According to a new market research study titled ‘Smart Lighting Market to 2025 – Global Analysis and Forecast by Lighting Type (LED lamp, Fluorescent Lamps, Compact Fluorescent Lamps (CFL), High Intensity Discharge Lamps & Other), Application ( Industrial lighting, Commercial lighting, Residential lighting, Outdoor lighting, Automotive lighting & Government) and Connectivity Technology (wired & wireless)’, the global smart lighting systems market was valued at US$ 10.55 Bn in 2015 and is estimated to reach US$ 51.05 Bn by 2025. The report highlights the trends prevalent in the global market and the factors driving the market along with those that act as deterrents to its growth.

IoT, also known as connected technology is expected to experience a high adoption trend in the coming years, where home or building automation would be having the major share in IoT market. The connected building would be creating a wealth of opportunity for smart lighting industry with dramatic rise in adoption of IoT technology.

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The market is further segmented on the bases of lighting Type into. Light Emitting Diode (LED) Lamp, Fluorescent Lamps, Compact Fluorescent Lamps (CFL), High Intensity Discharge Lamps and Others (Neon Lamps and Photographic Flashes). Furthermore, the segmentation is based upon application of smart lighting viz. Industrial lighting, Commercial lighting, Residential lighting, Outdoor lighting, Automotive lighting and Government. According to the geographic regions, the market is segmented into Europe, Middle East & Africa (MEA), Asia Pacific (APAC), North America and South America (SAM).

With the help of smart lighting the agriculture industry has successfully built effective indoor farming methods. These industries have optimized the aeroponic systems for faster harvest cycle. The smart LED provides with a precise recipe for the healthy growth of each kind of plant. Smart lighting technology enables the scientists to set the specific spectrum, frequency and intensity required for photosynthesis in the most energy efficient way.

Recently various new indoor farms were scheduled in Rohde Island, New Jersey, Ontario and New York. Also the United States Department of Agriculture has invested $2.44 Mn in a project referred to the research over the developing LED lighting technologies and practices for sustainable crop production. This research study is aimed at the advancement of LEDs as an artificial lighting source in greenhouse. The main agenda is to improvise the productivity of greenhouse by reduction of energy consumption.

IoT is all about controlling things with mobile devices and sensors. Thus, a wireless light governing system is the controlling of lights in any space by using wirelessly controlled switches, keypads and dimmers instead of current switches. The easily concealable processor facilitates communication between the smart lighting devices. The planning and cost required for a wireless lighting system is inferior to a centralized system. There is no need to dissect walls and install cables, which makes this system a better lighting governing control option for modernizing of projects. The cost of the keypads, processors and dimmers is less expensive than a wired system for those who are trying to stay within a certain budget. A wireless system is less time consuming and does not require much of planning. Therefore, the system is potent to functioning in less time, and therefore the wireless lighting solution is taking over the wired smart lighting market.

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