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The future of technology, the demand for smart lighting market has increased dramatically
  • November 30,2018.
Buildings and cities are becoming smarter, driving smart lighting technology and market growth, and building energy management systems (BEMS) and home energy management systems (HEMS) have included lighting as part of this. With the advent of the 5G era, large-capacity, low-latency network transmission will become a reality, and related technologies and networked systems will gradually mature. For example, Bluetooth Mesh network, Internet of Things, Wi-Fi, etc. are all popular for smart lighting. An indispensable pusher.

According to relevant data, global smart lighting entered a stage of rapid development in 2017, with a market size of nearly US$4.6 billion and an annual growth rate of 95%. With the maturity of technology and products and the spread of related concepts, the market size is expected to reach US$13.4 billion in 2020. .

The growing demand for energy reduction in residential and industrial areas is a constant feature of the development of energy-efficient lighting systems. Energy-efficient LED lighting systems reduce energy costs for residential customers, thereby mitigating the impact of increasing tariffs on them. In terms of components, smart lighting products have begun to dominate the market due to the large-scale installation of lighting systems in the residential and commercial sectors.

The initiative to develop smart cities advocated by governments around the world is a major factor in the growing number of smart lighting solutions, and it is expected that connected lighting systems will become one of the most important components of smart city infrastructure. As lighting systems continue to optimize urban energy consumption, the self-sustainability and growth of the urban economy can be greatly accelerated.

Between 2018 and 2024, the average annual growth rate of the outdoor lighting market is expected to exceed 25%. The main feature of rapid growth is the growing demand for intelligent street lighting systems worldwide. Smart City projects can also benefit from these smart fixtures to achieve their energy security and sustainability goals.

LEDcent is the most professional LED lighting supplier,we have many energy-efficient lightings products,such as 120W UFO LED High Bay Lighting, cost effective LED street lights ,120W LED Street Lighting Fixtures etc here!

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