North America Smart Lighting Market Trends, Demand, Survey till 2024
Category: #reports  By Madhuri Pawar  Date: 2019-02-22
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North America Smart Lighting Market Trends, Demand, Survey till 2024

The Graphical Research report provides a comprehensive analysis of the “North America Smart Lighting Market based on Application, Component, Lighting Source, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2018 - 2024”, predicted to cross USD 6 billion by 2024.

The North America smart lighting market growth is attributed to the growing emphasis on implementing smart lighting initiatives by replacing conventional lighting systems with energy-efficient smart lighting solutions in the U.S. and Canada. In October 2016, the U.S. Department for transportation invested USD 165 million in smart city technologies, leveraging the IoT-operated devices such as smart lights, sensors, and meters for the maintenance of the safety on roads due to connected street lights, in turn, reducing the energy consumption. The San Francisco Public Utilities Commission (SFPUC) replaced around 18,500 streetlights with highly efficient light emitting diodes. The adoption of these smart lighting solutions will reduce the energy consumption by 50%, reducing the electricity costs and improving the environmental efficiency. These initiatives are paving the way for further significant adoption of smart lighting systems in the region.

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Some of the key vendors in the North America smart lighting market are Silver Spring Networks, Hubbell, Zumtobel, Tvilight, Schneider Electric, Philips Lighting, GE Lighting, Cooper Industries (Eaton), Cree, Acuity Brands, and Bridgelux.

The technology market is expected to register a robust growth between 2018 and 2024 with a CAGR of around 30%. The increasing integration of different wireless communication technologies such as Bluetooth, Wi-Fi, and Zigbee into the smart lighting solutions is aiding the consistent growth of the technology market in the region. Modern smart lighting solutions will upgrade the connectivity as Wi-Fi hotspots will help in improving public and traffic safety by assisting in the implementation of smart navigation and parking technologies. Hence, the Wi-Fi segment is expected to grow at a robust CAGR of over 35% during the forecast period.

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https://www.graphicalresearch.com/industry-insights/1024/north-america-smart-lighting-market

Segments We Cover:

North America Smart Lighting Market, By Lighting Source
LED
Fluorescent Lamp
CFL
HIDL

North America Smart Lighting Market, By Component
Product
Luminaires
Light Control
Technology
Wired
Wireless

North America Smart Lighting Market, By Application
Indoor Lighting
Outdoor Lighting

The above information has been provided for the following regions and countries:
U.S.
Canada

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Related Reports:

  1. Europe Smart Lighting Market Size By Component (Product [Luminaires, Light Control], Technology [Wired {PLC (Power Line Control), PoE (Power over Ethernet), DALI (Digital Addressable Lighting Interface), Hybrid}, Wireless {Bluetooth, Zigbee, Wi-Fi, EnOcean, Hybrid}]), By Lighting Source (LED, Fluorescent Lamp, CFL (Compact Fluorescent Light), HIDL (High Intensity Discharge Lamp), By Application (Indoor Lighting [Residential, Commercial, Industrial], Outdoor Lighting [Highways & Roadways, Public Places, Bridges & Tunnels]), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2018 – 2024
  2. At 7% CAGR, North America Identity and Access Management (IAM) Market Set to Register 7 billion USD by 2024

     

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About Author

Madhuri Pawar

Email: [email protected]   

Madhuri Pawar

A post graduate in Electronics and telecommunication field, Madhuri writes for News.Marketsizeforecasters.com and carries a rich experience in digital marketing, exploring how the online world works from a marketing perspective. her other areas of interest include rea...

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