According to a new market research report "Smart Lighting Market by Component (Relays, Occupancy Sensors, Actuators, Transmitters, Receivers), Lighting Type (LED, FL, CFL, HID), Connectivity Technology (Wired, Wireless), Application (Commercial, Industrial, Public, Government, Residential) & Geography - Global Forecast & Analysis to 2014-2020".
Browse 80 market data tables with 55 figures spread through 265pages and in-depth TOC on "Smart Lighting Market".
Smart lighting includes an environment which is completely controlled by lighting control systems. The use of these lighting control systems enable to deliver the right amount of light at the right place and also at the right time. This aids to increase the potential of smart lighting industry. The use of internet-enabled lighting devices and integration of wireless technologies with such devices are biggest factors for the growth of smart lighting industry. The lighting control systems utilize factors such as occupancy, available daylight and time of day to turn lights on or off accordingly. The building owners as well as administrators are therefore experiencing a great level of flexibility along with a noteworthy energy and cost savings. The evolution of smart lighting over a period of years includes technologies and solutions such as automated lighting controls, occupancy and daylight detection, use of Light Emitting Diode (LED) / Organic Light Emitting Diode (OLED), implementation of wireless lighting.
Lighting Control solutions, based on different technologies, reduce lighting energy consumption in commercial & industrial buildings by up to 70%. These solutions were restricted in the past by cost, complexity and applicability, but new wireless technologies provide ways to expand the capabilities of lighting control and offer them to a wider set of customers. Residential building applications will also potentially grow to a large extent with the incorporation of wireless technology, as compared to the other applications.
The growth of the smart lighting market in the coming years is expected to be very important, with the revenue growth estimated to reach $56.05 billion by 2020, at an estimated CAGR of 15.8% from 2014 to 2020. The major players in this market include Acuity Brands, Inc. (U.S.), Legrand S.A (France), Lutron Electronics Company, Inc. (U.S) and Zumtobel AG (Austria). Several other acquisitions, mergers, new product launch, agreements and so on, have taken place recently and are discussed in the report.
The report covers the market by lighting type, lighting control components, connectivity technologies, application and geography. It provides detailed analysis of the current market scenario and its estimation till the year 2020. The report profiles companies which are active in the field of smart lighting technology. It highlights the winning imperatives and burning issues related to this industry. It also analyzes the market with the help of Porter's five-force model. The report provides competitive landscape of the players, which covers key growth strategies followed by all the major players.
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