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Smart lighting controls market to grow to £33 billion by 2020

Andrew Brister 6 August 2014
Smart lighting controls market to grow to £33 billion by 2020

Sales of smart lighting control products are expected to soar, according to a new report by Markets and Markets, with the highest growth is likely to take place in commercial and industrial applications.

The smart lighting industry involves the use of lighting control systems that deliver correct amount of light when needed. It deals with the technology where lights can automatically perform various operations at set times or under set conditions. It makes use of intelligent lighting control systems to intelligently control light, based on various parameters such as occupancy, movement, colour temperature, amount of natural/daylight and so on.

The customers of lighting control systems apply a set of such lighting control strategies using specific technologies and methods to control consumption of light energy. Automated lighting control not only provides less expensive and more flexible lighting, but also monitors various tasks carried out by the users. The smart lighting market is growing in a remarkable way and the main factors driving this growth are the rising growth of Light Emitting Diode (LED), lighting in commercial modernisation, rapid growth of street lighting systems, and expansion of this technology in smart cities. At present there are many companies launching new products in the market.

It is observed that LED-based lighting devices integrated with different types of wireless technologies have a good opportunity in the market. The wireless networking technologies are bringing intelligence to a new generation of smart lighting. The main drivers for the market include incompatible wireless communication solutions, lack of awareness, more supply than demand, and difficulty of maintenance.

The growth of the smart lighting market in the coming years is expected to be very important, with the revenue growth estimated to reach £33 billion by 2020, at an estimated annual growth rate of 15.8% from 2014 to 2020. The major players in this market include Acuity Brands (US), Legrand (France), Lutron Electronics (US) and Zumtobel (Austria). Several other acquisitions, mergers, new product launch, agreements and so on, have taken place recently and are discussed in the report.

The report covers the market by lighting type, lighting control components, connectivity technologies, application and geography. It provides detailed analysis of the current market scenario and its estimation till the year 2020. The report profiles companies which are active in the field of smart lighting technology. It highlights the winning imperatives and burning issues related to this industry. It also analyses the market with the help of Porter’s five-force model. The report provides competitive landscape of the players, which covers key growth strategies followed by all the major players.

Currently, Europe has the largest market for smart lighting especially in commercial and industrial, public and government buildings applications. Several new players have emerged in this region, which have developed breakthrough products related to smart lighting. The market is expected to grow at a modest rate in the developed regions such as the Americas as well.

Building owners, government utilities and other stakeholders are adopting the implementation of lighting control systems on a wider scale due to concern for energy consumption. Public and government buildings have the second largest share among all applications in the market. Commercial and industrial application has largest growth potential and will grow at the highest rate from 2014 to 2020 when compared with other applications.

This research report categorizes the smart lighting market, based on lighting type, lighting control components, connectivity technology and applications; it also covers the forecast revenue from 2014 to 2020. It describes the deployments of smart lighting technology in different regions. The report describes the applications mapping of the market with respect to the growth potential and adoption by the users.

The lighting types covered in this report include consists of LED lamps, fluorescent lamps, compact fluorescent lamps and high intensity discharge lamps. The report covers the market based on these lighting types across North America, South America, Europe, Asia-Pacific, and the Rest of the World.

The market has also been separated based on lighting control components used in smart lighting systems, which include relays, controllable breakers, occupancy sensors, dimming actuators, switch actuators, blind/ shutter actuators, transmitters and receivers.

The smart lighting market is segmented according to connectivity technology used to connect different smart lighting devices. The connectivity technologies include wired, wireless and others.

Application areas of smart lighting have been categorized into commercial and industrial, residential, outdoor lighting, public and government buildings and automobiles.

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