Florida, December 26, 2017: The smart commercial lighting market is a highly competitive market and it is estimated to reach $ 48.12 billion by 2022.

    Globally, Retail and Healthcare will be the leading industry verticals which will be spending a lot in the smart commercial lighting market. Smart CFL and LED lighting lamps will slowly replace the global outdoor lighting such as street lighting and sports stadiums in coming years.

    Market Research Engine predicts intelligent LED lighting lamps will dominate the smart commercial lighting market. As per the study, Smart Commercial Lighting market will see a significant growth in the coming years due to the growing number of global smart cities and growing awareness regarding energy efficient lighting solutions. The ZigBee and Wi-Fi network technologies will continue to be preferred technologies in the smart commercial lighting market.

     “In coming years, smart commercial market is going to witness double digit growth in developing economies of Asia-Pacific, Middle East and Africa (MEA). Increase infrastructure spending and government push are few factors supporting the growth of market in these economies.”

    Browse Full Report: https://www.marketresearchengine.com/reportdetails/smart-commercial-lighting-market

    The report aims to highlight key insights from Vendors and End users. The report provides an in-depth analysis and forecast about the industry covering the following key features:

    • Connectivity Technologies, Lighting Lamps, Network Components and Industry Applications.
    • The market is divided into four regions: America, Europe, Asia-Pacific, and Middle East & Africa (MEA).
    • Competitive benchmarking analysis to optimize short term and long term strategy of the organisations.
    • Stakeholders’ insights and key trends (current and future) of the market.

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    Table of Contents

    1 INTRODUCTION

    2 Research Methodology

    3 Executive Summary

    4 Premium Insights

    5 Market Overview

    5.1 Introduction
    5.2 Market Evolution
    5.3 Market Segmentation
    5.3.1 By Light Source
    5.3.2 By Product Type
    5.3.3 By Communication Technology
    5.3.4 By Application
    5.3.5 By Software & Service
    5.3.6 By Geography
    5.4 Market Dynamics: Smart Lighting Market
    5.4.1 Drivers
    5.4.1.1 Demand for Smart Lighting is Being Driven By the Modernization and Development of Infrastructure Such as Smart Cities
    5.4.1.2 Increased Demand for Intelligent Solutions for Street Lighting Systems
    5.4.1.3 Need for Energy-Efficient Lighting Systems
    5.4.1.4 Acceptance of Standard Protocols for Lighting Control
    5.4.2 Restraints
    5.4.2.1 Lack of Awareness Regarding Installation Costs and Payback Periods
    5.4.2.2 Security and Privacy Issues Inhibit the Growth of Smart Lighting
    5.4.3 Opportunities
    5.4.3.1 Development of Wireless Technology for Smart Lighting Systems
    5.4.3.2 Adoption of Smart Lighting for Smart Cities
    5.4.3.3 Consumer Awareness About the Importance of Energy Saving
    5.4.3.4 Development of IoT Technology in the Field of Smart Lighting
    5.4.4 Challenges
    5.4.4.1 Lack of Common Open Standards

    6 Industry Trends

    7 Smart Lighting Market, By Light Source

    8 Smart Lighting Market, By Product Type

    9 Smart Lighting Market, By Communication Technology

    10 Smart Lighting Market, By Application

    11 Smart Lighting Market, By Software & Service

    12 Geographic Analysis

    13 Competitive Landscape

    14 Company Profiles

    14.1 Introduction

    14.2 Philips Lighting Holding B.V.

    14.3 Acuity Brands Lighting, Inc.

    14.4 General Electric Company

    14.5 OSRAM Licht AG

    14.6 Honeywell International Inc.

    14.7 Legrand S.A.

    14.8 Schneider Electric SE

    14.9 CREE, Inc.

    14.10 Cooper Industries, Inc.

    14.11 Digital Lumens, Inc.

    14.12 Lutron Electronics Co., Inc.

    14.13 Streetlight.Vision

    14.14 Koninklijke Philips N.V.

    14.15 Cyan Technologies Plc.

    14.16 John Cullen Lighting

     

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    Source: http://www.financeswire.com/global-smart-commercial-lighting-market-share-will-increase-us-48-00-billion-by-2022