Smart Lighting Market Trends, Size, Analysis and Forecast To 2020

Smart Lighting Market Analysis, Share and Size, Emerging Trends,
Overview and Outlook, Growth And Segment Forecasts To 2020
Technavio Announces the Publication of its Research Report Global Smart Lighting Market 2016-2020
Technavio recognizes the following companies as the key players in the global smart lighting market:
Acuity Brands, General Electric, OSRAM, and Schneider Electric.
Other Prominent Vendors in the market are: Advanced Lighting Technology, Bridgelux, Cree, Dialight,
Eaton, Emerson Electric, Everlight Electronics, MLS Electronics, and Toyoda Gosei.
Browse full report with [email protected] https://marketreportscenter.com/reports/368542/global-smart-lightingmarket-2016-2020
Commenting on the report, an analyst from Technavio’ s team said: “Development of smart cities will be
a key trend for market growth. The smart city concept is a set of connected solutions to improve the
quality of life while forming a platform for information exchange through communication channels.
Many governments worldwide are promoting the concept of smart cities and investing in projects such
as smart street lighting, smart grids, urban mobility, and smart parking to ascertain economic growth in
their countries. India's Prime Minister Narendra Modi's the Smart Cities Mission, the Dubai Plan 2021,
US President Barack Obama’ s Smart Cities Initiative, and projects in the UK, Asia, and Africa are some of
the key examples of smart city development.”
According to the report, one of the key drivers for market growth will be the shift in application of
lighting. Governments worldwide promote smart lighting to reduce significant energy consumption, as
lighting accounts for more than 20% of the global energy consumption. Furthermore, climatic changes,
stringent regulations about emissions, and increasing the cost of electricity production due to increasing
power consumption tariffs are some of the key contributing factors fueling the adoption of energyefficient light sources such as smart lighting.
Further, the report states that complexity and inconvenience in repair will be a challenge for the market.
One of the factors that is hampering the adoption of smart lighting is the complexity of design and
architecture. Smart lighting comprises a controller, a fixture, and other accessories bundled together as
one unit, which makes its structure more complex compared with a traditional lighting. Consumers feel
reluctant to change a defective lamp system and therefore require a service specialist to replace it due
to the lack of know-how of the overall system. Although vendors like Philips are coming up with simple
lighting systems, yet the design and complexity of these systems pose a challenge to the market's
growth.
The study was conducted using an objective combination of primary and secondary information
including inputs from key participants in the industry. The report contains a comprehensive market and
vendor landscape in addition to a SWOT analysis of the key vendors.
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About Smart Lighting System
A smart lighting system comprises four components: lighting source (LED or traditional lighting
technologies such as LFL and CFL), sensing element, wireless connection enabling ICs (ICs for connecting
the bulb to Wi-Fi, ZigBee, or Bluetooth), and an application software.
Technavio’ s analysts forecast the global smart lighting market to grow at a CAGR of 19.06% during the
period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global smart lighting market for
2016-2020. The market size is calculated on the basis of revenue generated from the sales of new and
replacement lamps in the smart lighting segment only.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Smart Lighting Market 2016-2020, has been prepared based on an in-depth
market analysis with inputs from industry experts. The report covers the market landscape and its
growth prospects over the coming years. The report also includes a discussion of the key vendors
operating in this market.
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Connect for more details:
Sam Collins
Market Reports Center
1-646-883-3044 (US)
[email protected]

According to the report, one of the key drivers for market growth will be the shift in application of lighting. Governments worldwide promote smart lighting to reduce significant energy consumption