The global intelligent lamp market is expected to reach USD billion by 2028. The growth of the market can be attributed to factors such as increased adoption rate in residential and commercial lighting, increasing demand for energy efficiency, and safety features in lamps. An intelligent lamp is a type of light that can accommodate different types of lamps and provide features such as brightness adjustment, color temperature change, dimming capabilities, wireless connectivity for remote control, and more.
On the basis of types, the market is segmented into wired and wireless.
Wired intelligent lamps are connected through electrical wires that provide a power supply along with a data cable connection which enables them to connect wirelessly via Wi-Fi or Bluetooth protocols. The wired types of light bulbs have been around since the 1800s however they were not considered smart until recently when new technologies allowed for internet connectivity without any need for additional wiring connections between the device and an individual’s home network router.
This type of lamp does not require any physical connection. Powered by batteries, this is an ideal option for those who wish to light up their homes while on vacation or camping outdoors without the need for a power source nearby. Wireless lamps are also perfect in places where you don't have access to electrical sockets such as battery-powered vehicles and boats.
On the basis of application, the market is segmented into residential, commercial, and others.
The use of global intelligent lamps in the residential segment is increasing day by day. These lamps offer a wide range of benefits such as energy efficiency, cost savings, and eco-friendliness to the end-users. These are also easy to install and have lower maintenance costs compared with other light sources available globally. The global intelligent lamp market is mainly driven by the significant increase in demand from the commercial sector. The growth of this segment can be attributed to major developments that have taken place within the industry over recent years due to rapid advancements in technology, including the introduction of IoT-enabled light fixtures and the increasing adoption rate of LED lamps.
The growth factors of the global intelligent lamp market are an increase in demand from the commercial sector due to the rise in installation & use of LED lamps and IoT-enabled light fixtures. Replacement of traditional lighting fixtures with smart ones for energy efficiency, cost savings, and eco-friendliness. The industry's major players are investing heavily at strategic locations with an aim of expanding their geographical reach by developing smarter technologies that would have a long-lasting impact on the overall market dynamics. The increased adoption rate of advanced wireless network technology is also expected to fuel the growth during the forecast period 2021 - 2028.
The industry has been witnessing high technological advancements as well as innovation across various segments such as software platforms, sensors (motion detectors), connectivity (WiFi/Bluetooth).
On the basis of region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America region is anticipated to be the largest market with a revenue of US$ XX billion in 2028 followed by Asia-Pacific (APAC) and Western Europe.
Up Market Research published a new report titled “Intelligent Lamp Market research report which is segmented by Types (Wired, Wireless), By Applications (Residential, Commercial, Others), By Players/Companies Acuity Brands, Control4 Corporation, Cree, Eaton Corporation, Enlighted, General Electric Company, Honeywell International, Hubbell Incorporated, LSI Industries, Legrand, Leviton Manufacturing, Lutron Electronics, OSRAM GmbH, Philips Lighting, Schneider Electric”.
|Report Attributes||Report Details|
|Report Title||Intelligent Lamp Market Research Report|
|By Type||Wired, Wireless|
|By Application||Residential, Commercial, Others|
|By Companies||Acuity Brands, Control4 Corporation, Cree, Eaton Corporation, Enlighted, General Electric Company, Honeywell International, Hubbell Incorporated, LSI Industries, Legrand, Leviton Manufacturing, Lutron Electronics, OSRAM GmbH, Philips Lighting, Schneider Electric|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||210|
|Number of Tables & Figures||147|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Wired, Wireless and By Application Residential, Commercial, Others.
Some of the companies that are profiled in this report are:
Intelligent Lamp Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Intelligent Lamp Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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