Press release
Smart Lighting Market - Surge in installation of LED Lamps By Replacement of Traditional Lamps Is Expected To Boost The Global Market Growth During The Forecast Period.
Browse the full Smart Lighting Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020 report at http://www.transparencymarketresearch.com/smart-lighting-market.html
By components, the smart lighting market is segmented into controllable breakers, switch actuators, relays, sensors, dimmer actuators, and others. In 2014, controllable breakers held the largest share of the smart lighting market in terms of revenue and are estimated to retain their lead through 2020. Dimmer actuators and sensors, on the other hand, are anticipated to witness the strongest growth during the forecast period owing to the rising demand for automated lighting systems and better lighting experience.
By lighting type, the smart lighting market is categorized into fluorescent lamps, high intensity discharge lamps, LED lamps, compact fluorescent lamps, and others. Even though compact fluorescent lamps enjoyed the largest share of the overall market in 2014, the demand for LED lamps is projected to soar in the coming years. By application, the smart lighting market is fragmented into residential, public and government buildings, commercial and industrial, outdoor lighting, and others. In terms of revenue the industrial and commercial sector dominate the smart lighting market. However, the demand for smart lighting in the residential sector is anticipated to rise at the highest rate during the forecast period.
The smart lighting market is geographically divided into Europe, North America, Asia Pacific, and Rest of the World. Europe dominates the global market and is anticipated to retain its lead throughout the forecast period. The market in this region is driven by the growing adoption of smart lighting systems as the energy-efficient lighting solution of choice. Accounting for a 35.0% share in the smart lighting market, North America comes in second after Europe. Asia Pacific and Rest of the World, though niche markets at present, are two of the most lucrative regional segments and are projected to witness strong growth in the coming years.
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The global smart lighting market is dominated by leading players such as Digital Lumens, Inc., Osram Licht AG, Encelium Technologies, Inc., Royal Phillips N. V, Legrand SA, Acuity Brands, Inc., Zumtobel Group AG, Lutron Electronics, Company, Inc., Honeywell International Inc., and Streetlight Vision. The research report on the smart lighting market studies and analyzes the performance and contribution of these companies on the basis of aspects such as business and financial overview, recent developments, business strategies, and product portfolio.
Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends 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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