The global wireless lighting market is anticipated to be valued at US$ 1,31,896 million by 2022. Wireless lighting, also known as smart lighting, is predicted to increase at a 3.48% CAGR over the forecast period. Against this backdrop, the overall wireless lighting market is anticipated to reach at US$ 1,85,672 million by 2032.
With the appropriate technique of time and altering consumer wants, the interest for cutting edge lighting foundation at many applications, including as private, advertisements, and others, grew. As a result, wireless lighting with built-in sensors and regulators appear.
The Wireless Lighting Market frameworks, aside from going about as lighting arrangement, it fills different another need, for example, inhabitance detecting, movement location and other, which help customers in their everyday daily practice and furthermore helps in lessening power bills by restricting and controlling the utilization of light, on the off chance that no inhabitance is identified.
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Wireless Lighting Market: Drivers and Restraints
Surge in demand for better and advance lighting infrastructure to save energy is the major factor driving the growth of the wireless lighting market during the forthcoming years.
Owing to various benefits associated with wireless lighting solution such as non-destructive installation, mobility, ease of use and others are promoting adoption better lighting infrastructure and thus, act as a major factor spurring the growth of the wireless lighting market. However, the high price of wireless lighting product is the major factor hampering the growth of wireless lighting markets in forthcoming years.
Global Wireless Lighting Market: Competitive Landscape
The major participant associated with wireless lighting market includes Panasonic Corporation, GE Lighting LLC, Schneider Electric S.E, Acuity Brands Lighting, Inc., Hubbell Lighting, Inc., Honeywell International, OSRAM Licht AG, Eaton Corporation, CREE Inc., and Royal Philips NV.
The other players operating in the wireless lighting market includes Leviton Manufacturing Co., Inc., Lutron Electronics Co., Inc., Glamox lighting, Lifi Labs Inc., Switchmate Home LLC., IKEA, Disano Illuminazione S.p.A, and EGLO Leuchten GmbH.
- In April 2017, the OSram AG launched SIMPLU X. The product is a wireless lighting control system, which is designed for small- to mid-sized workplace. The SIMPLUX wireless lighting control system can be used in commercial offices, schools, warehouses, and places where adopting a wired solution is complex to achieve.
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Global Wireless Lighting Market: Regional Trend
Due to increasing inclination towards the adoption of better lighting products in emerging economies such as China, India is the major reason, significantly promoting the growth of the wireless lighting market. Further, increase in demand for energy efficient lighting solution is the other the key reason driving the adoption of the wireless lighting market during the forecast period.
Wireless lighting products can be installed in those areas, where providing wiring infrastructure is difficult, owing to which the demand for wireless lighting solution is projected to increase in developed regions such as North America and Western Europe.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
Key Segments Profiled in the Wireless Lighting Industry Survey
By Product:
- Wi-Fi
- Z-Wave
- ZigBee
- Bluetooth
- Enocean
By Application:
- Residential
- Commercial Buildings
- Government offices and building
- Street Lighting
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East and Africa
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