Press release
Global Smart Lighting Market to grow USD 59.973 billion, at a CAGR of 21% By 2021
Global Smart Lighting Market Information by lighting type (led, fluorescent lights, compact fluorescent lamps) by Application (commercial applications, residential applications) by components (sensors, relays timers) Sub Types - Forecast 2016-2021
Market Synopsis of Smart Lighting Market:
Market Scenario:
Intelligent lighting systems are being widely touted as the future of the lighting industry. With the massive proliferation of lighting fixtures such as LEDs and others in the market, the smart lighting industry is set to dominate a plethora of applications ranging from commercial to outdoor applications. The market for global Smart Lighting is expected to reach up to $ 59.973 billion by the end of the forecasted period and is expected to grow at a CAGR of ~19-21%.
The major factors contributing to the growth of the Smart Lighting market are driven by continuously declining average selling price (asp) of led bulbs and influx of smart apps, internet of things and remote access & control by software providers.
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Key Players for Smart Lighting Market:
• Aura Lights(Sweden),
• Cree (US),
• Crompton Greaves (India),
• Digital Lumens (US),
• Eyelighting International (US),
• Ge Lighting (US),
• Havells Sylavania (India),
• Koninkiljke Philips Nv (Netherland),
• Ledzed (Finland),
• Lemnis Lighting (Netherland) and others.
Study Objectives of Smart Lighting Market:
• To provide detailed analysis of the market structure along with forecast for the next 6 years of the various segments and sub-segments of the Global Smart Lighting Market.
• To provide insights about factors affecting the market growth.
• To Analyze the Global Smart Lighting Market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the world.
• To provide country level analysis of the market with respect to the current market size and RoW future prospective.
• To provide country level analysis of the market for segments by lighting type, by application, by components and their sub-types.
• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Smart Lighting Market.
Segments:
Global Smart Lighting market has been segmented on the basis of lighting type which comprises of led, fluorescent lights, compact fluorescent lamps, and high intensity discharged lamps. The Smart Lighting market is further divided into components which include sensors, relays and timers, actuators and ballasts. On the basis of application which consists of commercial applications, residential applications, other applications (smart street lighting, institutional, etc.)
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The report for Global Smart Lighting Markets of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions.
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We are thankful for the support and assistance from Global Smart Lighting Market Research Report - Forecast to 2021chain related technical experts and marketing experts during Research Team survey and interviews.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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Akash Anand,
Market Research Future
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Email: akash.anand@marketresearchfuture.com
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