Energy resources have turned expensive and scarce with time and indiscriminate use. As there are multiple use of various energy resources, solar energy can be stored in various other forms. The humongous use of electricity has propelled the demand for smart lighting and control systems, as they are energy efficient and have automated control system. The benefits of smart lighting and control system includes energy optimization since luminance levels can be adjusted as per the ambiance, infrastructure, intensity of day light, and extent of occupancy through control systems. Due to environmental concerns and constant efforts to reduce greenhouse emission, the demand for smart lighting technologies has accelerated. Furthermore, countries are focusing to reduce the consumption of electricity. This is expected to boost the global smart lighting and control systems market.
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Recently, the German engineering conglomerate Siemens has devised a new device based on chip and sensor imbued lighting controls, services and systems, and internet connected that is built through analysis and data collection. The product launch occurred after Siemens acquired three smaller companies specializing in the Internet of Things (IoT) controls of lighting and building operations and a startup which operates an app named Comfy, meant to enables office workers better manage their lights and building systems. Developments such as this leading to more evolved products and systems is reshaping the contours of the market.
Various factors are increasing the demand for smart lightings. Some of these are:
The increasing consumption of electricity in commercial, industrial, and in residential sectors to increase deployment of smart lighting and control systems.
The increasing penetration of Internet of Things (IoT) is also expanding the capacity of the smart lighting and control system market across the globe.
The demand for smart lighting is expected to grow with its integration with smart phones.
The smart lighting and control systems have variety of devices such as fluorescent lamps and compact fluorescent lamps, high intensity discharge lamps, and light emitting diodes (LED). The market for LED has grown many folds for its high energy saving and low carbon emission.
Smart lighting and control systems also manufactures products for outdoor, commercial, industrial, and residential lighting.
Due to high adoption of technology and increasing emphasis to control the harmful effects of electricity consumption on the environment, the use of smart electrical devices has increased. Regionally, North America is dominating the global smart light and control system market as it exhibits constant technological advancements and due to deliberate efforts made for minimizing carbon emission. In addition, emerging nation such as South America, Asia Pacific, and the Middle East and Africa are also making persistence effort to bring in the use of smart lights in the regular consumption. While Koninklijke Philips N.V., General Electric Company, and Eaton Corporation, Lightwave PLC are some of the prominent players in the global smart lighting and control system market.
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