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Global Lighting Market Research Report 2017-2021 - Research and MarketsDUBLIN, May 12, 2017 /PRNewswire/ -- Research and Markets has announced the addition of the "Global Lighting Market 2017-2021" report to their offering.  The analysts forecast the global lighting market to grow at a CAGR of 9.22% during the period 2017-2021. The report covers the present scenario and the growth prospects of the global lighting market for 2017-2021. To calculate the market size, the report considers the revenue from the sale of new products units only. The report also includes a discussion of the key vendors operating in this market. According to the report, one of the major drivers for this market is LED continues to be the future of lighting. LED is the most sought after technology in lighting currently. It offers the benefits of energy savings, cost-efficiency, and low maintenance. Governments around the world are encouraging the use of LEDs in public and private spaces. The continued price erosion of LEDs is a bonus. In India, under the Domestic Efficient Lighting Programmed (DELP), the cost of procurement of LED bulbs has come down drastically over the past two years. The latest trend gaining momentum in the market is connected lighting for homes and offices, giving way to new opportunities. Connected lighting or smart lighting can be described as any lighting equipment that has an element of intelligence or connectivity in it. In other words, the ability to control lights using devices such as computers or smartphones is called connected lighting. In a connected lighting system, a lighting fixture or bulb has its own unique hardware address, having a separate bridge that connects the bulb to the Internet. The Internet of Things is going to be a major moderator for connected technology to become maintream in the future. Further, the report states that one of the major factors hindering the growth of this market is dynamic reshuffling of business activities to achieve operational efficiency. New LED technologies require higher product development costs that cannot be easily passed on to the customers. New technologies force fixture manufacturers to adopt the latest production processes, which costs them heavily. Also, firms prefer giving priority to the business units that are showing faster growth than lighting Market Dynamics Market drivers
Market challenges
Market trends
Key vendors
Other prominent vendors
Key Topics Covered: PART 01: Executive summary PART 02: Scope of the report PART 03: Research Methodology PART 04: Introduction PART 05: Market landscape PART 06: Market segmentation by application PART 07: Market segmentation by technology PART 08: Geographical segmentation PART 09: Market drivers PART 10: Impact of drivers PART 11: Market challenges PART 12: Impact of drivers and challenges PART 13: Market trends PART 14: Vendor landscape PART 15: Key vendor analysis PART 16: Appendix For more information about this report visit http://www.researchandmarkets.com/research/d6sxnb/global_lighting Media Contact: Laura Wood, Senior Manager
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