Worldwide Market Description of Smart Lighting:
Smart lighting systems embedded with various sensors and wireless
technology can substantially reduce energy consumption compared to
traditional lighting systems. One of the most prominent applications
of smart lighting includes commercial and industrial buildings.
Lightings in commercial and industrial buildings contribute to around
40% of the total energy expenditure. Presently, the majority of the
lightings installed in buildings stocks are based on the older and
less energy-efficient lighting technology. The building owners and
other stakeholders are increasingly becoming aware of and accepting
the need for smart lighting to trim down energy consumption. This
factor has resulted in the growth of smart lighting market during the
forecasted period. Furthermore, gradual transition from traditional
lighting or lamps to more energy efficient LED lamps is attributing
to the growth of the smart lighting market globally. Ability of LEDs
to adjust light color, intensity and directions is leading to
increasing incorporation in smart lighting solutions. Surge in
installation of LED lamps by replacement of traditional lamps is
expected to boost the global smart lighting market growth during the
forecast period.
The global smart lighting market is divided based on lighting type
into five segments: LED lamps, fluorescent lamps, compact fluorescent
lamps, high intensity discharge lamps and others. LED lamp segment
have the highest growth potential during the forecast period
attributed to the ability of substantially reducing energy
expenditure in end user applications such as commercial and
industrial buildings. However, incorporation of LED lamps requires
high initial investment due to elevated price of LED lamps compared
to traditional lighting such as compact fluorescent lamps and
fluorescent lamps. Overall the LED lamp type segment is expected to
see a robust growth throughout the forecast period owed to its high
life expectancy and features such as dimming and varying light color
and temperature.
The smart lighting market can be segmented based on components into:
controllable breakers, relays, dimmer actuators, sensors, switch
actuators, and others. In terms of revenue, controllable breakers
held majority share of the smart lighting market in 2014 and is
expected to continue its leading position throughout the forecast
period. Demand for smart controllable breakers with advanced
programmable features have attributed to increasing replacement of
traditional breakers, driving the growth of the segment.
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Lighting Solutions at:
Based on application, the market has been segmented into five types,
which includes commercial and industrial, residential, public and
government buildings, outdoor lighting, and others. Commercial and
industrial is the major application segments of the smart lighting
market followed by public and government buildings, outdoor
lightings, and residential buildings. In addition, the commercial and
industrial segment is expected to maintain its leadership during the
forecast period attributed to surge in demand for energy efficient
lighting in industries and commercial buildings primarily aimed at
reducing energy expenditure. In addition, increasing adoption of
smart lighting in public and government buildings is driving the
growth of the overall smart lighting market globally. Moreover, the
requirement of remote monitoring and automated lighting controls are
further driving the growth of smart lightings in residential and
other indoor application segments.
Key players in the smart lighting market are Royal Phillips N.V.
(Netherlands), Zumtobel Group AG (Austria), Acuity Brands, Inc.
(U.S.), Encelium Technologies, Inc. (U.S.), Digital Lumens, Inc.
(U.S.), Honeywell International Inc. (U.S.), Legrand SA (France),
Osram Licht AG (Germany), Streetlight Vision (France) and Lutron
Electronics, Company, Inc. (U.S.) among others.
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