openPR Logo
Press release

Smart Lighting Market To Be On The Mobility Move

05-23-2022 07:13 AM CET | IT, New Media & Software

Press release from: Persistence Market Research

The global smart lighting market is segmented on the basis of product type, light source, communication technology, region and application. Persistence Market Research has come up with a new report titled "Smart Lighting Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)" that tracks the performance of the various segments of the global smart lighting market for a projected period of eight years between 2017 and 2025. The global smart lighting market is expected to witness high revenue growth during the forecast period. This growth is attributed to the increasing adoption of better lighting solutions globally. The global smart lighting market was valued at US$ 6,838.2 Mn in 2016, and is projected to reach US$ 40,388.6 Mn by 2025 end. North America and Europe were the dominant markets in 2016 in terms of revenue in the smart lighting market. Asia Pacific is expected to dominate in terms of CAGR during the forecast period.

Request for Free Sample Report of "Smart Lighting" Market @ https://www.persistencemarketresearch.com/samples/3892

Global Smart Lighting Market: Drivers

Real estate vendors are increasingly adopting smart lighting solutions leading to a surge in demand globally

Connected lighting development for smart cities is a big growth fuelling aspect

Rapid urbanization is driving the adoption of smart lighting products across the globe

Increasing number of green building projects and development of smart lighting infrastructure are other factors positively impacting market revenue growth

Government's partnership with key players especially in the MEA region is also a significant growth driver

Request For Customization @ https://www.persistencemarketresearch.com/request-customization/3892

Global Smart Lighting Market: Forecast by Region

North America, Latin America, Europe, APAC and MEA are the five regions extensively covered in this report. The APAC smart lighting market is expected to witness a relatively high growth rate over the forecast period. Revenue from the smart lighting market in North America and Europe collectively accounted for over 50% of the global smart lighting market revenue in 2016. In terms of value, APAC is projected to be the most attractive regional market in the global smart lighting market during the forecast period. The market in APAC is also expected to register high Y-o-Y growth rates throughout the forecast period.

Global Smart Lighting Market: Segmental Analysis

The global smart lighting market is segmented into four categories. On the basis of product type, the global market for smart lighting is segmented into fixture, lighting control and others. In terms of value, the fixture segment is projected to be the most attractive in the global smart lighting market during the forecast period. In terms of value, this segment is expected to expand at a CAGR of 23.5% during the forecast period.

Light source segment consists of LED, CFL, and incandescent. In terms of value, the LED segment is expected to increase at a high CAGR during the forecast period. In 2016, the LED segment was valued at US$ 3,259.6 Mn, and is expected to witness steady growth in terms of revenue throughout the forecast period.

Communication technology segments include wired smart lighting and wireless smart lighting. The wireless smart lighting segment is expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, this segment is anticipated to expand at a CAGR of 24.0% during the forecast period.

By application the market is segmented into indoor and outdoor. Indoor segment is sub-segmented into commercial/industrial and residential, while outdoor segment is further segmented into street lighting, architectural lighting, lighting for public places and others. Currently, the indoor segment dominates in terms of revenue, owing to the adoption of advanced lighting solutions.

Leading Companies Operating in the Global Smart Lighting Market

CREE, INC, Hubbell Lighting, Inc., GE Lighting, LLC, OSRAM Licht AG, Royal Philips NV, Acuity Brands Lighting, Inc., Honeywell International Inc., Panasonic Corporation, Schneider Electrical S.E, Eaton Corporation, Leviton Manufacturing Co., Inc, Lutron Electronics Co., Inc, Lifi Labs Inc., Disano Illuminazione S.p.A, Switchmate Home LLC, Glamox lighting, IKEA, and EGLO Leuchten GmbH are some of the top companies profiled in this report on the global smart lighting market.

Click Here to Buy this Report@ https://www.persistencemarketresearch.com/checkout/3892

Read More Trending "PMR Exclusive Article"

Smart Ticketing Market:https://www.persistencemarketresearch.com/market-research/smart-ticketing-market.asp

Smart Home Solutions Market:https://www.persistencemarketresearch.com/market-research/smart-home-solutions-market.asp

Contact Us:

Persistence Market Research
Address - 305 Broadway, 7th Floor New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com

About us:

Persistence Market Research, as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.

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 To Be On The Mobility Move here

News-ID: 2632567 • Views: 138

More Releases from Persistence Market Research

Portable Temperature And Humidity Data Market to Flourish with an Impressive CAG …
Portable Temperature And Humidity Data Loggers Market: Overview Portable temperature data loggers are useful instruments which can be used to record temperature of any object for a predefined time. The temperature can be monitored from a distance which is measured on an autonomous basis. This portable temperature and humidity data loggers are primarily used in cold chain shipping and logistics. There are a wide variety of temperature and humidity data loggers available
Rupture Disc Market Estimates The Market To Expand At Around 3.7% CAGR From 2021 …
Global rupture disc sales are set to be valued at US$ 587.5 Mn in 2021, with a stable long-term projection, according to latest insights by Persistence Market Research. The report estimates the market to expand at around 3.7% CAGR from 2021 to 2031. Growing need for high-performance safety devices in the industrial sector has led to intensify demand for rupture discs from the oil & gas and energy & chemical industry.
The Lithium Ion Battery Market estimated to expand at a CAGR of around 14% by va …
The rapidly growing fleet of electric vehicles (EVs) is one of the most important driving factors for the lithium ion battery market. The automotive industry has been witnessing a visible shift from using nickel metal batteries to lithium ion batteries in plug-in vehicles and EVs. The beneficial physical characteristics of lithium ion batteries such as small size and light weight have bolstered their demand across the automotive industry. The global
Incremental Sales To Drive The Agricultural Equipment Market From 2016-2024
The dependency of agricultural activities on equipment has intensified as conventional methods of obtaining better farm produce are being rendered as useless. Taking the growing global population into account, demand for effective agricultural equipment continues to grow in parallel with the rising global consumption of food & beverages. However, high interest rates levied for purchase of agricultural equipment are becoming a major stumbling block for farmers from several parts of

All 5 Releases


More Releases for Light

THE LIGHT & THE DARKNESS
A new series of seascape and landscape oil paintings in Paul’s signature style, inspired by the wilds of Western Scotland and Skye. The work for these shows is based on the drama of play between light and darkness, heavily influenced by trips to Western Scotland and the Isle of Skye. The working process for this new series has been as destructive and creative as the landscapes seen in situ, but as
Light quality in offices
The Light: Global study gets underway with online user survey Light has a fundamental impact on our sense of well-being and performance. In cooperation with Zumtobel, a supplier of lighting solutions, Fraunhofer IAO has launched a global user survey of lighting quality in offices. The objective is to identify the best lighting conditions for a variety of spaces and lighting situations. As we move through the darker winter months, many people become
10-26-2012 | Sports
Omron Healthcare
Light Improves Athletic Performance
A variety of factors influence athletic performance: Physical fitness and stamina, as well as the manner of nutrition, probably have the most impact. But a new study found another aspect, which had remained widely unconsidered: light. According to the study, the right lighting not only supports a higher capacity of concentration, but also positively influences stamina and performance in sports. Depending on the athlete’s body clock and the time of
Voyage Manager Accounces VM Light
Voyage manager Ltd, a technology company that specializes in travel security and tracking solutions, has recently announced the release of VM Light, a user friendly itinerary tracking service. VM Light is a standalone itinerary tracker, designed for organizations that do not require the full functionality of the VM Suite, but are looking for a cost effective, simple travel tracker solution to increase employee security and efficient business travel. VM Light is
Cooking Light Done Right
Seattle, WA August 5th, 2011 – DigiGlyph released a new series of cookbooks title Cooking Light Done Right authored by Kristi Rimkus, a healthy cooking blogger who is certified in nutrition and wellness by The American College of Healthcare Science. Each great tasting, healthy recipe comes with easy to follow instructions that include the nutritional value of each meal. The cookbooks are available as an eBook on Kindle & Nook
M-TUBE Flex: LED light system with flexible light guide
The M-TUBE is an LED light system designed as a construction set: The flexible light guide can be combined with LEDs in different colors and intensities. In this way it is possible to realize soft ambience illumination as well as illumination and lighting with strong brightness. The light is fed into the light guide from the sides. Inside the light guide it is evenly emitted along the imprinted white reflector line.