Smart lighting or intelligent lighting is designed to manage the luminance remotely. It ensures the energy efficiency and comprises automated controls & highly efficient fixtures that could be adjusted depending on conditions for instance occupancy and external lighting. Lighting is an intended use of light to add the practical & aesthetic effect to space. Moreover, these systems include accent, general, and task lighting. Apart from this, smart lighting systems ensure the lower energy usage as well as high cost savings.
As per analysis, “Europe Smart Lighting Market 2020-2030 by Offering, Lamp Type, Installation Type, Communication Technology, Application, End User, and Country: Trend Outlook and Growth Opportunity” the key companies operating in the Europe smart lighting market include SYSKA LED Lights, Lutron Electronics Co., Inc., Zumtobel Group AG, OSRAM Licht AG, Eaton Corporation PLC., Philips Lighting, Koninklijke Philips N.V., General Electric, Acuity Brands Inc., Legrand, Cree, Inc., Digital Lumens, Inc., Cisco Systems, Inc. and among others. The renowned players have adopted a variety of key strategies including product launch, partnership, acquisition, collaboration, and agreements to drive the market and enhance their net sales. Additionally, prominent strategies like products launch and business expansion are adopted by key players to reinforce their business reach & position in the regional smart lighting market analysis.
On the basis of offering, Europe smart lighting market can be divided as software (local/web-based software and cloud-based software), hardware (lighting controls and lights & luminaries), services by type (Lighting-as-a-Service (LAAS) and smart-hone application) and services by process (installation, design & engineering and post-installation). On the basis of lamp type, market can be divided as high intensity discharge lamps, compact fluorescent lamps, fluorescent lamps, LED lamps and others. On the basis of installation type, market can be divided as retrofit installation and new installation. On the basis of communication technology, market can be divided as wired technology (wired hybrid protocols, power over Ethernet, proprietary control, Power Line Communication (PLC), Digital Addressable Lighting Interface (DALI), Building Automation & Control Network (BACnet) and others) and wireless technology (wireless hybrid protocols, zigbee, Wi-Fi, Bluetooth/Bluetooth low energy and ocean. On the basis of application, market can be divided as outdoor lighting and indoor lighting. In addition, on the basis of end-user, market can be divided as public infrastructure, residential, commercial and industrial.
The Europe smart lighting market is driven by growth in energy efficiency, followed by favorable government policies, growth in evolution of wireless technologies, development in electronics & sensor technology, high growth in street lighting system & eradication of the incandescent lamps and growth of LED. However, high cost of technology, incompatible wireless communication solutions, lack of awareness among people & organizations and incentives by government may impact the market. Moreover, integration of smart lighting with systems for instance parking- lot lights, traffic lights, pollution sensors and energy meters to form the smart city is a leading opportunity for market.
It is predicted that future of the Europe smart lighting market will be optimistic as a result of presence of key players coupled with rise in demand from commercial buildings, automobiles applications and outdoor lighting across the region.
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Ankur Gupta, Head Marketing & Communications