Worldwide Connected Lighting Market [Systems, Services (Professional, Support, LaaS); Deployment (Turnkey, Retrofit); Environment (Indoor, Outdoor); Applications (Residential, Commercial, Public Spaces)]: Market Sizes and Forecasts (2017 – 2022)
The report on the Connected Lighting market provides an in-depth analysis of the market size, forecasts and opportunities of connected lighting systems and connected lighting services targeted at residential, commercial, and public-sector applications. Connected Lighting services analyzed in the study include Design, Support and Maintenance, Managed Services and Lighting-as-a-Service (LaaS). The study includes market analysis of connected lighting solutions segmented by types of deployments – Turnkey and Retrofit, and by types of Environments – Indoor and Outdoor.
Further to this, the report also provides the market data for connected lighting in multiple segments across applications. Market sizes and forecasts for connected lighting has been provided for Warehouses, Factories, Garages, Hospitals, Offices, Stores, Hospitality among others. For Public space applications, market data has been provided for Streets, Tunnels, Arenas, Parks, Bridges, Monuments among Others. Additionally, the report also covers the market opportunities, sizes, and forecasts in connected lighting across five regions – North America, Europe, Asia-Pacific, Central America, and Latin America (CALA), and Middle-East and Africa (MEA).
Arcluster’s 2017 Connected Lighting market report also includes insights into key market requirements gathered from users, buyers, home owners, businesses, enterprises, factories, stores, among others. The study also covers key demand side ratings such as ratings across regions for connected lighting deployment types, services, benefits, application ratings, and adoption timelines. The analysis in this report will help market participants, vendors, suppliers, system integrators, channel players, manufacturers, and value-added resellers (VARs) to develop strategies, marketing goals and business decisions based on the actionable market intelligence from this report.
This report has been built on a rigorous period of information gathering from both secondary and primary sources through several interviews with industry participants, manufacturers, suppliers, vendors, business owners, consultants, organizations, and regulators. Data gathered from these interviews and surveys was curated, analyzed, and engineered to understand buying, spending, demand, and supply patterns and to estimate market sizes and forecasts. The resultant data was checked for applicability across value chains through market-data associations and then further validated through multiple check points to check consistencies, error samples, variances. The 2017 syndicated study report on the Connected Lighting market is part of an ongoing series of market reports that focus on micro emerging trends in the Home Automation, Smart Buildings and IoT markets across multiple regions and countries.
Questions answered in the Connected Lighting Market Report.
1) What is the market size of connected lighting solutions in 2017?
2) How big is the market opportunity for connected lighting systems and services over the next 5 years?
3) What are the different market segments and how much is the revenue forecast in each segment?
4) Which applications are the most opportunistic for lighting systems?
5) What are the companies in this space and what do they offer?
The connected lighting market is segmented by
Digital and Internet of Things are set to play a major role in the future of home, commute, and work. Technology adoption in this space is growing at a rapid pace, engulfing, and disrupting multiple applications. One such area is lighting. Being one of the oldest and critical industries, lighting is being disrupted in a significant way by a new wave of intelligence, control, data, and analytics.
Smart buildings and offices are driving a major part of this growth, by adopting connected lighting solutions that deliver increased operational efficiencies with lowered operating costs. The value-creation that the digital ecosystem brings for the connected lighting space is important. The ability of lighting systems to offer deep insights into usage and optimizations leads to enhanced utilization of resources, thereby resulting in higher cost savings.
Not limiting to its potential in delivering critical business advantages, connected lighting also leads a path towards creating other connected applications and services that have far reaching potential into the workplace, home, and in the public sector. Connected lighting augments well into the digital future by creating deeper integration opportunities and creates a new value chain for solutioning and delivery. With, more customers actively pursuing both turnkey pilots and retrofit implementations, mass market adoption is now only a function of time.
Connected lighting is the digital evolution of a traditional industry. It is reshaping the world by making things to be seen in a new evolutionary light. The market opportunity for connected lighting is significant and offers a value-driven opportunity for providers, manufacturers, suppliers, distributors, technology players, resellers, and integrators. Arcluster forecasts the worldwide Connected Lighting market to reach $20.5 billion in revenues in 2022.
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