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smart lighting market

These lighting systems are being increasingly installed in smart cities. Thus, the soaring number of smart cities will drive the smart lighting market at a CAGR of more than 20.0% during the forecast period (2017u20132023). According to P&S Intelligence, the market will generate a revenue of $27,064.0 million by 2023. Since smart cities use sensors and embedded devices at numerous places, such as streets and traffic signals, the installation of smart devices can help in reducing energy consumption to a great extent.

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smart lighting market

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  1. 2022 Smart Cities Installing Smart Lighting Systems To Conserve Energy

  2. Lighting systems embedded with sensors and wireless technologies capable of reducing energy consumption are referred to as smart lighting. The installation of these energy-efficient lighting solutions in residential and commercial settings helps in conserving energy and reduces operating costs. Smart lights are developed by the digitization of light-emitting diode (LED) lighting systems. Moreover, the adoption of connected technologies and smart automation in LED systems is revolutionizing the way lighting systems interact with their surroundings and consume energy. These lighting systems are being increasingly installed in smart cities. Thus, the soaring number of smart cities will drive the smart lighting market at a CAGR of more than 20.0% during the forecast period (2017–2023). According to P&S Intelligence, the market will generate a revenue of $27,064.0 million by 2023. Since smart cities use sensors and embedded devices at numerous places, such as streets and traffic signals, the installation of smart devices can help in reducing energy consumption to a great extent. Request for sample copy of this report:https://www.psmarketresearch.com/market-analysis/smart-lighting-market/report-sample In recent years, the advent of light fidelity (LI-Fi) has improved the quality of smart lighting systems. Li-Fi transfers data through illumination, wherein, the data is transmitted from an LED bulb at a speed which is faster than what the human eye can follow. With the emergence of new wireless technologies, such as Li-Fi, lights are not only being used for illumination but also for communication purposes. The high-speed and bidirectional transmission property of Li-Fi will provide unprecedented bandwidth and data features in the upcoming years.

  3. Nowadays, the rising technological advancements in lighting control systems have become a prominent trend in the smart lighting market. Lighting control systems help in curtailing operating costs and saving energy by ensuring that lights are automatically turned off when not in use. Smart lights can also reduce the illumination and adjust the brightness by automatically sensing the light in the surroundings. The cost and energy saved through the use of lighting controls depend on the rate of site utilization and specific applications. LEDs, fluorescent lamps, and high-intensity discharge (HID) lamps are the sources of illumination in smart lighting systems. These systems are being deployed in indoor as well as outdoor settings for illumination and energy conservation. These energy-efficient lighting systems comprise of luminaries, such as smart bulbs and fixtures, and lighting controls, such as sensors, gateways, switches and relays, and drivers and ballasts. Apart from illumination, these products are also used for communication purposes, such as Wi-Fi, Bluetooth, powerline communication, and power over ethernet. Browse full report athttps://www.psmarketresearch.com/market-analysis/smart-lighting-market Geographically, Europe accounted for the largest share in the smart lighting market in 2016. Whereas, Asia-Pacific (APAC) is expected to witness the fastest growth during the forecast period. This can be attributed to the constant advancements in smart lighting technologies, hefty investments being made in the lighting domain, and rapid digitization in industries in the region. Moreover, the increasing adoption of connected technologies in indoor and outdoor settings and surging integration of the internet of things (IoT) technology in the telecom infrastructure will also support the market growth in the region in the upcoming years. Therefore, the soaring number of smart cities and the emergence of Li-Fi will fuel the installation of smart lighting solutions in the forthcoming years.

  4. Market Segmentation • GLOBAL SMART LIGHTING MARKET • By Source – Light Emitting Diode, Fluorescent Lamp, High Intensity Discharge Lamp (HID), Others • By Product – Luminaries (Fixture, Smart Bulb), Lighting Control (Switch & Relay, Driver & Ballast, Gateway, Sensor) • By Communication – Wired (Digital Addressable Lighting Interface (DALI), Powerline Communication, Power Over Ethernet, Others), Wireless (Wi-Fi, Bluetooth, Zigbee, Others) • By Application – Indoor (Residential, Commercial, Others), Outdoor (Roadways, Public Arenas, Others) • By Service – Smart Phone application, Lighting as a Service (LaaS) • By Region – Europe, North America, Asia-Pacific, Rest of the World (RoW) • GLOBAL SMART LIGHTING MARKET, BY GEOGRAPHY • Europe Market • The U.K. • Germany • France • Rest of Europe • North America Market • The U.S. • Canada • Asia-Pacific Market • China • Japan • Rest of Asia-Pacific • RoW Market • UAE • Brazil • Others

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