Smart or connected lighting is referred as an LED-based system with sensors & controllers that are networked and enable the lighting products within a system to communicate with each other as well as transmit data. Smart LED light includes different software that connects to the smart home assistant, an application, or any other accessory to automate the lights or to control them remotely, which eventually eliminates the requirement for traditional wall switches. Owing to all this advancement in the technology, smart lighting market is booming.
As per analysis, “Asia Pacific Smart Lighting Market 2020-2030 by Offering, Lamp Type, Installation Type, Communication Technology, Application, End User, and Country: Trend Outlook and Growth Opportunity” the key companies operating in the Asia-Pacific smart lighting market include Koninklijke Philips N.V., Cisco Systems, Inc., General Electric, Lutron Electronics Co., Inc., Honeywell International Inc., Digital Lumens, Inc., Cree, Inc., Acuity Brands Inc., OSRAM Licht AG, Zumtobel Group AG, Legrand, Acuity Brands Inc. Philips Lighting, Eaton Corporation PLC, SYSKA LED Lights and among others. All of these renowned market players are dealing in both organic as well as inorganic growth strategies so that their position in the regional market should be strengthened. The players are constantly working on new product development strategies to increase their market share with integration of advanced technology with wireless technology.
By lamp type, Asia-Pacific smart lighting market can be segregated as fluorescent lamps, compact fluorescent lamps, LED lamps, high intensity discharge lamps and others. By offering type, market can be segregated as hardware, software, services by process and services by type. Hardware includes lighting controls and lights & luminaries. Software includes cloud-based software and local/web-based software. Services by process include design & engineering, installation and post-installation. By communication technology, market can be segregated as wired and wireless technology. Wired technology includes Power Line Communication (PLC), wired hybrid protocols, proprietary control, Building Automation & Control Network (BACnet), power over Ethernet, Digital Addressable Lighting Interface (DALI) and others. Wireless technology, market can be segregated as Zigbee, enocean, Wi-Fi, wireless hybrid protocols, Bluetooth/Bluetooth low energy and others. By installation type, market can be bifurcated as new & retrofit installation. By application type, market can be segregated as indoor and outdoor lighting. Additionally, by end-user, market can be segregated as residential, industrial, commercial and public infrastructure.
Growth in acceptance of standard protocols for lighting control systems, followed by integration of lighting solutions with smart devices, rise in use of LED lights & luminaries in outdoor lighting, increase in government initiatives & policies for energy savings and rise in advent of integrated lighting control systems are some major factors, which are responsible for growth of the Asia-Pacific smart lighting market. Apart from this, security & reliability issues with IoT-based lighting systems are major hindering factors for market. Moreover, rapid transition from traditional lighting to connected lighting solutions and advancements in wireless communication technology are leading opportunities for market. Furthermore, an interoperability issue between different network components is a major challenge for market.
It is predicted that future of the Asia-Pacific smart lighting market will be bright as a result of growth in awareness among the people for concerning the environment coupled with rise in technology during the forecast period.
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Ankur Gupta, Head Marketing & Communications
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