openPR Logo
Press release

Smart Lighting Market 2020 Top Players: Lutron Electronics Co. Inc., Honeywell, Echelon Corporation, Daintree Networks

12-29-2020 08:43 AM CET | Industry, Real Estate & Construction

Press release from: Market Research Future(MRFR)

Market Research Future(MRFR)

Market Research Future(MRFR)

Market Insights
According to Market Research Future, the global Smart Lighting Market is set to grow at an astounding CAGR of 27% during the forecast period of 2017 to 2027. With advancing technology and a growing, growing population, energy efficiency has become highly relevant and important. With cities around the world moving toward smart city infrastructure the market is expected witness exponential growth and reach an estimated evaluation of USD 25 Bn by the end of 2027.
Get Free Sample Report : https://www.marketresearchfuture.com/sample_request/991
Increasing awareness and concern for the environment have resulted in both consumers and government bodies increased demand for smart lighting. The energy efficiency benefits that smart lighting offers lend itself to cost efficiency as well, thus increasing demand. Growing investments in smart homes and smart cities combined with rapidly advancing wireless communication have augmented the market further. Initial installation costs are high, and there is a lack of skilled professionals; this is expected to hamper market growth. However ongoing development and advancements of smart technology will provide avenues for growth over the assessment period.
Market Segmentation
The global smart lighting market has been segmented on the basis of type, light source, communication technology, application, and region. By type, the market is segmented into lighting control, fixtures, and smart bulbs.
By light source, the market is segmented into HID light source, fluorescent light source, and light source.
By communication technology, the market is segmented into wired and wireless.
By application, the market is divided into outdoor, and indoor.
The global division of the smart lighting market includes North America, Europe, Asia Pacific and the Rest of the World.
Access Report @ https://www.marketresearchfuture.com/reports/smart-lighting-market-991
Regional Analysis
The European region is the leader of the global smart lighting market with the most significant share of the total market. The region is expected to retain its leadership position over the review period due to the increased adoption of smart lighting systems and the presence of favorable government policies which augments the regional markets growth. Europe is closely followed by North America which displays a similar growth pattern. Both regions are technologically advanced and are making progress toward energy efficiency.
Meanwhile, the Asia Pacific is the fastest growing market across the globe due to the increased development of smart cities in emerging markets in the region. Moreover, comparatively cheap labor and reduced operating costs are drawing international players attention. The region also has abundant availability of raw materials used to produce smart lighting systems. The potential for growth available in the APAC region is expected to facilitate significant market growth over the forecast period.
Key Players
The competitive landscape of the global smart lighting market includes various prominent players. Collaboration, research and development, and product launches are some of the effective market strategies implemented by market players. Market leading players in the report include Lutron Electronics Co. Inc., Honeywell, Echelon Corporation, Daintree Networks, Koninklijke Philips N.V., Streetlight Vision, Osram GmbH, Bridgelux, Zumtobel, and Legrand S.A. to name a few.
Latest Industry News
• ABB has partnered with Signify to launch a new range smart light switches to go with smart lighting systems from Signify and offer seamless integration by using Philips Hue, a lighting
• The Sunshine Coast Council of Australia has commisioned Telensa to install its PLANet intelligent street lighting system. The 24-month long project will see the region adopting smart lighting for environmental, financial and social benefits.

Market Research Future(MRFR)
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com

About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

This release was published on openPR.

Permanent link to this press release:

Copy
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 Smart Lighting Market 2020 Top Players: Lutron Electronics Co. Inc., Honeywell, Echelon Corporation, Daintree Networks here

News-ID: 2218212 • Views:

More Releases from Market Research Future(MRFR)

Aviation Biofuel Market Soars to USD 60.4459 Billion by 2030, Witnessing 6.00% C …
Aviation Biofuel Market Insights Aviation Biofuel Market Size was valued at USD 40.2 billion in 2022. The Aviation Biofuel market industry is projected to grow from USD 42.612 Billion in 2023 to USD 60.4459 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.00% during the forecast period (2023 - 2030). Aviation biofuel refers to a renewable and sustainable alternative to conventional aviation fuel derived from biomass such as
Vision Care Market Present Scenario, Key Vendors, Share and Growth Forecast up to 2027
Vision Care Market Present Scenario, Key Vendors, Share and Growth Forecast up t …
Vision care includes the treatment of eyes and other optical disorders. The global vision care market report by Market Research Future (MRFR) outlines drivers, challenges, trends, opportunities, socio-economic factors, and other business metrics for end-users for the period of 2019 to 2025 (forecast period). The impact of the COVID-19 pandemic has been noted and suggestive measures provided for interrupted supply chain and sales. The global vision care market size can cross
Homeopathy Market In-Depth Analysis, Growth Strategies and Comprehensive Forecast 2027
Homeopathy Market In-Depth Analysis, Growth Strategies and Comprehensive Forecas …
According to the latest research report from Market Research Future (MRFR). The global homeopathy market is mainly driven by the growing demand for alternative medicine that is free from the encumbrances of the scientific method and evidence-based progression. The growing number of people willing to believe in lifestyle and medicinal systems that don’t fit the conventional model of natural laws is likely to be a major driver for the global
Heart Failure POC and LOC Devices Market Size, Share, Industry by Latest Research and Top Key Players 2027
Heart Failure POC and LOC Devices Market Size, Share, Industry by Latest Researc …
According to WebMD, cardiovascular disease was the leadingcause of mortalityacrossthe globe in December 2020, witharound one-third of all fatalities in 2019, and the death toll is predicted to rise further in the future. In 2019, China had the most heart disease deaths, followed by India, Russia, the US, and Indonesia. Furthermore, according to the United Nations (UN), 727 million people aged 65 years or over were living in 2020, and

All 5 Releases


More Releases for MRFR

Keeping Cool: The Booming Data Center Cooling Market | MRFR Reports
In today's digital world, data centers are the unsung heroes. These massive warehouses store and process the ever-growing mountain of information we create, from social media posts to complex scientific simulations. But all this computing power comes at a cost: heat. Just like any machine, data centers can overheat if not properly cooled, leading to malfunctions and even equipment failure. This is where the data center cooling market comes in. Request
Mobile Gaming Market: A Comprehensive Overview | MRFR Reports
Mobile gaming has become a ubiquitous part of modern entertainment, with millions of users around the world engaging in games on their smartphones and tablets. This booming industry has seen exponential growth in recent years, driven by advancements in mobile technology, widespread internet access, and the popularity of casual and immersive gaming experiences. In this article, we'll explore the market size of mobile gaming, key trends shaping its growth, challenges
Solar Rooftop Market: A Comprehensive Analysis | MRFR Research
The solar rooftop market is proliferating on the global platform. The continually growing energy demand and wide adoption of solar rooftops in residential, commercial, infrastructural, and industrial sectors worldwide impact the market growth positively. Besides, the development of solar parks, funding support for domestic cells & modules, and schemes for grid-connected solar rooftop manufacturing influence the market growth. Rise in solar panel installations and growing government initiatives for infrastructure
Understanding the Contract Management Market: A Comprehensive Analysis | MRFR Re …
In the realm of business and commerce, managing contracts effectively is a crucial aspect that directly impacts organizational success and compliance. Contract management refers to the process of creating, negotiating, executing, and monitoring contracts between parties, such as businesses, suppliers, vendors, and clients. In this article, we will delve into the market size of contract management solutions, key trends driving their growth, challenges faced by businesses, and future prospects. What is
Exploring the Mobile Cobots Market: A Comprehensive Analysis | MRFR Reports
In the world of robotics and automation, mobile cobots have emerged as a revolutionary solution, combining the flexibility of mobility with the collaborative nature of robots. These mobile cobots, short for collaborative robots, are designed to work alongside humans in various industries, offering enhanced productivity, safety, and efficiency. In this article, we will delve into the market size of mobile cobots, key trends shaping their growth, challenges faced by the
Understanding Enterprise Risk Management (ERM) Market Size | MRFR Reports
In today's rapidly changing business landscape, companies face a multitude of risks that can impact their operations, finances, and reputation. These risks can stem from various sources such as economic downturns, cybersecurity threats, regulatory changes, and natural disasters. To navigate these challenges effectively, organizations implement Enterprise Risk Management (ERM) strategies and solutions. The ERM market plays a crucial role in providing tools and frameworks for businesses to identify, assess, and