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Smart Lighting Controls Market To Reach 33 Billion Pounds By 2020, New Study Shows
Sales of smart lighting control products are expected to be very strong, according to a new report by Markets and Markets. The study finds that the highest growth is likely to take place in commercial and industrial applications of smart lighting. By James Hunt:
Showing current and forecast smart lighting controls growth.
Markets and Markets
This new analysis examines the key growth strategies of the major lighting companies, including Acuity Brands, Legrand, Lutron and Zumtobel, and it categorises application areas into commercial and industrial, residential, outdoor lighting, public and government buildings and road vehicles. Its geographical reach is North and South America, Europe, Asia-Pacific and the rest of the world (RoW).
On the basis of lighting type, the study examines LED, fluorescent, (FL), compact fluorescent (CFL) and high intensity discharge lamps (HID), plus the and related controls, which include relays, controllable breakers, occupancy sensors, dimming actuators, switch actuators, blind/shutter actuators, transmitters and receivers.
The smart lighting industry involves the use of lighting control systems that deliver the right amount and/or quality of light when needed. It can allow lighting to automatically perform various operations at set times or under set conditions.
Smart lighting also makes use of intelligent lighting control systems to intelligently control light, based on various parameters including occupancy, movement, colour temperature, amount of natural/daylight and so on. These are the main topics of the new study.
The growth of the market in coming years is expected to be very important, with the revenue growth estimated to reach £33 billion by 2020, at an estimated CAGR of 15.8% from 2014 to 2020. In addition to the major players mentioned, there have been a number of acquisitions, mergers, new product launches, agreements etc., and these are also discussed in the report.
The importance of LEDs
The report profiles companies that are active in smart lighting technologies and finds that currently, there are many launching new LED lighting and related control products in this market, and that smart lighting is growing in ‘a remarkable way’. The study also says that the main factors driving the market are the fast development and take-up of LED lighting, the rapid growth of street lighting systems, and the expansion of this technology in the so-called smart cities.
Europe currently has the largest market for smart lighting, especially in commercial and industrial, public and government buildings applications, with the Asia Pacific region second, the report finds. Several new players have emerged in the latter region, which ‘have developed breakthrough products related to smart lighting’. The market is also expected to grow at a modest rate in the developed regions, such as the Americas, according to this analysis.
Wireless is changing the market
In addition, the report observes that LED based lighting devices, integrated with the various wireless technologies, are finding good opportunities. Wireless networking technologies, it says, are bringing intelligence to a new generation of smart lighting.
It is partly for this reason that key industry figures predict that IT companies may take a significant share of the wireless lighting controls market in the future – possibly as part of the fast growing ‘Internet of Things’.
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