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:
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
4.3.1.1 Compact Fluorescent Lamps (CFL)
4.3.1.1.1 CFL Market by Application
4.3.1.1.2 CFL Market by Region
4.3.1.2 Light Emitting Diode (LED)
4.3.1.2.1 LED Market by Application
4.3.1.2.2 LED Market by Region
4.3.1.3 Organic Light Emitting Diode (OLED)
4.3.1.3.1 OLED Market by Application
4.3.1.3.2 OLED Market by Region
4.3.1.4 High Intensity Discharge Lamps (HID)
4.3.1.4.1 HID Market by Application
4.3.1.4.2 HID Market by Region
4.3.1.5 Plasma Lamps
4.3.1.5.1 Plasma Lamps Market by Application
4.3.1.5.2 Plasma Lamps Market by Region
4.3.2 Controls
4.3.2.1 Control Market by Application
4.3.2.2 Control Market by Region
4.3.2.3 Sensors
4.3.2.4 Microprocessors & Controllers
4.3.2.5 Dimmers & Switches
4.3.2.6 Wireless Transmitters & Receivers
4.3.2.7 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
For more information about this report visit https://www.researchandmarkets.com/research/d2w9v2/global_smart