The outdoor light emitting diode smart lighting market is growing because of the low cost of the LED and efficient working of it. LEDs are small, solid light bulbs which are extremely energy efficient and long lasting.
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The long life of LED lamps was initially attractive, however, low brightness and high cost meant that they were generally restricted to use in dashboards. The new era with the internet of things (IoT) brings in the collaborative streaming of real-time data and artificial intelligence but the most striking feature is that it enables consumers to make better decisions thereby saving money.
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Along with technology development in the digitized infrastructure, outdoor LED smart lighting has evolved over the years. Increasing consumption of this type of solution can be seen in sports stadium, architecture and entertainment sector.
The adoption of it is growing day by day. The segmentation of it is done on the basis of component, communication technology and service.
LED lighting ability is to improve total plant productivity. By LED lighting can save time and costs, and also provide business intelligence data, reduce waste and redundancies, and enhance plant operations.
The evolution of the Internet of Things (IoT and Secure Sockets Layer (SSL) has transformed the global lighting market as manufacturers have started using semiconductors in place of wires and gas to power smart lighting systems.
The Outdoor LED Smart Lighting Solution Market is growing rapidly over 12% of CAGR and is expected to reach approximately at USD 8 billion by the end of forecast period.
Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Outdoor LED Smart Lighting Solutio…-Forecast to 2022”.
Outdoor LED Smart Lighting Solution Market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
- Philips Lighting Holding B.V. (Netherlands),
- Acuity Brands, Inc. (U.S.),
- General Electric (U.S.),
- Osram Licht Ag (Germany),
- Honeywell International Inc. (U.S.),
- Cooper Industries, Inc. (U.S.),
- Schneider Electric Se (France),
- Digital Lumens, Inc. (U.S.),
- Vision (France),
- Lutron Electronics Company, Inc. (U.S.)
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The outdoor LED smart lighting solution Market has been segmented on the basis of deployment and service. On basis of application the outdoor led smart lighting solution consists of street lighting, landscape lighting, stadium, parking, waterways, others.
The implementation of LED smart solutions in street lighting has following benefits LED or retro-fitting to existing fixtures, With remote control, you can save energy by only using the precise amount of light you need and by accurately measuring every watt used. You can cut maintenance costs with real-time fault monitoring and by using detailed operational intelligence to improve day-to-day effectiveness and planning.
Regional analysis for outdoor LED smart lighting solution market is studied in different geographic regions as Americas, Europe, Asia-Pacific and Rest of world. The study reveals that North America followed by European region would evolve as a leader in outdoor led smart lighting solution market.
The study indicates large investments by European government towards outdoor led smart lighting solution would result in rapid growth of outdoor LED smart lighting solution market by the forecast period. The two are expected to collectively account for major share in the market throughout the forecast period.
The European region’s dominance is due to the increasing adoption of smart lighting solution in different application segments including commercial, industrial, outdoor and residential segment. However, the Asia Pacific smart lighting market is likely to exhibit rapid growth in the coming years.
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List of Tables
Table 1 Outdoor Led Smart Lighting Solution Market, By Component
Table 2 Outdoor Led Smart Lighting Solution Market, By Communication Technology
Table 3 Outdoor Led Smart Lighting Solution Market, By Application
Table 4 Outdoor Led Smart Lighting Solution Market, By Region
Table 5 North America Outdoor Led Smart Lighting Solution Market, By Component
Table 6 North America Outdoor Led Smart Lighting Solution Market, By Communication
Table 7 North America Outdoor Led Smart Lighting Solution Market, By Application
Table 8 U.S. Outdoor Led Smart Lighting Solution Market, By Component
Table 9 U.S. Outdoor Led Smart Lighting Solution Market, By Communication Technology
List of Figures
Figure 1 Research Network Solution
Figure 2 Outdoor Led Lighting Solution Market: By Component (%)
Figure 3 Outdoor Led Lighting Solution Market: By Communication Technology (%)
Figure 4 Outdoor Led Lighting Solution Market: By Application (%)
Figure 5 Outdoor Led Lighting Solution Market: By Region (%)
Figure 6 North America Outdoor Led Lighting Solution Market, By Component (%)
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