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Global Smart Light Fixture (LED, HID), Control (Sensor, Ballast, Relays & Switches) & Services Market: 2015-2020DUBLIN, January 29, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/ft9htk/global_smart) has announced the addition of the "Global Smart Light Fixture (LED, HID), Control (Sensor, Ballast, Relays & Switches) & Services Market: 2015-2020" report to their offering. Smart lighting fixture and control market finds base across a plethora of applications broadly segmented as Residential, Commercial, and Others. Commercial applications are poised to become the dominant revenue contributors through the forecast period, riding high on sub segments such as hospitality, retail, and office buildings. The market for smart street lighting is gradually picking up pace and is expected to account for the largest market revenue in the Other application segment in the industry. The smart lighting fixture and control market has also been estimated on the basis of the geographical distribution for the four key regions namely-North America, Europe, Asia Pacific, and Middle East. The current scenario implies the hegemony of APAC region with a market share of $8.17 billion in 2014, followed by North America with a market share of $6.29 billion. APAC with countries such as Taiwan, South Korea, and Japan will continue this trend of dominance through the forecast period also maintaining the highest CAGR of 21.26% from 2015 to 2020. Since 2011, the market has gained attraction of numerous established players from the lighting industry, enabling a higher level of market activity in the industry. Osram expanded its presence in the smart lighting and control market with the acquisition of Siteco, adding an extensive range of modern products to its portfolio of indoor and outdoor luminaries. Even in the control market Eaton Corporation completed a $13 billion acquisition of Cooper Industries adding its proven capabilities in utility power distribution, smart grid, lighting, lighting controls, wiring devices, and safety solutions to Eaton's portfolio in power quality, power distribution and energy services. The competitive benchmarking and subsequent landscaping identified some of the key players in the market such as GE Lighting, Philips, Osram, Cree, Acuity Brands, Eaton's Cooper Lighting, Leviton, Lutorn, Control4, and Marvell Semiconductor among others. Key Topics Covered: 1 Executive Summary 2 Market Dynamics 3 Smart Lighting Market By Lighting Type 4 Smart Light Market By Components 5 Smart Lighting & Control System Application Market 6 Smart Lighting Market By Geography 7 Competitive Landscape (Controls) 8 Competitive Landscape (Lights) 9 Company Profiles (Component Manufacturers) 10 Company Profiles (Light Manufacturers)
SOURCE Research and Markets |