Press release
Smart Lighting Market to grow at a CAGR of 27.1% and 71.3%, respectively, between 2016 and 2022
Smart Lighting
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The global smart lighting market is expected to be valued at USD 19.47 billion by 2022 and is expected to witness a shipment of 1.27 billion units by 2022, at a CAGR of 27.1% and 71.3%, respectively, between 2016 and 2022. The increasing consumer demand for energy-efficient lighting systems, increasing demand for intelligent solutions for street lighting systems and the development in IoT technology in the field of smart lighting are expected to drive the growth of this market. Lack of awareness regarding installation costs and payback periods, and security and privacy issues regarding network connectivity are inhibiting the growth of the smart lighting market.
The high growth of LED light source can be attributed to the fact that it offers a wide range of advantages over conventional light sources, such as low maintenance cost, longer endurance, low power consumption, and also the gradual decrease in price of LED components.
Smart Lighting Market, By Communication Technology :
Wired Communication Technologies
• Digital Addressable Lighting Interface (DALI)
• Powerline Communication (PLC)
• Power Over Ethernet (POE)
• Wired Hybrid Protocols
• Others
• Proprietary Protocols
• Knx
• Lonworks
Wireless Connectivity Technologies
• Zigbee
• Bluetooth/Ble
• Enocean
• Wi-Fi
• 6lowpan
• Wireless Hybrid Protocols
• Others
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Key Points From Table Of Content :
Company Profiles :
(Overview, Financial*, Products & Services, Strategy, and Developments)
• Philips Lighting Holding B.V.
• Acuity Brands Lighting, Inc.
• General Electric Company
• OSRAM Licht AG
• Honeywell International Inc.
• Legrand S.A.
• Schneider Electric SE
• CREE, Inc.
• Cooper Industries, Inc.
• Digital Lumens, Inc.
• Lutron Electronics Co., Inc.
• Streetlight.Vision
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