Smart lighting systems are designed to ensure energy potency, and include automated controls and extremely economical fixtures, which will build changes looking on conditions, example occupancy. Lighting is an intentional use of light to feature sensible and aesthetic result to a space. moreover, these systems embody general, accent and task lighting. Besides this, sensible lighting systems ensure lower energy usage and high price savings.
The Smart Lighting Market is expected to exceed more than US$ 21 Billion by 2024 at a CAGR of 22% in the given forecast period.
The Smart Lighting Market is segmented on the lines of its technology, lighting type, application and regional. Basis of technology is segmented into Wired Technology and Wireless Technology. Based on lighting type it covers LED Lamps, Fluorescent Lamp, Compact Fluorescent Lamp, High Intensity Discharge Lamp and Others. Based on application it covers Commercial & Industrial, Residential, Outdoor Lighting, Public & Government Buildings and Others. The Smart Lighting Market on geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geographic market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.
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The scope of the report includes a detailed study of Smart Lighting Market with the reasons given for variations in the growth of the industry in certain regions.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Encelium Technologies, Inc., Osram Licht AG, Honeywell International Inc., Royal Phillips N. V, Zumtobel Group AG, Acuity Brands, Inc., Legrand SA, Digital Lumens, Inc., Lutron Electronics, and Streetlight Vision. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.
The major driving factors of Smart Lighting Market are as follows:
-Modernization and Development of Infrastructure to rework Cities into sensible Cities
-Increased Demand for Intelligent Solutions for Street Lighting Systems
-Need for Energy-Efficient Lighting Systems
-Increasing Penetration and Decreasing price of LEDs
-Growing Awareness regarding Energy Savings Among consumers and Governments Worldwide
The major restraining factors of Smart Lighting Market are as follows:
-Perception of upper prices of Installation and restricted Awareness regarding Payback Periods
-Security and Privacy problems in sensible Lighting Systems
The Smart Lighting Market is segmented on the Basis of Technology Type, Lighting Type, Application Type and Regional Analysis. By Technology Type this market is segmented on the basis of Wired Technology and Wireless Technology.
By Lighting Type this market is segmented on the basis of LED Lamps, Fluorescent Lamp, Compact Fluorescent Lamp, High Intensity Discharge Lamp and Others. By Application Type this market is segmented on the basis of Commercial & Industrial, Residential, Outdoor Lighting, Public & Government Buildings and Others. By Regional Analysis this market is segmented on the basis of North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
This report provides:
1) An overview of the global market for Smart Lighting Market and related technologies.
2) Analyses of global market trends, with data from 2015, estimates for 2016 and 2017, and projections of compound annual growth rates (CAGRs) through 2024.
3) Identifications of new market opportunities and targeted promotional plans for Smart Lighting Market
4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.
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