Smart lighting market value in 2020 will reach $8 billion 140 million

Market Research Report on the world's second largest market research and consulting firm Marketsand Markets released the latest pointed out that by 2020, the total smart lighting market is expected to reach $8 billion 140 million in 2015, the compound annual growth rate of 22.07% between 2020.

The contents of the report is mainly divided into: by connecting the global forecast to 2020 (Cable & wireless) intelligent lighting market, connected to the end user, according to the type of light (fluorescent lamps, LED lamps and other components (according to) classification, control and communications, lighting and equipment) according to the classification and classification.

Smart lighting market presents a huge growth potential in the next few years, the high growth rate of smart lighting will redefine the lighting industry, providing energy saving, while increasing accessibility with accessibility. In the next five years, the demand for intelligent lighting, intelligent lighting control is at an alarming rate from the traditional lighting transformation, will further promote the development of intelligent lighting systems. Some of the key factors contributing to the development of intelligent lighting in the world include the decline in the prices of energy efficient lighting technologies, the government's initiative in high efficiency lighting and the evolution of new wireless technologies.

Intelligent lighting is an innovative technology, it uses the automatic control system to control the lighting, increase the lighting function, color, intensity and control are more dynamic. FL and LED lights are the main participants in intelligent lighting. Fluorescent lamps, due to its cost effectiveness and energy efficiency over incandescent bulbs, will have plenty of opportunities in the near future.

However, LED lamps have the highest growth potential in the near future, which is obvious. Such as the development of intelligent LED solutions, including: Green Wave Green Chip-enabled Green Chip ISSL light bulbs, NXP wireless LED lighting solutions, GreenChip iCFL, for CFL, Philips LED and Hue smart bulbs -- all of these examples show that based on the development of LED lamp lighting solutions can be more intelligent, controllable and compact the unique shape makes it an attractive choice for smart lighting applications. Lighting controllers and sensors are the most widely used intelligent control components that are expected to grow at an exponential rate.

The main players in the global lighting market include Philips (Holland), OSRAM (Germany), Acuity Brands Lighting (USA), General Electric (USA), etc.. The report also said that the main limitations of the smart lighting market is the lack of awareness of the installation costs and investment recovery period. The following figure shows the expected growth of smart lighting market from 2013 to 2020.

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