BIS Research - Emerging Technology Market Intelligence

Energy Efficient Smart Lighting An Answer To The Global Energy Crisis

May 10, 2017 4:08:31 AM / by BIS Research posted in Electronics & Semiconductor, Emerging technology, Global Smart Lighting Market Report, Global LED Market, Global Smart Lighting Market, LED, LED Market, LED Market Analysis, Smart Lighting Market, Smart Lighting Market Forecast, Smart Lighting Market Research

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The emergence of smart lighting on a global scale has been a consequence of shifting paradigm of lighting industry to electronics industry, along with integration of physical security industry with smart lighting as well as adding voice control feature to the upcoming products. Smart lighting is being adopted as an energy efficient alternative amidst the issue of global energy crisis. Smart lighting market has been growing gradually owing to the increasing smart homes market along with customization benefit and constantly decreasing Average Selling Price (ASP) of LED bulbs. However, the market consists of certain hurdles including designing challenges while using LED, and lack of standards and the associated interoperability issues.

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