Sep 11, 2018   SOURCE: PR NewsWire

Global Smart Lighting Market 2018-2022 - Market to Grow at a CAGR of 18.05%

DUBLIN, Sept 11, 2018 /PRNewswire/ --

The "Global Smart Lighting Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.

The global smart lighting market to grow at a CAGR of 18.05% during the period 2018-2022.

Global Smart Lighting Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market. This industry research report provides a detailed analysis of the market by application segmented into commercial, residential and public infrastructure.

According to the report, one of the major drivers for this market is the increasing adoption of LEDs in commercial, residential and public infrastructures. The high-power savings of LEDs than traditional lights is leading to an increased demand for smart lighting control systems with LEDs in the residential segment. Owing to longer lifespan of LEDs and government initiatives encouraging its use, LEDs are also being increasingly adopted in public infrastructure such as airports.

IoT is increasingly being integrated into wired and wireless smart lighting systems. IoT generates data and analyses building occupancy patterns for smart lighting fixtures which in turn helps in minimizing energy consumption. The presence of IoT architecture is encouraging vendors to develop smart device applications and cloud connected lighting systems.

Further, the report states that one of the major factors hindering the growth of this market is the technological challenges related to LEDs. Challenges due to technical specifications of LEDs such as moisture, installation issues and heat constraints are acting as barriers to the adoption of smart lighting solutions with LEDs in industrial and outdoor applications.

Market trends

    --  Advent of IoT
    --  Growing investments in smart cities
    --  Emergence of human-centric lighting systems
    --  Zero-energy buildings

Key vendors

    --  Acuity Brands Lighting
    --  Cree
    --  OSRAM
    --  Philips Lighting
    --  Zumtobel Group

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Market Landscape

Part 05: Market Sizing

Part 06: Five Forces Analysis

Part 07: Market Segmentation By Application

Part 08: Customer Landscape

Part 09: Regional Landscape

Part 10: Decision Framework

Part 11: Drivers And Challenges

Part 12: Market Trends

Part 13: Vendor Landscape

Part 14: Vendor Analysis

Part 15: Appendix

For more information about this report visit

https://www.researchandmarkets.com/research/gtx6nk/global_smart?w=5

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