The worldwide wireless lighting market is scheduled to top a valuation of USD 1,31,896 million in 2022. Deals of wireless lighting, otherwise called shrewd lighting, are supposed to increment at a 3.48% CAGR over the estimated period. Against this scenario, the absolute wireless lighting market size will arrive at USD 1,85,672 million by 2032.
With the proper method of time and changing customer needs, begat the interest for cutting edge lighting foundation at a different application, for example, private, ads, and others. Attributable to which the wireless lighting items with inbuilt sensors and regulators appear.
The Wireless Lighting Market frameworks, aside from going about as lighting arrangement, it fill different another need, for example, inhabitance detecting, movement location, and others, 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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Accordingly, with a developing requirement for better lighting arrangement, the interest in effective wireless lighting items is projected to increase.
Wireless Lighting Market: Drivers and Restraints
The surge in demand for better and more advanced 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 solutions such as non-destructive installation, mobility, ease of use and others are promoting the adoption of 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 products is the major factor hampering the growth of wireless lighting markets in forthcoming years.
Global Wireless Lighting Market: Competitive Landscape
The major participants associated with the wireless lighting market include 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 include 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.
Global Wireless Lighting Market: Regional Trend
Due increasing inclination towards the adoption of better lighting products in emerging economies such as China, and India is the major reason, significantly promoting the growth of the wireless lighting market. Further, the increase in demand for energy-efficient lighting solutions is the other 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 solutions 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, applications, and industries.
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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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