Explore more Categories
Artificial Intelligence involves the science and engineering of developing intelligent machines
The manufacturing world is at a cusp of a new revolution that will redefine conventional business models
IoT will have a major impact on businesses and consumers in the future
The world is creating 2.5 exabytes of data daily
Our research seeks to connect-the-dots across multiple trends
Personal Robots are Set to Be a $19 Billion Market
Strategic Analysis of BREXIT and its Implications to Industries, Economies and Societies
Time for a Digital Revolution in the Women’s Health Market
iFrost is a digital platform for interactive and dynamic reporting of data.
The TOEs are a great source of information which gives corporates critical information on companies to action for their strategic investments either as an open source platform or to collaborate and to develop successful products
Innovative Business Models of Connected Lighting Solutions with Open, Interoperable Systems to Drive Future Growth
* Required Fields
Pay by invoice
Buildings are shifting from conventional lighting to advanced smart lighting solutions that can help them realize energy efficiency targets, apart from improving occupant experience and comfort within their premises. Lighting companies that hit a plateau with their revenue growth are also focusing on offering digital lighting solutions, such as remote monitoring, workspace management, fault detection and diagnostics, and people monitoring to improve their business. The global smart lighting market was estimated at $11.62 billion in 2020 and is forecast to record a 17.5% CAGR over the next seven years till 2027. The demand for smart lighting in the residential segment is high with several start-ups and incumbents vying for market share. Apart from the residential segment, healthcare and offices are the major segments that are adopting smart lighting solutions. Leading manufacturers’ focus on megatrends, such as digitization and urbanization, increasing disposable incomes, and climate change will lead to technologically advanced solutions that cater to different customer segments.The competitive success factors in the market include product quality and cost, and ease of installation and use. Wired lighting solutions will continue to dominate the market in the forecast period, however wireless will grow to 35.8% of the market by 2027. With interoperability between wired and wireless products on the horizon, there will not be major retrofits happening in the future.
Companies included in this research service are Signify, GE, Osram, Acuity Brands, Lutron, Helvar, Legrand, Enlighted, Cree, Lifx, Wiz Connected, Control4, Nanoleaf, Sengled, Schreder, Syska, Hubbell, Wipro Lighting, and TP-Link.
Author: Dennis Marcell Victor
Vietnam Building Automation Systems (BAS) Growth Opportunities
Global Digital Solutions for Buildings and IoT-based HVAC Services Growth Opportunities
Global Facility Management Growth Opportunities
UK Facility Management Growth Opportunities
Global Building Technologies and Services Post–COVID-19 Trends & Growth Opportunities
Global Emergency Lighting Growth Opportunities
Singapore Building Management System Growth Opportunities
GCC Building Management System Growth Opportunities
Singapore Facility Management Growth Opportunities
Vietnam Facility Management Growth Opportunities
packaged food industry
heavy commercial vehicles market
augmented reality market
solar energy market
well intervention market
flexible packaging market
heavy truck market
Don't have an account? Create One!
Enter your Email Address here to receive a link to change password.
If you are an existing frost.com user, please register using the same email for seamless access
Already have an account? Login!
Use your Linkedin account to login or register within our store.You're just one click away.