marketreportsupdates (66)

1
Smart Lighting market To Reach USD 22 Billion By
2025
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2
Market Summary
Market Size USD 7.93 Billion in 2018, Market
Growth - CAGR of 20 between 2018 and 2025,
Market Trends Modernization and Development of
Infrastructure to Transform Cities into Smart
Cities. The Smart Lighting market, the market is
expected to reach USD 22 Billion by 2025 from USD
7.93 Billion in 2018, at a CAGR of 20 between
2018 and 2025. Modernization and development of
infrastructure to transform cities into smart
cities, need for energy-efficient lighting
systems, increasing adoption and decreasing cost
of LEDs, increased demand for intelligent
solutions for street lighting systems, and
growing awareness about energy savings among
consumers and governments worldwide are the major
factors driving the growth of the market.
3
Our Approach
Market Summary

• Significant research by input suppliers required
  for the establishment of a strong supply chain
  will drive the growth of the Smart Lighting
  market. At present, the lack of an established
  supply chain and distributed patent portfolio are
  the major restraints for the growth of the
  market.
• Huge investment requirement in infrastructure,
  equipment, and process development and need for
  different manufacturing processes as well as
  equipment compatibility are the key challenges
  faced by Smart Lighting technology developers.
  Lack of universal open standards for aiding
  communication between all IoT devices is a major
  challenge for the commercialization of the
  technology in different products.
• Players will require increased investments to
  tackle these challenges and facilitate growth in
  the coming years. This report comprises drivers,
  restraints, opportunities, and challenges
  pertaining to the Smart Lighting market and
  extensive value chain analysis, patent analysis,
  analysis of the current manufacturing capability
  and technology status, commercialization
  potential in different devices, along with market
  size forecasts till 2025.
• Request for a sample of this research report _at_
  https//www.reportsanddata.com/sample-enquiry-form
  /1395

4
Our Approach
Market Summary

• Further key findings from the report suggest
• The Smart Lighting market, the market is expected
  to reach USD 22 Billion by 2025 from USD 7.93
  Billion in 2018, at a CAGR of 20 between 2018
  and 2025. Modernization and development of
  infrastructure to transform cities into smart
  cities, need for energy-efficient lighting
  systems, increasing adoption and decreasing cost
  of LEDs, increased demand for intelligent
  solutions for street lighting systems, and
  growing awareness about energy savings among
  consumers and governments worldwide are the major
  factors driving the growth of the market.
• Services play a major role before and after the
  installation of smart lighting systems. This
  segment comprises design and engineering
  services, installation service, and
  post-installation services (maintenance, and
  support and monitoring services). The growth of
  the smart lighting market for services is mainly
  attributed to the expected high rate of adoption
  of smart street lighting systems for energy
  conservation and ecological safety during the
  forecast period. Post-installation services
  consist of maintenance, support, and monitoring
  services for smart lighting systems. Among these,
  maintenance and support services require high
  expenditure. Post-installation services consist
  of maintenance and support for smart lighting
  systems to ensure long life of the luminaires and
  lamps, with minimum energy consumption and
  maximum efficiency.
• To identify the key trends in the industry, click
  on the link below https//www.reportsanddata.com/
  report-detail/smart-lighting-market

5
Our Approach
Market Summary

• Some of the major companies operating in the
  Smart Lighting market are Philips Lighting
  (Netherlands), Hafele Group (Germany), Acuity
  Brands (US), OSRAM (Germany), Cree (US), Hubbell
  (US), Zumtobel Group (Austria), Honeywell (US),
  Legrand (France), Eaton (Ireland), Lutron
  Electronics (US), and General Electric (US).
• For the purpose of this report, the market has
  been segmented on the basis of offering,
  communication technology, application,
  installation type and region
• Offering Outlook (Revenue, USD Million
  20182025)
• Hardware
• Lights Luminaires
• Lighting Controls
• Software
• Local/Web-Based Software
• Cloud-Based Software

6
Our Approach
Market Summary

• Application (Revenue, USD Million 20182025)
• Indoor Application
• Residential
• Commercial
• Industrial
• Outdoor Application
• Highways Roadways
• Architectural
• Public Places
• Installation Type Outlook (Revenue, USD Million
  20182025)
• New Installation
• Retrofit Installation
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7
About Us
Our Approach
About Us

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