Smart Indoor Lighting Market 2019 Opportunities, Challenges, Competitive Landscape, Gross Margin Analysis, Competition Strategies, Revenue, Gross Margin Research Report and Trends by Forecast 2023

Smart Indoor Lighting Market 2019 Opportunities, Challenges, Competitive Landscape, Gross Margin Analysis, Competition Strategies, Revenue, Gross Margin Research Report and Trends by Forecast 2023

“Smart Indoor Lighting Market”
The report on the Global Smart Indoor Lighting Market covers historical market trends, current market dynamics, market valuation by segmentation as well as region, country-level analysis for every segment, key player’s market share analysis, competitive landscape and supply chain analysis.

Overview

Smart indoor lighting market is estimated to exhibit high growth potential during the forecast period owing to increasing popularity of digital marketing and branding activities. Major driving factor in the growth of smart indoor lighting market is the increasing consumer awareness about the importance of energy saving.

According to Market Research Future Analysis, Smart indoor lighting market has been valued at approx. USD 8 Billion by the end of forecast period with 27% of CAGR during forecast period 2018 to 2023 

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Segments

Smart indoor lighting market has been segmented on the basis of light source, product type, communication technology and application. The application segment is further bifurcated into residential, commercial, industrial and others. Out of which, the commercial segment is expected to dominate the smart indoor lighting market owing to the cost and energy saving options offered by smart indoor lighting.

Light manufacturing companies are compelled to introduce innovative lighting technology owing to increasing awareness about the power saving and energy saving needs. Smart lighting is a technology that uses intelligent light control system. Smart lighting technology provides highly flexible lighting at low energy consumption and cost.

The major factor restraining the growth of smart indoor lighting market is the lack of awareness regarding installation costs and payback period. Security and privacy issues are other factors that could cause hindrance in the growth of smart indoor lighting market.

Key Players

Market Research Future (MRFR) recognizes the following companies as the key players in the smart indoor lighting market – Philips Lighting (The Netherlands), Acuity Brands Lighting, Inc. (U.S.), General Electric Company (U.S.), OSRAM Licht AG (Germany), Honeywell International (U.S.), Cooper Industries, Inc. (Ireland), Digital Lumens, Inc. (U.S.), Legrand S.A. (France), Lutron Electronics Company, Inc. (U.S.), Schneider Electric SE (France), among others.

Regional Analysis:

The regional analysis of Smart Indoor Lighting Market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that Europe is estimated to account for the largest share of the market followed by North America, whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period. The major growth in smart indoor lighting market in Europe attributes to the technical advancements and increasing investments in infrastructure modernization projects in that region. 

Commenting on the report, an analyst from Market Research Future (MRFR)’s team said:

Smart indoor lighting market can be segmented on the basis of light source, product type, communication technology and application. The communication technology segment is further bifurcated into wired communication technologies and wireless communication technologies. Out of which, wired communication technologies segment is expected to dominate the smart lighting market. However, the wireless technologies segment will witness a rapid growth and is expected to grow at the highest CAGR during the forecast period owing to the replacements of wired technologies with the wireless technologies in order to implement hassle-free communication technology in the smart lighting market. 

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

LIST OF TABLES

TABLE 1 SMART INDOOR LIGHTING MARKET, BY LIGHT SOURCE

TABLE 2 SMART INDOOR LIGHTING MARKET, BY PRODUCT TYPE

TABLE 3 SMART INDOOR LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY

TABLE 4 SMART INDOOR LIGHTING MARKET, BY APPLICATION

TABLE 5 SMART INDOOR LIGHTING MARKET, BY REGIONS

Continued……

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LIST OF FIGURES

FIGURE 1 RESEARCH LIGHT SOURCE

FIGURE 2 SMART INDOOR LIGHTING MARKET, BY LIGHT SOURCE (%)

FIGURE 3 SMART INDOOR LIGHTING MARKET, BY PRODUCT TYPE (%)

FIGURE 4 SMART INDOOR LIGHTING MARKET, BY COMMUNICATION TECHNOLOGY (%)

FIGURE 5 SMART INDOOR LIGHTING MARKET, BY APPLICATION (%)

Continued……

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. 

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members

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