Smart Lighting Market Is Projected To Witness A CAGR Of Over 22%, To Surpass $ 20 Billion By 2022 | TechSci Research
The global smart lighting market is projected to witness a CAGR of over 22%, to surpass $ 20 billion by 2022, on the back of technological advancements in lighting solutions, coupled with booming demand for advanced lighting solutions, especially in street lighting segment, across the globe. Moreover, rising focus on development of smart cities, increasing IoT adoption and emergence of Li-Fi technology are expected to further boost global smart lighting market in the coming years.
Years considered for this report:
- Historical Years: 2012-2015
- Base Year: 2016
- Estimated Year: 2017
- Forecast Period: 2018–2022
Objective of the Study:
- To
define, classify and forecast the global smart lighting market on the
basis of product type, communication technology, software & services,
light source, application and regional distribution.
- To
analyze and forecast the market size of global smart lighting market.
- To
scrutinize detailed market segmentation and forecast the market size, in
terms of value, and on the basis of application by segmenting the global
market into five regions, namely Europe, North America, Asia-Pacific,
Middle East & Africa and South America.
- To
analyze and forecast the market size, in terms of value, for smart
lighting systems & solutions, with respect to key applications which
include indoor and outdoor applications.
- To
strategically profile leading players in the market which are involved in
manufacturing and offering of smart lighting systems & solutions
across the globe.
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Some of the major players operating in the global smart lighting market include Philips Lighting N.V., Acquity Brands Lighting, Inc., General Electric Company, Honeywell International, Inc., OSRAM Licht AG, Schneider Electric SE, Cree Inc., Eaton Corporation, Inc., Legrand SA and Bridgelux, Inc, among others.
TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of smart lighting manufacturers and distributors across the globe.
Subsequently, TechSci Research conducted primary research surveys with the
identified companies. While interviewing, the respondents were also enquired
about their competitors. Through this technique, TechSci Research was able to
include the manufacturers which could not be identified due to limitations of
secondary research. TechSci Research analyzed the product offerings,
distribution channels, and regional presence of all the major smart lighting
distributors across the globe.
TechSci Research calculated the market size for global smart
lighting using a bottom-up approach, where manufacturers’ value data for
standard applications (Indoor and Outdoor applications) was recorded and
forecast for the future years. TechSci Research sourced these values from
industry experts and company representatives and externally validated through
analyzing historical revenues of respective manufacturers to arrive at the
overall market size. Various secondary sources such as directories, company
annual reports, white papers, investor presentations and financial reports were
also studied by TechSci Research.
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Key Target Audience:
-
Smart lighting manufacturers, distributors and other stakeholders
- Indoor
and outdoor end users of smart lighting systems, including residential,
parking lots, commercial, industrial, etc.
- Research
organizations and consulting companies
- Industry
associations
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as smart
lighting manufacturers, distributors, etc. The report would allow the
stakeholders in identifying which market segments should be targeted over the
coming years in order to strategize investments and capitalize on the growth of
the market segment.
Report Scope:
In this report, the global smart lighting market has been
segmented into following categories in addition to the industry trends which
have also been detailed below:
• Market, by Product Type:
o Lighting Controls
o Fixtures
o Smart Bulbs
• Market, by Communication Technology:
o Wired
o Wireless
• Market, by Software & Services:
o Smartphone Application
o Lighting as a Service
• Market, by Light Source:
o LED
o Fluorescent Lamps
o High Density Discharge Lamps
o Others
• Market, by Application:
o Indoor Application
o Outdoor Application
• Market, by Region:
o Europe
o North America
o Asia-Pacific
o Middle East & Africa
o South America
• Market, by Company:
o Philips Lighting N.V.
o Acuity Brands Lighting, Inc.
o General Electric Company
o Honeywell International, Inc.
o Others
Competitive Landscape
Company Profiles: Detailed analysis of the major companies
operating in the smart lighting market.
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
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