Smart Commercial Lighting Market Expected to Grow at a CAGR of 20.8% from 2016 to 2022

October 3, 2018

The multibillion dollar smart commercial lighting market started witnessing growth from the beginning of the current decade, supported by energy saving lighting solutions, government support and growing demand for the IOT based solutions. Despite this, certain factors such as high cost, cyber threats and lack of awareness may still affect the growth of the smart commercial lighting market. 

A report produced by HTF Market Intelligence estimates the smart commercial lighting market wull grow at a CAGR of 20.8% during the forecasted period from 2016 to 2022.

A demand for tsmart energy infrastructure and green buildings is helping the commercial smart lighting market to expand in the Americas and Europe. Wireless technologies and smart network components such as sensors are supporting the growth of this market. These network components help in secure and reliable transfer of data between the connected devices. A few of the smart lighting lamps available today include Bluetooth enabled compact fluorescent lamps (CFL),Wi-Fi enabled LEDs, and ZigBee enabled lighting systems. Key vendors include Philips Lighting, GE lighting, Acuity Brands Inc. and Google Inc. The report also talks about companies to watch for such as Smart Lighting Engineering (SLE), LED Roadways Lighting Ltd. (LRL), LIFX, Digital Lumens, and Enlighted Inc.

Find out more: https://www.htfmarketreport.com/reports/164851-smart-commercial-lighting-technologies-1.

Related Articles

Changing Scene

Design

  • Eralux: Curling Club Lighting Project Highlight

    Eralux: Curling Club Lighting Project Highlight

    This installation exemplifies the versatility of Eralux Titan Elite, enabling the Curling club to cater to various needs such as general play, broadcast, and ice maintenance. The individual control of fixtures offers the flexibility to optimize ice coverage effectively. Moreover, the Eralux Titan Elite high bay, featuring rotating lenses, illuminates all areas, including dark corners,… Read More…

  • Artika: Outdoor Wall Lighting Ideas – Security, Style & Curb Appeal

    Artika: Outdoor Wall Lighting Ideas – Security, Style & Curb Appeal

    Strategic outdoor wall lighting combines bright entry fixtures (700-1,000 lumens) at doors, accent sconces highlighting architectural features, and porch lighting that creates welcoming curb appeal while deterring intruders and ensuring safe navigation. Your home’s exterior walls offer the perfect canvas for lighting that serves multiple purposes simultaneously. Well-positioned outdoor wall lights provide security at vulnerable… Read More…

New Products

  • Cooper Lighting: WaveLinx LITE Contact Closure Input (CCI-L-V)

    Cooper Lighting: WaveLinx LITE Contact Closure Input (CCI-L-V)

    The WaveLinx LITE Contact Closure Input (CCI-L-V) is a WaveLinx LITE device that provides the ability to take inputs from other devices, like fire alarm panels, keyed switches, or other devices, incorporating momentary or maintain actions to allow the system to respond to demand response, alert mode, after hours occupancy or a sensor input. Read More…

  • Signify: Philips Smart Lighting Turns the Home into an Experience

    Signify: Philips Smart Lighting Turns the Home into an Experience

    Lighting is stepping out of the background and into the spotlight as Philips Smart Lighting expands its Wi-Fi-based smart lighting portfolio. The new products are designed to help people shape spaces that reflect their mood, personality and lifestyle through lighting that adapts effortlessly to every moment. Building on its existing range of smart bulbs and… Read More…