Smart Lighting Market (Sensors, Controllers, and Chipsets) estimated to reach $6,747.95 Million by 2018 – New Report …

(PRWEB) September 01, 2014

According to a new market research report "Smart Lighting Market (2013 - 2018): By Component (Sensors, Controllers, Chipsets, Others); Lighting Type (Led, FL, CFL, HID); Connectivity (Wired, Wireless); Application (Commercial, Industrial, Public, Government, Residential) & Geography", the total market is expected to reach $6,747.95 million by 2018, at a CAGR of 36% from 2013 to 2018.

Browse 82 market data tables with 36 figures spread through 298 pages and in-depth TOC on Smart Lighting Market http://www.marketsandmarkets.com/Market-Reports/smart-lighting-market-985.html

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The term "Smart Lighting" refers to the environment controlled by lighting control systems. In brief, lighting control systems use factors such as occupancy, available daylight, and time of day to turn lights on or off accordingly, thus providing noteworthy energy and cost savings. There is a demand supply gap in the power sector and to overcome this problem smart lighting is a perfect solution.

The demand of intelligent lighting controls for lighting is increasing in a tremendous way and this further supports the exponential growth potential of smart lighting. This report covers the Global Smart Lighting market" and all its market aspects with future opportunities, drivers, restraints and others in detail.

Lighting control systems energy efficiency, development in electronics and sensor technology, eradication of incandescent lamps, favorable government policies and evolution of novel wireless technology are the key drivers behind the incredible growth of smart lighting market.

This report describes different lighting types used in Smart lighting control systems such as light emitting diode (LED), fluorescent lamps (FL), compact fluorescent lamps (CFL), and high intensity discharge lamps (HID). Among all the other lighting types, LED lamps offer highest growth potential which is appealing many startups and big players to develop smart lighting solutions such as GreenWave realitys GreenChip-enabled light bulb, NXPs GreenChip iSSL wireless solution for LED bulbs and Philips Hue smart LED bulb.

The report also explains various components used in the smart lighting market such as sensors, controllers and chipsets. The market for these components is also expected to have a high potential in the upcoming future.

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Smart Lighting Market (Sensors, Controllers, and Chipsets) estimated to reach $6,747.95 Million by 2018 - New Report ...