Smart Lighting Market size forecast to reach USD 8.5 billion by 2023

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  • 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

    Fuel Cell Market size worth $25.5bn by 2024Low Power Wide Area Network

    Smart lighting market size forecast to reach USD 8.5 billion by 2023,

    at a CAGR of over 22% from 2016 to 2023: Global Market Insights Inc.

  • 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

    China is expected to be the most attractive region on account of growing

    product adoption, and is likely to account for substantial revenue share.

    Europe is forecast to continue its prominence over the timeframe. Existence of

    large number of industries is predicted to propel regional demand.

    Regional Analysis of Smart Lighting Market:

  • 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

    Applications are area specific and operation involves calculation and

    management of lighting requirement in a particular area. Lighting wastages can

    be effectively tackled by implementation of these products. In addition, the

    capability to allow users to optimize the excessive usage of their resources is

    predicted to favor smart lighting market forecast.

    These systems involves usage of intelligent lighting control and are capable of

    controlling light based on numerous parameters such as color temperature,

    movement, occupancy and amount of natural light.

    They are integrated with electronic control systems that aids in substantially

    reducing energy consumption rate.

    Application Analysis of Smart Lighting Market :

  • 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

    Industry participants accumulating substantial global smart lighting market share

    include Philips, Osram, Acuity Brands, Schneider Electric, General Electric

    Company.

    Other notable players include Tvilight, Bridgelux, Daintree Networks, Cree, Digital

    Lumens, SELC Ireland, General Electric Company, Echelon Corporation, Helvar,

    Zumtobel Group and Hubbell.

    Competitive Market Share of Smart Lighting Market:

  • 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

    Browse Full Market Research Report On Smart Lighting

    Market @

    http://goo.gl/PsYx5O

    Request for an in-depth table of contents for this report @

    https://www.gminsights.com/request-toc/upcoming/413

    http://goo.gl/PsYx5Ohttps://www.gminsights.com/request-toc/upcoming/413

  • 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com

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