Smart Lighting Market

Transparency Market

Research

Smart Lighting Market - Global Industry Analysis, Size,

Share, Growth, Trends and Forecast 2014 – 2020

Published Date

2015-05-04

91 Page Report

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Press Release

Smart Lighting Market is Expected to Reach USD 56.62 billion in

2020

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Smart Lighting Market

REPORT DESCRIPTION

Smart Lighting Market - Global Industry Analysis, Size, Share, Growth, Trends

and Forecast 2014 – 2020

According to a new market report published by Transparency Market Research “Smart Lighting

Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” global

smart lightning market was valued at USD 21 billion in 2013, growing at a CAGR of 15.9% from

2014 to 2020 to account for USD 56.62 billion in 2020.

The smart lighting market is primarily driven by the growing demand for energy efficient lighting

system in order to reduce energy consumption cost. Smart lighting solutions primarily find

applications in commercial, industrial, residential and outdoor lightings. The lighting systems

contributes majority of the energy consumption cost in commercial and industrial buildings.

Presently, most of the lighting systems installed are based on the traditional lighting systems.

However, increasing awareness for reducing lighting energy consumption cost among the

building owners is driving the growth of the smart lighting market. In addition, development of

sensor and wireless technology in the field of smart lighting for better lighting efficiency and

monitoring lightings is fueling the growth of the market. Growing implementation of smart

lighting for intelligent streetlights and replacement of traditional lamps with LED lamps is further

aiding the growth of this market.

Browse the full Smart Lighting Market report at...