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Smart Lighting Market is estimated to reach US$ 51.05 Bn by 2025| The Insight Partners
Browse market data tables and in-depth TOC of the Smart Lighting Market to 2025 @ http://www.theinsightpartners.com/reports/smart-lighting-market
Lighting is significant origin of energy utilized globally. To minimize the power consumption it is important to deduce the usage of this sources by optimization of the lighting system. Smart lighting exhibits enormous potential in the market as it provides its customers with the facility of appropriate amount of light at the right place and right time. With the rise in urbanization and population growth the demand for effect lighting solutions have increased, and this demand subsequently would lead to rapid development and advancement in the lighting industry in future.
The global smart lighting market has been segmented on the basis of lighting Type into. Light Emitting Diode (LED) Lamp, Fluorescent Lamps, Compact Fluorescent Lamps (CFL), High Intensity Discharge Lamps and Others (Neon Lamps and Photographic Flashes). The global smart lighting market is further segmented on the basis of application Industrial lighting, Residential lighting, Commercial lighting, Government, Outdoor lighting and Automotive lighting by. Geographically, the global smart lighting market is segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA) and South America (SAM).
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Currently, smart lighting have seen significant adoption in the European countries and North America. Furthermore, with advancements in technology and infrastructure, various developing economies in APAC and MEA are expected to witness significant adoption of smart lighting solutions. Thus, Europe dominate the global smart lighting market, however, they are expected to lose market share to APAC during the forecast period. The APAC region is expected to register a growth rate of 23.7% during 2016 to 2025.
In 2015, Saudi Arabia led the smart lighting market in Middle East and Africa (MEA), and is expected to continue its dominance by expanding at a CAGR of 23.8% during the forecast period from 2015 to 2025. Also, South Africa is expected to witness rising adoption of smart lighting owing to the increasing awareness of energy consumption and decreasing price of LED. The report profiles key players such as Konjnklijke Philips N.V., Osram GmbH, Lutron Electronics Co. Inc., Lutron, Legrand S.A., Acuity Brands, Digital Lumens, Inc. and Zumtobel.
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The report segments the global smart lighting market as follows:
Global Smart Lighting Market – By Lighting Type
LED lamp
Fluorescent lamp
Compact fluorescent lamp
High Intensity discharge lamps
Other
Global Smart Lighting Market – By Application
Industrial lighting
Residential lighting
Commercial lighting
Government
Outdoor lighting
Automotive lighting
Global Smart Lighting Market – By Connectivity Technology
Wired Technology
Wireless Technology
Global Smart Lighting Market – By Geography
North America
Asia Pacific (APAC)
Middle East & Africa (MEA)
South America (SAM)
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About The Insight Partners:
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 are a specialist in Technology, Media, and Telecommunication industries.
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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 are a specialist in Technology, Media, and Telecommunication industries.
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