Smart Lighting Market Future Scope, Strategy and Outlook Till 2025

According to a new market research study titled ‘Smart Lighting Market to 2025 – Global Analysis and Forecast by Lighting Type, Application and Connectivity Technology’, the global smart lighting systems market was valued at US$ 10.55 Bn in 2015 and is estimated to reach US$ 51.05 Bn by 2025.

The report highlights the trends prevalent in the global market and the factors driving the market along with those that act as deterrents to its growth.

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.

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 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).

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.

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Companies Mentioned

– Koninklijke Philips N.V.
– Eaton Corporation PLC.
– Honeywell International Inc.
– Acuity Brands Lighting, Inc.
– Lutron Electronics Company Inc.
– Digital Lumens, Inc.
– Legrand SA
– General Electric Company
– Osram Licht AG
– Streetlight. Vision

TABLE OF CONTENTS

1.1 List of Tables
1.2 List of Figures

2 Introduction

2.1 TIP Research Report Guidance

3 Key Takeaways

4 Smart Lighting Market Landscape

4.1 Overview
4.2 Definitions
4.3 Value Chain Analysis

5 Smart Lighting Market – Key Industry Dynamics

5.1 Key Market Drivers
5.2 Key Market Restraints
5.3 Key Market Opportunities
5.4 Future Trends

Continue…..

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Posted by on Friday December 13 2019, 7:00 AM EST. All trademarks acknowledged. Filed under Technology, Media, & Telecommunications. Comments and Trackbacks closed. Follow responses: RSS 2.0

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