its substitutes. LED has a wide application base in residential, industrial and commercial sectors.

Light controls sensors allow remote operations of lighting systems via mobile phones, that help in controlling the usage of lighting and eliminate wastage of the energy. Motion sensors for outdoor lighting, network lighting control systems and occupancy sensors for indoor lighting are some types of light control sensors that are witnessing rising demand in the market. Reduction in energy consumption, electricity cost savings, and simplified lighting solutions are some of the vital features of sensors which will complement smart lighting market outlook.

Regarded as one of the largest North America based smart lighting market players, Acuity Brands, Inc., has joined hands with Silver Spring Networks to develop a networked street lighting control solution. Apparently, this solution would aid utilities, smart cities, and large campus operators to renovate their aging lighting infrastructure and increase operational efficiency. As part of the agreement, Silver Spring's standards-based Gen5 IPv6 networking platform would be integrated with Streetlight Vision smart city management software. This integration would further upgrade LED lighting system which would reduce energy expenses substantially, cite industry experts.

Driven by the immense number of alliances between industry contenders, North America holds more than 28% of smart lighting market share. Collaborations aside, the expansion of North America smart lighting market can also be credited to the rising prominence of smart cities in the region.

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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.

With the increasing need to reduce energy consumption and expenses coupled with the escalating demand for highly-efficient lighting systems, the commercialization potential of the overall smart lighting market can aptly be described as exceptionally promising.

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