Next-Gen Smart Lighting Systems Revenues to Hit $1B by 2020


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In a new report, “Smart Lighting Market Opportunities: Smart Bulbs and the Rise of Local Lighting Intelligence,” NanoMarkets concludes that the market for these new systems (bulbs and hubs combined) will reach just over $1 billion by 2020.  This report is based on NanoMarkets ongoing program of industry analysis covering the advanced lighting business.

NanoMarkets sees 2015 as a breakout year for smart lighting with the next-generation of smart lighting systems emerging. There is a new emphasis on local intelligence; smart bulbs in particular and a shift from energy efficiency to mood lighting.  Smart bulbs can be controlled over the Internet using a smartphone, are now widely available

About the report

 In addition to analyzing the products and markets for the new smart lighting, this report also includes a granular eight-year forecast for smart lighting with breakouts by type of lighting (residential, industrial and commercial, public buildings and outdoor) and market geography.  These forecasts are presented in both volume and value terms, with hubs and smart bulbs forecast separately.  The report also profiles the strategies of 20 companies.

Companies discussed in this report include: Acuity Brands, Belkin, Cree, Daintree, Echelon, Elgato, Fujikom, GE, Greenwave Systems, Honeywell, Insteon, LG, LIFX, Lutron, Osram, Panasonic, Philips, Samsung, Sensity Systems, Tabu, Toshiba, and TCP.

For more details of the report click here.

 

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