NEW YORK, May 28, 2020 (GLOBE NEWSWIRE) -- The global smart lighting market is expected to reach USD 30.0 billion by 2025, growing at a CAGR of 20.1% during the forecast period. The key strategy adopted by the companies operating in the smart lighting ecosystem are new product launch and existing portfolio enhancement. Globally, industry players in the smart lighting industry are leveraging market growth through the establishment of growth strategies related to organic and inorganic growth mechanisms along with the incorporation of several strategic partnerships by the key players occurring in this industry.
Get a free copy of sample report: https://www.vynzresearch.com/semiconductor-electronics/smart-lighting-market/request-sample
Indoor Communication segment held the larger share in the smart lighting market in 2019
On the basis of Communication, the smart lighting market is segmented into the indoor Communication and outdoor Communication. Among these two segments, the indoor Communication held the larger share in 2019 in the global market.
The indoor Communication is further sub-segmented into commercial, residential and others. Among these subcategories, residential Communications are excessively being installed in accordance with an entire house or even for a specific room. Moreover, the market for residential indoor Communications is expected to witness the fastest growth during the forecast period in the market due to the establishment of a wireless technique.
Explore key industry insights in 63 tables and 40 figures from the 175 pages of report, “Global Smart Lighting Market Analysis and Forecast to 2025 - Industry Insights by Product (Lighting Control and Luminaries), by Source (Light Emitting Diode, Fluorescent Lamp, High Intensity Discharge Lamp, and Others), by Communication (Wired and Wireless), by Application (Outdoor and Indoor)”
Geography Insight
Geographically, Asia-Pacific is expected to witness the fastest growth during the forecast period in the smart lighting market owing to massive growth perspective provided to the manufacturers by this region and these lighting systems are extensively being adopted by the consumers in developing their household and making it digitalized. Increasing activities pertaining to construction in Asia-Pacific is extensively contributing to the growth of the market in the region.
Competitive Insight
Some of the key players operating in the global smart lighting market include Cree Inc., Hubbell Lighting Inc., Koninklijke Philips N.V., Osram Licht AG, Schneider Electric SA, Zumbotel Group AG, Acuity Brands Inc, Digital Lumens Inc., Honeywell International Inc., and Legrand SA.
Do you have any specific research requirement? Ask for customization: https://www.vynzresearch.com/semiconductor-electronics/smart-lighting-market/customize-report
Key Takeaway from the Report:
- Among all the source, LED segment held the largest share in the market in 2019.
- Of all the communication, the wireless technology is expected to witness the fastest growth during the forecast period.
- Among all the Communication, the indoor Communication held the larger share in 2019 in the global market.
The Report Offers:
- Historical market estimate for the years 2015–2019 and forecast for the years 2020–2025
- Insight on current market trends, market dynamics, key opportunities and major challenges in the industry
- Market insights by in-depth segmentation with industry dynamics.
- Competitive analysis and benchmarking of the industry leaders and their product offerings
- Profiles of leading players and innovators, their financial overview and product portfolio
- Analysis of key industry trends and recent developments
- Value chain analysis and distribution channel analysis with opportunity assessment
- Market share analysis of major players
Benefits of Report Purchase from VynZ:
Detailed Research
We provide accurate data and in-depth analysis with all-inclusive coverage.
Robust Research Methodology
Robust research methodology and data triangulation to ensure high quality report.
Analyst Support
24*7 analyst support – Pre and post purchase of the report as well as during the project tenure.
Sales Support
24*7 sales support – Hassle free delivery of the report and quick response and support by sales team.
Free Customization
20% post purchase free customization to meet your Products.
Customer Satisfaction
We claim full customer satisfaction as our core values lie in building long term relationship.
Security
High level of data security and confidentiality of your information.
The report provides the market value for the base year 2019 and a yearly forecast till 2025 in terms of revenue (USD Million). The report segments the global smart lighting market on the basis of product, source, communication, Communication, and region.
Global Smart Lighting Market Coverage
Product Insight and Forecast 2015 – 2025
- Lighting Control
- Luminaries
Source Insight and Forecast 2015 – 2025
- Light Emitting Diode (LED)
- Fluorescent Lamp
- High Intensity Discharge Lamp
- Others
Communication Insight and Forecast 2015 – 2025
- Wired
- Wireless
Application Insight and Forecast 2015 – 2025
- Outdoor
- Indoor
Geographical Segmentation
Smart Lighting Market by Region
North America
- By Product
- By Source
- By Communication
- By Application
- By Country – U.S., Canada, and Mexico
Europe
- By Product
- By Source
- By Communication
- By Application
- By Country – Germany, U.K., France, Italy, Spain, and Rest of Europe
Asia-Pacific (APAC)
- By Product
- By Source
- By Communication
- By Application
- By Country – China, Japan, India, South Korea, Singapore, and Rest of Asia-Pacific
Rest of the World (RoW)
- By Product
- By Source
- By Communication
- By Application
- By Country – Brazil, South Africa, Saudi Arabia, and Other Countries
More from VynZ Research
Global Electric Vehicle Communication Controller Market Analysis and Forecast to 2024
The global electric vehicle communication controller market is expected to reach USD 374.1 million by 2024, growing at a CAGR of 33.6% during the forecast period. The global electric vehicle communication controller market is growing at a noteworthy pace, due to the increasing adoption of electric vehicle and several government initiatives taken across the globe. Among the vehicle type segment, passenger cars contribute major share to the market. With the occurrence of high-power batteries in the automotive industry, the demand for fast charging has accelerated rapidly. This, as a result, will boost the demand for fast charging type in the passenger vehicle sector.
Explore more at: https://www.vynzresearch.com/automotive-transportation/electric-vehicle-communication-controller-market
Global Electric Vehicle Component Market Analysis and Forecast to 2024
The global electric vehicle component market was valued at USD 22.5 billion in 2018. Government support for electric vehicle adoption, increasing need to reduce greenhouse gas emission, and reducing cost of components, propelling the growth of the market. Some of the key players operating in the global electric vehicle component market are Siemens AG, DENSO Corp., LG Chem Ltd., Tesla Inc., Hitachi Ltd., ABB Ltd., Samsung SDI Co. Ltd., BYD Co. Ltd., Robert Bosch GmbH, Contemporary Amperex Technology Co. Ltd., Panasonic Corp., OptimumNano Energy Co. Ltd., Mitsubishi Electric Corp., and LG Innotek Co. Ltd.
Explore more at: https://www.vynzresearch.com/automotive-transportation/electric-vehicle-component-market
Global Electric Bus Charging Station Market Analysis and Forecast to 2024
The global electric bus charging station market is projected to reach USD 11.4 billion by 2024, registering a CAGR of 9.5% during the forecast period. Increasing adoption of electric buses in public transportation system, supporting government initiatives and schemes, and growing investment towards charging station infrastructure, propelling the growth of the market.
Explore more at: https://www.vynzresearch.com/automotive-transportation/light-electric-vehicle-market
Benefits of Report Purchase from VynZ:
Detailed Research
We provide accurate data and in-depth analysis with all-inclusive coverage.
Robust Research Methodology
Robust research methodology and data triangulation to ensure high quality report.
Analyst Support
24*7 analyst support – Pre and post purchase of the report as well as during the project tenure.
Sales Support
24*7 sales support – Hassle free delivery of the report and quick response and support by sales team.
Free Customization
20% post purchase free customization to meet your requirements.
Customer Satisfaction
We claim full customer satisfaction as our core values lie in building long term relationship.
Security
High level of data security and confidentiality of your information.
About VynZ Research
VynZ Research is a market research firm offering research, analytics, and consulting services on business strategies. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. VynZ Research assists enterprises to take strategic decisions for helping their businesses to grow. The reports developed by VynZ are based on market facts that include comprehensive analysis and quantification of market drivers, industry dynamics, opportunities, challenges, threats, and market shares and anticipated new trends & technologies arising across wide range of industries.
Contact Us:
VynZ Research
Call: +91-996-028-8381
Toll Free (U.S. and Canada): +1-888-253-3960
Email: enquiry@vynzresearch.com
Web: https://www.vynzresearch.com
Connect with Us: LinkedIn | Facebook | Twitter