Smart Lighting Market to grow at a CAGR of 17.1% | General Electric, Legrand SA, Lutron Electronics

According to the new research report published by The Insight Partners, titled "Smart Lighting Market - Global Analysis and Forecast to 2025", the global smart lighting market is expected to reach US$ 51.05 billion in 2025, registering a CAGR of 17.1% during the forecast period 2016-2025.

The key factors driving the smart lighting market include growing awareness towards energy conservation, the long life span of LEDs and OLEDs, the rising popularity of wireless technology coupled with changing lifestyle, and decreasing price of LED lighting.

Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis - https://www.theinsightpartners.com/sample/TIPTE100000112/?utm_source=OpenPR&utm_medium=10593

Companies Mentioned are: Acuity Brands Lighting Inc., Daintree Networks, Inc., Digital Lumens, Inc., Eaton Corporation Plc, General Electric, Legrand SA, Lutron Electronics, Inc., OSRAM GmbH, Koninklijke Philips N.V., Sensity Systems, Inc.

Smart Lighting Market Insights
Rising Popularity of Wireless Lighting Controls Coupled with Changing Lifestyles is fuelling the smart lighting market
Wireless connectivity is taking a leap over the wire abled connecting networks as wireless is more convenient to use. First, this technology was used in the telephones now called as the mobile phones, and since then the wireless technology has revolutionized the way things were viewed. Wireless technology has given its consumers freedom from a limited range of wired devices.

Price Reduction in LED Luminaires are driving the smart lighting market
Since the past few years the price of LED luminaires has reduced dramatically. The price of LED luminaires a decade ago was almost twice to thrice in comparison to the present day scenario. Furthermore, it is still expected to reduce and become as affordable as common fluorescent or incandescent lighting solutions without affecting its ability to reduce energy consumption by up to 70%.

Smart Lighting Market - In-depth analysis of market dynamics
Smart lightning components manufacturer is developing the components that would make it simpler to govern light fixtures or regulate light color from a mobile device or computers. These control products exist in the market already; however, companies that include, semiconductor firm Marvell along with LED manufacturer Bridge lux, are designing a technology to lower down the cost in commercial and consumer lighting. Every region worldwide project a different picture of the smart lighting market.

Have a 15-minute-long discussion with the lead analyst and author of the report in a time slot decided by you. You will be briefed about the contents of the report and queries regarding the scope of the document will be addressed as well - https://www.theinsightpartners.com/speak-to-analyst/TIPTE100000112?utm_source=OpenPR&utm_medium=10593

SMART LIGHTING Market size (volume and value) and industry chain structure published by The Insight Partners through its high quality database which is a valuable source of guidance and direction for companies and individual interested in the industry. Major companies with their market volumes and revenues are covered for each of the regions (North America, Europe, Asia Pacific, Middle East & Africa, South & Central America).

GLOBAL SMART LIGHTING MARKET SEGMENTATION
By Lighting Type
Light Emitting Diode (LED) Lamp
Fluorescent Lamps
Compact Fluorescent Lamps (CFL)
High Intensity Discharge Lamps
Others

By Application
Industrial Lighting
Residential Lighting
Commercial Lighting
Government
Outdoor Lighting
Automotive Lighting
Connectivity Technology

By Connectivity Technology
Wired
Wireless
Market Scope

The Smart Lighting business sphere is studied extensively by fragmenting it based on product gamut, application scope, and region. Market share held, growth rate, and valuation of each segment, region, and country is enclosed as well. The document also makes inclusion of driving factors, restraining factors, and future trends that are likely to aid revenue inflow in the upcoming years by segment and region.
Moreover, key companies contributing to Smart Lighting market valuation are studied thoroughly. The study entails a list of these companies along with exhaustive information regarding their offerings, strategic decisions such as partnerships, product launches, mergers & acquisitions and SWOT analysis.

Immediate delivery of our off-the-shelf reports and prebooking of upcoming studies, through flexible and convenient payment methods - https://www.theinsightpartners.com/buy/TIPTE100000112/?utm_source=OpenPR&utm_medium=10593

The insights also cover the production, value, market share, and growth rate of these top manufacturers and investigate the competitive landscapes for a better understanding of the market scenario. The report is intended to help the readers develop a practical and intelligent approach to market dynamics and exploit opportunities accordingly.

TIP Knowledge Services Pvt. Ltd.
532, 5th Floor,
Amanora Chambers, East Block, Amanora Township,
Kharadi Road, Hadapsar, Pune-411028

The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

This release was published on openPR.