Global Smart Lighting Market to Grow at 15.8% CAGR: 2014 - 2020 Forecast a New Research Report at ReportsnReports.com
Dallas, Texas (PRWEB) May 26, 2014 -- The smart lighting technology lead to reduction in the energy level to a greater extent by automatically turning off lights when not needed. This contributes in reducing the overall energy consumption. The smart lighting market is growing at a tremendous rate. It provides a variety of lighting control solutions to reduce the energy consumption in commercial, industrial as well as, residential sectors.
Factors like continuing rapid rate of urbanization, increase in the mobility, energy cost are responsible for increasing demand of the smart lighting industry. Such factors have a direct impact on the economic, social and environmental parameters. The smart lighting industry has been focusing on providing better system-wide control over lighting in such a way that the consumption of lighting energy is automatically reduced as much as possible. The introduction of new wireless technologies offers expansion to the capabilities of lighting control.
The smart lighting market is expected to grow at a CAGR of 15.8% from 2014 to 2020, and to reach $56.05 billion by 2020.The smart lighting market is segmented on the basis of lighting type such as; Light Emitting Diode lamps (LED), Fluorescent lamps (FL), Compact Fluorescent lamps (CFL) and High Intensity Discharge lamps (HID). Also, the smart lighting market is segmented into various lighting control components like; relays, controllable breakers, occupancy sensors, dimming actuators, switch actuators, blind/ shutter actuators, transmitters and receivers. The occupancy sensors are further sub-segmented into Passive Infrared (PIR), ultrasonic, dual-technology sensors. The communication technologies play an important role in the evolution of the smart lighting market. The report describes wired and wireless communication technologies used in smart lighting. The smart lighting market is further segmented according to application verticals like commercial and industrial, residential, outdoor lighting, public and government buildings and automobiles.
The report includes segmentation of the geographic market for smart lighting into five major regions: North America, South America, Europe, Asia Pacific and Rest of World. The recent smart lighting trends like internet enabled devices, integration of wireless technologies and others are also briefly explained in the report. The report talks about porter’s five force analysis of the smart lighting markets along with the value chain analysis. It includes the most recent developments in the market under winning imperatives and burning issues and also describes the driving and restraining factors for the smart lighting industry.
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The major players in the smart lighting market are included in the Company profiles section. They are Digital Lumens (U.S.), Legrand S.A (France), Lutron Electronics (U.S.), Streetlight Vision, Zumtobel (Austria), Encelium Technologies(U.S.), Acuity Brands INC.(U.S.), Honeywell(U.S.), Osram GmbH (Germany), and Royal Phillips Elect. N.V. (the Netherlands).
Major Points from Table of Content:
1. Introduction
1.1 Key Take-Aways
1.2 Report Description
1.3 Markets Covered
1.4 Stakeholders
1.5 Research Methodology
1.5.1 Market Size Estimation
1.5.2 Market Crackdown and Data Triangulation
1.5.3 Key Data Points Taken From Secondary Sources
1.5.4 Key Data Points Taken From Primary Sources
1.5.5 Assumptions Made For This Report
1.5.6 List of Companies Covered During Study
2. Executive Summary
3. Market Overview
3.1 Introduction
3.2 Market Definition
3.3 History and Evolution
3.4 Recent Trends
3.5 Market Dynamics
3.6 Restraints
3.7 Porter’s Five Forces Model
4. Smart Lighting Market Analysis & Forecast, By Lighting Type
4.1 Introduction
4.2 Market Overview & Forecast
4.3 LED Lamps
4.4 Fluorescent Lamps
4.5 Compact Fluorescent Lamp
4.6 High Intensity Discharge Lamp
4.7 Others
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5. Smart Lighting Market Analysis & Forecast, By Component
6. Smart Lighting Market, By Connectivity Technology
7. Market By Application
8. Smart Lighting Market Analysis and Forecast By Geography
9. Competitive Landscape
10. Company Profiles
11. List of Tables
12. List of Figures
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