Smart Lighting Market Trends 2020: Regional Outlook, Competitive Strategies and Forecasts to 2025
Category: #technology  By Ronak Bora  Date: 2020-01-16
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Smart Lighting Market Trends 2020: Regional Outlook, Competitive Strategies and Forecasts to 2025

Regarded as one of the largest North America based smart lighting market players, Acuity Brands, Inc., has joined hands with Silver Spring Networks to develop a networked street lighting control solution. Apparently, this solution would aid utilities, smart cities, and large campus operators to renovate their aging lighting infrastructure and increase operational efficiency. As part of the agreement, Silver Spring’s standards-based Gen5 IPv6 networking platform would be integrated with Streetlight Vision smart city management software. This integration would further upgrade LED lighting system which would reduce energy expenses substantially, cite industry experts.

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Driven by the immense number of alliances between industry contenders, North America holds more than 28% of smart lighting market share. Collaborations aside, the expansion of North America market size can also be credited to the rising prominence of smart cities in the region.

As the modernized smart city infrastructure provides enhanced connectivity across numerous modules of the administrative setup including law & order, healthcare, and transport, there has been a spurt in the initiatives to develop such intelligent cities. This would, in consequence, open up myriad business expansion opportunities for the smart lighting market players over the forthcoming years.

Having been chronicled as one of the most opportunistic business verticals of sustainable technologies industry, the revenue graph of smart lighting industry is estimated to be exponential over the ensuing years. The commercialization scale of this business sphere is quite evident that smart lighting industry share to surpass a total valuation of USD 23 billion by the end of 2025.

With the growing popularity of home automation systems in residential and commercial sectors, major industry giants have been unveiling innovative products to remain aligned with the customized requirements of the current consumer base.

Speaking of which, Legrand, one of the foremost specialists in smart lighting market, launched a new collection of lighting controls at the Consumer Electronics Show, 2018. The latest range, named as Radiant Collection, comprises a wide variety of lighting and scene controllers, wall plates, dimmers, plug-in modules, and light switches. It is quite prudent to mention that these devices integrate seamlessly with smart home platforms such as Samsung’s SmartThings cloud, Amazon Alexa, and Google Assistant, given that they work on Open Connectivity Foundation 1.3.1 security standard.

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Apparently, the aforementioned instance of Legrand stands testimony to the fact that the global smart lighting market participants are readily deploying their resources to develop advanced and high-grade products to stay afloat in this ever-evolving business space.

Some Points From Table Of Content: -

Chapter 6. Global Smart Lighting Industry, By Technology

6.1. Key trends, by technology

6.2. Wired technology

6.2.1. Market estimates and forecast, 2014-2025

6.2.2. Power line communication

6.2.2.1. Market estimates and forecast, 2014-2025

6.2.3. Power over ethernet

6.2.3.1. Market estimates and forecast, 2014-2025

6.2.4. DLAI

6.2.4.1. Market estimates and forecast, 2014-2025

6.2.5. Hybrid

6.2.5.1. Market estimates and forecast, 2014-2025

6.3. Wireless technology

6.3.1. Market estimates and forecast, 2014-2025

6.3.2. Bluetooth

6.3.2.1. Market estimates and forecast, 2014-2025

6.3.3. Zigbee

6.3.4. Wi-Fi

6.3.5. EnOcean

6.3.6. LPWAN

6.3.7. Hybrid

Chapter 7. Global Smart Lighting Market, By Application

7.1. Key trends, by application

7.2. Indoor lighting

7.2.1. Market estimates and forecast, 2014-2025

7.2.2. Residential

7.2.2.1. Market estimates and forecast, 2014-2025

7.2.3. Commercial

7.2.3.1. estimates and forecast, 2014-2025

7.2.4. Industrial

7.3. Outdoor lighting

7.3.2. Highways and Roadways

7.3.3. Public places

7.3.4. Bridges and tunnels

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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