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Learn details of the Global smart lighting industry worth USD 51.05 billion by 2025

Learn details of the Global smart lighting industry worth USD 51.05 billion by 2025

Growing awareness regarding energy conservation and reducing price of LED to Boost the Smart Lighting Market at a CAGR of 17.1%

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imageThe smart lighting is a technology that enables its users to govern the lighting of any space without being surrounded by unnecessary wires. Smart lighting is a part of upcoming IoT technology, facilitating mobile and sensor based control on the luminosity of lights in a particular space.

The intelligent connected lighting offers ecofriendly environment and effectively reduces the consumption of energy. The global Smart Lighting market is expected to grow at a CAGR of 17.1% during the forecast period 2016 – 2025 and accounts for US$ 51.05 Bn in the year 2025.

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The global smart lighting market is fragmented 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).

Furthermore the segmentation is based upon application of smart lighting viz. Industrial lighting, Commercial lighting, Residential lighting, Outdoor lighting, Automotive lighting and Government.

According to the geographic regions, the market is segmented into Europe, Middle East & Africa (MEA), Asia Pacific (APAC), North America and South America (SAM). With many developing countries in the region of Middle East and Africa, it is expected to have the highest CAGR of 24.4% during the forecast period.

The shortcoming of a wireless system are occasional disturbance in communications among the devices. When a wireless lighting system is installed in a place, one should always make sure that the keypads, processors and dimmers are within a specific range.

For example, some old residential buildings may be constructed with metal wire integrated in the walls that might create disturbance or weaken the signals of a wireless system. Though it has certain drawbacks, it is expected to capture more than half of the lighting market in next few years.

Thus, maximum companies are switching their product portfolio to wireless smart lighting solutions. Major players in this segment are Philips, GE, OSRAM and Daintree.

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Now a day’s wireless connectivity is taking a leap over the wire abled connecting networks as wireless is more convenient to use. First this technology was used in the telephones now called as the mobile phones and since then the wireless technology has revolutionized the way things were viewed.

Wireless technology has given its consumers freedom from the limited range of the wired devices.

The wireless technology has become an integral part of day to day lifestyle. Wireless technologies like Bluetooth, Wi-Fi, and RF Ids are experiencing high adoption rate among users.

The rising popularity of wireless technology in lighting solution is thus considered to be one of the major reasons driving the smart lighting market. The wireless lighting solutions are easy to control and help its customers to attain maximum energy saving.

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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

The lighting hardware is highly integrated and dependent on the software platform being used. As there is no common standard for wireless smart lighting products, the complete idea of various smart lighting devices networked together and the entire process of networking becomes complicated.

For example, Philips employs ZigBee Light Link, GreenWave uses NXP JenNet-IP and Insteon uses its own wireless technology and all these are incompatible with each other. This incompatibility would result in inconvenience for the user as the choice of products and services will get limited by the platform being used, or else the entire operation of smart lighting would get complicated.

Major players in the global smart lighting market comprises of Osram Licht AG (Germany), Honeywell International Inc. (U.S.A), Koninklijke Philips N.V.

(Netherland), Eaton Corporation PLC. (Ireland), Digital Lumens Inc. (U.S.A), Lutron Electronics Company Inc.

(U.S.A), General Electric Company (U.S.A), Legrand SA (France), Streetlight.Vision (France) and Acuity Brands Lighting Inc. (U.S.A).among others.

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List of Tables

Table 1: Comparison of LED & Smart LED with Other Traditional Lighting Solutions 25
Table 2: Retrofit Costs 30
Table 3: Smart Lighting Market – Porters Five Forces Analysis 34
Table 4: Global Smart Lighting Market Revenue (US$ Bn), 2014 – 2025 38
Table 5: Global Smart Lighting Market – Market Positioning of Key Players, 2015 39
Table 6: North America Smart Lighting Market Revenue and Forecasts to 2025 – By Lighting Type (US$ Bn) 77
Table 7: North America Smart Lighting Market Revenue and Forecasts to 2025 – By Application (US$ Bn) 79
Table 8: North America Smart Lighting Market Revenue and Forecasts to 2025 – By Connectivity Technology (US$ Bn) 81
Table 9: Europe Smart Lighting Market Revenue and Forecasts to 2025 – By Lighting Type (US$ Bn) 93
Table 10: Europe Smart Lighting Market Revenue and Forecasts to 2025 – By Application (US$ Bn) 95
Table 11: Europe Smart Lighting Market Revenue and Forecasts to 2025 – By Connectivity Technology (US$ Bn) 97
Table 12: Asia Pacific Smart Lighting Market Revenue and Forecasts to 2025 – By Lighting Type (US$ Bn) 108
Table 13: Asia Pacific Smart Lighting Market Revenue and Forecasts to 2025 – By Application (US$ Bn) 110
Table 14: Asia Pacific Smart Lighting Market Revenue and Forecasts to 2025 – By Connectivity Technology (US$ Bn) 112
Table 15: Middle East & Africa Smart Lighting Market Revenue and Forecasts to 2025 – By Lighting Type (US$ Bn) 123
Table 16: Middle East & Africa Smart Lighting Market Revenue and Forecasts to 2025 – By Application (US$ Bn) 125
Table 17: Middle East & Africa Smart Lighting Market Revenue and Forecasts to 2025 – By Connectivity Technology (US$ Bn) 127
Table 18: South America Smart Lighting Market Revenue and Forecasts to 2025 – By Lighting Type (US$ Bn) 135
Table 19: South America Smart Lighting Market Revenue and Forecasts to 2025 – By Application (US$ Bn) 137
Table 20: South America Smart Lighting Market Revenue and Forecasts to 2025 – By Connectivity Technology (US$ Bn) 139
Table 21: Acuity Brands Lighting Inc., Key Facts, 2015 140
Table 22: Acuity Brands Lighting Inc., SWOT Analysis 142
Table 23: Daintree Networks, Inc. Key Facts, 2015 145
Table 24: Daintree Networks, Inc. SWOT Analysis 146
Table 25: Digital Lumens, Inc., Key Facts, 2015 149
Table 26: Digital Lumens, Inc., SWOT Analysis 150
Table 27: Eaton Corporation Plc, Key Facts, 2015 153
Table 28: Eaton Corporation Plc, SWOT Analysis 155
Table 29: General Electric, Key Facts, 2015 158
Table 30: GE, SWOT Analysis 160
Table 31: Legrand SA, Key Facts, 2015 163
Table 32: Legrand SA, SWOT Analysis 165
Table 33: Lutron Electronics, Inc., Key Facts, 2015 168
Table 34: Lutron Electronics, Inc., SWOT Analysis 169
Table 35: OSRAM GmbH, Key Facts, 2015 171
Table 36: OSRAM GmbH, SWOT Analysis 173
Table 37: Koninklijke Philips N.V., Key Facts, 2015 176
Table 38: Koninklijke Philips N.V., SWOT Analysis 178
Table 39: Sensity Systems, Inc., Key Facts, 2015 181
Table 40: Sensity Systems, Inc., SWOT Analysis 182
Table 41: Streetlight.Vision, Key Facts, 2015 185
Table 42: Streetlight.Vision, SWOT Analysis 186
Table 43: Honeywell International Inc., Key Facts, 2015 189
Table 44: Honeywell International, Inc. SWOT Analysis 191
Table 45: Glossary of Terms, Smart Lighting Market 194

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