Smart lighting system sales to reach $4.4 billion by 2025
August 16, 2018
A new study has been released, Smart Lighting in the US, showing the US demand for smart lighting (lighting sources, fixtures and controls) is forecast to increase to $945 million by year-end 2018.
By 2025, demand is expected to reach $4.4 billion, driven by:
- Rapid growth in the broader smart tech and IoT markets, including smart home devices, nonresidential building automation, and smart city infrastructure
- Consumer interest in the convenience of smart lighting capabilities, such as wireless, away-from-home, and voice control
- Energy saving initiatives, especially in nonresidential applications
Some of the conveniences of consumer smart lighting (e.g. voice control and away-from-home remote control) often require a bridge or hub. Building control suppliers have readily expanded their product offerings to incorporate smart lighting capabilities into broader building automation and Internet of Things (IoT) systems. These and other trends are presented in the Freedonia Group report.
Smart lighting controls accounted for 63% of smart lighting sales in 2017. Smart lighting controls include lighting-specific control devices separate from any light source or fixture, such as:
• centralised lighting system control boxes
• lighting-specific smart home hubs and bridges
• smart light switches and dimmers
Smart lighting controls are critical for energy savings in nonresidential applications, using large networks of sensors and advanced analytics to reduce energy consumption.
From Smart Energy
