Smart Lighting Market is anticipated to grow at a CAGR of 17.1% during the forecast period 2016 – 2025
According to a new market research study titled ‘Smart Lighting Market to 2025 – Global Analysis and Forecast by Lighting Type, Application and Connectivity Technology’, the global smart lighting systems market was valued at US$ 10.55 Bn in 2015 and is estimated to reach US$ 51.05 Bn by 2025. The report highlights the trends prevalent in the global market and the factors driving the market along with those that act as deterrents to its growth.
IoT, also known as connected technology is expected to experience a high adoption trend in the coming years, where home or building automation would be having the major share in IoT market. The connected building would be creating a wealth of opportunity for smart lighting industry with
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The market is further segmented on the
IoT is all about controlling things with mobile devices and sensors. Thus, a wireless light governing system is the controlling of lights in any space by using wirelessly controlled switches, keypads and dimmers instead of current switches. The easily concealable processor facilitates communication between the smart lighting devices. The planning and cost required for a wireless lighting system
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In 2015, USA was leading the smart lighting market in North
The report segments the global smart lighting market as follows:
Global Smart Lighting Market – By Lighting Type
- LED lamp
- Fluorescent lamp
- Compact fluorescent lamp
High Intensity discharge lamps- Other
Global Smart Lighting Market – By Application
- Industrial lighting
- Residential lighting
- Commercial lighting
- Government
- Outdoor lighting
- Automotive lighting
Global Smart Lighting Market – By Connectivity Technology
- Wired Technology
- Wireless Technology
Global Smart Lighting Market – By Geography
- North America
- Europe
- Asia Pacific (APAC)
- Middle East & Africa (MEA)
- South America (SAM)
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