Outlook on the Worldwide Smart Lighting Industry to 2026 – Key Drivers and Restraints – ResearchAndMarkets.com – Business Wire

DUBLIN--(BUSINESS WIRE)--The "Global Smart Lighting Market Analysis 2020" report has been added to ResearchAndMarkets.com's offering.

The Global Smart Lighting market is expected to reach $40.02 billion by 2026 growing at a CAGR of 19.5% during 2018 to 2026. A smart lighting system is utilized to reduce greenhouse emissions by means of inert infrared and tenancy sensors. There are wired and non-wired smart lighting systems that are used for the power-saving function in the residential, commercial, and industrial sectors.

Factors such as increasing acceptance of Li-Fi technology, mounting number of stylish city development initiatives across the globe and growing demand for energy efficient lighting are driving the market growth. Though, short of installation and payback awareness is restraining the market. Development in lighting control is the opportunity for the Smart Lighting market.

Based on end user, outdoor segment is anticipated to grow at the significant rate during the forecast period, due to the mounting focal point on enhancing connectivity by constructing roads and installing smart lights intended for these roads, particularly in the rising countries in the APAC region. This, in turn would spur the development of the outdoor market.

Companies Mentioned

Key Questions Answered in this Report:

Key Topics Covered:

1 Market Synopsis

2 Research Outline

2.1 Research Snapshot

2.2 Research Methodology

2.3 Research Sources

2.3.1 Primary Research Sources

2.3.2 Secondary Research Sources

3 Market Dynamics

3.1 Drivers

3.2 Restraints

4 Market Environment

4.1 Bargaining power of suppliers

4.2 Bargaining power of buyers

4.3 Threat of substitutes

4.4 Threat of new entrants

4.5 Competitive rivalry

5 Global Smart Lighting Market, By Installation Type

5.1 Introduction

5.2 Retrofit Installations

5.3 New Installations

6 Global Smart Lighting Market, By Offering

6.1 Introduction

6.2 Software

6.3 Services

6.4 Hardware

7 Global Smart Lighting Market, By Lighting Technology

7.1 Introduction

7.2 Light Emitting Diode

7.3 Incadescent

7.4 Fluorescent

7.5 Halogen

7.6 High Intensity Discharge Lamps

7.7 Neon Lighting

8 Global Smart Lighting Market, By Communication Technology

8.1 Introduction

8.2 Wireless

8.3 Wired Technology

9 Global Smart Lighting Market, By End User

9.1 Introduction

9.2 Outdoor

9.3 Indoor

10 Global Smart Lighting Market, By Geography

10.1 Introduction

10.2 North America

10.3 Europe

10.4 Asia Pacific

10.5 South America

10.6 Middle East & Africa

11 Strategic Benchmarking

12 Vendors Landscape

For more information about this report visit https://www.researchandmarkets.com/r/kzknwm

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Outlook on the Worldwide Smart Lighting Industry to 2026 - Key Drivers and Restraints - ResearchAndMarkets.com - Business Wire