pune, India -- (SBWire) -- 05/18/2018 --Market Scenario:

The outdoor light emitting diode smart lighting market is growing because of the low cost of the LED and efficient working of it. LEDs are small, solid light bulbs which are extremely energy efficient and long lasting. The long life of LED lamps was initially attractive, however, low brightness and high cost meant that they were generally restricted to use in dashboards. The new era with the internet of things (IoT) brings in the collaborative streaming of real-time data and artificial intelligence but the most striking feature is that it enables consumers to make better decisions thereby saving money.

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Along with technology development in the digitized infrastructure, outdoor LED smart lighting has evolved over the years. Increasing consumption of this type of solution can be seen in sports stadium, architecture and entertainment sector. The adoption of it is growing day by day. The segmentation of it is done on the basis of component, communication technology and service. LED lighting ability is to improve total plant productivity. By LED lighting can save time and costs, and also provide business intelligence data, reduce waste and redundancies, and enhance plant operations. The evolution of the Internet of Things (IoT and Secure Sockets Layer (SSL) has transformed the global lighting market as manufacturers have started using semiconductors in place of wires and gas to power smart lighting systems.

The Outdoor LED Smart Lighting Solution Market is segmented on the basis of components, communication technology and applications. The communication technology segment consists of wired and wireless. The new era with the Internet of Things (IoT) brings in the collaborative streaming of real-time data and artificial intelligence but the most striking feature is - it enable consumers to make better decisions thereby saving money. Wireless network controlled systems bring smart lighting with control strategies such as task tuning, daylight harvesting and scheduling to deliver demand-based lighting optimized for each zone.

The global outdoor LED smart lighting solution market is expected to grow approximately at USD 8 Billion by 2022, approx.12% of CAGR between 2016 and 2022.

Industry Updates:

Feb 2018 Wipro Lighting which is a part of Wipro Consumer Care and Lighting Group recently revealed its solutions for connected indoor and outdoor lighting smart solutions at an event recently. Wipro Lighting has worked in partnership with top global technology firms like pureLi-Fi which is Scotland based and Cisco. They have worked together with Cisco for Power over Ethernet (PoE) based lighting solutions and are also delivering human-centric lighting solutions for modern office setups. The Internet of Lighting (IoL) venture is a step on track to provide their customers with pioneering solutions in lighting and technology. Wipro Lighting will also be extending its solutions and applications right from smart buildings, smart homes to smart cities under the brand individuality of IoL.

Key Players

The prominent players in the outdoor LED smart lighting solutions are Philips Lighting Holding B.V. (Netherlands), Acuity Brands, Inc. (U.S.), General Electric (U.S.), Osram Licht AG (Germany), Honeywell International Inc. (U.S.), Cooper Industries, Inc. (U.S.), Schneider Electric SE (France), Digital Lumens, Inc. (U.S.), Streetlight. Vision (France), Lutron Electronics Company, Inc. (U.S.), among others.

Industry Segments

The outdoor LED smart lighting solution industry has been segregated on the basis of communication technology, component and application.

- By Communication Technology: Wireless and Wired
- By Component: Hardware, Software and Service
- By Application: Landscape Light, Street Lighting, Parking, Stadium, Waterways and Others

Regional Analysis

The regional analysis of outdoor LED smart lighting solution market covers regions such as Americas, Asia pacific, Europe and Rest of the World. The swift evolution of IOT through diverse industries has driven the market of outdoor LED smart lighting solution. The North American region's control will be mainly owing to high adoption of technology and growing efforts to control the unsafe impact of electricity consumption on the environment. Nonetheless, the report also proposes that developing economies in the Asia Pacific region and rest of the world will have rewarding opportunities in the global market. The European region is also one of the main and leading region in the market since of the smart LED solutions in different application segments including industrial, commercial, outdoor and residential segment.

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Intended Audience

- Investors and consultants
- System Integrators
- Government Organizations
- Research/Consultancy firms
- Technology solution providers
- LED Manufacturers
- Smart Lighting Solution Providers

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