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[May 16, 2014]
Markets and Markets : Smart Lighting Market by Lighting Type (LED, FL, CFL, HID) worth $56.05 Billion by 2020
(M2 PressWIRE Via Acquire Media NewsEdge) According to a new market research report "Smart Lighting Market by Component (Relays, Occupancy Sensors, Actuators, Transmitters, Receivers), Lighting Type (LED, FL, CFL, HID), Connectivity Technology (Wired, Wireless), Application (Commercial, Industrial, Public, Government, Residential) & Geography - Global Forecast & Analysis to 2014-2020",the smart lighting market is expected to grow at a CAGR of 15.8% from 2014 to 2020, and to reach $56.05 billion by 2020.
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The growth of the smart lighting market in the coming years is expected to be very important, with the revenue growth estimated to reach $56.05 billion by 2020, at an estimated CAGR of 15.8% from 2014 to 2020. The major players in thismarket include: Acuity Brands, Inc. (U.S.), Legrand S.A (France), Lutron Electronics Company, Inc. (U.S) and Zumtobel AG (Austria). Several other acquisitions, mergers, new product launch, agreements and so on, have taken place recently and are discussed in the report.
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Smart lighting relates to the lighting technology intended for energy efficiency with utilization of lighting control systems. In industrial, commercial as well as residential applications, lighting consumes around 40% of total energy cost. Hence the governments, industrialists, stakeholders are focusing on reducing the energy utilization by substituting traditional lighting with advanced energy-efficient lighting devices and technologies. Therefore, the demand for lighting control systems is increasing in a drastic way thereby, giving an exponential growth to the smart lighting industry. This report covers the" Global Smart Lighting Market" and all its market aspects with future opportunities, drivers, restraints and others in detail.
Early buyers will receive 10% customization on this report.
The report covers the market by lighting type, lighting control components, connectivity technologies, application and geography of the market. It provides detailed analysis of the current market scenario and its estimation till the year 2020. The report profiles companies which are active in the field of smart lighting technology. It highlights the winning imperatives and burning issues related to the this industry. It also analyzes the market with the help of Porter's five-force model. The report provides the competitive landscape of the players, which covers key growth strategies followed by all the major players.
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