Dublin, Sept. 15, 2017 (GLOBE NEWSWIRE) -- The "Global Smart Lighting Market, Analysis and Forecast 2017-2023 - (Focus on Fixtures, Controls and Applications in Commercial and Residential)" report has been added to Research and Markets' offering.

Global Smart Lighting Market to Reach $105 Billion by 2023

Smart lighting continues to propel the lighting industry with increasing revenue at a global level. The integration of physical security industry with smart lighting, changing paradigm of lighting industry to electronics industry and adding voice control feature to the upcoming products led to the global emergence of smart lighting market.

This growth is expected due to increasing smart homes market along with customization benefits and continuously decreasing Average Selling Price (ASP) of LED bulbs.

The U.S. generated the maximum amount of revenue in the year 2016 in the global smart lighting industry among all the countries; whereas, the U.K. has the maximum potential to grow in the forecast period. If the industry has the prospects of growing with the same pace, smart lighting market will cross $100 billion in by the end of forecast period 2023.

The industry analysis section has examined the impact of the five major forces and value chain analysis to understand the overall attractiveness of the industry. The most often used strategy for developing a better hold on to the market has been through product launches, followed by partnerships, joint ventures, and collaborations. Moreover, the company profile section includes highlights of significant information about the key companies involved along with their financial positions, key strategies, and developmental activities of recent years.

The report is a compilation of different segments of Global Smart Lighting Market including market breakdown by component, technology, and application. It further takes in Porter's five forces analysis and market dynamics. The report also discusses in detail about the key participants involved in the industry.

The report answers the following questions about the Global Smart Lighting Market:

  • What is the size, in terms of value ($million) and volume (million units), of smart lighting market in 2016, and growth rate during the forecast period, 2017-2023?
  • What are the major market drivers, challenges and opportunities in the global smart lighting market?
  • What is the market share of the leading segments and sub-segments of the global smart lighting market in 2016 and 2023?
  • How will each segment of the global smart lighting market grow during the forecast period and what will be the revenue generated by each of the segments by the end of 2023?
  • How will the industry evolve during the forecast period between 2016 and 2023?
  • What will be the growth rate of different segments during the forecast period? Which is the leading segment by application?
  • How the market has been segmented on the basis of application?
  • Which geographical location will dominate the smart lighting market?
  • What are the new strategies adopted by the existing market players to make a mark in the industry?
  • Who are the key players in the smart lighting market?
  • What strategies are adopted by smart lighting manufacturers to sustain or grow in the market?

Key Topics Covered:

Executive Summary

1 Report Scope & Methodology
1.1 Scope of the Report
1.2 Smart Lighting Market Research Methodology

2 Market Dynamics
2.1 Introduction
2.2 Market Drivers
2.2.1 Prevailing Issue of Global Energy Crisis Supporting the Adoption of Smart Lighting
2.2.2 Increasing Trend of Smart Homes Along with Customization Benefits Supports Smart Lighting Market
2.2.3 Continuously Declining Average Selling Price (ASP) of LED Bulbs
2.3 Market Opportunities
2.3.1 The Integration of Physical Security Industry with Smart Lighting
2.3.2 Changing Paradigm of Lighting Industry to Electronics Industry
2.3.3 Adding Voice Control Feature to the Upcoming Products
2.4 Market Restraints
2.4.1 Design Challenges with LED Usage
2.4.2 Consumers Have to Bear High Replacement Costs from Existing Solutions to Smart Lighting
2.4.3 Lack of Standards and the Associated Interoperability Issues

3 Competitive Insights
3.1 Key Market Developments & Strategies (2014-2016)
3.1.1 New Product Launches, Developments and Expansions
3.1.2 Partnerships, Joint Ventures, Collaborations and Contracts
3.1.3 Business Expansions and Certifications
3.1.4 Mergers & Acquisitions
3.1.5 Others
3.2 Industry Attractiveness
3.2.1 Threat From New Entrants
3.2.2 Bargaining Power of Buyers
3.2.3 Bargaining Power of Suppliers
3.2.4 Threat from Substitutes
3.2.5 Intensity of Competitive Rivalry
3.3 Supply Chain Analysis
3.4 Lighting and LED trends
3.4.1 Cloud-Based Lighting Controls
3.4.2 Light Fidelity (Li-Fi) Becoming a Brighter Way to Communicate
3.4.3 OLED Panel Shipments on the Rise
3.4.4 LED Filament Bulbs Combining Incandescent Bulb Beauty with LED Lamp Benefits
3.5 Lighting as a Service (LAAS)
3.6 Leading Players Analysis
3.7 R&D Analysis
3.8 Pricing Analysis

4 Global Smart Lighting Market Breakdown by Component
4.1 Assumptions and Limitations
4.2 Market Overview
4.3 Global Smart Lighting Market Breakdown by Component
4.3.1 Fixtures Compact Fluorescent Lamps (CFL) CFL Market by Application CFL Market by Region Light Emitting Diode (LED) LED Market by Application LED Market by Region Organic Light Emitting Diode (OLED) OLED Market by Application OLED Market by Region High Intensity Discharge Lamps (HID) HID Market by Application HID Market by Region Plasma Lamps Plasma Lamps Market by Application Plasma Lamps Market by Region
4.3.2 Controls Control Market by Application Control Market by Region Sensors Microprocessors & Controllers Dimmers & Switches Wireless Transmitters & Receivers Ballasts and LED Drivers

5 Global Smart Lighting Market Breakdown by Technology
5.1 Market Overview
5.2 Wired Technology
5.2.1 Building Automation & Control Network (BACnet)
5.2.2 Digital Addressable Lighting Interface (DALI)
5.2.3 Power Line Communication (PLC)
5.2.4 Proprietary Control
5.2.5 Others
5.3 Wireless Technology
5.3.1 EnoCean
5.3.2 ZigBee
5.3.3 Bluetooth
5.3.4 Wi-Fi

6 Global Smart Lighting Market Breakdown by Application
6.1 Market Overview
6.2 Residential
6.3 Commercial
6.4 Industrial
6.5 Outdoor
6.6 Automotive

7 Global Smart Lighting Market Breakdown by Region
7.1 Market Overview
7.2 North America Market by Country
7.3 Asia Pacific Market by Country
7.4 Europe Market by Country
7.5 Rest of the World Market by Country

8 Company Profiles

  • Acuity Brands Inc.
  • Ams AG
  • CommScope Holding Company Inc.
  • Control4 Corporation
  • Daintree Networks
  • Digital Lumens, Inc.
  • General Electric
  • Honeywell International Inc.
  • Legrand
  • Leviton Manufacturing Co., Inc.
  • Lutron Electronics Co., Inc.
  • NXP Semiconductors NV
  • OSRAM Licht AG
  • Philips Lighting
  • Zumtobel Group AG

For more information about this report visit https://www.researchandmarkets.com/research/d2w9v2/global_smart

CONTACT: Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Lighting Equipment , Internet of Things and M2M