
The Smart Lighting is one of the most important lighting solutions for providing solution for both indoor and outdoor purposes with latest advanced technology products such as LEDs, Luminaires, fluorescent bulbs and others.
The smart lighting is used to offer better energy efficiency as compared to traditional incandescent and halogen options.
The main purpose is to deliver durability in terms of breakage resistant and largely immune to vibrations.
The smart lighting offers a wide range of applications in street roadways, tunnel & bridges, architectural, commercial, office lighting, projection lighting.
Segmentation: Global Smart Lighting Market
Global smart lighting market is segmented into four notable segments which are offering, installation type, communication technology and application type.
- On the basis of offering, the market is segmented into hardware, software and services. The hardware is sub- segmented into lights & luminaires, relay units and lighting controls. The lights & luminaires is further sub- segmented into smart bulbs and fixtures. The smart bulbs again sub-segmented into fluorescent lamps (FL) and compact fluorescent lamps (CFL). The lighting controls is sub-segmented into switches & dimmers, LED drivers, sensors and gateways. The switches & dimmers are further sub-segmented into switches, 2manual switches and dimmers.
- The switches are further sub-segmented into electronic switches. The dimmers are further sub-segmented into wired dimmers and wireless dimmers. The software is sub-segmented into cloud based and local/web-based. The services are sub-segmented into installation services, design & engineering and post-installation services. In 2019, hardware segment is growing at the highest CAGR and expected to reach USD million in the forecast period of 2019 to 2026.
- Hardware segment is expected to dominate the global smart lighting market due to the increase in the application of LED lighting products such are bulbs, luminaires and lamps for indoor and outdoor spaces as well as rising awareness regarding energy consumption in LED lighting.
Competitive Analysis: Global Smart Lighting Market
Some of the major players operating in this market Philips Lighting Holding B.V. , Acuity Brands Lighting, Inc. , Hafele, Honeywell International Inc., Cree, Inc. , Digital Lumens, Inc., OSRAM GmbH., Lutron Electronics Co., Inc, Legrand SA, Seiko Epson Corporation, Encelium technologies, Virtual Extension, Zumtobel Group AG, Wipro Consumer Care & Lighting, Schneider Electric SE, Eaton, Leviton Manufacturing Co., Inc., Syska LED and Beam Labs B.V.and among others.
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