(PRWEB UK) 29 March 2013
The growth of the world smart lighting market is expected to be remarkable with the revenue growth from $1070 million in 2012 to $6,747.9 million by 2018, at an estimated CAGR of 36.0% from 2013 to 2018. The major players in the smart lighting industry are Philips (The Netherlands), Osram Gmbh (Germany), Acquity brands (U.S.), Zumtobel AG (Austria), Legrand S.A. (France), Lutron electronics company (U.S.) and so on. However, new entrants like NXP semiconductors (U.S.), Redwood systems (U.S.), Digital lumens (U.S.) have launched some ground breaking smart lighting products.
The report 'Global Smart Lighting Market' deals with all the driving factors, restraints, and opportunities with respect to the smart lighting market, which are helpful in identifying trends and key success factors for the industry. It also profiles companies which are active in the field of smart lighting technology. The report provides the competitive landscape of the players, which covers key growth strategies followed by all the major players. It also highlights the winning imperatives and burning issues related to the smart lighting industry. It also analyzes the market with the help of Porters five-force model.