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Smart Indoor Lighting Market Overview, Key Players Analysis, Emerging Opportunities, Comprehensive Research Study, Competitive Landscape and Potential of Industry from 2019-2023

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Smart Indoor Lighting Market Overview, Key Players Analysis, Emerging Opportunities, Comprehensive Research Study, Competitive Landscape and Potential of Industry from 2019-2023

September 29
05:18 2019
Smart Indoor Lighting Market Overview, Key Players Analysis, Emerging Opportunities, Comprehensive Research Study, Competitive Landscape and Potential of Industry from 2019-2023

Smart Indoor Lighting Market
The report on the global Smart Indoor Lighting Market covers historical market trends, current market dynamics, market valuation by segmentation as well as region, country-level analysis for every segment, key player’s market share analysis, competitive landscape and supply chain analysis.

Smart Indoor Lighting Global Market – Overview

Smart lighting consists of the lighting technology design to provide energy efficient lighting. Smart indoor lighting deals with the in-house smart lighting. The lighting accounts for the around 20% to 50% of the global energy consumption and accounts for 40% of energy expenditure in commercial and industrial building. Hence the smart indoor lighting consumes less energy, hence offers cost saving measures. Indoor smart lighting comes in two varieties, one is fully automated and other one can be controlled by using Bluetooth and Wi-Fi. The smart indoor lighting provides benefits such as best interior design to the homes, adds security and safety measures, convenience lighting and cost-efficient advantage. The smart indoor lighting can be used in residential, commercial and industrial applications. In residential the smart indoor lighting is used in smart homes while the industrial and commercial smart indoor lighting are used in office and in various industries. The emergence of the Internet of Things (IoT) and need for the energy efficient lighting system are the main factor diving the growth and implementation of smart indoor lighting. The transformation of cities into smart cities and increasing awareness about energy saving among government and consumers are also driving the market of smart indoor lighting. However, the higher installation cost of the smart indoor lighting for replacing the traditional lighting system is act as a restraining factor for growth of the smart indoor lighting market.

New innovations in the lighting solutions such as connected lighting and data-driven lighting controls are providing the lighting businesses, an opportunity to capture the smart lighting market across the globe. The connected and data-driven lighting can able to monitor for the power outages and measures the energy usage using sensors in the lighting systems that helps in the maintenance and to make the building energy efficient. The development in the smart homes gives the opportunity to smart indoor lighting providers to gain the effective market share, resulting the growth in the smart indoor lighting market.

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Segmentation

Segmentation by Light Source: Fluorescent Lamps, Light Emitting Diode (LED), High Intensity Discharge Lamps.

Segmentation by Product Type: Luminaries and Lighting Control. The Luminaries are further sub-segmented into Smart Bulbs and Fixtures. The Lighting controls are further sub-segmented into LED Drivers and Ballasts, Sensors, Switches & Dimmers, Relay Units and Gateways.

Segmentation by Communication Technology: Wired Communication Technologies and Wireless Communication Technologies. The Wired Communication Technologies are further sub-segmented into Digital Addressable Lighting Interface, Powerline Communication, Power Over Ethernet, Wired Hybrid Protocols and Others. The Wireless Communication Technologies are sub-segmented into Bluetooth, Enocean, Wi-Fi, Wireless Hybrid Protocols and Others.

Segmentation by Application: Residential, Commercial, Industrial, and others.

Segmentation by Region: North-America, Europe, Asia-Pacific, Rest of the World.

Key Players

The prominent players in the Smart Indoor Lighting Market are – Philips Lighting (The Netherlands), Acuity Brands Lighting, Inc. (U.S.), General Electric Company (U.S.), OSRAM Licht AG (Germany), Honeywell International (U.S.), Cooper Industries, Inc. (Ireland), Digital Lumens, Inc. (U.S.), Legrand S.A. (France), Lutron Electronics Company, Inc. (U.S.), Schneider Electric SE (France), among others

Regional Analysis

The regional analysis of smart indoor lighting market is studied for North America, Europe, Asia Pacific and Rest of the World.

Europe accounts for the highest market share for the smart indoor lighting market. The major factor driving the growth in this region is due to the technological advancements and increasing investments in modernization of the infrastructure. North America followed by Europe is expected to contribute the second highest revenue in the global smart indoor lighting market. This growth is due to the development of smart buildings, rapid urbanization and the well-established smart lighting providers in this region

Asia-Pacific is expected to be the fastest growing region during the forecast period. India, China and Japan are responsible for this fastest growth. The growth factors contributing to the fastest growth are the multiple government initiatives and expenditures on public infrastructure and smart cities. The emerging economies such as India and China are showing the increasing construction activities which is expected to increase the adoption of smart indoor lightings.

Industry News

Jan 18, General Electric expands its smart lighting product lineup ahead of CES.  

General Electric has announced new smart home products including C by GE smart light bulbs, smart wall switch, and improvements in the Sol lamps. The smart wall switches come with the dimmers using which user can dim any regular bulb in the house. The Sol lamps will get SiriusXM and Spotify integration for radio and music lovers. C by GE bulbs are getting the Apple Home Kit compatibility which will provide the voice enabled light dimming using Apple’s Siri voice assistant.

Jan 18, Philips lighting partners with Razer to bring the Chroma lighting in the entire house.

Razer is partnered with Philips Hue’s smart lighting that will let the users to sync Hue light product with Razer Chroma devices. The Chroma lighting devices need Philips Hue V2 bridge, Philips Hue app, Philips Hue color capable lights and a PC with Razer’s Synapse 3 Software installed. This whole system will sync Razer green lighting in entire house.

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TABLE OF CONTENTS

1 MARKET INTRODUCTION

1.1 INTRODUCTION

1.2 SCOPE OF STUDY

1.2.1 RESEARCH OBJECTIVE

1.2.2 ASSUMPTIONS

1.2.3 LIMITATIONS

1.3 MARKET STRUCTURE

2 RESEARCH METHODOLOGY

2.1 RESEARCH TYPE

2.2 PRIMARY RESEARCH

2.3 SECONDARY RESEARCH

2.4 FORECAST MODEL

2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST

2.4.2 MARKET SIZE ESTIMATION

3 MARKET DYNAMICS

Continued…….

LIST OF TABLES

TABLE 1 SMART INDOOR LIGHTING MARKET, BY LIGHT SOURCE

TABLE 2 SMART INDOOR LIGHTING MARKET, BY PRODUCT TYPE

TABLE 3 SMART INDOOR LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY

TABLE 4 SMART INDOOR LIGHTING MARKET, BY APPLICATION

TABLE 5 SMART INDOOR LIGHTING MARKET, BY REGIONS

Continued…….

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LIST OF FIGURES

FIGURE 1 RESEARCH LIGHT SOURCE

FIGURE 2 SMART INDOOR LIGHTING MARKET, BY LIGHT SOURCE (%)

FIGURE 3 SMART INDOOR LIGHTING MARKET, BY PRODUCT TYPE (%)

FIGURE 4 SMART INDOOR LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY (%)

FIGURE 5 SMART INDOOR LIGHTING MARKET, BY APPLICATION (%)

Continued……

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