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Global smart lighting market: North America to exhibit the fastest growth by 2020

Global smart lighting market: North America to exhibit the fastest growth by 2020

August 25, 2015: The smart market lighting covers different geographical regions such North America, Europe, Asia-Pacific and Rest of the World. Presently, Europe region is the largest market for smart lighting particularly in industrial and commercial, government and public buildings applications.

The smart lighting market is growing at a decent rate and the major factors that drive the growth of this market are increasing growth of Light Emitting Diode (LED), increasing growth of street lighting systems, use of lighting in commercial modernization and development of smart lighting for smart cities. However, unsuited wireless communication solutions, difficulty of maintenance and lack of awareness for smart lighting are some of the factors hindering the growth of the market. In coming years, expansion of smart lighting in smart cities acts as opportunity for this market.

The smart market lighting covers different geographical regions such North America, Europe, Asia-Pacific and Rest of the World. Presently, Europe region is the largest market for smart lighting particularly in industrial and commercial, government and public buildings applications. Europe is followed by Asia-Pacific. Numerous new players are emerging in this region that has built up breakthrough products related to smart lighting. The market is estimated to grow at a modest rate in developed regions that include America as well. Government, building owners, utilities and other share holders are accepting the implementation of lighting control systems on broader scale owning to concern associated to energy consumption. Industrial and commercial application shows largest growth potential and would grow at highest CAGR during forecasted period as compared with other applications.

Lighting is enormous sources of energy used across the globe. In order to reduce consumption of energy, it is necessary to decrease the utilization of this source by turning lights off or under set conditions or down at set times. Smart lighting shows massive potential market as it facilitates delivering the exact amount of light at right place and at right time. The demand for lighting control systems is increasing at a huge rate and advanced technologies and designs for lighting systems would further boost up the development of industry in coming years. It deals with technology where lights automatically perform several operations at set times or conditions. It also uses of intelligent lighting control systems to control light, based on several parameters such as movement, occupancy, amount of natural/daylight, color temperature and so on.

The smart lighting market is segmented on the basis of lighting type, connectivity technologies, lighting control components, application and geography. The different lighting types include LED lamps, compact fluorescent lamp, fluorescent lamps and high intensity discharge lamp. Several lighting control components are relays, controllable breakers, passive infrared, occupancy sensors, dimming actuators, ultrasonic, switch actuators, transmitters, receivers and others. The connectivity technologies for smart lighting are wired, digital addressable lighting interface, bacnet, and other technologies. Smart lighting are being used in applications such as office lighting, educational institution lighting, commercial and industrial, residential, outdoor lighting and automobiles.

 

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