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Markets and Markets : 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.
[June 23, 2014]

Markets and Markets : 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.

(M2 PressWIRE Via Acquire Media NewsEdge) According to a new market research report "Smart Lighting Market by Component (Relays, Occupancy Sensors, Actuators, Transmitters, Receivers), Lighting Type (LED, FL, CFL, HID), Connectivity Technology (Wired, Wireless), Application (Commercial, Industrial, Public, Government, Residential) & Geography - Global Forecast & Analysis to 2014-2020". Early buyers will receive 10% customization on this report.

The smart lighting systems enable improved building performance, enhancing occupant comfort, and satisfaction with the environment as well as increasing energy efficiency. The advanced smart lighting control strategies have great potential to achieve more energy savings and offer additional advantages over traditional lighting systems. The intelligent lighting control systems designed by various manufacturers across the globe offer a high level of command and innovation and flexibly adjust the light sources used in many industrial verticals including commercial, residential and industrial. The smart lighting companies provide lighting control systems comprised of pre-programmed timers and light sensors, presence detection, dimming and brightening lighting corresponding to ambient light and many such features in order to enhance user comfort and improve their brands.

Purchase Report @ The smart lighting industry involves the use of lighting control systems that deliver correct amount of light when needed. It deals with the technology where lights can automatically perform various operations at set times or under set conditions. It makes use of intelligent lighting control systems to intelligently control light, based on various parameters such as; occupancy, movement, color temperature, amount of natural/daylight and so on. The customers of lighting control systems apply a set of such lighting control strategies using specific technologies and methods to control consumption of light energy. Automated lighting control not only provides less expensive and more flexible lighting, but also monitors various tasks carried out by the users. The smart lighting market is growing in a remarkable way and the main factors driving this growth are the rising growth of Light Emitting Diode (LED), lighting in commercial modernization, rapid growth of street lighting systems, and expansion of this technology in smart cities. At present there are many companies launching new products in the market.

Smart lighting relates to the lighting technology intended for energy efficiency with utilization of lighting control systems. In industrial, commercial as well as residential applications, lighting consumes around 40% of total energy cost. Hence the governments, industrialists, stakeholders are focusing on reducing the energy utilization by substituting traditional lighting with advanced energy-efficient lighting devices and technologies. Therefore, the demand for lighting control systems is increasing in a drastic way thereby, giving an exponential growth to the smart lighting industry. This report covers the" Global Smart Lighting Market" and all its market aspects with future opportunities, drivers, restraints and others in detail.

Inquiry Before Buying @ The use of internet-enabled lighting devices and integration of wireless technologies with such devices are main factors for the growth of the smart lighting market.

The applications of Internet of Things (IOT) have increased drastically over last few years and are expected to rise further in the coming years. This extends the scope for this industry. Products like incandescent lamps have been replaced by LED light bulbs and Zigbee-enabled bulbs. Samsung (Korea) has taken the initiative to launch LED light bulb integrated with Bluetooth technology. Such products not only make the market attractive in terms of ease and usability but also give the users a customized and personalized comfort.

About MarketsandMarkets MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.

MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals, including advanced materials, automotive and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.

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