Press release
Smart Lighting Market Reducing Energy Consumption in Commercial & Industrial Buildings
In addition, the report segments the market based on the component type, which include relays, controllable breakers, sensors, switch actuators, dimmer actuators and others.
By lighting types, the market is segmented into LED lamps, fluorescent lamp, compact fluorescent lamp, high intensity discharge lamp and others. It also segments the market on the basis of application as commercial & industrial, residential, outdoor lighting, public & government buildings and others. All these segments have also been estimated on the basis of geography in terms of revenue (USD billion).
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For better understanding of the smart lighting market, we have given a detailed analysis of the supply chain. A detailed Porter’s five forces analysis has been given for a better understanding of the intensity of the competition present in the market.
Furthermore, the study comprises a market attractiveness analysis, where the applications are benchmarked based on their market scope, growth rate and general attractiveness.
The global smart lighting market is expected to witness a significant growth during the forecast period. This is due to the increasing adoption of smart lighting solution across various application segments such as industrial, commercial, public and government buildings.
In addition, incorporation of smart lightings in various outdoor lighting and residential buildings is further aiding the growth of smart lighting market. Presently, commercial and industrial segment holds the majority of the market share and is expected to dominate the market during the forecast period from 2014 to 2020.
However, the residential application of smart lighting has the highest growth potential of smart lighting in the next few years. Moreover, increasing demand for smart lightings for implementation in smart streetlights for remote monitoring and automated lighting systems is aiding the growth of the market.
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TMR is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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