Posted by Heidi Schwartz
The Smart Lighting Market Opportunities: Smart Bulbs and the Rise of Local Lighting Intelligence research report says in the past 18 months, the smart lighting business has taken important new directions, creating opportunities at every level of the lighting value chain.
This 2015 smart lighting market research reevaluates where the money will be made in smart lighting in the next years and examines the product market strategies of all the leading vendors active in this space. These have changed somewhat as some of the established lighting players have come to market with next-generation smart lighting products and new firms have entered the market, some even funding their efforts with Kickstarter campaigns.
This illustrates how the “tone” of the smart lighting business has changed recently. Originally, smart lighting systems were sold as the most recent incarnation of traditional lighting management systems, but now they have become a “cool” electronic product, much like the iPhone. One of the questions this report therefore asks and answers is whether this shift will create new smart lighting markets or whether it might actually put off some industrial and commercial lighting users.
Another research titled Global Smart Lighting Market 2014-2018 forecasts the smart lighting market to grow at 36.4% CAGR to 2018. One of the key factors contributing to this market growth is the energy-efficient lighting from industries worldwide. The Global Smart Lighting market has been witnessing rapid technological advancements. However, the high cost of replacement of lighting could pose a challenge to the growth of this market.
This research has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Smart Lighting market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Yet another research titled 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 says factors like continuing rapid rate of urbanization, increase in the mobility, energy cost are responsible for increasing demand of the smart lighting industry. Such factors have a direct impact on the economic, social, and environmental parameters. The smart lighting industry has been focusing on providing better system-wide control over lighting in such a way that the consumption of lighting energy is automatically reduced as much as possible. The introduction of new wireless technologies offers expansion to the capabilities of lighting control. The recent smart lighting trends like Internet enabled devices, integration of wireless technologies, and others are also briefly explained in the report.