Apr 19, 2019   SOURCE: BusinessWire

Worldwide Outlook on the Smart Lighting Market (2019-2024): Anticipating a CAGR of ~20% - ResearchAndMarkets.com

The "Smart Lighting Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.

The global smart lighting market was worth USD$ 7.9 Billion in 2018. Looking forward, the global smart lighting market is projected to witness a CAGR of around 20% during 2019-2024, reaching a value of 23.6 Billion by 2024.

The growth of the global smart-lighting market is primarily driven by the high demand of energy efficient lighting systems that provide better illumination while consuming less power. Additionally, factors such as modernization and development of infrastructure has facilitated the transformation of cities into smart-cities that has supported the growth of the smart lighting market. Individuals living in urban sectors prefer to invest in modular and intelligent lighting solutions instead of buying high-energy consuming lights.

Moreover, the growing demand for lighting systems equipped with wireless and sensor technology has further favoured the growth of the market. Global plans for pooling lighting network with low power consuming sensors and lowering costs of previously expensive LEDs has also led to the market growth. Moreover, as a result of declining prices, smart-lights have also become affordable to the general population.

This latest report provides a deep insight into the global smart lighting market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the global smart lighting market in any manner.

Key Questions Answered

  • How has the global smart lighting market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global smart lighting industry?
  • What is the breakup of the global smart lighting market on the basis of offering?
  • What is the breakup of the global smart lighting market on the basis of communication technology?
  • What is the breakup of the global smart lighting market on the basis of installation type?
  • What is the breakup of the global smart lighting market on the basis of light source?
  • What is the breakup of the global smart lighting market on the basis of application?
  • What are the various stages in the value chain of the global smart lighting market?
  • What are the key driving factors and challenges in the global smart lighting market?
  • What is the structure of the global smart lighting market and who are the key players?
  • What is the degree of competition in the global smart lighting market?

Topics Covered

1 Preface

2 Scope and Methodology

2.1 Objectives of the Study

2.2 Stakeholders

2.3 Data Sources

2.4 Market Estimation

2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Properties

4.3 Key Industry Trends

5 Global Smart Lightning Market

5.1 Market Overview

5.2 Market Performance

5.3 Market Breakup by Offering

5.4 Market Breakup by Communication Technology

5.5 Market Breakup by Installation Type

5.6 Market Breakup by Light Source

5.7 Market Breakup by Application

5.8 Market Breakup by Region

5.9 Market Forecast

6 Market Breakup by Offering

6.1 Hardware

6.2 Software

6.3 Services

7 Market Breakup by Communication Technology

7.1 Wired Technology

7.2 Wireless Technology

8 Market Breakup by Installation Type

8.1 New Installation

8.2 Retrofit Installation

9 Market Breakup by Light Source

9.1 LED Lamps

9.2 Fluorescent Lamps

9.3 Compact Fluorescent Lamps

9.4 High Intensity Discharge Lamps

9.5 Others

10 Market Breakup by Application

10.1 Commercial

10.2 Residential

10.3 Public Infrastructure

10.4 Others

11 Market Breakup by Region

11.1 Europe

11.2 North America

11.3 Asia Pacific

11.4 Middle East and Africa

11.5 Latin America

12 SWOT Analysis

12.1 Overview

12.2 Strengths

12.3 Weaknesses

12.4 Opportunities

12.5 Threats

13 Value Chain Analysis

13.1 Overview

13.2 Research and Product Development

13.3 Raw Material/Component Providers

13.4 Original Equipment Manufacturers (OEMS)

13.5 Key Technology Providers/System Integrators

13.6 Threat of New Entrants

13.7 End Users

14 Porters Five Forces Analysis

14.1 Overview

14.2 Bargaining Power of Buyers

14.3 Bargaining Power of Suppliers

14.4 Degree of Competition

14.5 Threat of New Entrants

14.6 Threat of Substitutes

15 Global Smart lightning Industry: Price Analysis

16 Competitive Landscape

16.1 Market Structure

16.2 Key Players

16.3 Profiles of Key Players

16.3.1 Philips Lighting

16.3.2 Acuity Brands

16.3.3 Osram

16.3.4 Cree

16.3.5 General Electric Company

16.3.6 Eaton

16.3.7 Honeywell

16.3.8 Legrand

16.3.9 Hubbell Lighting

16.3.10 Zumtobel Group

16.3.11 Hafele Group

16.3.12 Lutron Electronics

16.3.13 Wipro Consumer Care & Lighting

16.3.14 Streetlight.Vision

16.3.15 Virtual Extension

16.3.16 Syska LED

For more information about this report visit https://www.researchandmarkets.com/r/cgzcmk