KACSK Market Research has come up with the latest market research study on- The global smart lighting market is expected to generate revenue worth $8.68 billion in 2018, and is projected to reach $38.68 billion by 2026, to register a CAGR of 20.5% during the forecast period. Smart lighting is intended to oversee luminance utilizing remote controls. Smart lighting guarantees vitality productivity and incorporates robotized control and exceptionally proficient installations, which can modify contingent upon conditions, for example, inhabitancy and outside lighting. Lighting is a deliberate utilization of light to add a reasonable and tasteful impact to space. Moreover, these frameworks incorporate general, highlight, and undertaking to light. Other than this, smart lighting frameworks guarantee lower vitality use and significant expense investment funds.
The smart lighting market is sectioned based on offer, network innovation, lighting innovation, application, and modern vertical. Contingent upon offering, it is bifurcated into equipment and programming. By network innovation, it is sorted into Bluetooth, Zigbee, WiFi, and DALI. Based on lighting innovation, it is arranged into LED, Halogen, glowing, Fluorescent, and CFL. The applications shrouded in the examination incorporate indoor and open-air lighting. By modern vertical, it is fragmented into business, private, mechanical, car, and others. District insightful, it is examined across North America, Europe, Asia Pacific, and LAMEA.
The elements, for example, ascend sought after for canny road lighting frameworks in developing and developed countries, development deprived for vitality effective lighting frameworks for the supportable turn of events, and the high entrance of LED bulbs and lighting, all-inclusive, drive the worldwide smart lighting market. Be that as it may, high establishment cost and support cost in smart lighting hamper the market development. Moreover, headway in remote correspondence innovation, development in improvements of smart city ventures, particularly in Asia-Pacific, and the rise of IoT innovation for smart lightning are relied upon to give worthwhile chances to the market development.
Key players dissected in the report incorporate Acuity Brands, Inc., Cisco Systems, Inc., Cree, Inc., Eaton, Deco Lighting, Inc., Dialight, General Electric, Honeywell International Inc., Koninklijke Philips N.V., and Syska. These players have embraced different key procedures, for example, item dispatch, coordinated effort, organization, securing, and understandings to drive the market and increment their net deals. Moreover, conspicuous procedures, for example, item dispatch and business development are embraced by driving players to fortify their business reach and position in the worldwide smart lighting sensor showcase. For example, Philips Hue remote lights, Hue lights, utilize around multiple times less vitality contrasted with conventional incandescent lamp bulbs, which makes them eco- friendly
KEY MARKET SEGMENTS
By Connectivity Technology
By Lighting Technology
ï North America
o The U.S.
o Rest of Europe
o Rest of Asia-Pacific
o Latin America
o Middle East
Key Market Players
ï Acuity Brands, Inc.
ï Cisco Systems, Inc.
ï Cree, Inc.
ï Deco Lighting, Inc.
ï General Electric
ï Honeywell International Inc.
ï Koninklijke Philips N.V.
Historical data from 2015 to 2018
The base year for estimation 2019
Forecast period 2020 to 2026
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5- Market Share
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