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Global Smart Light Fixture and Control Market Is Expected to Reach $126.6 Billion, Says Variant Market Research
Published By: Variant Market Research Publishing Date: 08 November 2017

Global Smart Light Fixture and Control Market Report, published by Variant Market Research, forecast that the global market is expected to reach $126.6 billion by 2024 from $31.7 billion in 2016; growing at a CAGR of 18.9% from 2016 to 2024. By geography, Asia-Pacific and Europe are expected to grow at a CAGR of 20.8% and 18.5%, respectively, during the forecast period. Energy saving, easy installation, and simple maintenance are some factors due to which its popularity is increasing rapidly. It is highly used in various commercial, industrial, and residential end user industries.

"Smart Light Fixture and Control Market (By Lightning Type: CFL, LED, Fluorescent Lights, Plasma Lambs, and HID Lambs; By Technology: Fixture, and Control; By Application: Commercial, Residential, and Others; By Geography: North America, Europe, Asia-Pacific, and RoW) Global Scenario, Market Size, Outlook, Trend and Forecast, 2015 – 2024"

To browse complete report, visit at https://www.variantmarketresearch.com/report-categories/consumer-electronics/smart-light-fixture-and-control-market

Rising adoption in commercial and residential spaces fuels the global smart light fixture and control market

The factors driving the growth of smart light fixture and control market are rising adoption in commercial and residential spaces, easy installation and control, and low price of sensors. However, huge installation cost may restrain the market from growing. Besides, rising government initiatives about low energy consumption globally is expected to generate numerous growth opportunities in the upcoming years.

Market Segmentation

Lighting type, technology, application, and geography are the major segments considered in the global smart light fixture and control market. Segmentation by lighting type consists CFL, LED, plasma lamps, fluorescent lights, and HID lamps. Technology segments comprises fixture, and control. By application, the market is further categorized into commercial, residential, and other applications.

LED’s accounted for the majority in the lighting type segment

LED’s dominated the market with major share in lighting type segment in 2016, and is expected to continue its dominance during the forecast period, owing to its various properties such as energy efficient, long lifetime, environment friendly, and controllable.

Fixture dominated the technology segment

Fixture accounted for the highest share in technology segment in the year 2016. The growth is attributed due to their extensive usage in commercial and residential areas.

Commercial held the largest share in the application segment

Smart Light Fixture and Control Market By Application
Smart Light Fixture and Control Market By Application

In 2016, commercial sector dominated the market with maximum share within application segments, due to wide use of lights in offices because of 24/7 working shifts. Also, utility of lighting control systems which uses factors such as available daylight, occupancy, and lights turning on or off according to time.

Asia-Pacific was the highest revenue generating region in 2016

GLOBAL SMART LIGHT FIXTURE AND CONTROL MARKET SHARE BY GEOGRAPHY, 2016 (%)
GLOBAL SMART LIGHT FIXTURE AND CONTROL MARKET SHARE BY GEOGRAPHY, 2016

In 2016, Asia-Pacific generated the highest revenue in the global smart light fixture and control market, and is expected to continue its trend in the forecast period i.e. 2016 – 2024. The high growth rate is seen due to the rapid infrastructural development in this region.

Competitive Landscape

In October 2017, Acuity Brands Lighting, Inc., launched the nLight AIR, a secure, high-performance wireless lighting control system that connects indoor and outdoor lighting systems to Smart Building Ready solutions. The key market players include General Electric Company, Honeywell International, Philips Lighting, Acuity Brands Lighting, Inc., Digital Lumens, Inc., Cooper Industries, Inc., Legrand S.A., StreetLight Vision, OSRAM Licht AG, and Schneider Electric SE, among others.

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Chapter 1 Prefix
    1.1 Market Scope
    1.2 Report Description
    1.3 Research Methodology
          1.3.1 Primary Research
          1.3.2 Secondary Research
          1.3.3 In-house Data Modeling
Chapter 2 Executive Summary
Chapter 3 Market Outline
    3.1 Market Inclination, Trend, Outlook and Viewpoint
    3.2 Market Share Analysis: Company’s Competitive Scenario
    3.3 Market Dynamics
          3.3.1 Drivers
                   3.3.1.1 Impact Analysis
          3.3.2 Restraints
                   3.3.2.1 Impact Analysis
          3.3.3 Opportunities
Chapter 4 Global Smart Light Fixture and Control Market by Lighting Type: Market Size and Forecast, 2015 – 2024
    4.1 Overview
    4.2 CFL
          4.2.1 Current Trend and Analysis
          4.2.2 Market Size and Forecast
    4.3 LED
          4.3.1 Current Trend and Analysis
          4.3.2 Market Size and Forecast
    4.4 Fluorescent Lights
          4.4.1 Current Trend and Analysis
          4.4.2 Market Size and Forecast
    4.5 Plasma Lamps
          4.5.1 Current Trend and Analysis
          4.5.2 Market Size and Forecast
    4.6 HID Lamps
          4.6.1 Current Trend and Analysis
          4.6.2 Market Size and Forecast
Chapter 5 Global Smart Light Fixture and Control Market by Technology: Market Size and Forecast, 2015 – 2024
    5.1 Overview
    5.2 Fixture
          5.2.1 Current Trend and Analysis
          5.2.2 Market Size and Forecast
    5.3 Control
          5.3.1 Current Trend and Analysis
          5.3.2 Market Size and Forecast
Chapter 6 Global Smart Light Fixture and Control Market by Application: Market Size and Forecast, 2015 – 2024
    6.1 Overview
    6.2 Commercial
          6.2.1 Current Trend and Analysis
          6.2.2 Market Size and Forecast
    6.3 Residential
          6.3.1 Current Trend and Analysis
          6.3.2 Market Size and Forecast
    6.4 Other Applications
          6.4.1 Current Trend and Analysis
          6.4.2 Market Size and Forecast
Chapter 7 Global Smart Light Fixture and Control Market by Geography: Market Size and Forecast, 2015 – 2024
    7.1 Overview
    7.2 North America
          7.2.1 Current Trend and Analysis
          7.2.2 Market Size and Forecast
          7.2.3 US
                   7.2.3.1 Market Size and Forecast
          7.2.4 Canada
                   7.2.4.1 Market Size and Forecast
          7.2.5 Mexico
                   7.2.5.1 Market Size and Forecast
    7.3 Europe
          7.3.1 Current Trend and Analysis
          7.3.2 Market Size and Forecast
          7.3.3 UK
                   7.3.3.1 Market Size and Forecast
          7.3.4 Germany
                   7.3.4.1 Market Size and Forecast
          7.3.5 France
                   7.3.5.1 Market Size and Forecast
          7.3.6 Italy
                   7.3.6.1 Market Size and Forecast
          7.3.7 Rest of Europe
                   7.3.7.1 Market Size and Forecast
    7.4 Asia-Pacific
          7.4.1 Current Trend and Analysis
          7.4.2 Market Size and Forecast
          7.4.3 India
                   7.4.3.1 Market Size and Forecast
          7.4.4 China
                   7.4.4.1 Market Size and Forecast
          7.4.5 Japan
                   7.4.5.1 Market Size and Forecast
          7.4.6 South Korea
                   7.4.6.1 Market Size and Forecast
          7.4.7 Rest of Asia-Pacific
                   7.4.7.1 Market Size and Forecast
    7.5 RoW
          7.5.1 Current Trend and Analysis
          7.5.2 Market Size and Forecast
          7.5.3 Middle East
                   7.5.3.1 Market Size and Forecast
          7.5.4 South America
                   7.5.4.1 Market Size and Forecast
          7.5.5 Africa
                   7.5.5.1 Market Size and Forecast
Chapter 8 Company Profiles
    8.1 Philips Lighting
    8.2 General Electric Company
    8.3 Honeywell International
    8.4 Acuity Brands Lighting, Inc.
    8.5 Cooper Industries Inc.
    8.6 Digital Lumens Inc.
    8.7 Legrand S.A.
    8.8 StreetLight Vision
    8.9 OSRAM
    8.10 Schneider Electric SE

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