smart lighting market research : a global analysis

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  • GLOBAL SMART LIGHT FIXTURE (LED, HID), CONTROL (Sensor, Ballast, Relays & Switches) & SERVICES MARKET: 2015-2020

  • Global Smart Light Fixture (LED, HID), Control (Sensor, Ballast,

    Relays and Switches) & Services Market: 2015-2020

    BIS Research is a leading market intelligence and technology research company. BIS Research

    publishes in-depth market intelligence reports focusing on the market estimations, technology

    analysis, emerging high-growth applications, deeply segmented granular country-level market

    data and other important market parameters useful in the strategic decision making for senior

    management. BIS Research provides multi-client reports, company profiles, databases, and

    custom research services.

    Copyright 2014 BIS Research

    All Rights Reserved. This document contains highly confidential information and is the sole

    property of BIS Research. Disclosing, copying, circulating, quoting or otherwise reproducing

    any or all contents of this document is strictly prohibited. Access to this information is provided

    exclusively for the benefit of the people or organization concerned. It may not be accessed by,

    or offered whether for sale or otherwise to any third party.

    BIS Research Sample Page 2

  • Global Smart Light Fixture (LED, HID), Control (Sensor, Ballast,

    Relays and Switches) & Services Market: 2015-2020

    1 MARKET DYNAMICS

    1.1 MARKET OPPORTUNITIES

    1.1.1 THE CHANGING PARADIGM OF LIGHTING INDUSTRY TO ELECTRONICS INDUSTRY

    The advent of smart technologies in the lighting industry has opened the gateways for players

    from a host of industry verticals including control systems, sensors, dimmers and software

    based solutions. The scenario of lighting sector has completely changed with the introduction

    of modern technologies. The image of light bulb as a standalone unit is swiftly changing. The

    smart lighting industry not only involves the lamp, but the sensors that gather information

    from a stimulus, and transfer the information via an interface. The information is read by

    software that generates an appropriate response carried out by the lamp. The response could

    be a change in colour, dimming the illumination, switching on/off, etc.

    Additionally, there has been an influx of wireless connected devices. Technologies such as WiFi,

    Bluetooth and ZigBee are now found in many devices, improving their ease-of-use and

    capabilities. The rapid market adoption of smartphones and tablet computers is not only a

    prime example of this trend, but has also initiated a change in the way people control devices.

    This indicates that industry has made a huge leap in the electronics sector. The association of

    electronics with lighting has a vast array of advantages such as reduction in the energy

    consumption and thus the cost associated with it, increasing comfort for users, and widespread

    functionalities.

    Moreover, the adoption of LEDs as genuine light sources is the most promising aspect of the

    smart lighting industry. LED production has driven the emergence of a number of

    semiconductor companies into the smart lighting market.

    Once the industry comes to term with eradicating the compatibility issues between different

    electronic components and lights fixtures the opportunities are vast for the industry.

    BIS Research Sample Page 3

  • Global Smart Light Fixture (LED, HID), Control (Sensor, Ballast,

    Relays and Switches) & Services Market: 2015-2020

    2 SMART LIGHTING MARKET BY LIGHTING TYPE

    2.1 INTRODUCTION

    The lighting industry has undergone profound transformations ever since the first incandescent

    lamp, an artificial source of light, was developed by Edison back in the 1879. With advancing

    technologies and the inclination of the lighting industry towards becoming an electronics

    industry, the incandescent bulb will indeed, if not yet, become an antique in the coming years.

    The concept of smart lighting has brought forth the feature of having high quality illumination

    while minimizing the energy consumption.

    A proper definition of smart lights will be those light sources that help conserve energy and

    operate for an extended period compared to conventional light sources while producing desired

    illumination levels. There are certain pain points that effect the adoption of smart lights on a

    wider scale such as r high initial cost investment compared to incandescent light sources,

    however, smart lights ensure an early and high levels of ROI (Return on Investment) owing to

    their energy efficiency and long life.

    FIGURE 1

    THE TYPES OF SMART LIGHTS

    Source: BIS Research

    BIS Research Sample Page 4

  • Global Smart Light Fixture (LED, HID), Control (Sensor, Ballast,

    Relays and Switches) & Services Market: 2015-2020

    The market enjoys the presence of a large number of players from a diverse range of industry

    verticals. The smart lighting market is broken down into different lighting types such as LEDs,

    Fluorescent lamps, etc. The next sections will be discussing the market scenario, dynamics and

    key players for the different lighting type namely-LEDs, Fluorescent Light, Compact

    Fluorescent lights, and HIDs.

    2.1.1 MARKET STATISTICS

    TABLE 1

    FIXTURE MARKET REVENUE BY TYPE ($BILLION), 2015-2020

    Fixture 2014 2015 2016 2017 2018 2019 2020 CAGR

    LED XX XX XX XX XX XX XX XX%

    HID XX XX XX XX XX XX XX XX%

    Total XX XX XX XX XX XX XX XX%

    Source: BIS Research

    The global smart lighting fixture market accounted for revenue of $XX billion in 2014,

    comprising of only LEDs and HID lamps and luminaries. The year 2014 marked the hegemony

    of HID lamps, primarily due to its higher cost and voluminous demand, but the trend will take

    a back flip in the favour of LED fixtures. LEDs will be responsible for revenue of $XX billion by

    2020 at an estimated CAGR of XX% from 2015 to 2020.

    BIS Research Sample Page 5

  • Global Smart Light Fixture (LED, HID), Control (Sensor, Ballast,

    Relays and Switches) & Services Market: 2015-2020

    2.2 VALUE CHAIN ANALYSIS OF THE GLOBAL LED MARKET (LED COMPONNET INDUSTRY)

    FIGURE 2

    VALUE CHAIN ANALYSIS FOR GLOBAL LED COMPONENT INDUSTRY

    Source: BIS Research, Hindawi Publications

    BIS Research Sample Page 6

  • Global Smart Light Fixture (LED, HID), Control (Sensor, Ballast,

    Relays and Switches) & Services Market: 2015-2020

    2.3 HIGH INTENSITY DISCHARGHE LAMPS

    2.3.1 MARKET STATISTICS

    TABLE 2

    COMMERCIAL HID FIXTURE MARKET VALUE ($ BILLION), 2015-2020

    Application 2014 2015 2016 2017 2018 2019 2020 CAGR

    Office Buildings XX XX XX XX XX XX XX XX%

    Retail XX XX XX XX XX XX XX XX%

    Hospitality XX XX XX XX XX XX XX XX%

    Total XX XX XX XX XX XX XX XX%

    Source: BIS Research

    HID lamps find little or no application in commercial setups such as office buildings, hotels etc.

    The total market size for commercial applications employing HID fixtures accounted for

    approximately $XX billion in 2014, which is expected to fall down to $XX at a negative CAGR of

    XX%.

    TABLE 3

    OTHERS HID FIXTURE MARKET VALUE ($ BILLION), 2015-2020

    Application 2014 2015 2016 2017 2018 2019 2020 CAGR

    Industrial XX XX XX XX XX XX XX XX%

    Architectural XX XX XX XX XX XX XX XX%

    Outdoor XX XX XX XX XX XX XX XX%

    Total XX XX XX XX XX XX XX XX%

    Source: BIS Research

    BIS Research Sample Page 7

  • Global Smart Light Fixture (LED, HID), Control (Sensor, Ballast,

    Relays and Switches) & Services Market: 2015-2020

    Street lighting and infrastructural applications such as airports, parks etc find the maximum

    applicability among all other end-uses and therefore this segment bagged the market share of

    $XX billion in 2014. However, with the massive proliferation of LEDs in outdoor applications,

    the market share is expected to drop profoundly, reaching $XX billion by 2020 at a negative

    CAGR of XX% from 2015 to 2020

    BIS Research Sample Page 8

  • Global Smart Light Fixture (LED, HID), Control (Sensor, Ballast,

    Relays and Switches) & Services Market: 2015-2020

    3 SMART LIGHT MARKET BY COMPONENTS

    FIGURE 3

    SMART LIGHT COMPONENTS

    Source: BIS Research

    This segment delves with the major components incorporated in a Smart Light Control system.

    Each component serves a different purpose for controlling the lighting system and is

    captivating the interest of electronics component manufacturers across the globe. These

    components are relays and timers, actuators, sensors, ballasts, microcontrollers and

    accessories (remote control, touch screen, etc.).

    BIS Research Sample Page 9

  • Global Smart Light Fixture (LED, HID), Control (Sensor, Ballast,

    Relays and Switches) & Services Market: 2015-2020

    4 SMART LIGHTING & CONTROL SYSTEM APPLICATION MARKET

    FIGURE 4

    CLASSIFICATION OF SMART LIGHTING & CONTROL MARKET,

    BY APPLICATION

    Source: BIS Research

    This segment will provide an in-depth analysis of the application verticals for smart lighting and

    control market. The commercial applications discussed in the segment are commercial and

    residential, wh

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