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Research and Markets: Smart Lighting Market by Connectivity Technologies, End Users, Lighting Types, Components and Geography - Global Forecast to 2020

[December 15, 2015]

Research and Markets: Smart Lighting Market by Connectivity Technologies, End Users, Lighting Types, Components and Geography - Global Forecast to 2020

Research and Markets (http://www.researchandmarkets.com/research/gm8lts/smart_lighting) has announced the addition of the "Smart Lighting Market - Global Forecast to 2020" report to their offering.

The report highlights a number of factors that are driving growth in the smart lighting market at a phenomenal rate. These include:

Energy efficiency
Development in electronics and sensor technology
Phase out of incandescent lamps
Favorable government policies
Evolution of novel wireless technology.

However, environmental concerns are having a huge impact on the market for conventional lighting technologies such as incandescent lamps, halogens and fluorescent lighting. Therefore, there is a need for low-power-consuming lighting systems, which are environment friendly, and can provide illumination for a significantly long time. Smart lighting technology can satisfy these needs and provide greater illumination for a wide range of lighting applications.

The report states that commercial end users are the most prominent application of smart lighting. In commercial buildings, lighting adds up to 40% of total energy cost. Deployment of intelligent lighting control is being supported by:

Building owners
Governments
Utilities
Other stakeholders.

The report also identifies the opportunity of integrating smart lighting market with other important systems such as traffic signals, energy meters, pollution sensors, parking-lot lights, and traffic sensors to form a smart city is a considerable potential area.

At present, Europe has the largest market for smart lighting especially in the commercial end user applications.

Companies Profiled: