Dalla, Texas (PRWEB) January 23, 2014
One of the major trends in the Global Smart Lighting market that is expected to exert a positive influence is the rapid technological advancements. The continuous technological advancements in the design and development of smart lighting systems have increased their power-efficiency and expanded their application in a wide number of applications. In addition, these advancements have led to the development of advanced and highly efficient lighting systems. Therefore, rapid technological advancements taking place in the market have increased the smart lighting system applications across the globe - http://www.reportsnreports.com/reports/273341-global-smart-lighting-market-2014-2018-.html.
Analysts forecast the Global Smart Lighting market to grow at a CAGR of 36.4 percent over the period 2013-2018. According to the report, there are many drivers contributing to the growth of the Global Smart Lighting market, the most important of which is the increasing demand for energy-efficient lighting from industries worldwide. The growing concerns over the scarcity of power derived from non-renewable resources, and the increasing need to minimize power consumption while expanding industrial applications for lighting are some of the major factors driving the demand for LEDs in the market.
Further, the report states that one of the key challenges in the market is the expensive replacement program of lighting. The cost required for replacing traditional lighting systems with smart lighting systems is very high as a large sum of capital has to be invested in labor, lighting, and servicing.
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The report recognizes the following companies as the key players in Global Smart Lighting Market: OSRAM GmbH, Koninklijke Philips N.V., Samsung Electronics Co. Ltd., and Zumtobel Lighting GmbH.
Other vendors mentioned in the report are Acuity Brands Inc., Adura Technologies, Inc., Control4 Corp., Daintree Networks, Inc., Digital Lumens, Inc., Encelium Technologies, Enlighted, Inc., Honeywell International Inc., Legrand S.A., Lutron Electronics, Inc., NXP Semiconductors N.V., Redwood Systems, Inc., Smart Lighting Engineering Research Center, and Tvilight B.V
Analysts forecast the Global Professional Lighting market (http://www.reportsnreports.com/reports/272115-global-professional-lighting-market-2014-2018.html) to grow at a CAGR of 5.91 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increasing number of professional gatherings. The Global Professional Lighting market has also been witnessing the increasing demand from new markets. However, the increasing threat of rivalry could pose a challenge to the growth of this market.
The key vendors dominating this market space are General Electric Co., Koninklijke Philips Electronics N.V., OSRAM Sylvania Inc., Panasonic Corp., and Zumtobel Lighting GmbH.
Other vendors mentioned in the report are Bridgelux Inc., Cree Inc., Lemnis Lighting B.V., Luminus Devices Inc., Luxim Corp., Nichia Corp., Samsung Electronics Co. Ltd., SemiLEDs Corp., Seoul Semiconductor Co. Ltd., and Universal Display Corp.
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Global Lighting Control Market 2012-2016 (http://www.reportsnreports.com/reports/269909-global-lighting-control-market-2012-2016.html): Analysts forecast the Global Lighting Control System market to grow at a CAGR of 17.9 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand from end-users. The Global Lighting Control System market has also been witnessing the increasing need for energy conservation. However, the diminishing ROI of lighting controls measurements could pose a challenge to the growth of this market.
Reports on LED Lighting Market:
LED Lighting: Market Shares, Strategies, and Forecasts, Worldwide, 2013 to 2019 (http://www.reportsnreports.com/reports/269046-led-lighting-market-shares-strategies-and-forecasts-worldwide-2013-to-2019.html) Sales of LEDs that outpace incandescent bulbs in North America are expected to soon completely eliminate incandescent bulbs. The LED lighting market is anticipated to grow 45% per year through 2019. The LED lighting market at $4.8 billion in 2012 is anticipated to go to $42 billion by 2019. The reason is the declining price points, the increased interest by the channel in pushing LEDs to consumers. LEDs provide the best lighting solution. The phase out of incandescent lights has begun, the onset of LED command of the market is upon us.
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Global LED Lighting Market 2012-2016 (http://www.reportsnreports.com/reports/268107-global-led-lighting-market-2012-2016.html): Analysts forecast the Global LED Lighting market to grow at a CAGR of 35.6 percent over the period 2012-2016. One of the key factors contributing to this market growth is the declining average selling price of LEDs. The Global LED Lighting market has also been witnessing an increasing adoption of LEDs. However, the fluctuating global economy could pose a challenge to the growth of this market.
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