Press release
Smart Commercial Lighting Technologies Market 2022 | Latest Technological Advancement, Industry Trends, Competitive Landscape, Explosive Factors of Revenue by Key Vendors Size Forecast Analysis 2030
Report Ocean published the latest research report on the Smart Commercial Lighting Technologies market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Smart Commercial Lighting Technologies market study demonstrates a detailed examination of the business state, which represents creative ways for company growth, financial factors such as production value, key regions, and growth rate.The global smart commercial lighting market is expected to grow at a CAGR of 20.8% during the forecasted period 2016-2022.
The digital economy affects the world's trajectory and the societal well-being of common citizens. In addition, it influences everything from resource assignment to income allocation and economic growth. The adoption of the Internet of Things is pushing significant market growth. Additionally, in 5-10 years, the latest technologies such as robotics, AI, and augmented reality can illustrate around 27% of ICT spending. Consumer demand for access to content and products at any time and from any location is propelling the ICT market forward. The ICT sector is lucrative for vendors since it has about 7 billion mobile subscribers and 3 billion Internet, users.
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The Smart Commercial Lighting market is a multibillion market which started witnessing growth from the beginning of the current decade. The Smart Commercial Lighting market is witnessing growth mainly due to the growing demand for the environment friendly and energy saving solutions from different industry verticals. The smart commercial lighting solutions available today can automatically adjust themselves according to the time of the day (i.e. daylight simulation lighting) while for traditional lighting systems manually settings are need to be done. The smart commercial lighting is gaining popularity as it helps in dealing with the seasonal depressions and reducing electricity bills such as in hospitals and offices and educational institutes.
The Smart Commercial Lighting market is expected to grow at a CAGR of 20.8% during the forecasted period 2016-2022. The energy saving lighting solutions' government support and growing demand for the IOT based solutions are supporting the growth of the smart commercial lighting market. The demand for the smart energy infrastructure and green buildings is helping the commercial smart lighting market to expand in the developed geographies such as in Americas and Europe. Despite' certain factors like high cost' cyber threat and lack of awareness may still impact the growth of the smart commercial lighting market.
The wireless technologies and smart network components such as sensors are supporting the growth of this market. These network components help in secure and reliable transfer of data between the connected devices. Few of the smart lighting lamps available today are bluetooth enabled Compact Fluorescent Lights (CFL)'Wi-Fi enabled Light-Emitting Diode (LED) and ZigBee enabled lighting systems. Some of the key vendors present in the market are Philips Lighting' GE lighting' Acuity Brands Inc. and Google Inc. The report also talks about companies to watch for such as Smart Lighting Engineering (SLE)' LED Roadways Lighting Ltd. (LRL)' LIFX' Digital Lumens and Enlighted Inc.
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This study covers and analyses "Smart Commercial market" globally. Bringing out the complete key insights of this industry' this reports aims to provide opportunity for players to understand the latest trends' current market scenario' government initiatives' and technologies related to the market. In addition' helps the venture capitalist in understanding the companies better and take informed decisions.
Region/Country Cover in the Report
North America
Latin America
Western Europe
Central Eastern Europe
Middle East & Africa
Asia-Pacific
With the growing energy requirements and reducing the effect of the global warming the countries across the globe have started using the energy efficient smart lighting systems. These smart lighting devices generates less heat and consumes less energy. These smart lighting solutions can be manually operated as well as remotely from the smartphones. At' present most of the governments across the globes have completely banned or has implemented strict rules and regulations for the usage of high energy consumable lighting devices. These smart lighting solutions' not only helps in electricity savings but are also human centric i.e. it promotes person's wellbeing. These lightings are useful in treating elderly people.
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The lighting systems which are available today are enabled with cameras. Hence' increasing the security at public places such as shopping malls' sports stadiums' and airports. Apart from the above mentioned features' these lights are capable of sending the alert messages to the registered number as soon as any suspicious activity takes place in its lighting area. Most of the lighting systems available today are sensors enabled and supports technologies such as Wi-Fi' Bluetooth' ZigBee and Z-wave. It is expected that in coming two -three years the upcoming technologies such as "LiFi" and "LPWAN" will start penetrating the smart commercial lighting markets specifically in developed regions such as Western Europe and North America.
Key Players Covered in the Report
Koninklijke Philips N.V.'
GE Lighting
Cyan Technologies Plc.
Acuity Brands Lighting' Inc.
John Cullen Lighting
Google Inc.
Microsoft Corporation
International Business Machines Corp.(IBM)
Cisco Systems' Inc.
Intel Corporation
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Table of Content:
Market Definition and Overview
Research Method and Logic
Market Competition Analysis
Product and Service Analysis
Strategies for Company to Deal with the Impact of COVID-19
Market Segment by Type, Historical Data and Market Forecasts
Market Segment by Application, Historical Data and Market Forecasts
Market by by Region, Historical Data and Market Forecasts
Market Dynamic Analysis and Development Suggestions
What is the goal of the report?
The market report presents the estimated size of the Industrial automation market at the end of the forecast period. The report also examines historical and current market sizes. During the forecast period, the report analyzes the growth rate, market size, and market valuation. The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets. The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.
Available Customization
The following customization options are available for this report:
> Trends for other verticals including retail' travel' and hospitality
> Country-specific trends and market analysis
> Rest of the World (RoW) Region-specific market analysis
> Additional company profiles
Apart from the existing market analysis' Reportocean can also offer a wide array of custom-tailored studies as per the company's specific needs.
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About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today's competitive environment. Report Ocean is a 'one-stop solution' for individuals, organizations, and industries that are looking for innovative market research reports.
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