The major applications include Indoor, and
Outdoor. These are expected to open new revenue pockets for smart lighting market which will lead to market opportunity of USD
30.6 billion.
Which
are the major companies in the smart lighting market? What are their major strategies
to strengthen their market presence?
The major companies in smart lighting
includes Signify (Philips Lighting) (Netherlands), Legrand S.A. (France),
Acuity Brands, Inc. (US), Eaton Corporation (Ireland), General Electric Company
(US), and OSRAM Licht (Germany). Signify (Netherlands), is the dominant player
in the global smart lighting market. The major strategies adopted by these
players are acquisitions, partnerships, and product launches &
devleopments.
Which
is the potential market for smart lighting in terms of region?
Asia Pacific (APAC) is expected to be the
fastest-growing market for smart lighting systems during the forecast period.
Increasing construction activities in Asia Pacific are contributing
significantly to the growth of the smart lighting market in the region. There
are several new opportunities for energy-efficient lighting and advanced
lighting systems in the next few years as ~200 million homes 18 million homes
are expected to be constructed in China and India, respectively.
Which
are the major opportunities in the smart lighting market?
Growing inclination towards energy efficient
lighting solution is the major opportunity in market. Utility operators, and
building and industrial energy managers are inclined toward using energy-efficient
lighting solutions due to various reasons, such as the increasing price of
energy, growing focus on reduction of carbon footprint, and rising demand from
customers for energy-efficient lighting products.
Which
type of communication technology will be widely used in the smart lighting
market?
Wired communication technology is widely used
in smart lighting market. Wired communication technologies of the smart
lighting market include Digital Addressable Lighting Interface (DALI),
Power-line Communication (PLC), Power over Ethernet (PoE), and various wired
hybrid protocols that include various company-specific proprietary protocols.
Wired communication protocols are preferred where performance and reliability
are crucial.
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