Wireless Smart Lighting Controls Market is Projected to Expand at a 15.85% CAGR from 2019-2026
According to the report, the Wireless Smart Lighting Controls market is expected to grow from USD 2,234 million in 2019 to USD 6,257 million by 2026, growing at a CAGR of 15.85% from 2019 to 2026.
Description:
Wireless Smart Lighting Controls market is expected to witness growth due to the advancements in technologies and improved connectivity solutions. The global Wireless Smart Lighting Controls market is estimated to be USD 2,234 million in 2019 and is expected to reach USD 6,257 million by 2026, with a CAGR of 15.85% during the forecast period.
Smart lighting is a lighting technology designed for energy efficiency. This may include high-efficiency fixtures and automated controls that make adjustments based on conditions such as occupancy or daylight availability. The term wireless smart lighting controls are typically used to indicate stand-alone control of the lighting within a space. This may include occupancy sensors, time clocks, and photocells that are hard-wired to control fixed groups of lights independently, and connected to the terminals with wireless standard protocols (Zigbee, Wifi, Bluetooth and etc.).
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Competitive Insights
Key players in the Wireless Smart Lighting Controls market cover GELighting, PHILIPS, TVILIGHT, Osram, Lutron. Other players in the Wireless Smart Lighting Controls market are Telematics, Control4, Echelon, DimOnOff, Venture Lighting, Cimcon, Petra Systems, Honeywell, Murata, Schneider Electric, Legrand, Huagong Lighting, Zengge, and others.
Regional Insights
In 2018, the global Wireless Smart Lighting Controls market was mainly concentrated in the three regions of North America, Asia-Pacific, and Europe, with the market share of 32.66%, 29.58%, and 27.49% respectively, accounting for a total of 89.73%.
North America is projected to show moderate growth during the forecast period owing to increasing adoption of smart lighting solutions by private companies and in the commercial sector. Due to the booming industrialization, the Asia Pacific region is anticipated to be the fastest growing region during the forecast period. Moreover, growing urbanization and changing lifestyles, as well as the need for energy-optimized infrastructure in residential and commercial buildings, are driving regional market growth. Europe is expected to witness growth in the following years due to the escalating smart lighting solutions in the residential sector.
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By product type, the Wireless Smart Lighting Controls market is segmented into Zigbee, Wifi, Bluetooth, Z-Wave, and Enocean.
Based on application, this market is divided into Outdoor, Residential, Commercial, and Industrial.
Audience
l Wireless Smart Lighting Controls manufacturers
l Raw material suppliers of Wireless Smart Lighting Controls
l Distributors and resellers of Wireless Smart Lighting Controls
l Wireless Smart Lighting Controls industry associations
l Product managers, Wireless Smart Lighting Controls industry administrator, C-level executives of the industries
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