+1-888-308-5802     
News Contact Us

Europe Smart Lighting Market will gain huge adoption of residential and commercial sector

Author : Ronak Bora | Published Date : 2019-04-01 

Europe is projected to dominate the smart lighting market by 2024 due to the rapid deployment of smart lighting systems in residential, commercial, and government sectors, large-scale smart city projects undertaken in the region supported by favorable government initiatives. Due to the consistent emphasis by the European Union (EU) on accelerated development of smart cities through its funding instrument, The European Innovation Partnership on Smart Cities and Communities (EIP-SCC), industry leaders are focusing on providing more integrated and sustainable lighting solutions to the customers.

Request for a sample of this research report @ www.gminsights.com/request-sample/detail/413

The Asia Pacific smart lighting market is projected to exhibit fastest growth between 2018 and 2024 due to increasing awareness regarding the benefits of energy efficient lighting systems among the countries in the region to achieve energy security and sustainability objectives. Also, favorable government initiatives to encourage the adoption of energy-efficient LED lights is also expected to accelerate the growth of Asia Pacific connected lighting market.

As the lighting industry progresses from incandescent bulbs to CFLs and LEDs, smart lighting market has made its way as the next trending vertical. The vast expanse of this sphere can be aptly demonstrated by an incidence that occurred in Toronto a couple of years ago. A newly constructed building that nearly became a feather in the crown for the Toronto financial district, the EY Tower, made it to the headlines for offering IP addressable LED lights that tenants can control with internet-based building automation. The instance of EY Tower is of particular interest to the smart lighting industry as it demonstrates the steady presence of one of the most important forces, the real estate sector, into the smart cosmos.

The energy efficiency that smart lighting systems can afford is a major factor driving smart lighting market size. In 2016, in the UN Climate Change Conference, Philips Lighting demonstrated how smart energy solutions work and can make a real difference to climate change. The event showcased the profoundly transforming capabilities of the smart lighting market, including demonstrations that depicted the energy and greenhouse gas saving potential of this one single technology. Indeed, the technology is equipped with the potential to reduce energy demand from lighting by half.

Make an inquiry for buying this report @ www.gminsights.com/inquiry-before-buying/413

The growing popularity of smart cities one of the major contributing factors for smart lighting market growth. Developing a city-wide intelligent lighting network is becoming one of the key areas of interest while designing and developing smart city infrastructure around the world. With the increasing government emphasis on developing more smart cities to enable better city planning and development, faster delivery of e-government services, energy sustainability and improved local economic development, the deployment of connected lighting systems in smart city projects is likely to increase substantially during the forecast timeline.

Smart lighting products are used in different applications to enable highly connected and energy-efficient lighting solutions. These applications include commercial, residential, industrial, and outdoor lighting applications such dynamic traffic management systems employed in public places, highways & roadways, tunnels, and bridges. Developing economies can largely benefit by deploying smart lighting systems for the outdoor lighting applications to ensure energy security and sustainability.

Some of the key payers operating in the smart lighting market are, Bridgelux, Cree, Digital Lumens, Echelon, Schneider Electric, Acuity Brands, Honeywell, GE Lighting, Secil, Cooper Industries (Eaton), OSRAM, Lutron, Hubbell, Philips Lighting, Silver Spring Networks, Legrand, Tvilight, and Zumtobel.

Browse Full Report: www.gminsights.com/industry-analysis/smart-lighting-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: [email protected]
Blog: www.industry-source.org

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org 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 sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

Related News

Fragrance Ingredients Market to cross 1.5 million tons consumption by 2024

Published Date: 2019-12-02         Author: Ronak Bora

Fragrance Ingredients Market growth will be driven by rising demand for beauty products along with increasing number of working women populations. These ingredients are added to products in order to give pleasant aroma. Growing purchaser expenditure on beautification along with increasing aging popu... Read More

Ammonium Nitrate Market is projected to showcase significant growth from agriculture sector over 2019-2025

Published Date: 2019-12-02         Author: Ronak Bora

Ammonium Nitrate Market growth is propelled by increasing usage of fertilizers in agriculture to keep the soil healthy and nutrients rich in order to feed the growing population. Advanced agricultural technologies such as efficient fertilization methods are certainly required to meet the global dema... Read More

Lubricants Market Outlook – The fluids sector has been stimulating the global industry

Published Date: 2019-12-02         Author: Ronak Bora

Lubricants Market size in the fluids sector is likely to rise with a CAGR of 8.6% over the coming years. These process oils have a wide utility in technical and chemical sectors for lubrication. Booming demand of chemicals especially in Asia Pacific region is likely to increase the productivity of f... Read More

© 2019 Fractovia. All Rights Reserved