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

  • LIT Design Awards Light Art Project Winner: Integral Group

    LIT Design Awards Light Art Project Winner: Integral Group

    December 19, 2022 Prize(s) Winners in Light Art Project Company Integral Group Lead Designers Ellie Niakan + Catherine Chan Photo Credits Catherine Chan Completion Date December 21, 2021 Project Location New Westminster, British Columbia, Canada Although appearing as solitary, trees are connected to one another through vast underground systems known as mycorrhizal networks. Through these hidden systems—a symbiotic relationship between plants… Read More…

  • LIT Lighting Design Awards: Capital Park Landscape, Victoria, BC

    LIT Lighting Design Awards: Capital Park Landscape, Victoria, BC

    December 5, 2022 Located in one of Victoria’s most historic neighborhoods, the Capital Park Mixed-Use Development is made up of seven buildings stretching across three lots and is responsible for nearly an entire city block of Victoria’s downtown core. The project took place over the span of three phases and eight years. The first phase… Read More…


New Products

  • Legrand Shading Systems Announces Cord Keeper for Safe, Compliant Chain-Operated Shades

    Legrand Shading Systems Announces Cord Keeper for Safe, Compliant Chain-Operated Shades

    February 3, 2023 Compliant With Regulations in the U.S. and Canada, the Cord Keeper Provides Safety and Peace of Mind in Commercial and Residential Applications Legrand Shading Systems today introduced Cord Keeper, a safe, compliant solution for chain-operated shades. Legrand’s Cord Keeper provides safety and peace of mind for commercial and residential applications using manual… Read More…

  • Stanpro Edge-Lit Ceiling Light with Motion Detection

    Stanpro Edge-Lit Ceiling Light with Motion Detection

    February, 3, 2023 The LED edge-lit ceiling luminaire with integrated motion sensor has a sleek design including an embedded PIR (Passive Infrared) sensor. This luminaire helps save energy by automatically turning on when motion is detected and off when there is no motion. In addition, it can be easily installed, with a twist-lock installation, flush to a… Read More…