+1-888-308-5802     
News Contact Us

Smart Lighting Market Outlook | Development Factors, Latest Opportunities and Forecast 2025

Author : Ronak Bora | Published Date : 2020-09-17 

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.

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 smart lighting market size can also be credited to the rising prominence of smart cities in the region.

Get sample copy of this research report @ https://www.decresearch.com/request-sample/detail/413

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.

Smart Lighting Market will surpass USD 23 billion by 2025. The growth of the market is driven by the increasing adoption of LED lighting across the globe. The high performance and the energy-efficient nature of LED lighting are driving their adoption across the indoor & outdoor lighting applications. The decline in the average selling price of LED lamps also serves as the major driver for market growth. The stringent government regulations to restrict the use of inefficient lighting technologies are also accelerating the adoption of smart lighting solutions.

The increasing smart city development programs are also augmenting the demand for smart lighting solutions. As the worldwide population is increasing and the energy consumption is rising, governments & regulatory authorities across the globe are shifting toward advanced technology solutions to optimize energy consumption. As a result, governments are investing heftily in smart & connected technology solutions to automate operations and reduce energy consumption. This is encouraging the adoption of smart lighting solutions across the globe.

Rise in smart city projects and innovations in home automation are driving smart lighting market forecast significantly. The growing urban population has triggered initiatives by the government to provide access to efficient LED lights, along with deploying AI and IoT in building automation systems for commercial, residential and industrial spaces. The Ministry of Housing and Urban Affairs in India had set up a smart cities mission with a view of developing over 100 cities in the country over a span of five years.

Request for customization @ https://www.decresearch.com/roc/413

Regional authorities are increasingly partnering with technology companies to implement their vision of a smart and connected city. Intel and the City of San Jose, California have collaborated on a public-private project to deploy the company’s smart city demonstration platform to boost the Green Vision initiative of the city. Smart city infrastructure facilitates efficiency, cost reduction and provides an improved livelihood for city occupants. Rise in smart city initiatives worldwide has led to increased impetus for smart lighting market size.

Table of Contents (ToC) of the report:

Chapter 5. Global Smart Lighting Market, By Component

5.1. Key trends, by component

5.2. Hardware

5.2.1. Market estimates and forecast, 2014-2025

5.2.2. Smart bulb

5.2.2.1. Market estimates and forecast, 2014-2025

5.2.3. Luminaire

5.2.3.1. Market estimates and forecast, 2014-2025

5.2.4. Light Controls

5.2.4.1. Market estimates and forecast, 2014-2025

5.3. Software

5.3.1. Market estimates and forecast, 2014-2025

5.3.2. On-premise

5.3.2.1. Market estimates and forecast, 2014-2025

5.3.3. Cloud

5.3.3.1. Market estimates and forecast, 2014-2025

5.4. Service

5.4.1. Market estimates and forecast, 2014-2025

5.4.2. Pre-sales services

5.4.2.1. Market estimates and forecast, 2014-2025

5.4.3. Post-sales services

5.4.3.1. Market estimates and forecast, 2014-2025

Chapter 6. Global Smart Lighting Market, 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

6.3.3.1. Market estimates and forecast, 2014-2025

6.3.4. Wi-Fi

6.3.4.1. Market estimates and forecast, 2014-2025

6.3.5. EnOcean

6.3.5.1. Market estimates and forecast, 2014-2025

6.3.6. LPWAN

6.3.6.1. Market estimates and forecast, 2014-2025

6.3.7. Hybrid

6.3.7.1. Market estimates and forecast, 2014-2025

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. Market estimates and forecast, 2014-2025

7.2.4. Industrial

7.2.4.1. Market estimates and forecast, 2014-2025

7.3. Outdoor lighting

7.3.1. Market estimates and forecast, 2014-2025

7.3.2. Highways and Roadways

7.3.2.1. Market estimates and forecast, 2014-2025

7.3.3. Public places

7.3.3.1. Market estimates and forecast, 2014-2025

7.3.4. Bridges and tunnels

7.3.4.1. Market estimates and forecast, 2014-2025

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/smart-lighting-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia 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. [email protected] | https://twitter.com/RonakBora26

Related News

Asia Pacific In-vitro Diagnostics Market to gain substantial revenues by 2024

Published Date: 2020-10-02         Author: Ronak Bora

The research report on Asia Pacific In-Vitro Diagnostics Market provides an in-depth analysis of this industry with pivotal details subject to its overall position in the global landscape and its applications across various end-user sectors. Request a sample of this research report @ https://w... Read More

Asia Pacific Biomedical Refrigerators and Freezers Market to gain traction by 2024

Published Date: 2020-10-02         Author: Ronak Bora

The research report on Asia Pacific Biomedical Refrigerators And Freezers Market provides an in-depth analysis of this industry with pivotal details subject to its overall position in the global landscape and its applications across various end-user sectors. Request a sample of this research repo... Read More

Asia Pacific Attapulgite Market to accrue significant proceeds by 2024

Published Date: 2020-10-02         Author: Ronak Bora

The research report on Asia Pacific Attapulgite Market provides an in-depth analysis of this industry with pivotal details subject to its overall position in the global landscape and its applications across various end-user sectors. Request a sample of this research report @ https://www.graphi... Read More

© 2020 Fractovia. All Rights Reserved